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Facebook Acquires Instagram for $1 B, AT&T Sells Stake in Yellow Pages

Arthi Gupta
10 Apr, 2012
New York City

U.S. indexes edged lower after wholesale inventories rose more than estimated in February. Facebook agreed to acquire Instagram for $1 billion. Cerberus agreed to acquire AT&T yellow pages division for $1 billion. Supervalu swung to loss.

Spanish Bond Yields at 5.9%; European Markets Drop 1%

Arthi Gupta
10 Apr, 2012
New York City

The European indexes slumped after latest confidence survey showed a decline and bond yields of Spain and Italy gained for the third day in a row. French manufacturing output fell in February. STMicroelectronics plunged 5.9% after lowering its gross margin outlook.

OECD Leading Index Up; German Trade Surplus Jumps 25%

Arthi Gupta
10 Apr, 2012
New York City

The OECD leading index, German trade surplus and French industrial output rose in February however euro zone investor confidence index slumped in April. Swiss jobless rate remained unchanged in March.

Nikkei in 6-Day Slump, Fourth Yearly Loss at Sony

Nigel Thomas
10 Apr, 2012
New York City

Stocks in Japan eased for the sixth day in a row as investors focused on earnings season ahead next week. Sony Corp estimated $6.4 billion annual net loss, fourth yearly loss in a row. The electronics maker is planning to eliminate 10,000 jobs or 6% of its staff.

Australian Stocks Ease on Weak China Import Growth

Marcus Jacob
10 Apr, 2012
New York City

Australian stocks declined for the third day in a row and on the first day of trading after a long weekend. Resources stocks fell after China reported weaker than expected growth in imports. Businesses reported a slight improvement in business conditions in March.

U.S. Movers: AOL, Boeing, ClickSoftware, Greenbrier, Zep

Mukesh Buch
09 Apr, 2012
New York City

AOL deal for patents to Microsoft for $1.06 billion in cash. Boeing deliver four 787-8 Dreamliners to Russian Transaero Airlines for $744 million. Greenbrier second quarter net income swung to $17.7 million.

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%.

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