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J.C. Penney Sales Plunge 26%, Priceline to Buy Kayak in $1.8 B Deal

Arthi Gupta
09 Nov, 2012
New York City

World markets shift attention to unresolved U.S. and European debt problems after the U.S. elections. Priceline.com agreed to buy Kayak Software in a $1.8 billion cash and stock deal. Moneygram swung to third quarter loss. J.C. Penney quarterly sales drop 26%.

European Indexes at 2-Week Low, Iberia Plans to Cut 4,500 Jobs

Arthi Gupta
09 Nov, 2012
New York City

The European indexes edged lower to a 2-week low and Greece stepped closer to winning the next tranche of bailout after approving in a narrow vote

German Inflation Stable, French Industrial Output Falls

Arthi Gupta
09 Nov, 2012
New York City

German consumer prices climbed and Norwegian inflation rose in October. French, Italian, and Swedish industrial production fell in September.

Europe Movers: BMW, IAG, Allianz, Generali, Cr

Arthi Gupta
09 Nov, 2012
New York City

Allianz revenues rose 4.7% to

U.S. Stocks and Euro at 2-month Low

Bikram Pandey
08 Nov, 2012
New York City

U.S. indexes extended losses and trimmed annual gain to 10% as lawmakers prepare for tough budget negotiations and European nations struggle to reign debts. Apple Inc dropped 23% below from its peak as competition heats up in tablet market.

UK Home Prices Fall, New Car Registrations Rise

Arthi Gupta
06 Nov, 2012
New York City

The UK indexes climbed after production fell in September. Home prices in the UK declined but new car registrations rose in October. BG Group completed the sale of Brazil based Comg

World Markets Await U.S. Election Results, Antiquated System

Barry Randall
06 Nov, 2012
New York City

U.S. stocks closed higher on the Election Day on high voter turnout but the presidential race is close and final outcome may not be known until late tomorrow. U.S. struggles with antiquated election infrastructure that is managed by states with the lack of consistency in voting hours.

Nikkei Drops to 3-Week Low, Machinery Orders Fall 4.3%

Nigel Thomas
08 Nov, 2012
New York City

Stocks in Japan continue to drift lower and the Nikkei index dropped to a 3-week low. Machinery orders fell 4.3% in September on falling exports. Oki Electric and Citizen Holdings fell on lowered expectations but Isuzu Motor boosted annual net income outlook.

Bank of England Retains Key Rate, Irish Inflation Eases

Arthi Gupta
08 Nov, 2012
New York City

The UK indexes fell after the Bank of England left the key rate unchanged at 0.5% and maintained its quantitative easing at

U.S. Jobless Claims Fall, Trade Deficit Narrows

Arthi Gupta
08 Nov, 2012
New York City

U.S. indexes advanced and trade deficit narrowed in September to a 2-year low and jobless claims fell unexpectedly by 8,000 to 355,000 after the Superstorm Sandy disrupted businesses and distorted data. Wendy''s third quarter loss widened.

Australian Markets, Dollar Fall; Qantas to Cut 500 Jobs

Marcus Jacob
08 Nov, 2012
New York City

Australian benchmark index declined 0.7% tracking lower world markets. Resource stocks led the decliners. Qantas said it will eliminate 500 jobs in Australia as it cuts one aircraft maintenance hub.

U.S. Movers: Duke Energy, Dean Foods, FirstEnergy, Kohl

Mukesh Buch
08 Nov, 2012
New York City

Duke Energy third quarter net climbed 26% and lifted outlook. Dean Foods quarterly net swung to $36.4 million profit and FirstEnergy net jumped 20% but narrowed guidance. Kohl

U.S. Movers: AOL, CVS Caremark, DirecTV, Fossil, NYSE Euronext

Mukesh Buch
06 Nov, 2012
New York City

AOL third quarter net swung to $20.8 million profit. CVS Caremark net jumped 16% to $1.01 billion on sales growth. DirecTV third quarter net climbed 9% to $565 million as subscriber jumped. EOG Resources net slumped 34% and NYSE Euronext net declined 42% to $108 million.

U.S. Movers: Agrium, Kraft Foods, Hospira, Macy

Mukesh Buch
07 Nov, 2012
New York City

Agrium third quarter net plunged 56%. Express Scripts net surged 21%. Kraft Foods net climbed 13% to $470 million and Macy

Stronger Yen; Mixed Earnings from Chiyoda, Taiyo, Yuden

Nigel Thomas
07 Nov, 2012
New York City

The Nikkei index in Tokyo edged lower after the yen gained and another batch of weak earnings from industrial companies. Chiyoda Corp and Taiyo Yuden reported weak results.

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