Marcus Jacob
24 May, 2012
New York City
Australian stocks eased as resource prices fell and crude oil declined below $90 a barrel. Qantas plans to add 90,000 new seats capacity in the next two months mostly on the domestic routes. Australian dollar traded at a six month low as bonds floated in Japan are scheduled for a rollover this week.
Arthi Gupta
24 May, 2012
New York City
European markets traded higher as leaders failed to agree on a plan to revive growth in the region. German business confidence fell more than estimated in May manufacturing and services sector shrank. The UK economy contracted more than expected in the first quarter.
Mukesh Buch
23 May, 2012
New York City
American Eagle first quarter net rose 6% and lifted outlook. Analog Devices second quarter net plunged 33% on weak revenue. Bank of Montreal second quarter net soared 27% to $1.03 billion. Dell first quarter net declined 33% to $635 million.
Bikram Pandey
23 May, 2012
New York City
World markets felt the pain of the rising probabilities of Greek exit from the euro zone as leaders in Europe gather. The widespread loss around the globe dragged indexes in the U.S. down 1.5% and in Europe between 2% and 3.6%. Oil and gold fell and yields of German and U.S. bonds dropped near lows.
Nigel Thomas
23 May, 2012
New York City
Stocks in Japan fell sharply after the central bank left its interest rate range and asset purchase program intact but shifted its stance from the monetary policy easing. Exporters and automakers fell. Mazda Motor Corp gained on the prospect of a strategic deal with Fiat SpA.
Arthi Gupta
23 May, 2012
New York City
U.S. and global indexes slumped as Greece and Europe bond stress regained investor focus. Google completed acquisition of Motorola Mobility. Scotiabank agreed to sell Scotia Plaza for approximately $1.27 billion.
Marcus Jacob
23 May, 2012
New York City
Australian stocks fell on the rising worries in the euro zone and faltering growth of imports from China. Australian dollar declined to a new low for the year. Myer slumped 8% after the retailer reported weaker than expected sales and earnings and lowered its annual outlook.
Arthi Gupta
23 May, 2012
New York City
The European indexes slumped 2% as European leaders gather in Brussels to discuss Greece and possible growth measures and consumer sentiment in Italy dropped to the lowest on record. The UK retail sales fell in April. Cove Energy accepted
Bikram Pandey
22 May, 2012
New York City
U.S. stocks struggled to hold gains and previously occupied home sales increased 4.3% in April and median home price jumped. The broad increase in home sales lifted sentiment but caution prevailed after growth outlook in Europe was lowered. SAP AG agreed to acquire Ariba for $4.3 billion.
Mukesh Buch
22 May, 2012
New York City
AutoZone third quarter net increased 9% to $248.6 million. Best Buy first quarter net declined 25% to $158 million. Edgar Online agreed to be acquired by Donnelley for $70.5 Million. Medtronic fourth quarter net soared 28% to $991 million. Ralph Lauren fourth quarter net surged 29% to $94.4 million.
Arthi Gupta
22 May, 2012
New York City
The European indexes gained more than 1% and the OECD lowered euro area growth forecast and Greece is expected to extend recession in the sixth year in 2013. The UK annual consumer price inflation eased in April. Accor agreed to sell Motel 6 to Blackstone for $1.9 billion.
Nigel Thomas
22 May, 2012
New York City
Stocks in Tokyo extended gains for the second day in a row and exporters were in focus after the yen weakened a fraction and political leaders in the euro zone and China supported growth measures. Resources linked companies closed higher. Renesas Electronics is planning to cut 15% of its workforce.
Marcus Jacob
22 May, 2012
New York City
Australian index gained more than 1% and the dollar traded below the U.S. dollar parity. Leighton Holdings, the global infrastructure group reiterated its annual earnings outlook between $400 million and $450 million. GrainCorp lifted its annual earnings estimate by as much as 11%.
Arthi Gupta
22 May, 2012
New York City
U.S. indexes traded higher after retailers reported better than expected earnings but caution prevailed after the estimate of growth in the euro zone were lowered and Japan debt rating was lowered. BestBuy, AutoZone and Williams Sonoma reported better than expected earnings.
Bikram Pandey
21 May, 2012
New York City
U.S. indexes gained after trading at a 4-month low on Friday. Political leaders in Europe ratcheted up rhetoric of supporting Greece in the euro zone and China said it will support more growth measures. Merger deals of $25 billion were announced today.
