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German Economy Expands 0.5%; Home Loans in Spain Drop 42%

Arthi Gupta
24 Nov, 2011
New York City

The German economy expanded 0.5% in the third quarter and business confidence improved unexpectedly in November. Spanish home loans approvals fell in September. Hungarian retail sales eased in September.

German Confidence Lifts European Indexes; Portuguese Strike

Arthi Gupta
24 Nov, 2011
New York City

European indexes gained after German business confidence unexpectedly improved in November. Greek opposition leader signed a conditional pledge backing austerity measures. Portuguese workers strike paralyzed nation.

Intuit Q1 Earnings Call Transcript

123jump.com Staff
24 Nov, 2011
New York City

The software company said quarterly revenues rose 12% to $594 million. Net quarterly loss narrowed 8.6% to $64 million. The company lost 21 cents per share versus a loss of 22 cents per share a year-ago quarter and estimates revenues between $1 billion and $1.02 billion for the second quarter.

World Markets Sell-off Spreads on Weak German Debt Auction

Bikram Pandey
23 Nov, 2011
New York City

U.S. and world markets accelerated the decline as global economic uncertainty intensifies. The failure of German bond auction at near record low rates unnerved stock markets on both sides of the Atlantic. The latest batch of the U.S. economic data also painted a mixed picture.

UK Home Loans Rise; Weir Group Buy Seaboard Holdings

Arthi Gupta
23 Nov, 2011
New York City

The UK indexes dropped after mortgage approvals rose in October. The Bank of England policymakers were unanimous on maintaining the asset purchase program and leaving the key rate unchanged. Weir Group agreed to acquire an oil service company for

U.S. Movers: Deere, Eaton Vance, Nuance Communications, TiVo, Valspar

Mukesh Buch
23 Nov, 2011
New York City

Deere & Co. fourth quarter net soared to $669.6 million. Eaton Vance fourth quarter net decreased to $46.8 million. New Jersey Resources fourth quarter net loss swung to $7.51 million. Valspar reported fourth quarter net income of $295.7 million.

U.S. Weekly Jobless Claims, Fed to Conduct Stress Tests

Arthi Gupta
23 Nov, 2011
New York City

The U.S. durable goods orders declined 0.7% in October, weekly jobless claims rose to 393,000, and mortgage demand eased. The Fed announced stress tests for banks that will cover 31 banks. Merck agreed to pay $950 million to settle claims related to Vioxx.

Manufacturing in Europe Weakens; German Output Stagnates

Arthi Gupta
23 Nov, 2011
New York City

Euro area private sector activity contracted and French business sentiment index fell in November. Industrial new orders in the euro area fell whereas Norway''''s jobless rate remained steady in September.

More Banks in Euro Zone Seek ECB Loans; Confidence Falls

Arthi Gupta
23 Nov, 2011
New York City

European indexes declined and more banks in the region accesses short term loans from the ECB. Hungary increased value-added tax to 27%, the highest in the European Union. France and Belgium wrangle over the bailout of Dexia. Germany failed to sell only 60% of

Australian Construction Spending Surges on Mining Boom

Marcus Jacob
23 Nov, 2011
New York City

Australian stocks were under pressure after economic data from China, U.S. and Europe indicated a slow down. Australian construction work surged 12.5% in the quarter to September as miners accelerate capital spending. Virgin Blue said quarterly net rose.

U.S. Movers: Analog Devices, Campbell Soup, Chico

Mukesh Buch
22 Nov, 2011
New York City

Analog Devices fourth quarter net declined to $183.5 million. Campbell first quarter net decreased to $265 million. Collective Brands third quarter net loss swung to $114.3 million. Hewlett-Packard fourth quarter net declined 91% to $0.24 billion. Medtronic second quarter net soared to $871 million.

Stocks Fall After GDP Revision; IMF Opens New Credit Access

Bikram Pandey
22 Nov, 2011
New York City

Stocks turned lower in light trading in New York after the estimate of economic growth in the third quarter was lowered to 2% from 2.5%. The benchmark indexes in New York trended lower for the fifth day in a row. The IMF relaxed access to capital to member nations struggling in the euro zone.

Nikkei Extends Losses; Osaka and Tokyo Exchanges Merge

Nigel Thomas
22 Nov, 2011
New York City

The benchmark index Nikkei in Tokyo trading declined to the lowest level since March 2009 as the high yen and persistent debt worries in the euro zone and the U.S. dented hopes of higher exports. Osaka Securities agreed to merge with the Tokyo Stock Exchange.

UK Public Sector Borrowing Narrows; Thomas Cook Plunges 72%

Arthi Gupta
22 Nov, 2011
New York City

The UK indexes traded sideways and the public sector net borrowing narrowed in October. The government imposed financial restrictions on Iranian banks. Thomas Cook plunged 72% after it sought access to more cash in lean times.

Australian Indexes in 3-day Losses; Qantas Awaits Tribunal Ruling

Marcus Jacob
22 Nov, 2011
New York City

Australian stocks extended losses for the third day in a row. The benchmark index fell as banks, resource stocks and steelmaker led the decliners. Thorn Group, the retail chains operator said first half net soared 30%.

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