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U.S. Movers: American Tower, BB&T, Pfizer, Thomson Reuters, Allstate

Mukesh Buch
01 Nov, 2011
New York City

American Tower third quarter net swung to $15.7 million. Baker Hughes third quarter net soared to $706 million. BB&T to acquired BankAtlantic. Pfizer third quarter net surged to $3.7 billion. Thomson Reuters third quarter net increased to $381 million. Allstate net declined 55% to $165 million.

S&P 500 Index Plunges 2.6% on Renewed Euro Zone Volatility

Devan Biswas
01 Nov, 2011
New York City

U.S. indexes declined on the renewed worries about the euro zone and growing scepticism about the recent debt accord. Manufacturing index showed a decline on weaker export orders. MF Global may face regulatory investigation in bankruptcy.

European Markets Plunge 5% on Greek Referendum Worries

Devan Biswas
01 Nov, 2011
New York City

European markets plunged after Greece decided to seek a referendum on EU bailout terms. The surprise decision stunned the European markets with indexes plunging more than 5% in the region. Yields on Italian and Spanish bonds rose.

Nikkei in Tokyo Declines 1.7%; Thai Floods Delay Auto Production Revival

Nigel Thomas
01 Nov, 2011
New York City

The Nikkei index in Tokyo declined on fresh worries in the euro zone. The yen traded near its 3-month high after finance ministry intervened in the currency market. Japanese auto makers suffer production delays till December on Thai floods.

Australia Cuts Rate to 4.5% and Home Prices Fall 1.2%

Marcus Jacob
01 Nov, 2011
New York City

Australian indexes declined tracking weak markets in Asia and Reserve Bank of Australia lowered rate by 25 basis points to 4.5%. Home prices declined for the third quarter in a row with Brisbane leading the fall.

S&P 500 Index Drops 2.5%, Gains 11% in October; World Markets Slide

Bikram Pandey
31 Oct, 2011
New York City

U.S. indexes dropped 2% and finished the October with the best monthly gains in more than a decade. MF Global sought bankruptcy protection in a New York court after it lost bests on European sovereign bonds. Financials dropped and commodities turned lower.

U.S. Movers: Humana, Honda Motor, Haemonetics, Loews

Mukesh Buch
31 Oct, 2011
New York City

AbitibiBowater third quarter net loss narrowed to $44 million. Humana third quarter net increased 13.1% to $444.8 million. Loews third quarter net soared to $162 million. Sohu.com third quarter net income increased 17% to $46.8 million.

Spanish Economic Growth Halts; Credit Suisse Cuts 1,000 Jobs

Devan Biswas
31 Oct, 2011
New York City

European indexes declined and yields on Italian and Spanish bonds gained. Belgium completed the sale of

U.S. Indexes Head Lower; MF Global Files Bankruptcy

Nichole Harper
31 Oct, 2011
New York City

U.S. stocks trended lower on the last trading day of October and indexes soared more than 11% in the month. The S&P 500 index gained 11.8% and the Nasdaq index added 11.9% in the month. MF Global filed for bankruptcy protection after the deal with Interactive Brokers fell apart.

Yen Drops 4% on Japanese Intervention; Ebara, Mitsui OSK Fall

Nigel Thomas
31 Oct, 2011
New York City

Finance ministry in Japan intervened in the currency market and propped up the yen by 4%. The yen had traded near its 25-year high. Stocks declined and investors surmised the intervention will not sustain the weaker yen. Ebara Corp plunged 11% and Mitsui OSK dropped 4% on weak earnings outlooks.

Best Monthly Gains in Australian Stocks in 2 Years; Qantas Up 4%

Marcus Jacob
31 Oct, 2011
New York City

Australian stocks closed lower on the last day of October and but gained 7.1% in the month. October month gain was the best since July 2009. Banks led the decliners and resource stocks closed mixed. Qantas resumed flight operations after an order from labor tribunal.

Qantas to Resume Flights; But For How Long

Arjun Dave
30 Oct, 2011
New York City

Fair Work Australia ordered Qantas strike suspended early Monday morning and flights are expected to resume in the afternoon. However, structural problems at Qantas are not going to go away as the airline reposition in Asia and battles for a profitable market share in long haul travel to Europe.

Investors Dial Back Europe Accord Enthusiasm; U.S. Confidence Index Up

Bikram Pandey
28 Oct, 2011
New York City

U.S. stocks declined and the S&P 500 index declined after a rally on Thursday. Investors recalibrated their enthusiasm about Greek bond restructuring and European bank recapitalization plan. Yields on Italian bonds surged near record.

Cablevision, Whirlpool, Expedia Fall; Goodyear, Baidu, Chevron, CBRE Rise

Devan Biswas
28 Oct, 2011
New York City

Cablevision Systems declined after it lost more than estimated video service subscribers. Cigna Corp turned lower and the company lifted annual earnings outlook. Whirlpool Co plunged after it reported weaker sales and plans to cut 5,000 jobs. China based search engine operator Baidu Inc jumped.

U.S. Stocks Sideways; Cigna Lifts Outlook; Chevron Net Doubles

Nichole Harper
28 Oct, 2011
New York City

Stocks in New York eased after a sharp rally on Thursday. Consumer spending accelerated and rose 0.6% in September and consumer confidence index was revised higher in October. Whirlpool Corp plans to cut 5,000 jobs and Chevron said third quarter net more than doubled. Cigna lifted annual outlook.

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