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UK Jobless Claims Fall, Carlsberg Net Rises

Arthi Gupta
15 Aug, 2012
New York City

The European indexes edged lower in weak trading across the region. The UK jobless claimant count fell unexpectedly in July. Hungarian production eased in June. Lloyds Banking agreed to sell a portfolio of private equity investments for

NY Settles Stan Chat Probe for $340 M, Internet Stocks Down

Bikram Pandey
14 Aug, 2012
New York City

U.S. stocks gained after retail sales increased the most in four months. However, euro zone economies struggled in the second quarter. In trading, Internet stocks were in focus after Groupon plunged 23% and Yelp, Angies List and Facebook extended losses. New York settles Standard Chartered probe.

Stocks in Tokyo Rebound; Toshiba, Softbank, All Nippon Air in Focus

Nigel Thomas
14 Aug, 2012
New York City

Stocks in Tokyo traded higher for the first time in three days as most investors stayed away for a weeklong holiday. Investors focused on international events after the winding down of the earnings season and the lack of domestic economic news.

Australian Movers: Aquila, Carsales.com, NAB, Sing Tel, Telstra

Marcus Jacob
14 Aug, 2012
New York City

Australian indexes closed higher and the dollar edged lower after the latest batch of earnings lifted market sentiment. International worries linked to China, Japan and the euro zone restrained market advance.

Kors Surges 14%, Groupon Plunges 23%

Nichole Harper
14 Aug, 2012
New York City

The daily-deals site operator Groupon Inc plunged 23% after it issued a cautious earnings outlook. The designer apparel maker Michael Kors soared 14% after it reported a sharp upswing in earnings. Home Depot gained after the retailer reported better than expected earnings. TJX was flat.

Wall Street Opens Higher on Retail Sales Report

Arthi Gupta
14 Aug, 2012
New York City

U.S. indexes edged higher after retail sales rose unexpectedly and PPI climbed in July. Scotiabank agreed to acquire a 51% stake in Colombia-based Colfondos AFP. Teleflex agreed to acquire assets of LMA Intnl for $276 million.

Europe Movers: A.P. Moller-Mersk, CRH, Hochtief, TUI

Arthi Gupta
14 Aug, 2012
New York City

Sky Deutschland second quarter revenues increased driven by the 14% increase in subscribers and an ARPU growth. RWE earnings remained flat, Nordex sales grew and Salzgitter swung to loss in the first-half. TUI third quarter operating earnings climbed 6%.

Economic Growth in Germany Slows and in France and Italy Shrinks

Arthi Gupta
14 Aug, 2012
New York City

The European indexes gained after the German economy expanded more than estimated in the second quarter and the activities in the euro zone declined 0.2%. The UK home prices declined in July. RWE planned to cut 2,400 positions globally.

BP Exits California Refining Business, World Markets Cautious

Bikram Pandey
13 Aug, 2012
New York City

U.S. indexes declined on weak volume after Japan reported a slowdown. BP Plc decided to exit California refining business and sold its refinery to Tesoro and sold natural gas assets to raise for $2.75 billion. Google attempted to restart its local content effort with the purchase of Frommer''s.

Australian Movers: BlueScope, JB Hi-Fi, Newcrest Mining

Marcus Jacob
13 Aug, 2012
New York City

Australian stocks closed higher after a string of earnings reports. But worries linked to China trimmed the market advance. BlueScope agreed to form a joint venture with Nippon Steel for its coated products unit. Newcrest Mining said annual profit increased 23%. JB Hi-Fi guided higher sales.

June Quarter Growth in Japan Falls to 1.4%, Nikkei Flat

Nigel Thomas
13 Aug, 2012
New York City

Japan reported a sharp decline in economic growth in the second quarter as consumer spending growth eased. Stocks were nearly flat on the hopes of additional stimulus measures. Taiheiyo Cement Co dropped 5% after quarterly profit was lower than expected.

Merrill Sells Intl Wealth Business to Baer, Google Cuts Motorola Staff

Arthi Gupta
13 Aug, 2012
New York City

Google plans to slash 20% workforce and shutter one third of offices at Motorola Mobility. BP agreed to sell Texas midstream gas assets for $227.5 million. Bank of America to sell its international wealth management businesses to Julius Baer.

Europe Movers: Colt, SolarWorld, WPP

Arthi Gupta
13 Aug, 2012
New York City

E.ON first-half sales grew 23% and net income soared. SolarWorld plunged 11% after it swung to second quarter loss. QSC slumped on weak quarterly earnings and revenue.

Greek Economy Shrinks 6.2%, Inflation in Germany Picks Up

Arthi Gupta
13 Aug, 2012
New York City

The European indexes pared losses. Italy raised

World Markets Up on Central Bank Actions Hopes for Fifth Week

Bikram Pandey
10 Aug, 2012
New York City

World markets turned gloomy after China reported weak international trade data following a series of slowing economic indicators released on Thursday. European indexes declined and stocks on Wall Street rebounded after weak opening and closed higher for the fifth week.

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