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U.S. Deficit Widens, Jobless Rate at 8.3%; Molycorp to Buy Neo Materials

Arthi Gupta
09 Mar, 2012
New York City

U.S. and global indexes rose after Greece completed the landmark bond swap deal. The U.S. trade deficit widened in January and payrolls rose in February. Molycorp agreed to buy Canada-based Neo Material in $1.3 billion deal. Boston Scientific agreed to buy Cameron Health for nearly $1.35 billion.

Australian Index Falls 1%; Qantas, Malaysia Talks Fail

Marcus Jacob
09 Mar, 2012
New York City

The current account balance in Australia swung to a deficit of $673 million on weaker than expected exports. Insurer Australia Group said it plans to cut 600 jobs in the next three years. Qantas dropped its plan to set up a premium airline in Asia.

German Inflation at 2.5%; French Production Rebounds 0.3%

Arthi Gupta
09 Mar, 2012
New York City

German annual inflation increased but Greek inflation eased in February. German manufacturing index increased 0.4% in January. The Portuguese and Greek economy contracted in the fourth quarter. French production rose but Italian output and Spanish retail sales fell in January.

Greek Debt Swap Attracts 86% Participation; Linde Soars 5%

Arthi Gupta
09 Mar, 2012
New York City

European indexes edged slightly higher after Greece successfully completed the bond swap deal that attracted nearly 86% of its private bond holders. Linde soared 5% after reporting record annual results in fiscal 2011.

2-Day Rally Extends U.S. Gains to 1.8%; Greece Participation Rate at 80%

Bikram Pandey
08 Mar, 2012
New York City

U.S. indexes advanced following the gains in the European markets after Greek debt swap participation rate increased to 80% ahead of the this evening deadline. Commodities rebounded. U.S. indexes extended gains to 1.8% in the last two days.

U.S. Movers: H&R Block, Navistar, Stein Mart, Buckle, Williams-Sonoma

Mukesh Buch
08 Mar, 2012
New York City

H&R Block third quarter net loss narrowed to $3.35 million. McDonald

UK Indexes Rise and Rates on Hold, Morrison Net Rises 9%

Arthi Gupta
08 Mar, 2012
New York City

The UK indexes rose ahead of Greek debt swap deadline this evening. The Bank of England retained interest rate at record low and maintained quantitative easing program. Aviva operating profit rose in fiscal year 2011.

Stocks in NY Focus on Greece, Jobless Claims, Rates on Hold in Europe

Arthi Gupta
08 Mar, 2012
New York City

The U.S. and European indexes rose on anticipation that the Greece meet its target for debt swap and avoid a default. The European Central Bank and Bank of England held key rates. New jobless claims in the U.S. rose to 362,000.

Japan Revised GDP Contraction to 0.7%, Current Account Swings to Deficit

Nigel Thomas
08 Mar, 2012
New York City

Tokyo stocks advanced and the yen eased after current account swung to a deficit in January on rising fuel import bill. The economic growth in the quarter to December was revised to 0.7% contraction from 2.3% shrink.

Greek Jobless Rate at Record 21%; German Output Rebounds

Arthi Gupta
08 Mar, 2012
New York City

French employment fell 0.1% in the fourth quarter. Greek jobless rate surged to record 21% in December. German production recovered in January. Swiss National Bank swung to profit in fiscal year 2011. Dutch inflation remained flat in February.

Australian Unemployment Rises to 5.2%; Stocks Rebound

Marcus Jacob
08 Mar, 2012
New York City

Australian stocks rebounded after easing for three days in a row and dropping nearly 3% in the week. February unemployment increased to 5.2% after corporation cut 15,400 jobs and strong Australian dollar hurt exporters and retailers.

ECB Holds Rate; EADS Net Soars, Carrefour Struggles

Arthi Gupta
08 Mar, 2012
New York City

European indexes soared on optimism of a successful Greek debt swap deal ahead of the deadline this evening. Greek jobless rate rose to a record 21% in December and German output rebounded in January. Simon Property Group agreed to acquire stake in Kl

Wall Street Rebounds on Employment Data, Greek Hopes

Bikram Pandey
07 Mar, 2012
New York City

U.S. indexes gained after private sector increased payrolls at a higher pace in February and productivity gained at a slower pace in the last quarter. Stocks gained despite the weakening global economic scenario. Crude oil, copper, gold and silver closed higher.

UK Shop Price Inflation Eases; HSBC Sells Assets for $914 M

Arthi Gupta
07 Mar, 2012
New York City

The UK indexes pared losses of yesterday after better-than-estimated job data in the U.S. The UK shop price inflation eased to a two-year low but permanent job placements rose in February. HSBC agreed to sell its general insurance businesses to AXA and QBE.

U.S. Movers: American Eagle, Ciena, Express, Fresh Market, Pandora Media

Mukesh Buch
07 Mar, 2012
New York City

American Eagle fourth quarter net decreased to $51.3 million. Ciena first quarter net loss narrowed to $47.6 million. Express fourth quarter net increased to $60.4 million. Pandora Media fourth quarter net loss widened to $8.18 million. Bon-Ton Stores fourth quarter net slipped to $78.2 million.

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