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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.

Nikkei Falls Second Day, Toshiba Tec and I BM in $850 Million Deal

Nigel Thomas
17 Apr, 2012
New York City

Stocks in Japan fell on international worries for the second day in a row. Toshiba Tec agreed to acquire point-of-sale business from IBM for $850 million. Olympus Corp fell after two executives are said to retain jobs after stepping down the company board.

Rio Tinto Production Decline Drags Australian Stocks

Marcus Jacob
17 Apr, 2012
New York City

Australian indexes traded lower after Rio Tinto reported sharply lower production at its copper and iron ore mines. Market sentiment was also weaker after China reported a decline in foreign direct investment.

U.S. Housing Starts Decline, IMF Lifts Growth Outlook

Arthi Gupta
17 Apr, 2012
New York City

U.S. indexes gained after the IMF lifted global growth outlook for this year and housing starts fell in March. IBM agreed to sell Retail Store Solutions business to Toshiba for about $850 million. Fanatics agreed to acquire Dreams for $183 million.

Spain Sells

Arthi Gupta
17 Apr, 2012
New York City

The European indexes rose after Spain raised

U.S. Markets Rebound, Real Treasury Yields Turn Negative

Bikram Pandey
16 Apr, 2012
New York City

U.S. stocks rebounded after retail sales were ahead of expectations in March. Treasury yields turned negative after adjusting for inflation. World Bank appointed another American as a head following the tradition of seventy years over objections from fast developing nations.

U.S. Movers: Citigroup, Gannett, M&T Bank, Mattel, Charles Schwab

Mukesh Buch
16 Apr, 2012
New York City

Citigroup first quarter net dropped 2% to $2.9 billion but improving economic outlook helped revenues by 2%. Gannett first quarter net declined 24.6% on advertising revenues. M&T Bank first quarter net fell to $206.5 million. Mattel net tumbled 53%. Stratasys soar on first quarter outlook.

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