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U.S. Recovery Gathers Momentum

Arthi Gupta
27 Jan, 2012
New York City

The U.S. economy gathered steam and expanded at 2.8% annual rate in fourth quarter after growing at 1.8% in the third. Eastman Chemical agreed to acquire Solutia for $4.7 billion. Ford quarterly net soared and reported annual profit for third year in a row.

Italy Sells

Arthi Gupta
27 Jan, 2012
New York City

European markets traded sideways and Italy sold

Euro Area M3 Growth Eases; Spanish Jobless Rate at 23%

Arthi Gupta
27 Jan, 2012
New York City

Euro area money supply growth slowed, German import price inflation eased, and Swedish retail sales rose in December. Spanish jobless rate rose to 22.9% in the fourth quarter. Swiss leading index fell in January.

Weak Home Sales Drag U.S. Indexes Lower

Devan Biswas
26 Jan, 2012
New York City

U.S. stocks declined after new home sales fell unexpectedly in December and dropped 6.2% to a record low in 2011. However, durable goods orders and weekly jobless claims rose. AT&T sold 9.4 million smartphones in the quarter and took $4 billion charge for a failed takeover bid.

U.S. Movers: AT&T, Caterpillar, Carbo Ceramics, Netflix, SanDisk

Devan Biswas
26 Jan, 2012
New York City

Netflix soared after it stemmed subscriber loss and will delay more expansion. SanDisk Corp dropped 10% after it estimated lower than expected sales in the current year. Arctic Cat gained on stronger sales. AT&T swung to a loss on one-time charge linked to its failed T-Mobile USA takeover bid.

UK Indexes Gain 0.9%; Retail Sales Drop

Arthi Gupta
26 Jan, 2012
New York City

The UK indexes advanced and retail sales fell sharply in January. Irish wholesale inflation increased in December and Anglo American reported fourth quarter iron ore output rose.

U.S. Jobless Claims, Durable Orders Rise; Amgen in $1.2 B Deal with Micromet

Arthi Gupta
26 Jan, 2012
New York City

The U.S. indexes edged higher after weekly jobless claims and durable goods orders rose, new home sales declined and leading economic index improved. Amgen agreed to acquire Micromet for $1.16 billion.

Italy Raises

Arthi Gupta
26 Jan, 2012
New York City

European markets rallied after Italy raised

Nikkei Edges Lower; Fanuc Net Rises 22%, Tepco in Bailout Talks

Nigel Thomas
26 Jan, 2012
New York City

Stocks in Japan traded lower as commodities gained in Asian markets trading. Tepco surged on the expectations that the company will accept 1 trillion yen bailout in exchange of two thirds stake. Fanuc said nine-month earnings increased 22% and sales rose 23%.

Fed Extends Near Zero Rate to Late 2014, Greek Talks Drag

Bikram Pandey
25 Jan, 2012
New York City

The U.S. indexes traded higher after the Fed extended near zero interest rate policy to late 2014 and estimated subdued inflation for two more years. The rate setting committee members also estimated unemployment to decline slowly.

Japan Posts First Deficit in 30 Years; Yen Weakens

Nigel Thomas
25 Jan, 2012
New York City

Stocks in Tokyo trading extended gains for the seventh day in a row as resources and merchant fleet operators led the gainers. Japan reported its first trade deficit as imports surge and exports struggle after natural disasters.

U.S. Movers: Apple, Abbott, Exelon, General Dynamics, Boeing, Yahoo!

Mukesh Buch
25 Jan, 2012
New York City

Apple first quarter net more than doubled to $13.1 billion and Abbott Labs net increased 12.3% to $1.6 billion. ConocoPhillips fourth quarter net increased to $3.4 billion. Boeing fourth quarter net increased 20% to $1.39 billion and WellPoint fourth quarter net declined 39% to $335.3 million.

UK Economy Contracts 0.2%; Mortgage Approvals Climb

Arthi Gupta
25 Jan, 2012
New York City

The UK indexes edged lower after the economy contracted in the fourth quarter, services index increased more than anticipated in November and mortgage approvals rose in December. HSBC agreed to sell its retail banking and wealth management business in Thailand.

U.S. Indexes Decline; Apple Surges 7%

Arthi Gupta
25 Jan, 2012
New York City

The U.S. indexes fell after Boeing issues cautious outlook and tech stocks gained after Apple Inc reported a surge in earnings. U.S. mortgage applications slid last week. Motorola Solutions quarterly net slips and Abbott Labs quarterly sales miss estimates.

Australian Inflation Flat; Banks Advance

Marcus Jacob
25 Jan, 2012
New York City

Australian stocks gained after inflation in the December quarter was flat and trailed expectations. For the year 2011, inflation increased 3.1%. Rio Tinto confirmed its majority stake in the Canada based Ivanhoe Mines that is active in Mongolia.

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