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Automakers Lead Nikkei Lower in Tokyo; Another 7.1 Quake in Japan

Nigel Thomas
11 Apr, 2011
New York City

Stocks in Japan declined on the ongoing auto production worries. Automakers plan to increase production in stages from today and Sony suspended operations at a plant that makes optical parts. Northeast Japan was hit with another 7.1 magnitude earthquake at local time 5:17 pm.

Leighton to Raise $757 Million, WA Urges Caution on Woodside Takeover

Marcus Jacob
11 Apr, 2011
New York City

Australian stocks closed higher and the dollar traded at 29-year peak. Western Australia premier urged energy executives to not mount a takeover of Woodside Petroleum. Leighton Holdings is set to raise $757 million in a rights offering.

Records in Gold, Silver and Oil; World Stocks Rest

Bikram Pandey
08 Apr, 2011
New York City

U.S. stocks wavered as lawmakers struggle to balance the budget and raise debt limit. Commodities were in focus after crude oil jumped to 3-year high and gold and silver reached a new 31-year high. Google agreed to conditions laid by the Justice Department for the purchase of ITA Software Inc.

UK Stocks Advance on Miners, Brent Crude at 30-month Peak

Marcus Jacob
08 Apr, 2011
New York City

UK stocks advanced following a steady rise in commodities Resource linked stocks led the gainers after gold and silver reached a new high in three decades and crude oil gained to 30-month record above $125. Producer price increased more than estimated in March.

U.S. Movers: AZZ, Blyth, Expedia, Hercules Offshore, PriceSmart, Seagate

Mukesh Buch
08 Apr, 2011
New York City

AZZ fourth quarter net income rose to $9.2 million. Blyth fourth quarter net earnings declined to $17.7 million. Expedia plan to separate into two publicly traded companies. PriceSmart second quarter net income increased to $17.9 million. Seagate declared quarterly cash dividend of $0.18 per share.

Stocks in New York Weaken as Politics Takes Center Stage, Gold, Silver Up

Bikram Pandey
08 Apr, 2011
New York City

U.S. stocks wavered after a rally of four days and government shutdown looms midnight. Lawmakers are divided over 2011 budgetary cuts. Gold and silver trade at 31-year new high and European markets rebound after Portugal sought European Union help.

European Markets Rebound, Tighter Stress Test

Arjun Dave
08 Apr, 2011
New York City

European markets inched higher and commodities gained. Miners and banks led the gainers in the regional trading and crude oil traded above $111 a barrel. The euro firmed against the dollar.

Sensex in 4-day Decline; Maruti Suzuki, Mahindra, Bajaj Fall

Devan Biswas
08 Apr, 2011
New York City

Stocks in Mumbai declined for the fourth day in a row as crude oil soared and worries of inflation kept investors on the sidelines. Maruti Suzuki and Mahindra and Mahindra increased auto price as much as 2%. Hindustan Zinc production increase 29% and Tata Steel

Nikkei in Tokyo Soars 1.9%; Automakers, Retailers Advance

Nigel Thomas
08 Apr, 2011
New York City

The benchmark index in Tokyo soared 1.9% after opening lower. Retailers and automakers led the rally. Toyota, Honda and Nissan gained after a report suggested that exports resumed from Sendai port. Tokyo Electric Power soared 24% in a volatile trading.

New High in Australian Dollar Lifts Stocks

Marcus Jacob
08 Apr, 2011
New York City

5:00 Sydney

U.S. Stocks Turn Lower After Japan Aftershock; Records in Gold, Silver

Bikram Pandey
07 Apr, 2011
New York City

U.S. stocks turned lower after Japan was hit another quake aftershock that knocked off power at three nuclear facilities. Crude oil closed above $110 a barrel and silver inched closer to $40 level. U.S. lawmakers remain divided as the government shutdown looms next week.

U.S. Movers: Bed Bath & Beyond, Pier 1, Pep Boys, Rite Aid, Ruby, WD-40

Mukesh Buch
07 Apr, 2011
New York City

Bed Bath & Beyond fourth quarter net earnings soared 30% to $283.4 million. Movado quarterly net loss widened to $31.3 million. Pier 1 fourth quarter net income rose to $57.0 million. Rite Aid net loss narrowed to $208.1 million. Pep Boys net earnings in the quarter tripled to $8.4 million.

U.S. Stocks Flat; Jobless Claims Fall, Chain Store Sales Ahead of Expectations

Bikram Pandey
07 Apr, 2011
New York City

U.S. stocks were flat after the release of weekly jobless claims and chain store sales in March. Jobless claims declined to 382,000. Store sales were ahead of expectations despite the calendar shift and rising energy prices. Costco and Limited same store sales surged and Gap lowered profit outlook.

UK Rates on Hold, Pound Flat

Marcus Jacob
07 Apr, 2011
New York City

UK indexes were flat and the Bank of England left its key lending rate on hold. The central bank also left its bond buying program on hold as inflation hovered at 4.4%, twice the target range. The pound was flat after the decision.

ECB Raises Key Rate to 1.25%; Portugal Seeks EU Help

Arjun Dave
07 Apr, 2011
New York City

European Central Bank lifted key lending rate to 1.25% from 1% and Bank of England left its benchmark rate unchanged. The increase in interest rate comes only hours after Portugal said it will seek European Union financial help.

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