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Australian Building Approvals Drop 7.8%; Stocks Inch Lower

Marcus Jacob
02 Apr, 2012
New York City

Australian stocks edged lower after residential building approvals declined 7.8% in February from January but home prices inched higher in large cities.

RiM Overhauls Management, Fifth Quarterly Sales Decline

Devan Biswas
30 Mar, 2012
New York City

Research in Motion announced more executive changes and vowed to focus on its core smartphone products as quarterly sales declined for the fifth quarter in a row.

U.S. Indexes Extend Gains; Consumer Spending Up 0.8%

Nichole Harper
30 Mar, 2012
New York City

U.S. stocks extend gains on the last day of the quartet and the benchmark index is set to close up 12% in the quarter. The stocks were higher after U.S. consumer spending rose 0.8% in February, the most in seven months and European ministers agreed to increase bailout fund size.

Australian Indexes Surge 7% in First Quarter

Marcus Jacob
30 Mar, 2012
New York City

Australian stocks eased on the last day of the quarter and the week. For the week the benchmark index gained 2% and soared 7% in the first quarter. Qantas announced fuel surcharge to recover some of the recent increase in fuel prices. Retailers rebound in the first quarter.

Europe Increases Bailout Fund to

Arthi Gupta
30 Mar, 2012
New York City

Finance ministers in Europe raised combined limit of bailout funds to $930 billion that may have to be revised higher in a year. Euro area annual inflation eased in March. German and Spanish retail sales fell in February.

U.S. Indexes in 3-day Losses; Oil Falls 2%

Bikram Pandey
29 Mar, 2012
New York City

U.S. stocks eased for the third day in a row on the rising worries about inflated domestic market valuations and the health of the economy in the euro zone. Best Buy plans to shutter 50 stores and a Korea based company may bid for operator of Payless ShoeSource. Crude oil decreased 2%.

U.S. Movers: Best Buy, Movado, Paychex, Red Hat, Shaw Group, Mosaic

Mukesh Buch
29 Mar, 2012
New York City

Best Buy Co. reported lower than expected quarterly loss and plans to close 50 U.S. stores. Movado fourth quarter net income swung to $10.7 million. Mosaic declined after Potash sales and third quarter net plunged. Red Hat fourth quarter net grew 7.5% to $36 mn and announced a stock buyback plan.

Jobless Claims at New 4-year Low; GDP Growth Estimated at 3%

Nichole Harper
29 Mar, 2012
New York City

U.S. stocks fell for the third day in a row but are set to close the first quarter as the best since April 1998 with the S&P 500 index up 10.9%. Fourth quarter GDP growth was estimated at 3% in the final estimate. European markets declined after labor strikes in Spain paralyzed the nation.

Nikkei Extend Losses; Foreign Investors Cut Net Positions

Nigel Thomas
29 Mar, 2012
New York City

The benchmark index declined for the second day and extended two-day losses to 1.5%. Foreign investors cut stock positions last week after adding for twelve weeks in a row. Sharp advanced for the second day after it sold a stake to Taiwan based Hon Hai Precision.

National Strike in Spain; Euro Zone Sentiment Dips

Arthi Gupta
29 Mar, 2012
New York City

European indexes edged lower and the euro area sentiment, German jobless rate and UK home prices dropped in March. The number of mortgage approvals in the UK fell in February. Spanish strike paralyzed the nation and Italy sold

Australian Stocks Ease; Leighton Cuts Profit Outlook

Marcus Jacob
29 Mar, 2012
New York City

Australian stocks eased as investors shifted focus to international markets and the dollar eased. Leighton Holdings cuts its annual profit outlook on cost overruns at two key projects in Australia.

Stocks on Wall Street Fall; Oil, Copper, Gold Ease

Bikram Pandey
28 Mar, 2012
New York City

U.S. indexes wavered and extended two day losses to 1.5% after energy complex stocks declined. Crude oil eased after European nations and U.S. consider releasing oil from strategic oil reserves. Gold, silver and copper fell.

U.S. Movers: Family Dollar, Lindsay, PVH, Synnex, Teavana, Tyco

Mukesh Buch
28 Mar, 2012
New York City

Family Dollar lifts full year earnings forecast on second quarter net rose 11% to $136.4 million. PVH 2012 projected revenue to be flat or up to 2%. Progress Software first quarter net declined 64% and Synnex Corp. first quarter net soared 28.6% to $38.2 mn. Teavana fourth quarter net surged 36%.

Durable Orders Rise 2.2%; Pentair, Tyco Flow in $10 B Merger

Nichole Harper
28 Mar, 2012
New York City

Stocks in New York were little changed in early trading after durable goods orders rose less than expected in February. Civilian aircraft orders increased 1.6% in the month. Pentair soared 18% after it agreed to merge with flow and control business of Tyco values at $4.6 billion.

Stocks in Tokyo Ease; Hon Hai to Invest $806 Million in Sharp

Nigel Thomas
28 Mar, 2012
New York City

The benchmark index in Tokyo traded lower as most stocks trade ex-dividend. Railroad and bus operator Tokyu Corp after it estimated lower than expected operating earnings. Chemical maker Nippon Kayaku Corp declined after nine-month operating net fell 14%.

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