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Australian Manufacturing in Recession Conditions; Stocks Rebound

Marcus Jacob
13 Sep, 2011
New York City

The benchmark index in Australia rebounded nearly 0.9% a day after it plunged more than 3.5%. The latest survey from a private bank showed manufacturing is conditions that are similar to a recession.

French Banks Default Swaps Soar; Italy Sells

Arthi Gupta
13 Sep, 2011
New York City

The European indexes extended losses as French banks base difficulty in rolling over loans in the U.S. Italy held talks with Chinese officials for possible bank stake sale. The Italian Treasury sold

U.S. Sentiment Focused on Bank Linkages to Europe; Gold Down 2%

Bikram Pandey
12 Sep, 2011
New York City

The U.S. indexes opened lower on the new worries of the euro zone debt and tight linkages between banks across the Atlantic. French banks plunged on the Greek default worries and European markets extended losses of more than 2% for the second day. Oil rebounded 1% and gold dropped 2%.

U.S. Movers: Brady, Broadcom, Colfax, McGraw-Hill, W.W. Grainger

Mukesh Buch
12 Sep, 2011
New York City

Brady fourth quarter net income soared 37% to $29.6 million. Broadcom agreed to acquire NetLogic for $3.7 billion in cash and Colfax agreed to buy Charter International Plc. for $2.4 billion. McGraw-Hill split up into two public companies. W.W. Grainger August sales grew 10%.

UK Indexes Drop 1.6%; Colfax Bids for Charter International

Arthi Gupta
12 Sep, 2011
New York City

The UK indexes declined on global economic woes. The Independent Commission on Banking proposed reforms to create a more stable and competitive UK banking system. Colfax offered to acquire Ireland-based Charter International for

European Worries Drag Global Indexes; Broadcom Acquires NetLogic

Arthi Gupta
12 Sep, 2011
New York City

U.S. indexes traded lower on euro area debt concerns. Broadcom agreed to acquire NetLogic for $3.7 billion. Colfax offered $2.4 billion for Charter International. OPEC lowered oil demand growth for 2011 on weak global economic outlook.

Australian Index Dives 3.7% on Global Worries; Cochlear Plunges 20%

Marcus Jacob
12 Sep, 2011
New York City

The Australian benchmark index declined 3.7% on the global worries. The market overlooked sharp increase in China

OECD Leading Indicator Falls; Italian Production Index Falls

Arthi Gupta
12 Sep, 2011
New York City

The OECD Index of leading indicators fell, Greek import price index rose and Italy

French Banks Plunge 10%, Italy Sells

Arthi Gupta
12 Sep, 2011
New York City

The European indexes plunged after reports on the rising worries of the capital adequacy at French banks. Italy sold

World Markets Plunge 3% on Greek Worries; Record Low in Euro

Bikram Pandey
09 Sep, 2011
New York City

World markets dropped sharply and the euro dropped to a record low against the yen and fell to a 6-month low against the dollar. U.S. and European indexes declined 3% and 2-year bond yields on Greek debt soared to 60%.

U.S. Indexes Drop 3% on Recession Fears, Euro Crisis Deepen

Arjun Dave
09 Sep, 2011
New York City

The U.S. and European indexes dropped more than 3%. President Obama proposed $447 billion jobs stimulus package that was quickly opposed by the Republican lawmakers. German bonds yields dropped to record low since 1999.

U.S. Movers: ABM Industries, Caliper Life, Kroger, Texas Instruments

Mukesh Buch
09 Sep, 2011
New York City

ABM Industries third quarter net income soared 33% to $27.9 million. Caliper Life Sciences said PerkinElmer agreed to acquire for $600 million in cash. Kroger second quarter net earnings rose 1.3% to $280.8 million. Texas Instruments reported third-quarter revenue may fall.

European Markets Drop 3%; BNP Paribas , SG, Deutsche Bank Fall Over 6%

Devan Biswas
09 Sep, 2011
New York City

European markets plunged more than 3% and banks dropped between 5% and 10%. The yields on German and Dutch bonds dropped to record low since the creation of the euro. Nestle in talks to buy Russia based baby food maker. Volkswagen delayed its purchase of Porsche SE.

Nikkei in Weekly Loss of 2.4%; GDP Revised to 2.1% Decline

Nigel Thomas
09 Sep, 2011
New York City

Stocks in Japan declined after GDP shrinkage estimate was revised to 2.1% from the previous read of 1.2% decline. The Nikkei index declined 0.6% and for the week lost 2.4%. Fanuc and other machinery makers declined on the weak GDP data. Fast Retailing gained 1.8% on positive comments.

Australian Stocks Gain; Banks Advance

Marcus Jacob
09 Sep, 2011
New York City

Stocks in Australia edged higher and the benchmark index in the week fell 1.1%. Resources linked companies closed up after the U.S. President Obama proposed $447 billion stimulus plan to create more jobs and improve infrastructure.

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