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Global Markets Fear Italian Crisis Fallout; S&P 500 Down 3.7%

Bikram Pandey
09 Nov, 2011
New York City

U.S. indexes plunged as investors began to digest the global implications of the Italian and the euro zone turmoil. Italian bond yields surged over 7%, the level that brought down four other governments and required bailouts from the European authorities. Gold dropped 2%, copper declined 5%.

U.S. Movers: Ashland, Dean Foods, GM. HSBC, Macy

Mukesh Buch
09 Nov, 2011
New York City

Ashland reported fourth quarter net loss widened to $263 million. Dean Foods said net in third quarter swung to a loss $1.54 billion. General Motors third quarter net fell to $1.7 billion. Macy

S&P 500 Index Down 2.2%; GM, Adobe, Ralph Lauren, Blue Nile Drop

Nichole Harper
09 Nov, 2011
New York City

U.S. indexes opened lower after the euro zone stress overwhelmed bonds and equities markets. Italian yields rose and the euro declined. Adobe Systems dropped 10% after it announced a restructuring. Blue Nile plunged 30% on weak margins and lower earning. Weight Watchers declined 8%.

European Markets Drop 2%; Vestas, Impregilo, EADS Fall

Devan Biswas
09 Nov, 2011
New York City

European markets were on the defensive after investors face a protracted political wrangling in Italy and Greek leaders struggled for the third day to appoint a new government. Bond markets were nervous with Italian yields surging to new high of 7%. Vestas Wind Systems cut its annual outlook.

Japanese Ball-Bearings Makers Drop; Nomura, Sumitomo Mitusi Fall

Marcus Jacob
09 Nov, 2011
New York City

Stocks in Japan gained after industrial and export companies led the gainers. Isuzu Motor reported better than expected earnings and ball-bearings makers plunged on the antitrust inquiry from the European Union regulators. Nomura and Sumitomo Mitsui Financial dropped on the widening Olympus scandal.

Australian Bankruptcies Rise; Myer Holds Annual Outlook

Marcus Jacob
09 Nov, 2011
New York City

Australian stocks edged higher after confidence index rose and better than expected earnings from Myer and Seven Group Holdings. Bankruptcy filings increased 18% in the third quarter to 2,961.

S&P 500 Index Advances 1.2%; Berlusconi Offers Conditional Resignation

Bikram Pandey
08 Nov, 2011
New York City

U.S. indexes gained more than 1% led by an increase in financial and resource stocks. Italian Prime Minister offered a conditional resignation that may lead to early elections. Banks in Europe took more write down on Greek bonds and UK retail sales were weaker than expected. M&S sales dropped 10%.

U.S. Stocks Sideways; Berlusconi Loses Key Vote

Nichole Harper
08 Nov, 2011
New York City

U.S. stocks traded sideways and commodities rose after positive earnings. McDonald

U.S. Movers: AmeriGas, Fossil, General Dynamics, priceline.com, Rockwell

Mukesh Buch
08 Nov, 2011
New York City

AmeriGas said fourth quarter net loss widened to $45.2 million. Fossil third quarter net rose 2.1% to $69.6 million. General Dynamics agreed to acquire Force Protection. priceline.com third quarter net soared to $469.5 million. Rockwell fourth quarter soared 53% to $201.8 million.

European Markets Advance; Vodafone, Soc Gen, Repsol in Focus

Devan Biswas
08 Nov, 2011
New York City

European markets advanced after investors focused on domestic earnings. Societe Generale third quarter earnings decline on Greek bonds write down and the French bank suspended its dividend. Italian bond yields surged near 7%.

Japan Stocks Extend Losses; Nomura Plunges 15%; Olympus Drops 29%

Nigel Thomas
08 Nov, 2011
New York City

Stocks in Japan declined for the second day in a row as the yen hovered near recent highs. Toyota Motor reported worse than expected operating profit in the first half. Olympus plunged 29% to a 16-year low after the company admitted securities laws violations.

Australian Trade Surplus Falls; September Tourists Arrivals Flat

Marcus Jacob
08 Nov, 2011
New York City

Australian stocks closed higher and the dollar declined. Trade surplus in September declined to A$2.56 billion after exports fell 3% and imports edged down 1%. Short term tourist arrivals were nearly flat in the month at 500,600.

U.S. Stocks Struggle, Berkshire Expands Investments by $23.5 B

Bikram Pandey
07 Nov, 2011
New York City

U.S. stocks struggled on the first of the week as the euro zone turmoil continued and focus shifted to Italy. Bond yields on Italian bonds rose as political uncertainty increased ahead of the parliament vote tomorrow. Berkshire Hathaway expanded the most in 15 years. Gold soared 2.4%.

U.S. Stocks Waver; Jeffries Cuts European Debt Portfolio By Half

Nichole Harper
07 Nov, 2011
New York City

U.S. stocks wavered after investors focused on the political developments in Europe. U.S. domestic earnings lifted stocks in the morning and bond yields rose in Europe. German production fell at the fastest pace in September. CME lowered margin requirements for the transfer of MF Global accounts.

U.S. Movers: CME Group, Cameco, Dish Network, EchoStar, Sysco

Mukesh Buch
07 Nov, 2011
New York City

Cameco third quarter net declined 60% to $39 million. Dish Network third quarter net soared 30.3% to $319 million. EchoStar reported third quarter net loss of $19 million. Sysco first quarter net rose 1.2% to $302.6 million.

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