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Sixth Day of Losses in Australia; 10-year Bond at 3.8%

Marcus Jacob
25 Nov, 2011
New York City

Australian stocks eased on the growing euro zone worries and weak commodities. Australian completed the sale of $700 million of 5-year bonds that yielded 3.25%. The yield on 10-year bond declined to the low last seen in March 2009. Woodside Petroleum fell after new natural gas wells were abandoned.

India Hopes Foreign Retailers Will Lower Food Inflation

Devan Biswas
24 Nov, 2011
New York City

India

Global Markets Falter as Euro Stress Seeks Next Targets

Bikram Pandey
24 Nov, 2011
New York City

Global markets declined as the debt stress in the euro zone extended to Germany and fears mount that the deepening contagion may soon engulf the UK and the U.S. where bond yields do not reflect economic realities. The euro edged lower and commodities declined in a quiet trading in Europe.

Nikkei Drops to 31-month Low; Toyota, SMFG, Nippon Yusen Down

Nigel Thomas
24 Nov, 2011
New York City

The benchmark index in Japan fell to the lowest in the year and dropped to the low last seen in April 2009. Failed German debt auction highlighted the deepening stress in the euro zone that may extend to UK and U.S. Exporters to Europe led the decliners and freight ship liners plunged to a new 1ow.

Australian Stocks Struggle; David Jones Sales Drop 11%

Marcus Jacob
24 Nov, 2011
New York City

Australian stocks drifted lower and commodities prices struggled in Asian trading. Banks led the weak sectors as debt contagion in the euro zone overwhelmed German government bond auction. David Jones said quarterly sales dropped 11.2% and reaffirmed the weak profit outlook.

UK Economic Growth Unrevised at 0.5%, Dixons Surges 9%

Arthi Gupta
24 Nov, 2011
New York City

The UK indexes rose after the third quarter economic growth estimate was held at 0.5% but business investment declined. The UK services index rose in September and Ireland said annualized wholesale prices increased in October.

German Economy Expands 0.5%; Home Loans in Spain Drop 42%

Arthi Gupta
24 Nov, 2011
New York City

The German economy expanded 0.5% in the third quarter and business confidence improved unexpectedly in November. Spanish home loans approvals fell in September. Hungarian retail sales eased in September.

German Confidence Lifts European Indexes; Portuguese Strike

Arthi Gupta
24 Nov, 2011
New York City

European indexes gained after German business confidence unexpectedly improved in November. Greek opposition leader signed a conditional pledge backing austerity measures. Portuguese workers strike paralyzed nation.

Intuit Q1 Earnings Call Transcript

123jump.com Staff
24 Nov, 2011
New York City

The software company said quarterly revenues rose 12% to $594 million. Net quarterly loss narrowed 8.6% to $64 million. The company lost 21 cents per share versus a loss of 22 cents per share a year-ago quarter and estimates revenues between $1 billion and $1.02 billion for the second quarter.

World Markets Sell-off Spreads on Weak German Debt Auction

Bikram Pandey
23 Nov, 2011
New York City

U.S. and world markets accelerated the decline as global economic uncertainty intensifies. The failure of German bond auction at near record low rates unnerved stock markets on both sides of the Atlantic. The latest batch of the U.S. economic data also painted a mixed picture.

UK Home Loans Rise; Weir Group Buy Seaboard Holdings

Arthi Gupta
23 Nov, 2011
New York City

The UK indexes dropped after mortgage approvals rose in October. The Bank of England policymakers were unanimous on maintaining the asset purchase program and leaving the key rate unchanged. Weir Group agreed to acquire an oil service company for

U.S. Movers: Deere, Eaton Vance, Nuance Communications, TiVo, Valspar

Mukesh Buch
23 Nov, 2011
New York City

Deere & Co. fourth quarter net soared to $669.6 million. Eaton Vance fourth quarter net decreased to $46.8 million. New Jersey Resources fourth quarter net loss swung to $7.51 million. Valspar reported fourth quarter net income of $295.7 million.

U.S. Weekly Jobless Claims, Fed to Conduct Stress Tests

Arthi Gupta
23 Nov, 2011
New York City

The U.S. durable goods orders declined 0.7% in October, weekly jobless claims rose to 393,000, and mortgage demand eased. The Fed announced stress tests for banks that will cover 31 banks. Merck agreed to pay $950 million to settle claims related to Vioxx.

Manufacturing in Europe Weakens; German Output Stagnates

Arthi Gupta
23 Nov, 2011
New York City

Euro area private sector activity contracted and French business sentiment index fell in November. Industrial new orders in the euro area fell whereas Norway''''s jobless rate remained steady in September.

More Banks in Euro Zone Seek ECB Loans; Confidence Falls

Arthi Gupta
23 Nov, 2011
New York City

European indexes declined and more banks in the region accesses short term loans from the ECB. Hungary increased value-added tax to 27%, the highest in the European Union. France and Belgium wrangle over the bailout of Dexia. Germany failed to sell only 60% of

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