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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.

German Confidence Improves; Spanish Home Mortgages Slump

Arthi Gupta
23 Feb, 2012
New York City

German business confidence improved more than estimated in February. Spanish home mortgages slumped and consumer spending in the Netherlands eased in December.

European Commission Forecasts Mild Recession; Allianz Net Slumps

Arthi Gupta
23 Feb, 2012
New York City

The European Commission said the euro area is likely to see a mild recession. German business sentiment improved more than estimated in February. Allianz, Cr

World Markets Struggle; U.S. Home Sales Gain 4.3%

Bikram Pandey
22 Feb, 2012
New York City

World markets traded declined from the recent highs and the U.S. stocks edged lower from a 4-year high after home sales increase was less than expected. Oil gained for the second day in a row.

Nikkei in Tokyo Rises 1%; Weak Yen Lifts Exporters

Nigel Thomas
22 Feb, 2012
New York City

Stocks in Japan closed higher after positive sentiment lifted indexes. The yen declined to a new low in last six months and investors took optimistic view of the Greek bailout decision. Seibu Electric agreed to sell minority stake to Toyota Motor. Dentsu Inc lifted its annual income outlook.

UK Indexes Decline; Logica Surged on Earnings

Arthi Gupta
22 Feb, 2012
New York City

The UK indexes dipped on speculation if Greece would be able to fulfill the conditions set by its lenders. The Bank of England policy makers were split on asset purchase program. Centrica agreed to acquire portfolio of UK North Sea assets from British Gas for

U.S. Movers: Chico

Mukesh Buch
22 Feb, 2012
New York City

Chesapeake Energy fourth quarter net surged to $429 million and Dell Inc quarterly net declined 18% to $764 million. Hewlett-Packard first quarter net declined 44% to $1.47 billion. Retailer, TJX Companies fourth quarter net surged to $475.9 million. Toll Brothers swung to a quarterly loss.

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