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Wall Street Higher on Narrower Deficit; Italy, France Stay in Focus

Bikram Pandey
10 Nov, 2011
New York City

U.S. stocks traded higher a day after the indexes plunged 3.7%. Earnings and narrower trade deficit played a role in improving the sentiment. Worries for the euro zone eased after Italy successfully sold bonds but at a higher rate. U.S. trade deficit declined and China''''s export growth slowed.

U.S. Weekly Jobless Claims Decline; China Export Growth Slows

Nichole Harper
10 Nov, 2011
New York City

U.S. stocks gained on positive earnings and a sustained rise in Chinese trade. Market sentiment was bolstered at the opening after Italy completed the sale of

U.S. Movers: 99Cents, CGI Group, Cisco, EDGAR, Kohl

Mukesh Buch
10 Nov, 2011
New York City

99Cents second quarter net increased to $15.1 million. Cisco first quarter net fell 7.9% to $1.8 billion. Kohl

Italian Bond Auction Steadies European Markets; Uniqua Down, Repsol Up

Devan Biswas
10 Nov, 2011
New York City

European markets stabilized after Italy successfully completed the sale of 1-year note but at nearly twice the rate only five weeks ago. Market indexes across the region were generally higher. Greek Prime Minister designate Lucas Papademos reaffirmed the commitment to euro.

Japan, Asian Markets Drop; Machinery Orders Fell 8.2%

Nigel Thomas
10 Nov, 2011
New York City

Japan stocks declined following the regional losses in Asian markets. Banks were among the leading decliners. Machinery orders in September fell 8.2%. Olympus stock plunged daily limit as police inquiry begins.

Australia Adds10,000 Jobs in October, Faifax Sells His State

Marcus Jacob
10 Nov, 2011
New York City

Australian stocks recovered from the early selloff after China reported rising imports. Australia added net new 10,100 jobs in October. Brambles quarterly net soars 32%. John B. Fairfax sold his remaining 9.7% in the namesake media company.

Global Markets Fear Italian Crisis Fallout; S&P 500 Down 3.7%

Bikram Pandey
09 Nov, 2011
New York City

U.S. indexes plunged as investors began to digest the global implications of the Italian and the euro zone turmoil. Italian bond yields surged over 7%, the level that brought down four other governments and required bailouts from the European authorities. Gold dropped 2%, copper declined 5%.

U.S. Movers: Ashland, Dean Foods, GM. HSBC, Macy

Mukesh Buch
09 Nov, 2011
New York City

Ashland reported fourth quarter net loss widened to $263 million. Dean Foods said net in third quarter swung to a loss $1.54 billion. General Motors third quarter net fell to $1.7 billion. Macy

S&P 500 Index Down 2.2%; GM, Adobe, Ralph Lauren, Blue Nile Drop

Nichole Harper
09 Nov, 2011
New York City

U.S. indexes opened lower after the euro zone stress overwhelmed bonds and equities markets. Italian yields rose and the euro declined. Adobe Systems dropped 10% after it announced a restructuring. Blue Nile plunged 30% on weak margins and lower earning. Weight Watchers declined 8%.

European Markets Drop 2%; Vestas, Impregilo, EADS Fall

Devan Biswas
09 Nov, 2011
New York City

European markets were on the defensive after investors face a protracted political wrangling in Italy and Greek leaders struggled for the third day to appoint a new government. Bond markets were nervous with Italian yields surging to new high of 7%. Vestas Wind Systems cut its annual outlook.

Japanese Ball-Bearings Makers Drop; Nomura, Sumitomo Mitusi Fall

Marcus Jacob
09 Nov, 2011
New York City

Stocks in Japan gained after industrial and export companies led the gainers. Isuzu Motor reported better than expected earnings and ball-bearings makers plunged on the antitrust inquiry from the European Union regulators. Nomura and Sumitomo Mitsui Financial dropped on the widening Olympus scandal.

Australian Bankruptcies Rise; Myer Holds Annual Outlook

Marcus Jacob
09 Nov, 2011
New York City

Australian stocks edged higher after confidence index rose and better than expected earnings from Myer and Seven Group Holdings. Bankruptcy filings increased 18% in the third quarter to 2,961.

S&P 500 Index Advances 1.2%; Berlusconi Offers Conditional Resignation

Bikram Pandey
08 Nov, 2011
New York City

U.S. indexes gained more than 1% led by an increase in financial and resource stocks. Italian Prime Minister offered a conditional resignation that may lead to early elections. Banks in Europe took more write down on Greek bonds and UK retail sales were weaker than expected. M&S sales dropped 10%.

U.S. Stocks Sideways; Berlusconi Loses Key Vote

Nichole Harper
08 Nov, 2011
New York City

U.S. stocks traded sideways and commodities rose after positive earnings. McDonald

U.S. Movers: AmeriGas, Fossil, General Dynamics, priceline.com, Rockwell

Mukesh Buch
08 Nov, 2011
New York City

AmeriGas said fourth quarter net loss widened to $45.2 million. Fossil third quarter net rose 2.1% to $69.6 million. General Dynamics agreed to acquire Force Protection. priceline.com third quarter net soared to $469.5 million. Rockwell fourth quarter soared 53% to $201.8 million.

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