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U.S. Movers: Adtran, Hhgregg, Oracle, Tech Data, Unit Corp

Mukesh Buch
11 Jul, 2012
New York City

Adtran second quarter net declined 43%. Hhgregg lowered its quarterly and annual net outlook. Tech Data agreed to buy Brightstar Corp. for $165.6 million. Unit Corp acquires certain assets of Noble Energy for $617.1 million.

German Inflation Eases, French Current Account Deficit Narrows

Arthi Gupta
11 Jul, 2012
New York City

French current account deficit narrowed and Spanish leading indicator index fell in May. Inflation in Germany eased but in Hungary rose in June and the Czech unemployment rate dropped in June.

Spain Unveils

Arthi Gupta
11 Jul, 2012
New York City

The European indexes traded mixed and Spain announced new

Nikkei Slides Ahead of BoJ Meeting

Nigel Thomas
11 Jul, 2012
New York City

Stocks in Tokyo extended losses for the fifth day and the yen traded at 97 against euro and 79.21 against a dollar as the currency continued its advance for the last five weeks. Electronic chip equipment makers dropped after sales warning from Applied Materials.

Australian Index in 5-Day Slump, Telstra Shines

Marcus Jacob
11 Jul, 2012
New York City

Australian stocks closed lower for the fifth day and investors awaited more economic data from China. Stocks in resource sector declined for the third day in a row and Telstra extended annual gain to 12% and traded at 40-month high.

Tech Stocks Weak, Euro at 2-year Low; Oil Extend Losses

Bikram Pandey
10 Jul, 2012
New York City

Stocks in New York turned lower after tech companies issued cautious outlook. AMD reported lower chip sales and Applied Materials lowered annual outlook. European leaders took steps to expedite the rescue of Spanish banks but bond yields failed to materially weaken.

U.S. Movers: Alcoa, Applied Materials, A. Schulman, Shaw Group

Mukesh Buch
10 Jul, 2012
New York City

Alcoa second quarter net swung to loss and Applied Materials lowered its annual outlook. Helen of Troy first quarter net slumped. Shaw Group third quarter loss narrowed. Wolverine second quarter net slid and reaffirms fiscal outlook.

UK Deficit Narrows, Diamond Forfeits

Arthi Gupta
10 Jul, 2012
New York City

The UK indexes advanced after Spanish concerns eased for now. UK retail sales climbed in June and production improved and deficit narrowed in May. Barclays former CEO Bob Diamond agreed to give up his bonus but will keep his salary.

Nikkei in 4-day Slump; Nikon Plunges 7%

Nigel Thomas
10 Jul, 2012
New York City

The benchmark Nikkei index in Tokyo fell for the fourth day and wiped off the gains of the month after Chinese international trade data fell short of expectations. Bank of Japan is schedule to release its measures later in the week.

Wall Street Opens Higher after Spanish Deal

Arthi Gupta
10 Jul, 2012
New York City

U.S. indexes traded higher in cautious trading after ministers in the euro zone agreed to release bailout funds of

Australian Markets in 4-Day Decline, IAG Targets Asian Growth

Marcus Jacob
10 Jul, 2012
New York City

Australian stocks traded lower for the fourth day in a row after investors focused on the latest imports growth from China. The dollar held firm. IAG said it plans to target markets in India, Indonesia and Malaysia to drive its future growth.

French, Dutch and Swedish Production Declines

Arthi Gupta
10 Jul, 2012
New York City

French, Swedish and the Netherlands output fell in May. Norwegian inflation remained stable but Romanian consumer price index increased in June.

Small Decline in Spanish Yields after Euro Zone Agreement

Arthi Gupta
10 Jul, 2012
New York City

The euro area finance ministers approved the releasing of

UK Official Offers Unconvincing Libor Manipulation Testimony

Arjun Dave
09 Jul, 2012
New York City

Deputy Governor of the Bank of England Paul Tucker defended his role in the widening Libor scandal investigation but failed to convince skeptics. His weak defense raised more questions about the role of central bankers and regulators at the height of the 2008 crisis.

U.S. Stocks Fall on Earnings Jitters, Euro Worries

Bikram Pandey
09 Jul, 2012
New York City

Market indexes in New York traded lower ahead of earnings season and weak economic data from China, Japan and the euro zone. Merger deals of at least $7 billion were announced today and commodities staged a slight rebound. German yields turn negative.

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