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U.S. Indexes Lower; AOL, Microsoft in Patent Deal

Arthi Gupta
09 Apr, 2012
New York City

U.S. indexes edged lower on the growing worries about the euro zone. Sony may slash as many as 10,000 jobs in the current year. Boeing clinches $744 million deal with Russia-based Transaero Airlines. AOL agreed to sell over 800 patents to Microsoft Corporation for $1.06 billion.

Asian Markets Ease; Nikkei Extends Losses to Fifth Day

Nigel Thomas
09 Apr, 2012
New York City

Asian markets were on the defensive and the benchmark index in Japan dropped 1.5% and extended losses for the fifth day in a row. Retailers declined after a weak industry forecast from Takashimaya.

Nikkei Loses 4%, Worst Weekly Drop in Six Months

Nigel Thomas
06 Apr, 2012
New York City

Stocks in Japan eased and the benchmark Nikkei index fell 0.8%. The index closed down 4% in the week as the yen drives more auto production away from Japan. Prime Minister Noda and three cabinet members have agreed on a broad safety framework to restart two reactors at Ohi nuclear power plant.

U.S. Movers: A. Schulman, Bed Bath, CarMax, Pier 1, PriceSmart

Mukesh Buch
05 Apr, 2012
New York City

A. Schulman second quarter net soared 28%. Bed Bath fourth quarter net surged 32% to $351 million. CarMax fourth quarter net increased 4% to $95 million. Ruby Tuesday third quarter net tumbled 72% and Pier 1 fourth quarter net soared 24% to $115.2 million.

U.S. Jobless Claims at 4-Year Low, European Worries Drag Stocks

Arthi Gupta
05 Apr, 2012
New York City

U.S. indexes traded lower despite weekly jobless claims drop to 4-year low and bond yields in Europe rose for the second day in a row. ConocoPhillips approved spin-off of its downstream businesses.

Rising Yields Drag European Indexes, UK Rates on Hold

Arthi Gupta
05 Apr, 2012
New York City

The European indexes pared gains after UK manufacturing and German industrial output fell in February. France sold

Nikkei Extends 3-Day Losses, Yen Gains

Nigel Thomas
05 Apr, 2012
New York City

Trading sentiment in Tokyo was cautious after sovereign bond yields began to rise in Europe and commodities prices eased in international markets. The yen gained against the dollar and euro. Point Inc dropped 3% after the clothing retailer reported 19% decline in operating income.

Australian Insolvencies Surge to Record; Dollar in 5-Week Slump

Marcus Jacob
05 Apr, 2012
New York City

Australian stocks fell on the last day of trading this week and the dollar eased for the fifth week in a row. Gold and copper decreased more than 2%. The number of businesses closing rose to a record high in February.

Indexes on Wall Street Drop 1%; Gold Falls 3%

Bikram Pandey
04 Apr, 2012
New York City

U.S. stocks accelerated their declines in early afternoon and the Nasdaq dropped 1.7%. Banks, technology and industrials fell after the Fed took a wait and see approach and bond yields in Europe began rising again. Gold dropped 3% and oil declined 2%.

U.S. Movers: Acuity Brands, Monsanto, MSC Industrial, SanDisk, Walgreen

Mukesh Buch
04 Apr, 2012
New York City

Monsanto second quarter sales rose 15% and net surged 26% to $1.21 billion and the company lifted full year forecast. MSC Industrial second quarter net soared 21%. SanDisk lowered first quarter guidance on weak pricing and demand. Walgreen March sales fell.

U.S. Private Sector Adds 209,000 Jobs; World Indexes Falter

Arthi Gupta
04 Apr, 2012
New York City

U.S. indexes dropped more than 1% despite private sector added more than 200,000 jobs in March and bond yields perked up in Europe. 3G Capital sold 29% stake in Burger King for about $1.4 billion. SanDisk lowered first quarter revenue guidance.

Spain and Portugal Worries Resurface; ECB Holds Rate

Arthi Gupta
04 Apr, 2012
New York City

The European indexes slumped after sovereign bond yields resumed the advance. The ECB held rates unchanged for the fourth straight month in April. Spain raised

Nikkei Drops 2.3% on Sentiment Reversal, Fast Retailing Plunges 6%

Nigel Thomas
04 Apr, 2012
New York City

Stocks in Tokyo dropped sharply and the Nikkei index declined below 10,000 for the first time in three weeks as investor sentiment reversed. Fast Retailing plunged 6% after the largest apparel retailer reported less than expected 5.1% same store sales increase.

Australia Records Second Monthly Trade Deficit, Dollar Falls

Marcus Jacob
04 Apr, 2012
New York City

Australian exports declined 2% in February to $24.4 billion and imports fell 4% to $24.9 billion as consumers and businesses held back purchases. The dollar declined to a two-month low on the prospect of a rate cut next month.

Fed Minutes Drag Sentiment, Indexes Near 4-Year Highs

Bikram Pandey
03 Apr, 2012
New York City

U.S. stocks declined, bond yield rose and the dollar gained after the latest Fed minutes of meeting showed no commitment for new monetary stimulus. Chrysler led March auto sales as small cars drive the industry sales rebound.

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