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Market Update

U.S. Movers: American Water Works, El Paso, Lowe

Mukesh Buch
27 Feb, 2012
New York City

American Water Works fourth quarter net increased to $64.8 million. El Paso fourth quarter net surged to $185 million. HSBC Holdings annual net soared 27% to $16.2 billion. Lowe

UK Indexes Down 1.1%; Essar Energy Swings to Loss

Arthi Gupta
27 Feb, 2012
New York City

The UK indexes edged lower on renewed euro zone worries, a spike in oil prices and an inconclusive G20 meeting at the weekend. The UK home prices remained flat in February. Vedanta confirmed merger of its Indian iron ore and copper divisions.

European Woes Drag U.S. Indexes; Lowe's Net Rises 13%

Arthi Gupta
27 Feb, 2012
New York City

The U.S. indexes and commodities tracked lower on the weakness in world markets. G20 finance ministers rebuffed calls for more lending to the euro zone nations. El Paso agreed to sell EP Energy to Apollo-led consortium for $7.15 billion.

Euro Area Money Supply Grows 2.5%; Italian Confidence Wanes

Arthi Gupta
27 Feb, 2012
New York City

Euro area leading economic index, money supply growth and French producer prices rose in January. Italian confidence declined for the third straight month in February.

Weaker Yen Drives Japanese Stocks; Tokyo Dome Rises 8%

Nigel Thomas
27 Feb, 2012
New York City

The yen continued its steady slide against the dollar and stocks closed lower in a choppy trading. J. Front Retailing agreed to acquire a stake in rival retailer Parcos. Tokyo Dome gained 8% after it estimated fiscal year profit.

G20 Demands Larger Rescue Fund; European Indexes Fall 1.1%

Arthi Gupta
27 Feb, 2012
New York City

The G20 nations demanded Europe to increase the size of its bailout fund. Italy raised

Australian Stocks Fall; Billabong Rejects Buyout Offer

Marcus Jacob
27 Feb, 2012
New York City

Australian stocks edged lower on the first day of trading after higher crude oil price dragged down market indexes in China, India and Japan. Mining companies traded lower. Billabong rejected $765 million offer. Telstra Corp released its broadband Internet access plans for consumers.

World Markets Rest; U.S. Home Sales Struggle

Bikram Pandey
26 Feb, 2012
New York City

U.S. stocks advanced in the week after investors focused on domestic earnings and worries in the euro zone subsided for now. U.S. new home sales in January fell 0.9% and 2011 sales were the fewest since record keeping began five decades ago.

UK Economy Contracts; Lloyds Annual Loss Widens

Arthi Gupta
24 Feb, 2012
New York City

The UK indexes edged higher after gross domestic product contracted 0.2% and business investment declined in the fourth quarter. The UK services index rose in December.

U.S. Indexes Higher; Dell Acquires AppAssure; AIG Net Soars 77%

Arthi Gupta
24 Feb, 2012
New York City

The U.S. indexes advanced ahead of key domestic economic data. P&G planned to cut 5,700 jobs aimed at cost savings of $10 billion by 2016. Dell agreed to acquire AppAssure. Citigroup sold its 9.85% stake in India-based Housing Development Finance Corp. for $1.9 billion.

German Economy Shrinks 0.2%; French Confidence Improves

Arthi Gupta
24 Feb, 2012
New York City

The German economy contracted in the fourth quarter. Eurocoin indicator rose and French consumer confidence improved in February. Spanish producer price inflation eased in January.

Italy Raises

Arthi Gupta
24 Feb, 2012
New York City

The European indexes gained on strong earnings. The Greek parliament approved the debt swap deal with its private creditors. Italy sold

U.S. Movers: American Tower, Express Scripts, Kohl

Mukesh Buch
23 Feb, 2012
New York City

American Tower fourth quarter net surged 141% to $201.3 million. Express Scripts fourth quarter net slumped to $290.4 million. Kohl

UK Mortgage Approvals Rise; RBS Annual Loss Widens

Arthi Gupta
23 Feb, 2012
New York City

The UK indexes climbed after manufacturers estimated output to grow over the coming three months. The UK mortgage approvals and Irish consumer price index increased in January. British American Tobacco fiscal year 2011 net and revenue rose.

U.S. Weekly Jobless Claims Flat; Sears Swings to Loss

Arthi Gupta
23 Feb, 2012
New York City

The U.S. indexes edged higher after weekly jobless claims remained unchanged at 351,000. Sears agreed to sell eleven stores to General Growth Properties for $270 million and planned a rights offering to raise nearly $400 million to $500 million.