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European Markets Weaken as Pressure on Berlusconi Intensifies

Devan Biswas
07 Nov, 2011
New York City

European market indexes declined as focus shifted to Italy and bank stocks. Greek banks suffer the worst deposit withdrawals in the last two months as political wrangling sap the economy. Italy faces more political turmoil in the week as the coalition government suffers more defections.

Nikon, Furukawa, Asahi Cut Oulook on Thai Floods; TSE, Osaka in a Deal

Nigel Thomas
07 Nov, 2011
New York City

Tokyo stocks edged lower in weak trading as more companies lower earnings hit by Thai floods. Nikon, Furukawa and Asahi Glass cut down full-year outlook. Tokyo Stock Exchange is nearing a deal to acquire a majority stake in Osaka Securities Exchange.

Australian Stocks Lower; Orica Up, Comutershare Surges

Marcus Jacob
07 Nov, 2011
New York City

Australian stocks edged lower after a leading jobs market indicator showed a weakness in new employment ads. Orica, the explosive maker gained after it reported 4% increase in annual earnings. Computershare surged after it won the U.S. regulatory approval.

Papandreou Survives Vote; Focus Shifts to Berlusconi

Nichole Harper
04 Nov, 2011
New York City

George Papandreou won the closely watched vote that paved the way to form a unity government ahead of the elections that are likely to be held as early as March. The vote is expected to avert a Greek referendum that may set off runs on the banks in many countries in Europe.

World Stocks Volatile; Greece in Chaos and Euro Firm

Bikram Pandey
04 Nov, 2011
New York City

U.S. stocks turned lower after weaker than expected net new jobs additions in October. Unemployment barely budged. Euro was stable as Greek lawmakers look ahead to form a unity party and approve the EU bailout. Groupon Inc closed 30% on the first day of trading and raised $700 million.

U.S. Movers: Alcatel Lucent, Chesapeake, iGATE, LinkedIn, Starbucks

Mukesh Buch
04 Nov, 2011
New York City

Abercrombie third quarter net sales soared 21% to $1.1 billion. Chesapeake third quarter net increased to $879 million. LinkedIn reported third quarter net loss of $1.6 million and raise $100 million. Starbucks fourth quarter net increased 28.5% to $358.5 million.

U.S. Stocks Turn Lower; 80,000 Jobs Increase in October

Nichole Harper
04 Nov, 2011
New York City

George Papandreou won the closely watched vote that paved the way to form a unity government ahead of the elections that are likely to be held as early as March. The vote is expected to avert a referendum that was feared to set off runs on banks in many countries in Europe.

European Markets Ease; Italy in Focus After Greek Flip-flop

Devan Biswas
04 Nov, 2011
New York City

Market indexes in Europe declined a day after rate cut and a cautious outlook from the central bank. Indexes were higher in the morning after Greece reversed its earlier decision to seek a referendum on the EU bailout. Commerzbank reported a loss on Greek bonds write-down.

Nikkei Advances 1.9%; Sony Estimates Loss, Nissan Revises Net Higher

Nigel Thomas
04 Nov, 2011
New York City

Nikkei index in Tokyo gained 1.9% on Friday but for the week lost 2.8%. Sony revised annual loss higher and said it will lose money for the fourth year in a row. Nissan estimated higher profit despite higher yen and Thai floods.

Australian Stocks Rebound 2%; Qantas CEO Grilled

Marcus Jacob
04 Nov, 2011
New York City

Australian stocks rebounded 2% as commodities prices rose and Asian markets closed higher. After a tumultuous day in Greece, prime minister agreed to back away from the referendum after opposition party backed EU deal. Qantas plans to turn Europe business profitable in three three to five years.

S&P 500 Index Extends Gains By 1.9%; Greece Softens Stance

Bikram Pandey
03 Nov, 2011
New York City

U.S. stocks scaled higher for the second day in a row after the European Central Bank lowered its key lending rate 25 basis points to 1.25%. Weekly jobless claims fell below 400,000 level and October chain store sales growth declined. Greek Prime Minister softened his stance on the referendum.

U.S. Movers: Duke Energy, DirecTV, Kellogg, NYSE Euronext, Sara Lee

Mukesh Buch
03 Nov, 2011
New York City

Duke Energy third quarter net decreased to $472 million. DirecTV third quarter net increased 8% to $516 million. Kellogg third quarter net declined 11% to $290 million. NYSE Euronext third quarter net surged 54% to $186 million. Sara Lee reported third quarter net loss of $215 million.

U.S. Stocks Advance; Jobless Claims Fall, Productivity Rises

Nichole Harper
03 Nov, 2011
New York City

U.S. stocks struggled to hold onto early gains after central bank in Europe cut its lending rate. Eastman Kodak estimated a higher annual loss and lower revenues. Third quarter productivity increased at 3.1% and weekly jobless claims fell below 400,000.

European Markets Rally on Rate Cut; Greek Government in Turmoil

Devan Biswas
03 Nov, 2011
New York City

Market indexes in Europe surged after the newly appointed ECB President Mario Draghi lowered key rate to 1.25%. The surprise decision lifted market indexes, banks and financial services companies. Greek turmoil reached to a new low after finance minister voiced his concern on the referendum.

Australian Stocks in 4-day Decline; ANZ Falls, News Corp Up

Marcus Jacob
03 Nov, 2011
New York City

Australian stocks eased for the fourth day in a row. News Corp gained after it reported better than expected earnings but ANZ Group fell 2% on the weak second half earnings. Building products maker Boral declined after it issued a cautious outlook.

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