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U.S. Indexes Struggle; Flat Earnings at Time Warner, CVS, Ralph Lauren

Arthi Gupta
08 Feb, 2012
New York City

The U.S. indexes traded higher on the hopes that Greek negotiations will end as political parties end their differences. U.S. mortgage applications rose 7.5% last week. CVS Caremark, Ralph Lauren and Time Warner reported flat income growth and Sprint Nextel loss widened.

German Exports Slump 4.3%; France Sentiment Stable

Arthi Gupta
08 Feb, 2012
New York City

German exports slumped, and the Danish and Hungarian surplus declined in December. French business sentiment remained stable in January. The National Bank of Poland and Iceland left rates unchanged.

BHP Billiton Profit Falls 6% to $9.94 Billion, Australian Stocks Rise

Mukesh Buch
08 Feb, 2012
New York City

BHP Billiton, the largest Australian company reported earnings declined 6% in the six month period on the fall in iron ore prices and rising operating costs. Separately, Rio Tinto announced expansion of $3.4 billion in Western Australia. In trading, Australian stocks advanced.

European Markets Rise Despite Greek Economic Collapse

Arthi Gupta
08 Feb, 2012
New York City

European markets gained as Greek economy deteriorates and Germany sold

Dow Inches to 2008 High, Nasdaq at New Peak in a Decade

Bikram Pandey
07 Feb, 2012
New York City

U.S. stocks traded higher as investors focused on the earnings from global corporations Yum Brands, Becton Dixon, Coca-Cola and Arcelor Mittal. The merger agreement between Glencore and Xstrata received lukewarm reception from minority shareholders.

UK Retail Sales Ease; GSK Swings to Profit, BP Hikes Dividend

Arthi Gupta
07 Feb, 2012
New York City

The UK indexes slid and crude oil was in focus as the European markets turned cautious as Greek negotiations dragged on. Retail sales in the United Kingdom eased in January. BP quarterly net soared 38% and GlaxoSmithKline swung to profit.

U.S. Movers: Anadarko, Becton, Emerson Electric, Coca-Cola, YUM!

Mukesh Buch
07 Feb, 2012
New York City

AGCO fourth quarter net surged to $285.2 million and Anadarko fourth quarter net loss swung to $358 million. Emerson Electric first quarter net slumped 23% to $371 million. Coca-Cola fourth quarter net declined 71% to $1.65 billion.

Greek Worries Drag U.S., Global Indexes; Coca-Cola Net Slumps 71%

Arthi Gupta
07 Feb, 2012
New York City

The U.S. indexes fell on the ongoing euro zone debt crisis and protracted Greek negotiations. Tensions rose in the Middle East as Western nations accelerate spy activities in Syria and the U.S. freeze Iranian sanctions. Coca-Cola quarterly earnings slumped 71% and Toyota lifted its annual view.

Japan Tobacco Lifts Dividend; Toyota Quartely Net Drops 57%

Nigel Thomas
07 Feb, 2012
New York City

Stocks in Japan traded sideways after Japan Tobacco lifted its annual outlook and Dainippon Screen Manufacturing indicated weak orders in the current quarter. After the close, Toyota Motor reported better than expected unit sales and rising revenues.

Glencore, Xstrata in Largest Mining Merger; UBS Net Plunges 76%

Arthi Gupta
07 Feb, 2012
New York City

European markets edged lower after Greece sold

German Output Falls 2.9%; French Deficit Inches Higher

Arthi Gupta
07 Feb, 2012
New York City

German production declined, Norwegian manufacturing production rose and French trade deficit increased in December. Swiss foreign exchange reserves drop and Swedish deficit was higher than expected in January.

Australian Rates on Hold at 4.25%, Record Aussie Dollar

Marcus Jacob
07 Feb, 2012
New York City

Reserve Bank of Australia left its key lending rate on hold as the mining sector revs up spending and inflation remains within the target range. The Australian dollar rose to a record high against the euro and 27-year high against the UK pound. Cochlear jumped on lower than expected annual loss.

World Stocks Gyrate With Greece and Iran in Focus

Bikram Pandey
06 Feb, 2012
New York City

U.S. stocks edged lower in a cautious trading as politicians in Europe struggle to devise Greek debt restructuring. President Barack Obama ordered a freeze on all assets controlled by Iranian government and financial institutions. Oil fell a fraction.

U.S. Stocks Fall, Euro Weakens; Verizon in Video Venture

Nichole Harper
06 Feb, 2012
New York City

U.S. index declined after Greek negotiations worries overwhelmed earnings reports. Fidelity National offered to acquire casual restaurant chain O

Greek Negotiations Drag on Labor Reforms; Xstrata, Glencore Merger Talks

Devan Biswas
06 Feb, 2012
New York City

European markets eased as all eyes were focused on the Greek negotiations. Political leaders of France and Germany pressed Athens for quick actions and said time is running out as Greek politicians held firm on labor reforms. Xstrata and Glencore are expected to announce a deal as early as tomorrow.

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