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June Quarter Growth in Japan Falls to 1.4%, Nikkei Flat

Nigel Thomas
13 Aug, 2012
New York City

Japan reported a sharp decline in economic growth in the second quarter as consumer spending growth eased. Stocks were nearly flat on the hopes of additional stimulus measures. Taiheiyo Cement Co dropped 5% after quarterly profit was lower than expected.

Merrill Sells Intl Wealth Business to Baer, Google Cuts Motorola Staff

Arthi Gupta
13 Aug, 2012
New York City

Google plans to slash 20% workforce and shutter one third of offices at Motorola Mobility. BP agreed to sell Texas midstream gas assets for $227.5 million. Bank of America to sell its international wealth management businesses to Julius Baer.

Europe Movers: Colt, SolarWorld, WPP

Arthi Gupta
13 Aug, 2012
New York City

E.ON first-half sales grew 23% and net income soared. SolarWorld plunged 11% after it swung to second quarter loss. QSC slumped on weak quarterly earnings and revenue.

Greek Economy Shrinks 6.2%, Inflation in Germany Picks Up

Arthi Gupta
13 Aug, 2012
New York City

The European indexes pared losses. Italy raised

World Markets Up on Central Bank Actions Hopes for Fifth Week

Bikram Pandey
10 Aug, 2012
New York City

World markets turned gloomy after China reported weak international trade data following a series of slowing economic indicators released on Thursday. European indexes declined and stocks on Wall Street rebounded after weak opening and closed higher for the fifth week.

Fusion-io, Harman Intl., Janus Rise; Ubiquiti Networks Falls

Sarla Buch
10 Aug, 2012
New York City

Brookfield Asset Management second quarter net tumbled 73.5% and Fusion-io net swung to loss but increased annual revenue guidance. Harbinger third quarter net swung to $149 million loss. Janus soars on Dai-Ichi deal for $2 billion. Ubiquiti fourth quarter net swung to profit.

Nordstrom, J. C. Penney, Universal Display Rise; MBIA Falls

Mukesh Buch
10 Aug, 2012
New York City

Belden second quarter net climbed 22.2% to $42.4 million. Nordstrom second quarter net declined 10.9% to $156 million. Nvidia second quarter net plunged 12% to $119 million. J. C. Penney second quarter net swung to $147 million loss. MBIA second quarter net jumped more than three-fold.

U.S. Import Prices Drop, Chinese Data Disappoint

Arthi Gupta
10 Aug, 2012
New York City

Stocks on Wall Street struggled after Chinese exports grew 1% in July and bank lending was significantly lower than expected in the month. J. C. Penney swung to quarterly loss and Yahoo stock fell after the company may not return proceeds of its stake in Alibaba.com to shareholders.

Europe Movers: Barclays, Fraport, Hannover RE, ThyssenKrupp

Arthi Gupta
10 Aug, 2012
New York City

Barclays appointed David Walker as the new chairman. Rheinmetall AG, the defense contractor and auto parts maker said first half sales 9%. ThyssenKrupp AG soared 5% after third quarter revenues fell 7% and net income gained 16%.

European Nations Report Weakening Economic Data

Arthi Gupta
10 Aug, 2012
New York City

The European indexes declined after China reported a slowdown in international trade. German inflation and the UK output price inflation eased in July. French output was flat in June. ThyssenKrupp quarterly net rose 16%.

Stocks in Tokyo Halt 4-Day Rally, DeNA Soar 22%

Nigel Thomas
10 Aug, 2012
New York City

Japanese stocks declined and halted a 4-day rally as investors focused on earnings and the latest international trade data from China. The yen gained and Sony said it will acquire its Internet access subsidiary. Social network gaming operator DeNA Co Ltd soared 22% on higher earnings.

RBA Revises Australian Growth Outlook, Dollar Eases

Marcus Jacob
10 Aug, 2012
New York City

Australian markets closed lower and the dollar sold off after the Reserve Bank of Australia lifted its growth outlook to 3.75% and lowered its inflation estimate to 2.25% from its views three months ago. Casino operator gained after annual net increased 53%.

Wall Street in 5-day Rally, Home Prices Rise

Bikram Pandey
09 Aug, 2012
New York City

World markets were stable and stocks on Wall Street inched higher. A five-day rally in the S&P 500 index has lifted the index by 10%. Home prices advanced the most since 2006 in the second quarter. European markets added to 4-day gains.

Nikkei Flirts with 9,000 Mark, Nikon Drops 8%

Nigel Thomas
09 Aug, 2012
New York City

Stocks in Tokyo gained for the fourth day and the Nikkei index extended gains to 5% in the week and brushed the 9,000 level. Bank of Japan left its asset purchase program intact and interest rates on near zero. Nikon plunged 8% and extended losses for the second day after the earnings release.

Australian Dollar Inches to Record; Telstra Net Up, News Corp Swings to Loss

Marcus Jacob
09 Aug, 2012
New York City

Stocks in Sydney trading rested for the first time in a week after the latest statistics from China suggested decelerating growth rates. News Corp swung to a loss and Telstra reported its first annual profit increase in three years. Tabcorp profit declined.

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