- Bikram Pandey
- 13 Jul, 2011
- New York City
U.S. stocks turned positive after market took a surprise note on the Fed
- Mukesh Buch
- 13 Jul, 2011
- New York City
Adtran second quarter net income rose. Capital One second quarter net income surged to $911 million. Kinetic Concepts acquired by consortium valued at $6.3 billion. Validus Holdings agreed to acquire Transatlantic for $55.95 a share.
- Arthi Gupta
- 13 Jul, 2011
- New York City
The UK indexes edged higher after China reported positive GDP data. The UK jobless rate was 7.7%. Ireland''s government bonds cut to junk status. News Corp. withdrew its bid for BSkyB after company faces systemic problems with news gathering techniques.
- Arthi Gupta
- 13 Jul, 2011
- New York City
U.S. indexes futures gained after import prices fell 0.5% in June. Applications for U.S. home mortgages slid for the fourth consecutive week. Private equity consortium acquired Kinetic Concepts for $6.3 billion. Electronic Arts agreed to buy PopCap for $750 million.
- Arthi Gupta
- 13 Jul, 2011
- New York City
European indexes inched higher after China reported faster than estimated second quarter economic growth. Euro-zone industrial production growth eased to 0.1% in May. ASML net soared 81% and Gerresheimer surged 8% after quarterly earnings increased.
- Nigel Thomas
- 13 Jul, 2011
- New York City
Japanese stocks rebounded after the Bank of Japan stepped its purchase of Japanese equities and stronger than expected economic expansion in China. The yen strengthened for the third week in a row and traded below 79 to a dollar and 110 to one euro.
- Arthi Gupta
- 13 Jul, 2011
- New York City
Euro area industrial output eased in May. German wholesale price inflation declined but Spanish inflation eased in June. Norwegian home prices rose in the second quarter. Finnish retail sales increased in May.
- Marcus Jacob
- 13 Jul, 2011
- New York City
Australian stocks rebounded after steep losses last week. Resources linked companies gained after China expanded at 9.5% in the second quarter. David Jones estimated net profit to decline as much as 2%.
- 123jump.com Staff
- 12 Jul, 2011
- New York City
The retail discount stores operator net sales for the quarter increased 7.8% to $2.153 billion on comparable store sales rise of 4.7%. Net quarterly income rose 6.5% to $111.1 million. Earnings per share climbed to 91 cents compared to 77 cents a year-ago quarter.
- Bikram Pandey
- 12 Jul, 2011
- New York City
U.S. indexes rebounded in the late afternoon after the release of the Fed minutes of meeting held last month as minority prefers additional stimulus. Electronic chip makers declined after Novellus provided cautious outlook. Cisco gained more than 2% after the company plans to cut 14% of its staff.
- Mukesh Buch
- 12 Jul, 2011
- New York City
Alcoa second quarter net income soared. Clean Energy said Chesapeake investing $150 million. Microchip expects first quarter net sales to be fell 1.5%. Radiant Systems agreed to be acquired by NCR Corporation for $1.2 billion.
- Arthi Gupta
- 12 Jul, 2011
- New York City
The UK indexes declined after home prices fell, annual total retail sales increased 1.5% and inflation dropped unexpectedly to 4.2% in June. The UK leading index climbed in May. Thomas Cook plummeted 28% after bleak third quarter underlying operating profit outlook.
- Arthi Gupta
- 12 Jul, 2011
- New York City
U.S. indexes traded lower as the euro-zone debt contagion fears expand to Italy and Spain. U.S. trade deficit widened to $50.2 billion in May. NCR agreed to acquire Radiant Systems for $1.2 billion. Alcoa Inc net sales increased 27% and net more than doubled.
- Nigel Thomas
- 12 Jul, 2011
- New York City
Stocks in Japan declined following the worldwide stocks and commodities selloff. Japanese investors are increasingly factoring a bailout of Spain and Italy in the next six months. Banks led the losers as trading and resource companies also dropped. The yen strengthened.
- Arthi Gupta
- 12 Jul, 2011
- New York City
Inflation in the euro area eased and Czech jobless rate dipped in June. Greek import price inflation slackened and French deficit widened in May.