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Italy Auctions

Arthi Gupta
30 Jan, 2012
New York City

European markets edged lower ahead of the EU leaders meeting in Brussels later today and Italy auctioned

Economic Recovery Falls Short of Expectations; U.S. Stocks Zigzag

Bikram Pandey
27 Jan, 2012
New York City

U.S. indexes fell after the latest economic growth data failed to spark enthusiasm. Ford Motor reported a large net profit on one-time tax gains but operating net lagged on weak Asian and European results. Markets indexes in Europe declined after Greek talks foundered and Spanish jobs surged to 23%.

Australian Indexes Extend Gains for the Fourth Week

Marcus Jacob
27 Jan, 2012
New York City

Australian stocks extended gains for the second day and resource stocks and banks led the advance. Woodside Petroleum said it is looking to sell a stake in its Western Australia based natural gas basin.

U.S. Movers: Amgen, Chevron, Caterpillar, Ford, Procter & Gamble, Starbucks

Mukesh Buch
27 Jan, 2012
New York City

Amgen fourth quarter net slipped to $937 million. Chevron fourth quarter net decreased to $5.1 billion and Caterpillar fourth quarter net surged 60% to $1.54 billion. Ford fourth quarter net surged to $13.6 billion. Procter & Gamble second quarter net slumped 49% to $1.7 billion.

FTSE Falls 1.1%; Irish Retail Sales Improves

Arthi Gupta
27 Jan, 2012
New York City

The UK indexes gained and investors focused on the Greek debt restructuring outcome. Irish retail sales improved in December. BP plc ordered to bear all costs related to the oil spill in the Gulf of Mexico in 2010.

U.S. Recovery Gathers Momentum

Arthi Gupta
27 Jan, 2012
New York City

The U.S. economy gathered steam and expanded at 2.8% annual rate in fourth quarter after growing at 1.8% in the third. Eastman Chemical agreed to acquire Solutia for $4.7 billion. Ford quarterly net soared and reported annual profit for third year in a row.

Italy Sells

Arthi Gupta
27 Jan, 2012
New York City

European markets traded sideways and Italy sold

Euro Area M3 Growth Eases; Spanish Jobless Rate at 23%

Arthi Gupta
27 Jan, 2012
New York City

Euro area money supply growth slowed, German import price inflation eased, and Swedish retail sales rose in December. Spanish jobless rate rose to 22.9% in the fourth quarter. Swiss leading index fell in January.

Weak Home Sales Drag U.S. Indexes Lower

Devan Biswas
26 Jan, 2012
New York City

U.S. stocks declined after new home sales fell unexpectedly in December and dropped 6.2% to a record low in 2011. However, durable goods orders and weekly jobless claims rose. AT&T sold 9.4 million smartphones in the quarter and took $4 billion charge for a failed takeover bid.

U.S. Movers: AT&T, Caterpillar, Carbo Ceramics, Netflix, SanDisk

Devan Biswas
26 Jan, 2012
New York City

Netflix soared after it stemmed subscriber loss and will delay more expansion. SanDisk Corp dropped 10% after it estimated lower than expected sales in the current year. Arctic Cat gained on stronger sales. AT&T swung to a loss on one-time charge linked to its failed T-Mobile USA takeover bid.

UK Indexes Gain 0.9%; Retail Sales Drop

Arthi Gupta
26 Jan, 2012
New York City

The UK indexes advanced and retail sales fell sharply in January. Irish wholesale inflation increased in December and Anglo American reported fourth quarter iron ore output rose.

U.S. Jobless Claims, Durable Orders Rise; Amgen in $1.2 B Deal with Micromet

Arthi Gupta
26 Jan, 2012
New York City

The U.S. indexes edged higher after weekly jobless claims and durable goods orders rose, new home sales declined and leading economic index improved. Amgen agreed to acquire Micromet for $1.16 billion.

Italy Raises

Arthi Gupta
26 Jan, 2012
New York City

European markets rallied after Italy raised

Nikkei Edges Lower; Fanuc Net Rises 22%, Tepco in Bailout Talks

Nigel Thomas
26 Jan, 2012
New York City

Stocks in Japan traded lower as commodities gained in Asian markets trading. Tepco surged on the expectations that the company will accept 1 trillion yen bailout in exchange of two thirds stake. Fanuc said nine-month earnings increased 22% and sales rose 23%.

Fed Extends Near Zero Rate to Late 2014, Greek Talks Drag

Bikram Pandey
25 Jan, 2012
New York City

The U.S. indexes traded higher after the Fed extended near zero interest rate policy to late 2014 and estimated subdued inflation for two more years. The rate setting committee members also estimated unemployment to decline slowly.

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