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U.S. Jobless Rate Drops to 7.8%, Stocks Rally

Arthi Gupta
05 Oct, 2012
New York City

September jobless rate fell to a 3-year low of 7.8% and total nonfarm payroll rose by 114,000. Stock indexes extended gains for the fourth day in a row after private sector added more jobs than anticipated. European markets are trading higher as the leaders of France, Spain and Italy meet.

European Indexes Gain, German Factory Orders Decline

Arthi Gupta
05 Oct, 2012
New York City

The European indexes gained ahead of the non-farm payroll report in the U.S. The French economy is forecasted to grow 0.2% this year and Swiss economic growth outlook was lowered. German factory orders and Spanish output fell in August.

Europe Movers: Credit Suisse, Air Berlin, Burberry, Sanofi, France Telecom

Arthi Gupta
05 Oct, 2012
New York City

France Telecom-plans to hire 4,000 employees over the next three years. Air Berlin said capacity utilization rose in September and Volvo signed letter of intent to divest plant in Spain.

4-Day Rally on Wall Street; Oil Rebounds, Retailers Struggle

Bikram Pandey
04 Oct, 2012
New York City

Stocks on Wall Street traded higher after jobless claims rose less than expected and factory orders fell less than anticipated. However, same store sales increase last month was the second weakest in the year. Crude oil surged on mid-east tensions and coal miners advanced.

U.S. Jobless Claims Rise, Stocks Trade Higher

Arthi Gupta
04 Oct, 2012
New York City

U.S. indexes climbed after weekly jobless claims rose 4,000 to 367,000. Ocwen Financial agreed to acquire Homeward Residential Holdings for $750 million. Calpine agreed to purchase Bosque Power Plant for $432 million.

ECB, BoE Hold Rates, Portugal Announces New Austerity Measures

Arthi Gupta
04 Oct, 2012
New York City

The European indexes traded mixed after the ECB and the BoE held rates. Spain raised

Europe Movers: Gerresheimer, BG Group, Societe Generale, EDF

Arthi Gupta
04 Oct, 2012
New York City

Deutsche Telekom agreed to merge its U.S. wireless unit with MetroPCS. Gerresheimer quarterly earnings fell 25%. BG Group agreed to sell majority stake in India-based Gujarat Gas for $470 million. EDF plans to hire 6,000 to payroll.

Oil Slumps and Stocks Struggle on Wall Street, HP Plunges 13%

Bikram Pandey
03 Oct, 2012
New York City

Market indexes on Wall Street closed higher for the third day in a row and oil dropped more than 3%. Investors await labor market report on Friday and reacted negatively to the weak economic data from the euro zone and China. Crude oil futures dropped to the lowest since August.

Choppy Markets in New York, Gains in Private Employment and Service Sector

Nichole Harper
03 Oct, 2012
New York City

Stocks on Wall Street were choppy after the private sector added more than expected jobs and the index of service sector expanded faster than expected in September.

Euro Zone Survey Forecasts Recession

Devan Biswas
03 Oct, 2012
New York City

European markets were in a holding pattern ahead of the central bank meeting tomorrow. The latest survey of businesses showed a decline in activities and indicated recessionary trend in the region. Central banks in Europe and UK are set to hold rates at meeting tomorrow.

World Markets Consolidate, Auto Sales Exceed Expectations

Bikram Pandey
02 Oct, 2012
New York City

Wall Street gains evaporated after hopes of immediate bailout for Spain receded. Markets consolidated recent gains after indexes surged more than 6% in the last five weeks and broader indexes gain more than 14% in the year.

Wiley to Purchase Deltak.edu for $220 Million

Devan Biswas
02 Oct, 2012
New York City

John Wiley said it agreed to acquire online education service provider Deltak.edu for $220 million.

Early Gains in New York Evaporate

Nichole Harper
02 Oct, 2012
New York City

Wall Street edged lower after opening sharply higher as Fed Chairman Bernanke offered cautious views on the economy. Investors look ahead at the meeting of central banks this week. Chrysler led September sales with a rise of 12%.

Spanish Bailout Hopes Extend European Markets

Devan Biswas
02 Oct, 2012
New York City

European markets extended gains for the second day on the hopes that Spanish bailout is in works and may be finalized as early as this weekend. Greece and troika inspectors struggled to finalize austerity steps before the release of next bailout tranche. The euro edged higher from a three-week low.

Wall Street Higher on Manufacturing Rebound, Retailers Add Seasonal Staff

Nichole Harper
01 Oct, 2012
New York City

Stocks on Wall Street advanced after the latest manufacturing survey indicated a rebound and new orders index also gained in September. Macy

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