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U.S. Movers: Booz Allen, CorVel, Copart, Daktronics, Teavana, Fresh Market

Mukesh Buch
30 May, 2012
New York City

Booz Allen fourth quarter net surged nearly three-fold to $50.6 million. Copart third quarter increased 11% to $55.5 million. Jos. A. Bank Clothiers first quarter net declined 17% and RBC Bearings fourth quarter net soared 57.4%. Fresh Market first quarter net surged 43%.

Wall Street Tracks Lower European Markets, RiM Plunges 10%

Arjun Dave
30 May, 2012
New York City

Stocks in New York fell after European markets eased and bond yields of Spain reached a new high. Pending home sales fell in April. Research in Motion plunged 10% after it estimated operating loss and hired bankers for a strategic review. Apple chief confirmed the interest in building a TV device.

Nikkei in Tokyo Recovers from 1% Fall; Olympus, Renesas Rise

Nigel Thomas
30 May, 2012
New York City

Stocks in Tokyo recovered from the early decline of 1% in the Nikkei index but Spain and the euro zone worries dragged market sentiment. Olympus soared 5% on the speculation that it may seek capital from Panasonic or Sony and Renesas Electronics rebounded 27% after losing half its value this month.

Retail Sales Decline in Australia Drag Dollar

Marcus Jacob
30 May, 2012
New York City

Australian stocks closed lower on international worries after Chinese press agency confirmed that the government is not planning additional stimulus. The dollar fell after April retail sales declined. Resource stocks were volatile after weak commodities prices as the euro fell to a 2-year low.

Euro Crisis Deepens as Bank of Spain Governor Resigns

Arthi Gupta
30 May, 2012
New York City

The European indexes extended losses as Spanish bond yield rose to a record high since joining the euro. Italy raised

World Markets Spin as Financial Contagion Reach to Spain

Bikram Pandey
29 May, 2012
New York City

Stocks in New York traded higher and the growing financial contagion spread to Spain dragging the euro to a 2-year low as investors seek the safety in currencies and increase the U.S. dollar exposure. Commodities traded volatile and gold fell.

U.S. Movers: Colfax, FedEx, Interline Brands, Teledyne, Bank of Nova Scotia

Mukesh Buch
29 May, 2012
New York City

Colfax agreed to acquired Soldex S.A. valued $235 million. FedEx may acquire Brazilian transportation and logistics company Rapid

UK Retail Sales Rise, BG Group Sells Comg

Arthi Gupta
29 May, 2012
New York City

The UK indexes advanced after high street sales rose in May. BG Group agreed to sell Comg

Nikkei in Cautious Advance; Renesas, Sony, Panasonic in Focus

Nigel Thomas
29 May, 2012
New York City

Stocks in Tokyo gained but pared earlier gains on domestic corporate and the euro zone export worries. Panasonic, Renesas and Sony were in focus. Rising bond yields in the peripheral euro zone also stoked fears of another financial contagion in the currency union.

Australian Home Sales Advance, Stocks Rise

Marcus Jacob
29 May, 2012
New York City

Australian markets advanced but near the close struggled on the rising financial contagion worries in the euro zone. April new home sales in Australia surged 6.9% after dropping to the worst level in a decade in March.

U.S. Indexes Rise, Marubeni to Acquire Gavilon for $3.6 B

Arthi Gupta
29 May, 2012
New York City

U.S. indexes gained and consumer confidence declined in May and home prices in metropolitan areas advanced in March. Japan-based Marubeni agreed to buy grain handler Gavilon for $3.6 billion. Icahn agreed to acquire 7.6% stake in Chesapeake.

German Import Price Inflation Eases, Spanish Retail Sales Slump

Arthi Gupta
29 May, 2012
New York City

German import price index eased, Spanish retail sales slumped but Swiss consumption indicator rose in April. Swedish sentiment dropped in May and Norwegian jobless rate fell in March.

Euro and Markets Trend Lower as Spanish Economy Weakens

Arthi Gupta
29 May, 2012
New York City

The European indexes pared gains after Bank of Spain forecasted weakening economy and retail sales extended slump. Italy sold

Nikkei in Japan Steady, Renesas Plunged 11%

Nigel Thomas
28 May, 2012
New York City

Stocks in Tokyo gained and Renesas Electronics plunged 11% after the company plans to eliminate 12,000 jobs and raise $1.3 billion. In light trading stocks generally drifted up. Nomura was linked to second insider trading case and Sumitomo Heavy confirmed it was suspended from a defense contract.

Australian Markets Rebound, Hastie Collapses

Marcus Jacob
28 May, 2012
New York City

Australian stocks gained on the hopes that Greece will stay in the euro zone and the currency union will avoid the latest ripple in the financial contagion. Engineering contractor Hastie Group collapsed with $500 million debt and sought bankruptcy protection.

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