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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.

European Markets Advance; Vodafone, Soc Gen, Repsol in Focus

Devan Biswas
08 Nov, 2011
New York City

European markets advanced after investors focused on domestic earnings. Societe Generale third quarter earnings decline on Greek bonds write down and the French bank suspended its dividend. Italian bond yields surged near 7%.

Japan Stocks Extend Losses; Nomura Plunges 15%; Olympus Drops 29%

Nigel Thomas
08 Nov, 2011
New York City

Stocks in Japan declined for the second day in a row as the yen hovered near recent highs. Toyota Motor reported worse than expected operating profit in the first half. Olympus plunged 29% to a 16-year low after the company admitted securities laws violations.

Australian Trade Surplus Falls; September Tourists Arrivals Flat

Marcus Jacob
08 Nov, 2011
New York City

Australian stocks closed higher and the dollar declined. Trade surplus in September declined to A$2.56 billion after exports fell 3% and imports edged down 1%. Short term tourist arrivals were nearly flat in the month at 500,600.

U.S. Stocks Struggle, Berkshire Expands Investments by $23.5 B

Bikram Pandey
07 Nov, 2011
New York City

U.S. stocks struggled on the first of the week as the euro zone turmoil continued and focus shifted to Italy. Bond yields on Italian bonds rose as political uncertainty increased ahead of the parliament vote tomorrow. Berkshire Hathaway expanded the most in 15 years. Gold soared 2.4%.

U.S. Stocks Waver; Jeffries Cuts European Debt Portfolio By Half

Nichole Harper
07 Nov, 2011
New York City

U.S. stocks wavered after investors focused on the political developments in Europe. U.S. domestic earnings lifted stocks in the morning and bond yields rose in Europe. German production fell at the fastest pace in September. CME lowered margin requirements for the transfer of MF Global accounts.

U.S. Movers: CME Group, Cameco, Dish Network, EchoStar, Sysco

Mukesh Buch
07 Nov, 2011
New York City

Cameco third quarter net declined 60% to $39 million. Dish Network third quarter net soared 30.3% to $319 million. EchoStar reported third quarter net loss of $19 million. Sysco first quarter net rose 1.2% to $302.6 million.

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.

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