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IMF Approves

Arthi Gupta
16 Mar, 2012
New York City

European indexes gained after the International Monetary Fund approved a

Wall Street Rally Lifts S&P 500 Index Above 1,400

Bikram Pandey
15 Mar, 2012
New York City

U.S. indexes advanced and the S&P 500 index and the Nasdaq added 0.5%. The S&P 500 index crossed 1,400 for the first time since June 2008. The European indexes also extended rally with the benchmark index in Germany up 21% in the year so far.

U.S. Movers: AMC Networks, Cisco, Guess, Ross Stores, Cato, Vera Bradley

Mukesh Buch
15 Mar, 2012
New York City

Radvision td gained 4% after it agreed to a merger with Avaya Inc for $230 million. Guess plunged 11% after it reported weaker than expected revenues. Ross Stores fourth quarter net increased 19%. Eagle Bulk Shipping dropped 9%. Scholastic Corp lifted its 2012 outlook.

Jobless Claims at 4-year Low, Cisco in $5 Billion NDS Deal

Nichole Harper
15 Mar, 2012
New York City

U.S. stocks traded sideways in early trading after jobless claims dropped to a 4-year low, producer prices increased 0.4% in February and manufacturing in the Northeast advanced. Foreclosure filings declined 8% in February.

Nikkei Extend 8-month Rally; Mazda Motor Soars 6%

Nigel Thomas
15 Mar, 2012
New York City

Stocks in Tokyo closed higher for the third day in a row and extended eight month high as the yen dropped to a 11-month low. Mazda Motor soared after its newly released sports utility vehicle exceeded monthly sales target.

Australian Stocks Ease; Myer Net Drops 20%

Marcus Jacob
15 Mar, 2012
New York City

Australian stocks eased after rallying the past week. Caution prevailed after comments from China suggested that the fast rising nation may need to embrace lower economic growth. Myer, the retail chain reported 20% decline in net income in the first half.

France, Spain Sell

Arthi Gupta
15 Mar, 2012
New York City

European indexes gained after France and Spain sold bonds today at lower borrowing costs. Employment in the euro area fell in the fourth quarter and the SNB held rates.

Five-day Stock Rally Halts in New York; Gold Plunges 3.4%

Bikram Pandey
14 Mar, 2012
New York City

U.S. indexes rested after advancing for five days in a row that sparked a world markets rally. Banks were in focus after Fed released results of the latest stress test. Gold dropped more than 3% but crude oil hovered $100 in New York trading.

U.S. Movers: AAON, Blyth, FXCM, Guidewire Software, LSI Corp.

Mukesh Buch
14 Mar, 2012
New York City

Blyth fourth quarter net increased 17% to $25.6 million. Central Vermont fourth quarter net fell to $5.1 million. Encyclopedia Britannica discontinue its printed edition. FXCM fourth quarter net grew to $21 million. Progressive Corp. February net income declined 7% to $106.3 million.

UK Jobless Claims Climb, Unemployment Rate at 8.4%

Arthi Gupta
14 Mar, 2012
New York City

The UK indexes advanced tracking U.S. and European markets. The number of people claiming jobless allowance in the UK rose more than estimated in February. Tullow fiscal 2011 sales and pre-tax profit surged. Legal & General soared 5.4%.

Nikkei Above 10,000, Yen Drops to 10-month Low

Nigel Thomas
14 Mar, 2012
New York City

The benchmark index Nikkei in Tokyo jumped 1.5% and closed above 10,000 for the first time in seven months. Weakening yen and improving U.S. economic outlook lifted the index as fund managers prepare for the end of fiscal year.

U.S. Deficit Widens, Import Prices Rise; World Markets Rally

Arthi Gupta
14 Mar, 2012
New York City

U.S. indexes traded sideways after mortgage applications fell for the fifth consecutive week, current account deficit widened in the fourth quarter, and import prices rose in February. Chesapeake to develop the largest integrated midstream services complex in eastern Ohio for $900 million.

Australian Indexes at 2-week High; New Home Starts Drop 12.8%

Marcus Jacob
14 Mar, 2012
New York City

Australian stocks traded near a 2-week high following a rally in international markets. New home starts fell sharply in the final quarter and for all of 2011 dropped 12.8%. Fortescue Metals Group plans to raise $1 billion in a bond offering to fund expansion.

Euro Area Inflation at 2.7%; Swiss Sentiment Improves

Arthi Gupta
14 Mar, 2012
New York City

The euro area annual inflation remained flat in February but industrial output rebounded in January. Swedish jobless rate fell in February. Swiss sentiment improved in March.

Greece Wins Bailout; Italian Bond Yields Fall in Auction

Arthi Gupta
14 Mar, 2012
New York City

European indexes extended gains after euro area countries approved a second bailout package for Greece today. Fitch upgraded Greece''s long-term foreign and local currency debt ratings. Italy sold

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