- Devan Biswas
- 02 Nov, 2011
- New York City
European markets traded volatile as banks rebounded from the lows. Euro zone manufacturing survey indicated a sharp fall in activities in Italy, France and Germany. Separately, German unemployment rose to 7%.
- Nigel Thomas
- 02 Nov, 2011
- New York City
Stocks in Tokyo trading fell as investors turned cautious after worries on the euro zone and Greek referendum rose. Sony estimate annual loss of $1.2 billion on the rising yen and weak television sales. Shipping companies declined on the falling freight rates.
- Marcus Jacob
- 02 Nov, 2011
- New York City
Australian stocks edged lower after international markets dropped on the rising worries in the euro zone. September construction approval dropped 13.6%. OneSteel fell after it said higher dollar will hurt its first half earnings. Westpac Banking said lending growth slowed and bad debt charges fell.
- 123jump.com Staff
- 02 Nov, 2011
- New York City
The used car dealer said net sales and operating revenues increased 11% to $2.59 billion on comparable store used unit sales fall of 2% in the quarter. Net quarterly income climbed 3.7% to $111.9 million. Earnings per share rose to 49 cents compared with 48 cents per share a year-ago quarter.
- Bikram Pandey
- 01 Nov, 2011
- New York City
U.S. indexes declined 2% after fresh worries on Greek accord resurfaced. Greek government may fall as early as Friday and Greece may put to test recently agreed debt restructuring to a popular vote. MF Global Holdings Ltd confirmed to federal regulators that client funds may have been diverted.
- Mukesh Buch
- 01 Nov, 2011
- New York City
American Tower third quarter net swung to $15.7 million. Baker Hughes third quarter net soared to $706 million. BB&T to acquired BankAtlantic. Pfizer third quarter net surged to $3.7 billion. Thomson Reuters third quarter net increased to $381 million. Allstate net declined 55% to $165 million.
- Devan Biswas
- 01 Nov, 2011
- New York City
U.S. indexes declined on the renewed worries about the euro zone and growing scepticism about the recent debt accord. Manufacturing index showed a decline on weaker export orders. MF Global may face regulatory investigation in bankruptcy.
- Devan Biswas
- 01 Nov, 2011
- New York City
European markets plunged after Greece decided to seek a referendum on EU bailout terms. The surprise decision stunned the European markets with indexes plunging more than 5% in the region. Yields on Italian and Spanish bonds rose.
- Nigel Thomas
- 01 Nov, 2011
- New York City
The Nikkei index in Tokyo declined on fresh worries in the euro zone. The yen traded near its 3-month high after finance ministry intervened in the currency market. Japanese auto makers suffer production delays till December on Thai floods.
- Marcus Jacob
- 01 Nov, 2011
- New York City
Australian indexes declined tracking weak markets in Asia and Reserve Bank of Australia lowered rate by 25 basis points to 4.5%. Home prices declined for the third quarter in a row with Brisbane leading the fall.
- Bikram Pandey
- 31 Oct, 2011
- New York City
U.S. indexes dropped 2% and finished the October with the best monthly gains in more than a decade. MF Global sought bankruptcy protection in a New York court after it lost bests on European sovereign bonds. Financials dropped and commodities turned lower.
- Mukesh Buch
- 31 Oct, 2011
- New York City
AbitibiBowater third quarter net loss narrowed to $44 million. Humana third quarter net increased 13.1% to $444.8 million. Loews third quarter net soared to $162 million. Sohu.com third quarter net income increased 17% to $46.8 million.
- Devan Biswas
- 31 Oct, 2011
- New York City
European indexes declined and yields on Italian and Spanish bonds gained. Belgium completed the sale of
- Nichole Harper
- 31 Oct, 2011
- New York City
U.S. stocks trended lower on the last trading day of October and indexes soared more than 11% in the month. The S&P 500 index gained 11.8% and the Nasdaq index added 11.9% in the month. MF Global filed for bankruptcy protection after the deal with Interactive Brokers fell apart.
- Nigel Thomas
- 31 Oct, 2011
- New York City
Finance ministry in Japan intervened in the currency market and propped up the yen by 4%. The yen had traded near its 25-year high. Stocks declined and investors surmised the intervention will not sustain the weaker yen. Ebara Corp plunged 11% and Mitsui OSK dropped 4% on weak earnings outlooks.