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China Worries Drag European Indexes; Spain Sells

Arthi Gupta
20 Mar, 2012
New York City

European indexes fell after economic slowdown in China begins to register in latest data. Greece received the first tranche of new bailout aid. Spain raised

World Markets Edge Lower; U.S. Home Starts Fall

Nichole Harper
20 Mar, 2012
New York City

U.S indexes weakened after world markets indexes declined on the rising concerns about China

BHP, Rio Cautious on Chinese Iron Ore Demand; Australian Stocks Weak

Marcus Jacob
20 Mar, 2012
New York City

Australian stocks edged lower and five-month old rally in stocks appears to be losing steam. Resource stocks were weak after cautious comments at from BHP and Rio Tinto at an industry conference.

S&P 500 at 4-year High; Apple Soars to a New Peak

Bikram Pandey
19 Mar, 2012
New York City

U.S. indexes extend five-month rally and the S&P 500 index closed at a 4-year high. Crude oil, gold and copper traded higher. Apple Inc gained 2% to a new high and announced plans to distribute $45 billion over the next three years.

U.S. Stocks Flat; Apple to Pay Dividend, Buy Back Stock

Nichole Harper
19 Mar, 2012
New York City

U.S. stocks were flat and commodities were on the rise. Home builder confidence was steady in March after rising for five months in a row but and was at its highest since June 2007. U.S. sold off the final tranche of mortgage securities it purchased to save Fannie and Freddie during the 2008 crisis.

Nikkei Extends Rally to 5th Day; Marubeni in a Wind Power Deal

Nigel Thomas
19 Mar, 2012
New York City

Stocks in Tokyo advanced for the fifth day in a row and the yen struggled near 11-month low. Utilities were in focus after Osaka City is said to demand Kansai Electric to shutdown all 11 nuclear power plants. Marubeni is in a deal buy wind power engineering company.

U.S. Movers: AboveNet, InterOil Corp., U.P.S.

Mukesh Buch
19 Mar, 2012
New York City

AboveNet agreed to be acquired by Zayo Group for $2.2 billion. Hastings Entertainment fourth quarter net loss swung to $8.4 million and InterOil Corp. fourth quarter net income swung to $13.2 million. United Parcel Service agreed to acquire TNT Express N.V. for $6.8 billion in cash.

Australian Stocks Advance; David Jones Halted

Marcus Jacob
19 Mar, 2012
New York City

Australian markets advanced on the rising commodities prices and comments from the IMF chief. David Jones halted stock ahead of the strategic review. Qantas unions campaign to save jobs at three aircraft maintenance facilities.

European Indexes Lower; UPS Acquires TNT Express in $6.77 B Deal

Arthi Gupta
19 Mar, 2012
New York City

European indexes edged lower on global economic worries and the euro area construction output fell in January but UK home prices rose in March. UPS agreed to acquire TNT Express in $6.77 billion cash.

World Indexes Extend Weekly Gains; Oil Above $107

Bikram Pandey
16 Mar, 2012
New York City

U.S. indexes were little changed and the Nasdaq extended weekly gain to a new high in the last twelve years. Global indexes closed at a 30-week high. The crude oil price in the last three months contributed to the gain in consumer prices. India plans to increase 18% spending in the next fiscal year.

India Proposes Higher Spending, Borrowing and Taxes in Union Budget

Devan Biswas
16 Mar, 2012
New York City

Finance Minister Pranab Mukherjee unveiled central government budget for the next fiscal year that will increase government spending by 18%, raise government borrowings by 7% and proposes to retroactively tax overseas mergers that involve Indian assets.

U.S. Movers: ATP Oil & Gas, Dole Food, J. Alexander

Mukesh Buch
16 Mar, 2012
New York City

ATP Oil & Gas revenue increased production volumes and higher oil prices. Dole Food rose after higher volume of sales. Excel Maritime reports profitable quarter. J. Alexander

CPI Rises on Sharp Jump in Gasoline Prices; Sentiment Weakens

Nichole Harper
16 Mar, 2012
New York City

U.S. stocks wavered in early trading after consumer price index increased 0.4% in February and confidence edged lower in March. Bank stocks were in focus after investors reassessed the data from the latest stress tests from the Fed. Crude oil prices rose and Treasuries edged lower.

Nikkei Rally Extend to Fourth Day, Yen Trends Lower

Nigel Thomas
16 Mar, 2012
New York City

Stocks in Tokyo rallied for the fourth day in a row as the yen hovered near the 11-month low. Freight shipping companies gained after the rate index jumped and automotive tire makers declined after the natural rubber industry association forecasted a shortage.

Australian Stocks Rest; Real Estate Stocks Decline

Marcus Jacob
16 Mar, 2012
New York City

Australian stocks eased in a listless trading and the benchmark indexes gained 1.5% in the week. Australian indexes lag the latest global markets momentum in the last six weeks. Resources linked stocks were mixed but banks were under pressure.

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