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Wall Street Remains Closed for Second Day

Bikram Pandey
30 Oct, 2012
New York City

Stock exchanges and Wall Street was closed for the second day in a row. Lower Manhattan, where the New York Stock Exchange is located, is struggling with widespread salt water flooding and power outages that may cripple the activities for days to come.

U.S. Movers: Archer-Daniels, Cardinal Health, Ecolab, Ford, Johnson Controls

Mukesh Buch
30 Oct, 2012
New York City

Archer-Daniels first quarter net plunged 60%. Cardinal Health net soared 15% and reaffirmed fiscal outlook. Ecolab third quarter net jumped 54% but lowered 2012 guidance. Ford third quarter net declined 18% and Johnson Controls fourth quarter net swung to loss.

Nikkei in 3-day Slump, BoJ Expands Asset Purchase Program

Nigel Thomas
30 Oct, 2012
New York City

The Nikkei index in Tokyo declined for the third day and dropped to its one-month average after Bank of Japan announced the widely expected asset purchase program increase. The central bank also left its target rate range between zero and 0.1%.

Australian Insurers Worry Sandy Losses, Virgin in Alliance with Etihad

Marcus Jacob
30 Oct, 2012
New York City

Australian stocks struggled to advance and investors looked in international markets for direction. Virgin Australia announced a far reaching alliance with Singapore Airlines, Etihad and Air New Zealand and sold 10% stake to Singapore Airlines.

UBS to Slash 10,000 Jobs, Bayer Agrees to Acquire Schiff for $1.2 B

Arthi Gupta
30 Oct, 2012
New York City

The European indexes rose on upbeat corporate earnings. German jobless rate remained unchanged at 6.9% in October and UBS plans to slash 10,000 jobs. Bayer HealthCare agreed to acquire Schiff Nutrition for $1.2 billion.

Europe Movers: Deutsche Bank, UBS, Imperial Tobacco, BP, Software AG

Arthi Gupta
30 Oct, 2012
New York City

Deutsche Bank net revenues rose 18% to

Hurricane Sandy Forces Wall Street Trading Closure

Nichole Harper
29 Oct, 2012
New York City

Financial markets in New York were closed today after Hurricane Sandy gathered storm and regulators and government officials prepare for one of the worst storms in decades.

Nikkei in Tokyo Struggles, Honda Lowers Outlook by 20%

Nigel Thomas
29 Oct, 2012
New York City

Stocks in Tokyo were under pressure after Honda lowered its annual income outlook by 20%. Several Japanese companies have cut profit outlook after extended boycott of Japanese products in China dragged sales. NTT DoCoMo lowered its annual net outlook by 9%.

U.S. Movers: Boardwalk Pipeline, Compass Minerals, Harris, Loews, UDR

Mukesh Buch
29 Oct, 2012
New York City

Boardwalk Pipeline third quarter net surged 25% on storage revenue. Compass Minerals quarterly net plunged 73% on lower sales and Harris first quarter net swung to $85.8 million loss. Loews third quarter net climbed 9% to $177 million.

Australian Markets Consolidate, Vodafone to Slash 500 Jobs

Marcus Jacob
29 Oct, 2012
New York City

Australian market indexes opened higher but trimmed gains at close. Vodafone Hutchison Australia, the struggling telecom operator plans to eliminate 500 positions or nearly 10% of its total staff.

ECB Seeks Sovereign Budget Oversight, Spanish Retail Sales Plunge

Arthi Gupta
29 Oct, 2012
New York City

The European indexes edged lower. Spanish retail sales plunged in September and the UK home prices eased in October. Penguin and Random House agreed to combine their businesses.

Pearson and Bertelsmann in a Book Joint Venture

Arthi Gupta
29 Oct, 2012
New York City

Pearson and Bertelsmann agreed to combine Penguin and Random House in a newly-created joint venture named Penguin Random House to create the world

Europe Movers: Assa Abloy, Linde, Pearson, Serco, TNT Express, UBS

Arthi Gupta
29 Oct, 2012
New York City

Pearson sales increased 5% and Sartorius operating earnings surged 22.7% to

U.S. and Global Markets in Weekly Losses, Earnings in Focus

Bikram Pandey
26 Oct, 2012
New York City

Indexes in Wall Street struggled to stay in the positive zone. For the week, the Nasdaq Composite index declined 0.4% and the S&P 500 index fell 1.6%. Investors focused on earnings and Amazon, Expedia, Goodyear Deckers Outdoor and CA were in focus.

Nikkei Falls from 4-Week High; Fanuc, NTT DoCoMo, Canon Cut Outlook

Nigel Thomas
26 Oct, 2012
New York City

Nikkei index in Tokyo turns lower from the four-week high after Asian markets drop and more companies report weak earnings outlook. Fanuc lowered its earnings outlook for the current year by 2% and NTT DoCoMo cut its estimate by 9%. Panasonic is expected shrink its mobile business.

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