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UK Mortgage Approvals Rise, Home Retail Plunges 11%

Arthi Gupta
02 May, 2012
New York City

The UK indexes dropped after mortgage approvals rose in March. UK construction activity eased but Irish jobless rate remained flat in April. BSkyB said nine month revenues and profit rose and distanced its self from Murdoch family. Home Retail plunged 11% on weak full year performance.

Nikkei Higher in Thin Trading, Idemitsu Kosan Up on Earnings

Nigel Thomas
02 May, 2012
New York City

Stock gains in Tokyo were limited ahead of a long weekend and elections in Europe. Exporters and auto makers were higher after the yen eased and energy sector stocks advanced after Idemitsu Kosan Co reported better than expected fiscal year earnings.

U.S. Private Sector Adds 119,000 Jobs, MasterCard Net Rises 21%

Arthi Gupta
02 May, 2012
New York City

U.S. indexes edged lower after private employment rose less than estimated in April and March estimate was lowered. Wolverine and private equity firms agreed to acquire the parent of Payless ShoeSource for $2 billion. Ascena Retail agreed to buy Charming Shoppes for approximately $890 million.

ANZ Net Up 5%, Murdoch Faces More Calls to Resign

Marcus Jacob
02 May, 2012
New York City

The Australian market index closed higher and major banks failed to pass on the latest rate cut to consumers. ANZ said first half profit increased 5% to a record high. News Corp rose on the prospect that Rupert Murdoch may be forced out after the latest UK panel report.

European Indexes Higher, UBS Net Plunges 54%

Arthi Gupta
02 May, 2012
New York City

The European market indexes advanced despite the rise in unemployment across the region and manufacturing activity shrank. UBS quarterly net plunged 54% but TNT swung to profit.

Euro Area Unemployment at 10.9%, German Manufacturing at 33-Month Low

Arthi Gupta
02 May, 2012
New York City

Jobless rate rose in the euro area and Italy in March and manufacturing activity declined in the euro-zone in April. Hungarian industrial producer price index rose from a year ago in March.

Manufacturing Report Lifts US Indexes; UK Panel Lashes Out at Murdoch, Hinton

Bikram Pandey
01 May, 2012
New York City

U.S. indexes gained after latest manufacturing report suggested was better than expected. UK panel lashed out in a critical report at Rupert Murdoch found him unfit to run a major corporation and the report was highly critical of three former executives including ex publisher of Wall Street Journal.

U.S. Movers: Archer-Daniels, Avon, Biogen, Cummins, ConocoPhillips, Pfizer

Mukesh Buch
01 May, 2012
New York City

Archer-Daniels third quarter net declined 31% to $399 million. Avon first quarter net tumbled 82% on sales fall. Cummins first quarter net surged 33% to $455 million. Pfizer first quarter net dropped 19% to $1.79 billion and Thomson Reuters climbed 25.6% to $314 million.

UK Panel Finds Rupert Murdoch Unfit, BP Net Down 18%

Arthi Gupta
01 May, 2012
New York City

The UK indexes advanced after manufacturing activity eased but Irish manufacturing dropped in April. The UK parliament panel found News Corp Chief Executive Rupert Murdoch unfit to run large multinational company. BP quarterly earnings fell 18%.

Nikkei Down 1.8%; Mitsubishi, Mitsui Pay $2 Billion for LNG Field in Australia

Nigel Thomas
01 May, 2012
New York City

Stocks in Japan dropped in thin trading after the yen strengthened. Exporters and automakers were among the leading decliners. Mitsubishi and Mitsui agreed to take the stake in Western Australia based natural gas field for $2 billion.

U.S. Indexes Sideways, PF Chang

Arthi Gupta
01 May, 2012
New York City

U.S. indexes traded sideways ahead of the manufacturing data. Mitsubishi and Mitsui agreed to buy minority stake in Australian LNG project for $2 billion. P.F. Chang''s China Bistro agrees to a leverage buyout deal of $1.1 billion.

Australian Banks Defy Latest RBA Rate Cut, Stocks Up

Marcus Jacob
01 May, 2012
New York City

Australian stocks gained after the Reserve Bank of Australia cut rates by 50 basis points. The market rally was short lived after large banks failed to follow the move. Rupert Murdoch was deemed unfit to run UK newspaper business. Woodside sold a stake in its $2 billion Browse LNG field.

U.S. Indexes Decline in April, World Markets Struggle

Bikram Pandey
30 Apr, 2012
New York City

U.S. stocks eased after Spain joined the UK and entered recession for the second time since 2009 and the U.S. business activities expanded at the slowest pace in April in three years. The benchmark S&P 500 index fell 0.8%, first decline after four months of gains.

U.S. Movers: CNA Financial, Humana, Hologic, Loews, NYSE, Barnes & Noble

Mukesh Buch
30 Apr, 2012
New York City

CNA Financial first quarter net slumped 3% to $367 million. Energy Transfer agreed to acquire Sunoco for $5.3 billion. Barnes & Noble soared on Microsoft investment. Humana first quarter net declined 21% to $248 million. Hologic acquired Gen-Probe for about $3.7 billion.

UK Home Prices Ease, Aberdeen Asset Management Revenues Up 7%

Arthi Gupta
30 Apr, 2012
New York City

The UK indexes fell after home prices eased in April. Irish loans to households dropped in March. Aberdeen first-half revenue rose 7% to

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