- Nigel Thomas
- 09 May, 2011
- New York City
European markets opened lower and declined sharply in the late afternoon on the worries that Greek bonds may face restructuring as early as next month. Banks and insurance companies declined in the region. Yields on 2-year Greek bonds surged to 25.4% and yields on Irish and Portuguese bonds surged.
- Devan Biswas
- 09 May, 2011
- New York City
Stocks in Mumbai edged slightly higher after companies announced better than expected earnings. Adani Power, Federal Bank and Hindustan Unilever gained after the release of earnings. Piramal Life Sciences gained after its announced the spinoff of its research division.
- Nigel Thomas
- 09 May, 2011
- New York City
Investors sold stocks in Tokyo for the second day in a row on uncertainty related to power supply in central Japan. Prime Minister Naoto Kan ordered the temporary shutdown of a nuclear power plant in an earthquake prone zone. Chubu Electric dropped 10%. Kirin and Yamaha declined on earnings worries.
- Marcus Jacob
- 09 May, 2011
- New York City
Australian stocks edged higher in a cautious trading ahead of federal budget tomorrow. The Australian dollar and oil closed higher. The Australian economy continues to create jobs as the latest private survey showed a sharp jump in ads. The jobs ads increased for the eleventh month in a row.
- 123jump.com Staff
- 03 May, 2011
- New York City
The online movie rental company said quarterly revenue rose 46% to $718.55 million. Net income in the quarter surged 86% to $60.2 million, helped by strong subscriber growth in the U.S. Earnings per share increased to $1.11 per diluted share versus 59 cents per share in the year-ago quarter.
- Arthi Gupta
- 03 May, 2011
- New York City
The UK indexes slid after manufacturing activity slowed and retail sales growth remained subdued in April. Irish manufacturing activity improved in April. Experian acquired majority stake in Computec for $400 million.
- Arthi Gupta
- 03 May, 2011
- New York City
U.S. indexes traded lower after construction spending rose more than estimated in March and manufacturing activity fell in April. Pfizer net climbed 10%. MasterCard quarterly net beats forecasts.
- Arthi Gupta
- 03 May, 2011
- New York City
European indexes declined as automakers led the decline. Euro area producer price inflation accelerated for the fifth straight month in March. Infineon raised its sales growth outlook for fiscal 2011. Metro net loss narrowed.
- Arthi Gupta
- 03 May, 2011
- New York City
Euro area producer prices rose for the fifth month in a row in March. Czech manufacturing activity improved in April. Romanian PPI climbed, Denmark jobless rate remained flat, and German machinery orders increased in March.
- Nigel Thomas
- 07 May, 2011
- New York City
Silver dropped the most last week reminding investors of sudden move in the metal in the 1980 and the volatility in Internet stocks in the late nineties. The recent surge in trading volume in silver indicates a strong interest from retail investors that may presage lower prices ahead.
- Arthi Gupta
- 02 May, 2011
- New York City
European indexes gained after manufacturing activity rebounded in April. The UK home prices declined in April. Terex Industrial Holding offered $1.3 billion for Demag Cranes. PPR agrees to acquire Volcom for $607.5 million.
- Arthi Gupta
- 04 May, 2011
- New York City
Euro-zone composite PMI rose modestly in April but retail sales fell more than estimated in March. France service sector expanded at a faster pace in April. Spain unemployment declined significantly in April. Norwegian retail sales volume dropped 5.2% rate in March.
- Arthi Gupta
- 04 May, 2011
- New York City
European indexes declined after weaker-than-estimated earnings. Portugal received EU-IMF bailout package of
- Arthi Gupta
- 04 May, 2011
- New York City
U.S. indexes fell after private sector employment rose less-than-estimated in April but mortgage applications volume increased. Applied Materials agreed to acquire Varian Semiconductor for $4.9 billion. ConAgra offered $4.9 billion to buy Ralcorp. Time Warner net declined 10%.
- Arthi Gupta
- 04 May, 2011
- New York City
The UK indexes slid after shop prices rose and construction activity slowed in April. M4 money supply dropped and mortgage approvals increased in March. Logica surged 3.7% on quarterly revenue growth.