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Australian Stocks Ease; News Corp Faces Inquiries

Marcus Jacob
14 Feb, 2012
New York City

Stocks in Sydney trading closed lower on a weakness in resource sector and banking stocks. Tabcorp Holdings plans to raise $200 million in a debt offering. News Corp faces more inquiries after unearthing of evidence that linked James Murdoch to the wider hacking practice.

Domestic Focus Lifts U.S. Indexes; Oil Above $100

Bikram Pandey
13 Feb, 2012
New York City

U.S. stocks traded higher after indexes declined for the first time last week as investors focused on domestic earnings and events. Industrials, energy and technology sectors led the broad rally today. Oil jumped above $100 on new tension linked to Iran and Saudi Arabia.

Ryan Says Obama Budget Hollows Defense and Massive Taxes on Families

Arjun Dave
13 Feb, 2012
New York City

President Obama proposed tax incentives for manufacturing and a large corporate tax overhaul that could lower maximum tax rate and levy minimum taxes on filers with more than $1 million of income. Republicans vowed to stymie the plan that cuts the military spending by only 1%.

U.S., World Markets Advance on Greek Vote

Nichole Harper
13 Feb, 2012
New York City

U.S. indexes traded higher on the first day after Greek lawmakers approved additional austerity measures and the euro advanced. Commodities and oil edged higher. Republican lawmakers gird for a fight the fiscal 2013 budget that cuts defense spending by only 1% and closes corporate loopholes.

U.S. Movers: Chesapeake, Diebold, Regeneron Pharmaceuticals, Grainger

Mukesh Buch
13 Feb, 2012
New York City

Chesapeake Energy will raise $10 billion to $12 billion from asset sale. Diebold fourth quarter net income swung to $79.8 million and Regeneron Pharmaceuticals fourth quarter net loss widened to $53.4 million. W.W. Grainger said January sales increased 17%.

Greek Parliament Approves Additional Austerity; Italian Yields Fall

Devan Biswas
13 Feb, 2012
New York City

European markets advanced after Greek lawmakers approved deeply unpopular economic measures as people rioted on the streets of Athens. Italy completed the short term debt sale of

Japanes Economy Shrank 0.6%; Tepco Estimates Higher Loss

Nigel Thomas
13 Feb, 2012
New York City

The Nikkei index gained after losses for two days in a row. The GDP in December quarter shrank at 0.6% on weaker than expected exports. Fanuc advanced after the company plans to double its machine tools capacity at a plant near Tokyo. Tepco estimated higher loss.

Australian Stocks Higher; ANZ Lifts Rates, NAB Cuts Jobs

Marcus Jacob
13 Feb, 2012
New York City

Australian stocks traded higher on the hopes that Greek Parliament approval will contain the debt contagion in Europe. ANZ was the latest bank to break ranks with the RBA and increase rates and NAB announced job cuts but failed to trim executive salaries and bonuses.

World Markets Slump on New Greek Worries

Bikram Pandey
10 Feb, 2012
New York City

World markets slide after Greek turmoil put investors on edge. Market indexes in Europe and in New York dropped 1% or more and commodities declined. The U.S. trade deficit surged on rising imports from China and growing purchase of crude oil.

U.S. Stocks Fall On New Greek Worries; Oil Halts 3-day Rally

Nichole Harper
10 Feb, 2012
New York City

U.S indexes dropped 1% as investors were on the defensive as Greek debt talks reach next hurdle. Crude oil halted 3-day rally and commodities declined on the economic worries. LinkedIn jumped 9% after net income soared 30%.

European Markets Slide; Barclays Rise, Total and Saab Fall

Devan Biswas
10 Feb, 2012
New York City

European markets traded lower after the euro zone finance ministers set more conditions for Greece before releasing the next bailout funds. Saab declined 9% after quarterly orders were below expectations. Barclays accelerated plans to cut expenses and trim bonuses.

U.S. Movers: Alliant Energy, Calpine, FLIR Systems, PPL, LinkedIn

Mukesh Buch
10 Feb, 2012
New York City

Alliant Energy fourth quarter net increased to $57 million. Brookfield Office fourth quarter net slumped to $338 million and PPL Corp. fourth quarter net increased to $401 million. Telus Corp. fourth quarter net increased 5% to $237 million.

Nikkei Backs Down, Softbank Jumps

Nigel Thomas
10 Feb, 2012
New York City

Stocks in Japan declined and market averages edged lower as corporations reported mixed earnings. Softbank surged on the prospects of China based Alibaba.com going private. Freight shipping companies gained on the price hike for container shipments.

Australian Banks Raise Rates; Stocks Fall

Marcus Jacob
10 Feb, 2012
New York City

Australian stocks edged lower for the second day following weak results from BHP Billiton and Rio Tinto. Ongoing turmoil in Greece also weighed on investor sentiment. ANZ and Westpac raised interest rates on mortgage lending.

U.S. Markets Advance on Earnings, Greece at Next Hurdle

Bikram Pandey
09 Feb, 2012
New York City

U.S. stocks traded higher on positive domestic earnings and renewed market optimism. Greek negotiations reached next hurdle as lawmakers prepare to approve agreement with international lenders this weekend. Inflation in China surged to a seven month high.

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