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Banks Lead European Indexes Lower; ABB Falls on Earnings

Devan Biswas
16 Feb, 2012
New York City

European markets eased on the renewed worries linked to Greek bailout and fresh downward view on European banks from a credit opinion firm. Fraport AG, the operator of Frankfurt airport faces a union strike that may cancel 10% of flights as early as today.

U.S. Movers: Apache, ABB, Devon Energy, GM, NetApp, J. M. Smucker

Mukesh Buch
16 Feb, 2012
New York City

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Nikkei Struggles in Japan; Olympus Executives Arrested

Nigel Thomas
16 Feb, 2012
New York City

The Nikkei index in Japan closed lower as Greek negotiations drag on and oil prices rise. However, metals and other commodities edged lower. Three former executives of Olympus were arrested by Tokyo police for the accounting scandal.

Australian Index Falls 1.7%; Westpac, Wesfarmers Down on Earnings

Marcus Jacob
16 Feb, 2012
New York City

Australian stocks faced selling pressure after Westpac Bank reported weaker than anticipated earnings. Investors took the latest monthly decline in unemployment in stride. Weak copper prices also dragged resource sector. Wesfarmers reported flat net income growth.

Heightened Greek Rhetoric; Oil Spikes on Iran, Israel Duel

Bikram Pandey
15 Feb, 2012
New York City

Markets in U.S. and Europe traded lower after euro zone ministers delayed the decision on Greek bailout. The European Central Bank is prepared to distribute its profit on Greek bonds to facilitate debt swap. Iran and Israel are locked in deadly embrace that holds hostage oil prices.

Wall Street Declines, Factory Production Rises

Nichole Harper
15 Feb, 2012
New York City

U.S indexes traded sideways after industrial production was unchanged. Factory production increased 0.7% and mining and utility output declined in January. Regional survey of New York indicated expanding manufacturing.

European Markets Await Greek Decision; Heineken Net Falls

Devan Biswas
15 Feb, 2012
New York City

European markets traded sideways as Greek bailout decision got delayed one more time. European leaders urged China to participate in the euro zone bailout funds along with Russia and other oil rich nations. Heineken 2011 earnings fall.

U.S. Movers: Comcast, Deere, Kellogg, MetLife, Scana

Mukesh Buch
15 Feb, 2012
New York City

Comcast fourth quarter net increased 26% to $1.29 billion. Deere & Co. first quarter net increased 4% to $533 million. Kellogg agreed to acquire Pringles business of P&G for $2.7 billion. MetLife fourth quarter net surged to $1.13 billion.

Topix in Japan at 6-month High; Yen at 14-week Low

Nigel Thomas
15 Feb, 2012
New York City

Stocks in Tokyo closed higher for the second row in a row following the expanded asset purchase program by the Bank of Japan. The yen dropped to a 16-week low and export sensitive companies traded higher. Tokio Marine soared 6% after it retained its annual net income outlook.

Australian Stocks Rebound on Earnings; Westfield, Commonwealth Bank Rise

Marcus Jacob
15 Feb, 2012
New York City

Australian stocks edged higher after a flood of earnings. The largest Australian bank Commonwealth Bank reported earnings rise of 7% and retail mall developer Westfield Group said annual net soared 44% from a year ago. Fortescue Metals said first half net more than doubled.

Wall Street Turns Cautious; Greek Worries Mount

Bikram Pandey
14 Feb, 2012
New York City

U.S. stocks declined after soft retail sales in January and rising import prices. Investors were also concerned as euro zone ministers demand more conditions ahead of Greek bailout. L

U.S. Stocks Weak On Softer Retail Sales, Import Prices Rise

Nichole Harper
14 Feb, 2012
New York City

U.S. stocks traded lower and declined from the high of seven-month after retail sales were softer than expected. The broader indexes have jumped more than 25% in the rally that began in October. Banks were among the leading decliners.

U.S. Movers: Avon, BorgWarner, Fossil, HCP, Omnicom, Watson

Mukesh Buch
14 Feb, 2012
New York City

BorgWarner fourth quarter net increased to $122 million. Omnicom quarterly net increased 10% on 7.4% rise in sales. Watson Pharmaceuticals fourth quarter net surged to $94.8 million.

European Bond Yields Ease; L'Oreal, Deutsche Boerse Up

Devan Biswas
14 Feb, 2012
New York City

European markets turned higher after successful bond auctions from Greece, Spain, Italy and Belgium and German bund futures reversed earlier losses to turn positive. German economic sentiment improved in February but Greek economy shrank at annual rate of 7% in the final quarter of 2011.

Bank of Japan Expands Stimulus Program, MS&AD Estimates Loss

Nigel Thomas
14 Feb, 2012
New York City

Stocks in Tokyo trading staged a reversal after the Bank of Japan expanded its asset purchase and lending program by $130 billion to $835 billion. Sumitomo Rubber gained on higher than expected income. MS&AD declined on sharply higher loss linked to Thai floods.

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