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Australian Stocks Rebound on Earnings; Westfield, Commonwealth Bank Rise

Marcus Jacob
15 Feb, 2012
New York City

Australian stocks edged higher after a flood of earnings. The largest Australian bank Commonwealth Bank reported earnings rise of 7% and retail mall developer Westfield Group said annual net soared 44% from a year ago. Fortescue Metals said first half net more than doubled.

Wall Street Turns Cautious; Greek Worries Mount

Bikram Pandey
14 Feb, 2012
New York City

U.S. stocks declined after soft retail sales in January and rising import prices. Investors were also concerned as euro zone ministers demand more conditions ahead of Greek bailout. L

U.S. Stocks Weak On Softer Retail Sales, Import Prices Rise

Nichole Harper
14 Feb, 2012
New York City

U.S. stocks traded lower and declined from the high of seven-month after retail sales were softer than expected. The broader indexes have jumped more than 25% in the rally that began in October. Banks were among the leading decliners.

U.S. Movers: Avon, BorgWarner, Fossil, HCP, Omnicom, Watson

Mukesh Buch
14 Feb, 2012
New York City

BorgWarner fourth quarter net increased to $122 million. Omnicom quarterly net increased 10% on 7.4% rise in sales. Watson Pharmaceuticals fourth quarter net surged to $94.8 million.

European Bond Yields Ease; L'Oreal, Deutsche Boerse Up

Devan Biswas
14 Feb, 2012
New York City

European markets turned higher after successful bond auctions from Greece, Spain, Italy and Belgium and German bund futures reversed earlier losses to turn positive. German economic sentiment improved in February but Greek economy shrank at annual rate of 7% in the final quarter of 2011.

Bank of Japan Expands Stimulus Program, MS&AD Estimates Loss

Nigel Thomas
14 Feb, 2012
New York City

Stocks in Tokyo trading staged a reversal after the Bank of Japan expanded its asset purchase and lending program by $130 billion to $835 billion. Sumitomo Rubber gained on higher than expected income. MS&AD declined on sharply higher loss linked to Thai floods.

Australian Stocks Ease; News Corp Faces Inquiries

Marcus Jacob
14 Feb, 2012
New York City

Stocks in Sydney trading closed lower on a weakness in resource sector and banking stocks. Tabcorp Holdings plans to raise $200 million in a debt offering. News Corp faces more inquiries after unearthing of evidence that linked James Murdoch to the wider hacking practice.

Domestic Focus Lifts U.S. Indexes; Oil Above $100

Bikram Pandey
13 Feb, 2012
New York City

U.S. stocks traded higher after indexes declined for the first time last week as investors focused on domestic earnings and events. Industrials, energy and technology sectors led the broad rally today. Oil jumped above $100 on new tension linked to Iran and Saudi Arabia.

Ryan Says Obama Budget Hollows Defense and Massive Taxes on Families

Arjun Dave
13 Feb, 2012
New York City

President Obama proposed tax incentives for manufacturing and a large corporate tax overhaul that could lower maximum tax rate and levy minimum taxes on filers with more than $1 million of income. Republicans vowed to stymie the plan that cuts the military spending by only 1%.

U.S., World Markets Advance on Greek Vote

Nichole Harper
13 Feb, 2012
New York City

U.S. indexes traded higher on the first day after Greek lawmakers approved additional austerity measures and the euro advanced. Commodities and oil edged higher. Republican lawmakers gird for a fight the fiscal 2013 budget that cuts defense spending by only 1% and closes corporate loopholes.

U.S. Movers: Chesapeake, Diebold, Regeneron Pharmaceuticals, Grainger

Mukesh Buch
13 Feb, 2012
New York City

Chesapeake Energy will raise $10 billion to $12 billion from asset sale. Diebold fourth quarter net income swung to $79.8 million and Regeneron Pharmaceuticals fourth quarter net loss widened to $53.4 million. W.W. Grainger said January sales increased 17%.

Greek Parliament Approves Additional Austerity; Italian Yields Fall

Devan Biswas
13 Feb, 2012
New York City

European markets advanced after Greek lawmakers approved deeply unpopular economic measures as people rioted on the streets of Athens. Italy completed the short term debt sale of

Japanes Economy Shrank 0.6%; Tepco Estimates Higher Loss

Nigel Thomas
13 Feb, 2012
New York City

The Nikkei index gained after losses for two days in a row. The GDP in December quarter shrank at 0.6% on weaker than expected exports. Fanuc advanced after the company plans to double its machine tools capacity at a plant near Tokyo. Tepco estimated higher loss.

Australian Stocks Higher; ANZ Lifts Rates, NAB Cuts Jobs

Marcus Jacob
13 Feb, 2012
New York City

Australian stocks traded higher on the hopes that Greek Parliament approval will contain the debt contagion in Europe. ANZ was the latest bank to break ranks with the RBA and increase rates and NAB announced job cuts but failed to trim executive salaries and bonuses.

World Markets Slump on New Greek Worries

Bikram Pandey
10 Feb, 2012
New York City

World markets slide after Greek turmoil put investors on edge. Market indexes in Europe and in New York dropped 1% or more and commodities declined. The U.S. trade deficit surged on rising imports from China and growing purchase of crude oil.

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