- Mukesh Buch
- 14 Oct, 2011
- New York City
Google third quarter net income increased 30% to $2.73 billion. Mattel third quarter net income rose to $300.8 million. Valmont third quarter net earnings soared 53% to $42.1 million.
- Bikram Pandey
- 14 Oct, 2011
- New York City
U.S. indexes extended gains and completed third weekly rise. Crude oil, copper and gold gained. European banks faced another round downgrade after a rating agency lowered its views on French banks. G20 finance officials struggle to convince European leaders to accelerate bank recapitalization plan.
- Devan Biswas
- 14 Oct, 2011
- New York City
European markets advanced as G20 leaders urge European leaders to expedite the bank recapitalization plan. A credit rating agency lowered its views on the Spanish debt and lowered the rating for the third time in three years. Italian Prime Minister Silvio Berlusconi won a confidence vote.
- Nigel Thomas
- 14 Oct, 2011
- New York City
Stocks in Japan declined as more companies curtail production after Bangkok industrial area suffer one of the worst flood damages in the recent years. Toyota Motor extended production halts at three factories in Thailand. Olympus fired its British born chief executive.
- Marcus Jacob
- 14 Oct, 2011
- New York City
Australian indexes declined nearly 1% and caught in a trading range in the last two days after a 3-day rally. Banks were lower on the global banking system worries. Qantas faces more flight disruptions after engineers prepare to walk out tomorrow.
- Bikram Pandey
- 13 Oct, 2011
- New York City
U.S. stocks pared losses after tech stocks rallied and bond yields edged lower. Crude oil edged lower after the dollar gained against the euro. Gap Inc plans to cut 21% of its stores in North American Gap brand stores before 2013. Google revenues and earnings exceeded expectations.
- Devan Biswas
- 13 Oct, 2011
- New York City
U.S. stocks declined after JP Morgan said quarterly earnings dropped 33% and set aside $1 billion for securitized mortgage loans litigation. Investors turned cautious after European leaders suggested more losses for banks and said the rescue fund should be accessed as a last resort.
- Mukesh Buch
- 13 Oct, 2011
- New York City
Commerce Bancshares third quarter net income rose to $65.3 million. Fastenal third quarter net earnings rose 29% to $97 million. JPMorgan third quarter net income fell 4% to $4.3 billion. Safeway third quarter net income increased to $130.2 mn. Wal-Mart updated capital spending and sales forecast.
- Nichole Harper
- 13 Oct, 2011
- New York City
European markets declined as leaders work to settle differences in how to use the rescue fund. Germany and at least five other nations are demanding that the facility should be tapped only on the last resort and banks must seek capital in the financial markets first. Italy sold
- Nigel Thomas
- 13 Oct, 2011
- New York City
Stocks in Japan gained after machinery orders were better than expected. Exporters advanced after the yen closed down at one month low and financials gained after euro zone leaders promised quicker action to recapitalize banks.
- Marcus Jacob
- 13 Oct, 2011
- New York City
Australian stocks resumed the advance after the release of jobs data. The unemployment rate in September decreased to 5.2% from 5.3% in August. Rio Tinto said quarterly production of iron ore and coking coal increased but copper and alumina output fell.
- Bikram Pandey
- 12 Oct, 2011
- New York City
The benchmark indexes in New York gained at least 1% and the Nasdaq flirted near a flat line for the year. Investors shifted focus from the euro zone turmoil to domestic earnings. Commodities gained but closed mixed.
- Nichole Harper
- 12 Oct, 2011
- New York City
Wall Street opened higher following the gains in Europe and on positive domestic earnings expectations. PepsiCo, Inc gained 3% after it met lowered earnings outlook and Alcoa Inc fell 3% on an earnings miss. The Nasdaq index trimmed its losses for the year to 1.3% and the S&P 500 index to 3.5%.
- Mukesh Buch
- 12 Oct, 2011
- New York City
Alcoa third quarter net income increased 21% to $172 million. Liz Claiborne agreed to sell its brands to retailers J.C. Penney and Kohl''''s. PepsiCo third quarter net income rose 4% to $2 billion.
- Devan Biswas
- 12 Oct, 2011
- New York City
European markets rebounded and looked beyond Slovakia vote. Miners and industrial companies gained after August industrial production surged across the region from a year ago. German 30-year bond failed to attract investors and the ECB lent $1.35 billion in emergency loans to only six banks.