- Arthi Gupta
- 19 Jul, 2011
- New York City
U.S. indexes gained after strong earnings and housing starts rose 14.6% in June. Cisco agreed to sell Mexican set-top box factory to Foxconn and planned job cuts. IBM net rose 8%. Bank of America swung to a net loss on impairment charges.
- Nigel Thomas
- 19 Jul, 2011
- New York City
Stocks in Tokyo declined below its 200-day average as global economic worries resurfaced. Industrials and automakers were among the leading decliners. Banks fell more than 2% on the worries that the debt contagion may widen in the euro-zone.
- Arthi Gupta
- 19 Jul, 2011
- New York City
Construction output in the euro are slowed in May. German economic sentiment fell more-than-anticipated in July. Greek jobless rate declined to 15.8% in April. Portuguese PPI eased in June.
- Marcus Jacob
- 19 Jul, 2011
- New York City
Australian stocks edged lower as the rising sovereign debt talk stress in the U.S. and Europe weakened the sentiment. News Corp credit rating may be lowered according a rating agency. OZ Minerals launches a stock buyback plan for $200 million.
- Arthi Gupta
- 19 Jul, 2011
- New York City
European indexes rallied from a seven-month low on better-than-estimated earnings. An emergency summit of euro area leaders is scheduled for Thursday in Brussels to finalize a bailout package for Greece. Spain successfully sold
- Bikram Pandey
- 18 Jul, 2011
- New York City
The U.S. indexes followed the decline in European markets after debt stress rose across both sides of the Atlantic. Bank stress tests results showed significantly large bank exposures to bonds of Italy, Spain and Greece. Gold and silver resumed their advances in the third week.
- Mukesh Buch
- 18 Jul, 2011
- New York City
General Dynamics acquired Network Connectivity. Gannett second quarter net income declined 22.5% and Halliburton second quarter net income soared to $739 million. Hertz agreed to acquire Donlen Corp. in $930 Million. WebMD revised expected revenue and net income.
- Nigel Thomas
- 18 Jul, 2011
- New York City
The U.S. indexes traded lower as debt talks stall and lawmakers prepare to pass stop-gap bills that may lead to a partial solution. In addition, the stress in the euro-zone sovereign debt rose as the yields on Spanish and Italian bonds inched toward danger zone. Gold traded above $1,600.
- Arjun Dave
- 18 Jul, 2011
- New York City
European markets declined more than 1% after investors digested bank stress test results which many consider were not stressful enough. Italian bond yields rose above 6% and the euro dropped to a record low against the Swiss franc. Philips swung to a second quarter loss.
- Marcus Jacob
- 18 Jul, 2011
- New York City
Australian stocks closed nearly unchanged as energy and metals closed mixed. Sundance Resources received $1.4 billion takeover from China based Hanlong Mining. News Corp continued its slide for the second week as restive shareholder demand the removal of Rupert Murdoch from management.
- 123jump.com Staff
- 17 Jul, 2011
- New York City
The financial services provider total quarterly revenues declined 7% to $20.6 billion. Net income in the quarter increased 24% to $3.34 billion. Earnings per share rose to $1.09 as against 90 cents per share in the previous-year quarter.
- 123jump.com Staff
- 16 Jul, 2011
- New York City
The financial services firm stated quarterly revenue improved 7% to $27.41 billion. Net income for the quarter rose 13% to $5.43 billion. Earnings per share grew to $1.27 compared to $1.09 per share last year.
- Bikram Pandey
- 16 Jul, 2011
- New York City
Les Hinton, Chief Executive of Dow Jones resigned after more details emerged about lapses of ethical journalism during his tenure at the UK publications. Hinton is likely to face several UK inquiries. Rupert Murdoch may become the target of long term shareholders if scandal keeps widening.
- Bikram Pandey
- 16 Jul, 2011
- New York City
U.S. debt talks veered in a direction that raised stakes for both parties as the House prepares to vote next week on a spending cut plan. Eight banks in Europe failed the watered down stress test and 16 additional banks will need to raise capital to meet regulatory requirements.
- Mukesh Buch
- 15 Jul, 2011
- New York City
Citigroup second quarter net income soared 24% to $3.3 billion. Cubist reported second quarter net loss. Genuine Parts second quarter net income increased 22% to $151.8 million. Google second quarter net income surged to $2.51 billion. Mattel second quarter net increased.