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Third Weekly Gain in U.S. Indexes; G20 Meeting in Focus

Bikram Pandey
18 Feb, 2011
New York City

U.S. stocks closed higher for the third week in a row in a muted trading. Oil traded up after the Middle East unrest spreads to oil producing nations and bankers and finance ministers from G20 group of nations meet in Paris. Spain offers six more months to savings banks to raise capital or merge.

U.S. Movers: Apache, Campbell, Intuit, Revlon, Virgin Media

Mukesh Buch
18 Feb, 2011
New York City

Apache fourth quarter net income soared $670 million. Campbell second quarter net earnings fell 8% to $239 million. EOG Resources fourth quarter net income plunged 87% to $53.7 million. Nordstrom quarterly net income rose 35% to $232 million. Revlon fourth quarter net income rose to $296.2 million.

UK Retail Sales Up 1.9%, Home Loans Fall 11.3%; Rentokil Swings to Loss

Arthi Gupta
18 Feb, 2011
New York City

The UK indexes declined after mortgage lending plunged and retail sales exceeded expectations in January. The BoE Governor King reiterated that tackling global imbalances is the key for economic recovery. Anglo American profit surges and Rentokil swings to loss.

Spain Extends Deadline for Cajas; German Wholesale Inflation Rises

Arthi Gupta
18 Feb, 2011
New York City

The European indexes fell and Spain bowed to the pressures from savings banks. A rating agency lowered German banks subordinated debt and Euro-zone consumer confidence improved. German factory price inflation rose to a 2-year high. Spain offered more time to ailing savings banks to raise capital.

U.S. Indexes Flat; China Hikes Reserve Requirements

Arthi Gupta
18 Feb, 2011
New York City

U.S. indexes traded lower after China unexpectedly hiked the reserve requirement ratio. G20 nations finance ministers meet in Paris with Portugal and global economic imbalances in focus. Nordstrom agreed to buy HauteLook for as much as $180 million. Ford in a venture with Russia-based Sollers.

Sensex in India Drops 1.6%; Reliance, Bharti Airtel Fall

Devan Biswas
18 Feb, 2011
New York City

The benchmark Sensex index declined 1.6% after rising more than 4.5% in five days. The rally came to an abrupt halt as telecom license probe widen. Hindustan Lever led gainers in the index and telecom stocks Bharti Airtel and Reliance Communications declined.

India Movers: Essar Oil, Jain Irrigation, FAG Bearings, Thomas Cook

Mukesh Buch
18 Feb, 2011
New York City

Bank of Maharashtra soared 5% after Government of India decided to inject $70 million. FAG Bearings gained 3% after net profit increased 105%. Thomas Cook tumbled 8% after net declined 40%.

China Stocks 6-day Rally Halts; Agriculture Stocks Fall, Property Prices Rise

Marcus Jacob
18 Feb, 2011
New York City

Stocks in China fell after real estate prices increased in January from December. The persistent increase in prices stock speculation that another round of bank reserve ratios may start as early as next week. Agriculture stocks fell on the worries that drought may extend till the February.

Nikkei Extends Gains; Inpex, Inpex Rises, Heiwa Real Estate Falls

Nigel Thomas
18 Feb, 2011
New York City

Stocks in Japan took a breather after rising for a week. In the year the benchmark index is up 6% as foreign investors seek bargains. Shipping and energy companies gained for the second week in a row as unrest in the Middle East spread to oil producing nations.

Australian Stocks Flat; Billabong Soars 13%, Fortescue Net Surges Seven-fold

Marcus Jacob
18 Feb, 2011
New York City

Stocks in Australia edged lower today but gained 1% in the week on mixed corporate earnings. Fortescue Metals first-half net jumped seven-fold and Sims Metals Management net rose 23.6%. ANZ Banking Group underlying profit increased 27%. Surfwear retailer Billabong soared 13%.

U.S. Stocks Higher on Earnings; Record Foreclosures, Bernanke Lessons

Bikram Pandey
17 Feb, 2011
New York City

U.S. stocks traded higher as earnings optimism drove sentiment. Cliffs Natural Resources, Lexmark, Express Scripts, Nvidia and CBS Corp reported higher earnings. U.S. mortgage loans in foreclosure increased to 4.63% and nearly one in seven loans are either in default or late in payment.

U.S. Movers: ABB, Barrick Gold, Nvidia, NetApp, O'Reilly

Mukesh Buch
17 Feb, 2011
New York City

ABB fourth quarter net income surged 30% to $700 million. Cablevision fourth quarter net income soared to $113.8 million. Comcast net income in the quarter decreased to $955 million. Morningstar fourth quarter net income rose to $27.4 million.

UK Indexes Decline; BAE Systems Swings to Profit

Arthi Gupta
17 Feb, 2011
New York City

UK indexes slid after weak economic data from the U.S. The UK government and the BoE formed committee to tighten banking regulation. The BoE policy maker Sentance warned of inflationary pressures. The UK manufacturers estimated output to grow. Rolls-Royce secured contracts valued at $246 million.

Euro Area Deficit Widens; Nestle Net Triples, BNP Paribas Falls, Swiss Re Up

Arthi Gupta
17 Feb, 2011
New York City

The European indexes traded sideways after euro-zone current account deficit widened and construction output fell in December. German employment exceeded 41 million. Nestl

U.S. January Inflation Increase 0.4%; Jobless Claims Rise 25,000

Arthi Gupta
17 Feb, 2011
New York City

U.S. indexes decline after weekly jobless claims rose 25,000 and January inflation increased 0.4%. Aveo formed joint venture with Astellas worth $1.3 billion. Williams Companies to split into two. Chesapeake completed $570 million project cooperation deal with CNOOC.

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