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U.S. Indexes Turn Lower on Euro Worries

Arthi Gupta
28 Dec, 2011
New York City

The U.S. indexes fell on the worries that the euro zone may need more help from politicians and the central bank. Italy successfully completed bond auction at a sharply lower borrowing costs. Morgan Stanley plans to cut 580 jobs in New York City.

Nikkei in Japan Struggles Near Yearly Low

Nigel Thomas
28 Dec, 2011
New York City

Stocks in Japan edged lower and trading volume hovered near the lows last seen seven years ago. Tepco dropped 12% today after a minister urged the company to temporarily relinquish the control to access government aid. J. Front Retailing lifted annual earnings estimate.

Australian Index Drops 1.3%; Oakjee Port Sale Approved

Marcus Jacob
28 Dec, 2011
New York City

Australian stocks declined and the benchmark index fell 1.3% and retail sales in the holiday period were estimated to be flat or declined slightly. Australia approved the sale of Murchison Metals stake in Western Australia port and rail project to Mitsubishi.

Italian Yields Drop in

Arthi Gupta
28 Dec, 2011
New York City

European markets edged higher after Italy successfully auctioned

S&P 500 Index Barely Positive, European Markets Near Bear Zone

Bikram Pandey
27 Dec, 2011
New York City

U.S. stocks traded sideways as world markets rested after a tumultuous year. The nine-month period to the year-end was one of the most volatile times in global markets in the last three as the euro zone crisis raged and sovereign debt yields soared. Oil closed above $100 a barrel.

U.S. Stock Futures Flat; Sears-Kmart to Close 100-120 Stores

Arthi Gupta
27 Dec, 2011
New York City

The U.S. indexes traded lower after home prices declined 3.4% and consumer confidence rose to an eight month high. Italian bond jumped above 7% ahead of last debt auction this Friday. Sony agreed to sell its 50% stake in LCD joint venture to Samsung for $940 million.

Tepco May Face Nationalization; Takashimaya, Tsudakoma in Focus

Nigel Thomas
27 Dec, 2011
New York City

Stocks in Japan edged lower and the trading sentiment remained weak. Market volume was the lowest in the year and the weakest at least in seven years as international markets grind to a halt. Tepco may have to give up control of the company to receive government aid. Takashimaya lowers annual view.

France Telecom Sells Orange for

Arthi Gupta
27 Dec, 2011
New York City

European markets edged higher. The European Central Bank allotted

U.S. Indexes Turn Positive in 2011, Stocks in 4-day Rally

Bikram Pandey
23 Dec, 2011
New York City

U.S. stocks extended gains for the fourth day in a row and the popular indexes advanced to the positive in the year. Broader indexes gained 3.6% in the week and closed up 0.5% in the year. Tech heavy indexes added 2.4% in the week and still down in the year.

U.S. Consumer Spending Rises 0.1%, Durable Orders Climb 3.8%

Devan Biswas
23 Dec, 2011
New York City

U.S. stocks opened higher and extended gains for the fourth day and consumer spending rose and core business spending declined. The House is set to extend payroll cut by two more months. European markets traded higher after Italian lawmakers approved austerity package of

Italy Approves

Devan Biswas
23 Dec, 2011
New York City

European markets traded higher as benchmark indexes in France and German gained more than 1%. Italy approved the austerity measures that will increase taxes and extend retirement age and cut spending by

Hang Seng Advanced 1.4%; China Tianrui IPO Soared 26%

Nigel Thomas
23 Dec, 2011
New York City

Stocks in Hong Kong closed higher and retained the positive bias in the last three days. The Hang Seng index increased 1.4% and for the week declined 1.9%. The cement maker China Tianrui soared 26% on its first day of trading.

Australian Miners Rebound; Gloucester Receives $2.2 Billion Offer

Marcus Jacob
23 Dec, 2011
New York City

Australian benchmark index increased more than 1% and for the week closed down 0.5%. Gloucester Coal received $2.2 billion merger offer from China based Yanzhou Coal. Retailers traded weak on the worries that the slump may extend next year.

Wall Street in 3-day Rally; European Markets Advance 1%

Bikram Pandey
22 Dec, 2011
New York City

Stocks in New York traded higher for the third day in a row after weekly jobless claims declined and added to a string of positive economic news. Third quarter estimate was revised lower to 1.8%. Market indexes in Europe gained after central bank offered more liquidity.

U.S. Movers: Akamai, Herman Miller, Mead Johnson, Micron, Tibco, Yahoo

Devan Biswas
22 Dec, 2011
New York City

Akamai soared after it acquired Internet infrastructure provider for $268 million. Herman Miller declined 9% on weak estimate of third quarter sales. Bank of America agreed to pay $335 million to settle charges stemming from Countrywide. WCA Waste agreed to a merger deal. Mead Johnson dropped 8%.

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