- Arthi Gupta
- 29 Jul, 2011
- New York City
European indexes traded lower after ratings agency placed Spain''s ratings on review for possible downgrade. The U.S. debt ceiling impasse added to traders
- Marcus Jacob
- 29 Jul, 2011
- New York City
The Australian benchmark index declined to 11-month low as the global economic growth was endangered by the irresponsible U.S. lawmakers. U.S. is only three days away from a debt default that could slow the incipient economic recovery and raise rates worldwide.
- Bikram Pandey
- 28 Jul, 2011
- New York City
The Republican Party controlled U.S. House is expected to vote on the revised deficit bill as investors demand a plan for a loge term debt solution that needs cuts in military and increase taxes for wealthy. Stocks wavered and gold and commodities traded near recent highs.
- Mukesh Buch
- 28 Jul, 2011
- New York City
Aflac second quarter net earnings declined 52%. CME second quarter net rose 8% to $293.7 million. Exxon Mobil second quarter net income surged 41% to $10.7 billion. E.I. du Pont second quarter net income rose 5% to $1.2 billion. Royal Dutch Shell second quarter net income surged 97% to $8.7 billion.
- Arjun Dave
- 28 Jul, 2011
- New York City
The U.S. indexes trended lower as the House prepares to vote on a revised spending plan. The U.S. may not be able to avert a debt downgrade. Weekly jobless claims fell below 400,000. Exxon Mobil quarterly net fell on lower refining margins.
- Devan Biswas
- 28 Jul, 2011
- New York City
European markets turned lower for the third day in a row on a string of weak earnings and a decline in confidence index in the euro-zone. The indexes fell more than 1% in Germany, France, Greece, Switzerland and Sweden.
- Nigel Thomas
- 28 Jul, 2011
- New York City
Stocks in Japan declined on the growing prospect of the U.S. default or a credit rating downgrade and the yen edged near a record high. Advantest dropped 7% on weaker than expected sales outlook and Hitachi Construction Machinery gained 4% on 91% rise in operating income.
- Marcus Jacob
- 28 Jul, 2011
- New York City
Australian stocks dropped after the U.S. markets declined as much as 2% on the prospect of the debt default. Banks and resources linked companies traded lower as the U.S. lawmakers act recklessly with the debt negotiations and put global growth at risk. The Australian dollar traded at a new high.
- 123jump.com Staff
- 28 Jul, 2011
- New York City
The online retailer net sales soared 51% to $9.91 billion in the quarter. Net quarterly income fell 8% to $191 million. Earnings per share slid to 41 cents versus 45 cents per share a year-ago quarter. The company estimates net sales of $10.3 billion to $11.1 billion for the third quarter.
- Bikram Pandey
- 27 Jul, 2011
- New York City
U.S. stocks declined sharply as the debt impasse continues and House Speaker John Boehner struggles to gain support of the Republic Party members for his plan. The U.S. debt rating could be lowered by at least one rating agency.
- Mukesh Buch
- 27 Jul, 2011
- New York City
Aetna second quarter net income increased 9% to $536 million. Amazon.com second quarter net income decreased 8% to $191 million. ConocoPhillips quarterly net income declined to $3.4 billion. Boeing second quarter net income increased 20% to $941 million.
- Bikram Pandey
- 27 Jul, 2011
- New York City
U.S. stocks declined as markets finally began to digest to possible impact of the failure to increase debt ceiling by the deadline August 2. The indexes turned lower and dragged markets in Europe. Amazon sales soared 50% and Boeing lifted its earnings outlook.
- Devan Biswas
- 27 Jul, 2011
- New York City
European markets turned lower after bank lending in the euro-zone rose at a slower pace in June. Swiss leading indicator index declined for the third month in a row and Italian manufacturing index weakened. SAP AG gained after it reported a strong quarter and Peugeot Citroen declined 8%.
- Nigel Thomas
- 27 Jul, 2011
- New York City
Stocks in Japan declined after positive earnings were overshadowed by the rising debt tensions in the U.S. Fanuc Ltd reported higher earnings and lifted its current quarter view. The leasing company Orix also reported 44% increase in net. The dollar declined below 78 yen mark.
- Marcus Jacob
- 27 Jul, 2011
- New York City
Australian stocks declined after inflation accelerated in the second quarter. Food and household services prices increase lifted inflation in the second quarter to 0.9% from the first quarter and rose 3.6% on an annual basis. Banks, steelmakers declined after the Australian dollar rose to a record.