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Second Day Decline in U.S. Indexes on Economic Data

Bikram Pandey
19 Apr, 2012
New York City

U.S indexes decreased for the second day in a row after initial jobless claims were ahead of expectations and existing home sales fell in March for the second month in a row. The index of leading economic indicators in the month posted the sixth advance in a row.

Japan Swings to Trade Deficit in March; Nippon Sheet at 3-Decade Low

Nigel Thomas
19 Apr, 2012
New York City

Stocks in Japan traded lower after a surge in yesterday

U.S. Movers: Bank of America, BB&T, DuPont, Morgan Stanley, Verizon

Mukesh Buch
19 Apr, 2012
New York City

Bank of America first quarter net declined 68% to $653 million. DuPont reaffirmed full year earnings outlook. Morgan Stanley first quarter net swung to $119 million loss. Verizon first quarter net soared 19% to $3.9 billion. Yum! Brands first quarter net surged 73% to $458 million.

Record Australian Property Taxes; News Corp Violates U.S. Ownership Rules

Marcus Jacob
19 Apr, 2012
New York City

Australian stocks advanced to an eight month high and a private report indicated property tax collection reached a record high of $33 billion last year. News Corp invites another unflattering attention to the company after it discovered it violated U.S. foreign ownership rules.

Jobless Claims Nearly Flat, Bank of America Net Plunges

Arthi Gupta
19 Apr, 2012
New York City

U.S. indexes fluctuated after jobless claims dropped 2,000 to 386,000. Investors focused on the Spanish and French debt sale. Bank of America net plunged 68%.

Spain, France Yield Rise in Auctions; Audi Acquires Ducati

Arthi Gupta
19 Apr, 2012
New York City

The European indexes climbed after Spain and French sold debt at higher yields. Audi agreed to acquire Italian sports motorcycle manufacturer Ducati. Actelion, Akzo Nobel, and TeliaSonera quarterly net dropped.

Indexes in NY Fall on Weak Tech Stocks, IMF Cautious on European Banks

Bikram Pandey
18 Apr, 2012
New York City

U.S. stocks traded lower after IBM missed sales expectations and Intel reported weaker than anticipated gross margins. Tech stocks led the market decline. Warren Buffett, chief executive of Berkshire Hathaway said his condition is not remotely life threatening.

U.S. Movers: Abbott, BlackRock, Dover, Halliburton, IBM, Intel, Yahoo

Mukesh Buch
18 Apr, 2012
New York City

Abbott first quarter net surged 44% to $1.24 billion and raises fiscal 2012 guidance. BlackRock first quarter net rose 1% to $572 million. Dover profit rose and lifted revenue outlook. IBM first quarter net increased 7% to $3.1 billion. Intel net slumped 13% to $2.74 billion. Yahoo net surged 28%.

UK Jobless Rate Drops, Tesco Plans

Arthi Gupta
18 Apr, 2012
New York City

The UK indexes dipped after the Bank of England minutes showed that the asset purchase program was retained by a split vote. The UK jobless rate declined in the three months to February. Tesco announced a

Mergers, Earnings Dominate NY Trading, SXC, Catalyst Health in $4.4 B Deal

Arthi Gupta
18 Apr, 2012
New York City

U.S. indexes traded lower and a flood of earnings and merger deals dominated market focus. SXC agreed to buy Catalyst Health for $4.4 billion and WOW! agreed to acquire Knology in $1.5 billion deal. Westfield plans to divest interests in eight shopping malls in the U.S. for more than $1.1 billion.

Nikkei Rebounds 2.1% on Central Banker Comments

Nigel Thomas
18 Apr, 2012
New York City

Stocks in Japan surged the most in three weeks after central bank official showed bank

BHP Billiton Iron Production Falls 8%, Australian Stocks Rebound

Marcus Jacob
18 Apr, 2012
New York City

Australian stocks rebounded and BHP Billiton first quarter production declined 8% from the December quarter and fell 14% from a year ago on weather related disruptions.

European Indexes Lower, Statoil Sells Retail Business for $2.8 B

Arthi Gupta
18 Apr, 2012
New York City

The European indexes traded lower and the Euro area swung to deficit in February. Argentina rejected a $10.5 billion compensation claim from Repsol. Canada-based Alimentation agreed to acquire Statoil Fuel & Retail for $2.8 billion.

Euro Area Construction Falls, Swiss Sentiment Improves

Arthi Gupta
18 Apr, 2012
New York City

Euro area current account swung to deficit and production fell in February. Swedish central bank held rate and Swiss economic sentiment improved in April.

U.S. Movers: IBM, J&J, Goldman Sachs, Coca-Cola, W.W. Grainger

Mukesh Buch
17 Apr, 2012
New York City

IBM agreed to sell its point-of-sale business to Toshiba Tec for $850 Mn. J&J first quarter net soared 12.5% to $3.9 billion and raise fiscal earnings per share outlook. Goldman Sachs first quarter net surged 128% to $2.1 billion. W.W. Grainger, Inc. first quarter net soared 19% and raises outlook.

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