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U.S. Indexes in Weekly Loss of 5%; HP Plunges 20%

Bikram Pandey
19 Aug, 2011
New York City

Global markets continued to slide for the third day in a row and tech stocks led the decline. The U.S. and European indexes extended losses with banks facing another round of sovereign bonds losses as the euro-zone debt contagion spreads to Italy and France. Hewlett-Packard plunged 20%.

U.S. Movers: Ann, Autodesk, Hewlett-Packard, Intuit, Gap, Salesforce

Mukesh Buch
19 Aug, 2011
New York City

Autodesk second quarter net income increased to $71.2 million. Hewlett-Packard third quarter net income rose 9% to $1.9 billion. Intuit reported fourth quarter net loss in the quarter widened 19% to $57 million. Gap second quarter net income decreased 19% to $189 million.

UK Index in Weekly 5% Loss; Autonomy Surges on HP Bid

Arthi Gupta
19 Aug, 2011
New York City

The UK indexes traded lower on escalating economic worries in the U.S. and the rising tensions in the euro area. The UK budget deficit was less than estimated in July. Autonomy surged 75% on a takeover proposal of

Nikkei in 3-day Losses, Nikon, Inpex, Toyota Fall

Nigel Thomas
19 Aug, 2011
New York City

The Nikkei index in Tokyo dropped 2.5% after markets in Asia declined sharply on the renewed economic worries in the U.S. and Europe. The yen traded near its record high as speculators seek safety. The chipmakers extended losses for the second day.

S&P 500 Lower on Global Markets Sell-off; HP Net Rises 9%

Arthi Gupta
19 Aug, 2011
New York City

U.S. indexes decline for the third day in a row as global economic worries intensify. AIG reduced U.S. Treasury stake in its subsidiary by repaying $2 billion. Bank of America plans to cut 3,500 jobs this quarter. Norilsk Nickel offered to buy back 15% of its stake held by Rusal for $8.75 billion.

Australian Index Drops 3.5%; ANZ, QBE, Billabong in Focus

Marcus Jacob
19 Aug, 2011
New York City

The Australian benchmark index extended losses for the second day and declined 1.7% in the week. The index is down 13.6% in the year as commodities prices weaken as the U.S. and European economies struggle. Billabong profit declined and ANZ earnings net expectations.

German PPI Rises to 5.8%; Swiss Current Account Surplus Up

Arthi Gupta
19 Aug, 2011
New York City

German producer price inflation rose in July. The monthly earnings index for Hungary increased 4.7% from a year ago in June. French leading index increased in June. Swiss current account surplus improved in 2010.

European Markets Plunge Again; Banks Drop 10%

Arthi Gupta
19 Aug, 2011
New York City

European indexes extended losses tracking the Asian and U.S. markets. The indexes in France, Germany and UK dropped between 3% and 5% dragged by a steep sell-off in the banking sector.

Nasdaq Plunges 5%, HP Bids $10 Billion for Autonomy

Bikram Pandey
18 Aug, 2011
New York City

The U.S. indexes dropped sharply on the growing economic uncertainties, rising inflation and the euro-zone leaders

U.S. Movers: Aeroflex, Dollar Tree, Limited Brands, Sears, J. M. Smucker

Mukesh Buch
18 Aug, 2011
New York City

Aeroflex reported fourth quarter net loss of $21.6 million. Dollar Tree second quarter net income rose 6% to $95 million. Limited Brands quarter net income rose to $231.2 million. Sears reported second quarter net loss of $146 million. J.M. Smucker first quarter net income rose 8% to $111.5 million.

Nikkei Declines 1.3% in Asian Markets Sell-off, Yen Near Record High

Nigel Thomas
18 Aug, 2011
New York City

Stocks in Japan declined more than 1% on the worries that economic slowdown in Europe and the U.S. will crimp earnings for exporters. The yen closed near record high and exports in July declined 3.3% from a year ago but trade surplus rose in the month.

UK Indexes Plunges 4%; Retail Sales Growth Slows to 0.2%

Arthi Gupta
18 Aug, 2011
New York City

The UK indexes slumped on weak global outlook. The UK retail sales grew less than anticipated, auto production rose, and mortgage lending dipped in July. Irish factory prices fell in July.

S&P 500 Index Drops 4% on Europe Worries

Arthi Gupta
18 Aug, 2011
New York City

U.S. indexes traded lower after weekly jobless claims rose 9,000 to 408,000 and consumer prices rose more than estimated in July. Coca-Cola planned to invest $4 billion in China. Asahi Group agreed to acquire New Zealand-based Independent Liquor for N$1.525 billion.

Australian Index Drops 1.2%, Wesfarmers Net Up 23%

Marcus Jacob
18 Aug, 2011
New York City

Stocks in Sydney declined tracking losses in Asian markets on the growing global uncertainties. Wesfarmers reported full year profit increased 23% from a year ago despite difficult weather conditions. The Australian dollar edged lower for the second day this week.

Euro-zone Output Falls; German Employment Climbs 1.4%

Arthi Gupta
18 Aug, 2011
New York City

Euro-zone construction output decreased and Spanish banks'' bad loan ratio fell in June. German employment climbed in the second quarter. Portuguese producer price inflation eased to 7-month low in July. Dutch consumer confidence dipped in August.

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