- Arthi Gupta
- 22 Jun, 2011
- New York City
The European indexes traded sideways after Greek Prime Minister Papandreou won a vote of confidence yesterday. Markets in Europe rebounded and shifted focus to the passage of austerity measures next week. Philips plunged on weak comparable sales outlook for the second quarter of 2011.
- Nigel Thomas
- 22 Jun, 2011
- New York City
Stocks in Japan rebounded after concerns over Greece eased for now. The Nikkei index inched above 9,600 and closed at the high for the month. Chain store retail sales declined 1.4% in May. Softbank is likely to reach an agreement with Alibaba Group over its payment gateway technology.
- Marcus Jacob
- 22 Jun, 2011
- New York City
Stocks in Australia rebounded after a weak trading in the last five days. Resources linked stocks gained after Greek government won a parliament vote of confidence. Qantas Airways estimated full year profit of as much as $550 million but international operations continue to make losses.
- Bikram Pandey
- 21 Jun, 2011
- New York City
U.S. and European markets rebound with resources linked stocks leading the advance. Oil, copper and gold turn positive. The S&P 500 index gained nearly 3% in the last four days and the Nasdaq added 1.8%. The euro held firm as Greek lawmakers debate austerity plan.
- Mukesh Buch
- 21 Jun, 2011
- New York City
Barnes & Noble reported fourth quarter net loss widened to $59.4 million. Carnival second quarter net income fell to $206 million. Susquehanna will acquire Tower Bancorp for $343 million. Walgreen third quarter net earnings grew to $603 million.
- Arthi Gupta
- 21 Jun, 2011
- New York City
The UK indexes climbed as concerns eased about a Greek debt default. The UK public sector borrowing declined in May and manufacturing demand remained strong in June. Irish trade surplus narrowed in April.
- Arthi Gupta
- 21 Jun, 2011
- New York City
U.S. indexes gained on optimism of a resolution to the Greek debt crisis. eBay completed acquisition of GSI Commerce for $2.4 billion. Raytheon secured $1.7 billion contract to upgrade Patriot for Saudi Arabia.
- Arthi Gupta
- 21 Jun, 2011
- New York City
German economic sentiment deteriorated in June and leading index rose in April. Swiss economic growth forecasted to slow to 1.9% in 2012. The jobless rate in Finland declined in May.
- Arthi Gupta
- 21 Jun, 2011
- New York City
The European indexes traded higher ahead of the crucial confidence vote by the Greek Prime Minister George Papandreou. Weatherford settled claims with BP relating to the Deepwater Horizon oil spill. Elekta agreed to buy Nucletron for
- Nigel Thomas
- 21 Jun, 2011
- New York City
Stocks in Japan increased for the second day in a row after investors focused on the domestic manufacturing recovery. TDK Corp gained after it increased dividend and estimated net to increase 11% in the current year.
- Marcus Jacob
- 21 Jun, 2011
- New York City
Australian stocks edged higher following a rise in commodities and international markets. The Euro-zone ministers, ECB, IMF and Greece remain at odds in how to fund the last portion of first bailout. Foster
- Bikram Pandey
- 20 Jun, 2011
- New York City
U.S. stocks gained for the third day in a row but broader indexes struggle as the valuation trade near the lows of two decades. Deals news and positive views on the Greek saga lifted indexes from the early weak opening. European indexes closed at the low of the day. Asian markets closed mixed.
- Mukesh Buch
- 20 Jun, 2011
- New York City
Carpenter agreed to acquire Latrobe Specialty Metals for $558 million. Nabors expects second quarter operating income to be between $165 million and $170 million. Travelers agreed to acquire 43% stack in Brazil insurance JMalucelli for $410 million. PNC agreed to acquire RBC Bank (USA) for $3.45 bn.
- Nigel Thomas
- 20 Jun, 2011
- New York City
Stocks in Japan declined in the early trading but recovered the losses in the afternoon after utilities closed higher. Japan government said nuclear plants can resume operation as scheduled after the successful testing. Mazda and Olympus rose on the higher earnings estimates.
- Arthi Gupta
- 20 Jun, 2011
- New York City
The UK indexes fell. The UK gross mortgage lending rose in May and home prices gained in June. Rolls-Royce secured $2.2 billion contract from Brazil-based TAM Airlines. Rexam agreed to sell Closures to U.S.-based Berry Plastics for $360 million.