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U.S. Indexes Higher on the Prospect of EU Plans

Bikram Pandey
06 Dec, 2011
New York City

U.S. and European markets traded sideways and metals declined. U.S. indexes followed weak European and Asian markets after a rating agency placed 15 euro zone nations on a rating watch. An independent panel said management at Olympus hid losses of $1.5 billion.

U.S. Movers: 3M, AutoZone, Clearwire, Leap Wireless, Toll Brothers

Mukesh Buch
06 Dec, 2011
New York City

3M Company affirmed its 2011 earnings and anticipated better 2012 outlook. AutoZone first quarter net increased 11% to $191 million. Clearwire plans to raise $300 million in a public offering. Toll Brothers fourth quarter net declined to $15 million.

Nikkei in Tokyo Drops 1.4%; Meiji Plunges on Cesium Scare

Nigel Thomas
06 Dec, 2011
New York City

Stocks and indexes in Tokyo trading fell on the worries that the euro zone summit at the end of the week may not produce intended results. Meiji, the maker of powdered milk recalled 40,000 cans after a radioactive contamination scare.

UK Home Prices, Retail Sales Fall; Wolseley Revenue Up 5%

Arthi Gupta
06 Dec, 2011
New York City

UK indexes traded flat and investors were cautious ahead of the 2-day summit in Europe. Home prices, retail sales and car registrations in the UK declined. BP accused Halliburton of destroying unfavorable results from tests on cement used to plug the well in the Gulf of Mexico.

European Worries Drag Global Indexes; Toll Brothers Net Slumps

Arthi Gupta
06 Dec, 2011
New York City

The U.S. indexes futures gained despite the worsening euro area debt crisis. Standard & Poor''s warned that it may downgrade debt ratings of 15 euro-zone nations, including France and Germany if the EU summit this week is inconclusive. Toll Brothers quarterly net plunged 70%.

Rate Cut in Australia; Vale Lowers Iron Ore Prices 23%

Marcus Jacob
06 Dec, 2011
New York City

Australian stocks declined after Reserve Bank lowered its benchmark rate 25 basis points to 4.25%. The second rate cut in as many months also raised worries that the growing debt contagion in the euro zone may affect Australia. Santos Limited began its gas processing plant in Western Australia.

Euro Area GDP Unrevised at 0.2%; German Factory Orders Jump 5.2%

Arthi Gupta
06 Dec, 2011
New York City

The euro area economy expanded an unrevised 0.2% in the third quarter. Germany''s factory orders soared and Czech retail sales improved in October. Switzerland''s consumer prices declined in November.

IMF Approves Disbursement for Greece; RWE Plunges 9%

Arthi Gupta
06 Dec, 2011
New York City

European indexes edged lower after S&P placed sovereign ratings of 15 euro area nations on watch for potential downgrades. The IMF approved

U.S. Stocks Trim Gains; Merger Deals of $7 Billion

Bikram Pandey
05 Dec, 2011
New York City

U.S. stocks trimmed gains as European leaders prepared for a summit on Friday that may accelerate the fiscal integration in the euro zone. Italy and Ireland propose austerity measures as bond yield edge lower in the region. In merger news $7 billion of deals were announced.

U.S. Movers: Alexander & Baldwin, Dollar General, ITC, SuccessFactors

Mukesh Buch
05 Dec, 2011
New York City

Alexander & Baldwin plan to separate in to two independent publicly traded companies. Dollar General said third quarter net soared 34% to $171.2 mn. Entergy Corp. agreed to merge its electricity transmission business with ITC. SuccessFactors agreed to be acquired by SAP America, Inc. for $3.4 bn.

UK Services Growth Improves; Michael Page Plunges 10%

Arthi Gupta
05 Dec, 2011
New York City

The UK indexes climbed on euro area optimism. The UK service sector growth improved in November and manufacturing industry association lowered its estimate for the growth in the sector to 0.9% from the previous forecast of 2.2%. Aberdeen Asset Management Plc fiscal year 2011 net surged 83%.

U.S. Indexes Higher; Equity Residential Buys Stake in Archstone

Arthi Gupta
05 Dec, 2011
New York City

The U.S. indexes futures edged higher after positive developments in Europe. The Italian Parliament is expected to approve

Japan Extends Rally; Fast Retailing Up

Nigel Thomas
05 Dec, 2011
New York City

Stocks in Japan extended gains of the last week. Investors bid up export sensitive stocks on the hopes that the European leaders will have a plan to ready ahead of the summit later in the week. Fast Retailing Co jumped 4.5% after November same store sales declined 1% from a year ago.

Euro Zone Retail Sales Improve; Spanish Output Falls

Arthi Gupta
05 Dec, 2011
New York City

Euro zone retail sales rebounded but Spanish industrial production fell in October. Euro area investor sentiment weakened in December and private sector economy contracted in November. Finland said gross domestic product rose 0.9% in the third quarter.

6-day Rally in Australian Stocks; Aston, Whitehaven Coal Talk Merger

Marcus Jacob
05 Dec, 2011
New York City

Australian indexes rallied for the sixth day and lifted gain in the period to 8%. Market sentiment was positive ahead of the RBA meeting tomorrow. Aston Resources confirmed merger talks with Whitehaven Coal. Aquila Resources won approval to build a rail line to transport iron ore in Pilbara region.

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