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Fed Lowers Growth, Unemployment Views; U.S. Stocks Trim Gains

Bikram Pandey
02 Nov, 2011
New York City

U.S. stocks pared gains after Fed lowered its economic growth outlook for the next three years and estimated higher unemployment. Current year growth was lowered to no more than 1.7% and unemployment as high as 9.1%. A separate report estimate private sector added 110,000 jobs.

U.S. Movers: AOL, Comcast, Devon Energy, MasterCard, Time Warner

Mukesh Buch
02 Nov, 2011
New York City

AOL reported third quarter net loss of $2.6 million. Comcast third quarter net increased to $908 million. Devon Energy third quarter net declined to $1.04 billion. MasterCard third quarter net increased to $717 million. Time Warner third quarter net soared to $822 million.

U.S. Stocks Surge After 2-day Slump; Fed Action Awaited

Nichole Harper
02 Nov, 2011
New York City

U.S. stocks soared after a 2-day slump as commodities rebounded. The dollar held firm after private employers added 110,000 net new jobs. Investors await Fed decision after a 2-day meeting. MasterCard soars after worldwide spending surges.

Weak Euro Zone Manufacturing; German Unemployment Rises to 7%

Devan Biswas
02 Nov, 2011
New York City

European markets traded volatile as banks rebounded from the lows. Euro zone manufacturing survey indicated a sharp fall in activities in Italy, France and Germany. Separately, German unemployment rose to 7%.

Nikkei in Tokyo Declines 2.2%; Sony Estimates Loss

Nigel Thomas
02 Nov, 2011
New York City

Stocks in Tokyo trading fell as investors turned cautious after worries on the euro zone and Greek referendum rose. Sony estimate annual loss of $1.2 billion on the rising yen and weak television sales. Shipping companies declined on the falling freight rates.

Australian Construction Approvals Fall 13.6%; Westpac Net Up

Marcus Jacob
02 Nov, 2011
New York City

Australian stocks edged lower after international markets dropped on the rising worries in the euro zone. September construction approval dropped 13.6%. OneSteel fell after it said higher dollar will hurt its first half earnings. Westpac Banking said lending growth slowed and bad debt charges fell.

CarMax Q2 Earnings Call Transcript

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

The used car dealer said net sales and operating revenues increased 11% to $2.59 billion on comparable store used unit sales fall of 2% in the quarter. Net quarterly income climbed 3.7% to $111.9 million. Earnings per share rose to 49 cents compared with 48 cents per share a year-ago quarter.

Global Markets Losses Extend to NY; MF Global Confirms Fund Diversion

Bikram Pandey
01 Nov, 2011
New York City

U.S. indexes declined 2% after fresh worries on Greek accord resurfaced. Greek government may fall as early as Friday and Greece may put to test recently agreed debt restructuring to a popular vote. MF Global Holdings Ltd confirmed to federal regulators that client funds may have been diverted.

U.S. Movers: American Tower, BB&T, Pfizer, Thomson Reuters, Allstate

Mukesh Buch
01 Nov, 2011
New York City

American Tower third quarter net swung to $15.7 million. Baker Hughes third quarter net soared to $706 million. BB&T to acquired BankAtlantic. Pfizer third quarter net surged to $3.7 billion. Thomson Reuters third quarter net increased to $381 million. Allstate net declined 55% to $165 million.

S&P 500 Index Plunges 2.6% on Renewed Euro Zone Volatility

Devan Biswas
01 Nov, 2011
New York City

U.S. indexes declined on the renewed worries about the euro zone and growing scepticism about the recent debt accord. Manufacturing index showed a decline on weaker export orders. MF Global may face regulatory investigation in bankruptcy.

European Markets Plunge 5% on Greek Referendum Worries

Devan Biswas
01 Nov, 2011
New York City

European markets plunged after Greece decided to seek a referendum on EU bailout terms. The surprise decision stunned the European markets with indexes plunging more than 5% in the region. Yields on Italian and Spanish bonds rose.

Nikkei in Tokyo Declines 1.7%; Thai Floods Delay Auto Production Revival

Nigel Thomas
01 Nov, 2011
New York City

The Nikkei index in Tokyo declined on fresh worries in the euro zone. The yen traded near its 3-month high after finance ministry intervened in the currency market. Japanese auto makers suffer production delays till December on Thai floods.

Australia Cuts Rate to 4.5% and Home Prices Fall 1.2%

Marcus Jacob
01 Nov, 2011
New York City

Australian indexes declined tracking weak markets in Asia and Reserve Bank of Australia lowered rate by 25 basis points to 4.5%. Home prices declined for the third quarter in a row with Brisbane leading the fall.

S&P 500 Index Drops 2.5%, Gains 11% in October; World Markets Slide

Bikram Pandey
31 Oct, 2011
New York City

U.S. indexes dropped 2% and finished the October with the best monthly gains in more than a decade. MF Global sought bankruptcy protection in a New York court after it lost bests on European sovereign bonds. Financials dropped and commodities turned lower.

U.S. Movers: Humana, Honda Motor, Haemonetics, Loews

Mukesh Buch
31 Oct, 2011
New York City

AbitibiBowater third quarter net loss narrowed to $44 million. Humana third quarter net increased 13.1% to $444.8 million. Loews third quarter net soared to $162 million. Sohu.com third quarter net income increased 17% to $46.8 million.

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