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U.S. Movers: Analog Devices, Campbell Soup, Chico

Mukesh Buch
22 Nov, 2011
New York City

Analog Devices fourth quarter net declined to $183.5 million. Campbell first quarter net decreased to $265 million. Collective Brands third quarter net loss swung to $114.3 million. Hewlett-Packard fourth quarter net declined 91% to $0.24 billion. Medtronic second quarter net soared to $871 million.

Stocks Fall After GDP Revision; IMF Opens New Credit Access

Bikram Pandey
22 Nov, 2011
New York City

Stocks turned lower in light trading in New York after the estimate of economic growth in the third quarter was lowered to 2% from 2.5%. The benchmark indexes in New York trended lower for the fifth day in a row. The IMF relaxed access to capital to member nations struggling in the euro zone.

Nikkei Extends Losses; Osaka and Tokyo Exchanges Merge

Nigel Thomas
22 Nov, 2011
New York City

The benchmark index Nikkei in Tokyo trading declined to the lowest level since March 2009 as the high yen and persistent debt worries in the euro zone and the U.S. dented hopes of higher exports. Osaka Securities agreed to merge with the Tokyo Stock Exchange.

UK Public Sector Borrowing Narrows; Thomas Cook Plunges 72%

Arthi Gupta
22 Nov, 2011
New York City

The UK indexes traded sideways and the public sector net borrowing narrowed in October. The government imposed financial restrictions on Iranian banks. Thomas Cook plunged 72% after it sought access to more cash in lean times.

Australian Indexes in 3-day Losses; Qantas Awaits Tribunal Ruling

Marcus Jacob
22 Nov, 2011
New York City

Australian stocks extended losses for the third day in a row. The benchmark index fell as banks, resource stocks and steelmaker led the decliners. Thorn Group, the retail chains operator said first half net soared 30%.

U.S., Global Indexes Rise; HP Net Slumps 91%

Arthi Gupta
22 Nov, 2011
New York City

U.S. stock futures and global indexes gained after ratings agencies left the U.S. debt rating unrevised. World Bank increased its 2011 growth forecast for China. Pfizer agreed to acquire Excaliard and Medtronic quarterly net surged 54%.

Outlook in Germany Lowered; Swiss Exports Jumps 9.5%

Arthi Gupta
22 Nov, 2011
New York City

German leading index fell in September. The unemployment rate of Sweden and Finland decreased in October and Norway''s gross domestic product expanded in the third quarter. Denmark''s consumer confidence deteriorated in November.

European Indexes Rebound After Spanish Debt Auction

Arthi Gupta
22 Nov, 2011
New York City

European indexes traded higher after Spain completed its first debt auction at a higher yield and rating agencies left U.S. debt rating unrevised. The Spanish Treasury sold

World Markets Fall on Uncertain U.S., Europe Debt Outlook

Bikram Pandey
21 Nov, 2011
New York City

Global investors sold stocks as economic worries gathered momentum. European bonds yields continued to rise and banks led the decliners after Moody

U.S. Movers: Alleghany, Gilead Sciences, Tech Data, Tyson Foods

Mukesh Buch
21 Nov, 2011
New York City

Alleghany agreed to acquire Transatlantic Holdings in cash for $3.4 billion and Gilead Sciences agreed to acquire Pharmasset Inc. for $137 a share in cash or $11 billion. Tech Data third quarter net income increased 6% to $53.5 million.

UK Indexes Drop 1.8%; Centrica Inks Deal With Statoil

Arthi Gupta
21 Nov, 2011
New York City

The UK indexes fell on the global economic outlook. The UK home prices declined in November and Ireland''s residential property price index fell in October. Centrica inked 10 year gas supply deal with Norway based Statoil ASA.

Japan's Exports Fall; Cargo Shippers at 10-year Low

Nigel Thomas
21 Nov, 2011
New York City

Stocks in Japan fell as exports in October declined and the nation swung to a deficit in the month. Bank of Japan said it purchase more stock index linked ETFs and REITs that will support equities prices. Shipping companies dropped to a new 10-year low and auto makers stocks dig deeper into losses.

Debt Commission Deadlock; Gilead Bids $11 Billion for Pharmasset

Arthi Gupta
21 Nov, 2011
New York City

U.S. debt panel is expected to not agree on deficit reduction plan as lawmakers prefer to wait till elections next year. Chevron accepted responsibility for oil spill in Brazil. Gilead agreed to acquire Pharmasset for $11 billion and Transatlantic to merge with Alleghany in $3.4 billion deal.

Australian Stocks, Dollar Decline; Qantas Talks Collapse

Marcus Jacob
21 Nov, 2011
New York City

Australian stocks edged lower after international markets declined. Japan reported declining exports to Japan and China. Qantas and unions fail to agree ahead of today

Euro Zone Current Account in Surplus; German Growth Slows

Arthi Gupta
21 Nov, 2011
New York City

Euro area current account balance swung to a surplus of

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