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Nikkei Rebounds 5.7% in Cautious Trading; Tokyo Electric Power Drops 24%

Nigel Thomas
16 Mar, 2011
New York City

Tokyo stocks rebounded 6% after investors took a calmer view and worries of a nuclear radiation leak receded at least for now. The gains were trimmed after another strong aftershock in Chiba Prefecture and a talk of another fire at the troubled nuclear power plant. Tokyo Electric dropped 24%.

Australian Stocks Break 5-day Losing Streak

Marcus Jacob
16 Mar, 2011
New York City

Australian stocks in a roller coaster ride closed up tracking the gains in Tokyo markets. Crude oil eased by energy and resource stocks in Sydney rebounded led by the uranium miners. Billabong lowered its earnings outlook and Gindablie Metals revised Western Australia mine project cost 30% higher.

U.S. Indexes Trim Losses After Fed Holds Rates

Bikram Pandey
15 Mar, 2011
New York City

U.S. indexes extended losses following a global selloff after the benchmark index in Tokyo suffered its worst one day loss in 24 years. Rising tensions in Saudi Arabia and ongoing violence in Libya also added to market jitters. Crude oil and gold declined. Fed left rates on hold.

U.S. Movers: Broadwind Energy, DSW, Hitachi, Williams-Sonoma

Mukesh Buch
15 Mar, 2011
New York City

ATP Oil & Gas fourth quarter net loss widened. DSW fourth quarter net income rose to $18.4 million. FactSet Research second quarter net soared 25.3% to $45.2 million. Hitachi reported buildings and production facilities suffered damages. Williams-Sonoma quarterly earnings rose 28.3% to $113.40 mn.

Sensex in India Drops 1.3%; India Needs to Explain Nuclear Treaty Details

Devan Biswas
15 Mar, 2011
New York City

Stocks in Mumbai plunged more 2.7% at the opening but recovered to close down 1.3% after a panic selling in Japan sparked a selloff in Asia. Indian government needs to shed more light on its recently signed treaty with nuclear power plant makers on the safeguard provisions and liability assignments.

FTSE Declines 2.3%; Close Brothers Net Slumps

Arthi Gupta
15 Mar, 2011
New York City

The UK indexes slid after reports of radiation leakage from Japanese nuclear plants dragged commodities stocks. The UK leading index rose and home prices eased in January. Serco Group agreed to buy The Listening Company.

Dow Declines 2% as World Markets Slide on Japan Supply Chain Fears

Arthi Gupta
15 Mar, 2011
New York City

U.S. indexes extended losses on increasing concerns of a nuclear radiation leak reaching a wider Japan after the third explosion at a nuclear power plant. U.S. import prices rose in February and Nasdaq and ICE launch a bid for the NYSE Euronext.

European Indexes Plunge; Germany Shuts Down 7 Nuclear Plants

Arthi Gupta
15 Mar, 2011
New York City

Markets in Germany plunged 5% at the opening and in Europe dropped more than 3% after Japan suffered its second worst one-day decline in 24 years. The IMF approved

Euro Area Employment Rises; German Investor Confidence Deteriorates

Arthi Gupta
15 Mar, 2011
New York City

Euro area employment rose and Spanish home prices eased in the fourth quarter. German investor confidence deteriorated in March. French inflation slowed in February. Dutch retail sales and industrial production rose in January.

Nikkei in Tokyo Plunges 10.6%; Asian Markets Follow

Nigel Thomas
15 Mar, 2011
New York City

Tokyo suffered its second worst decline in stock market in 24 years as panicked investors sold stocks in the early morning after a third blast at the troubled nuclear power plant. The benchmark index plunged 14% before recovering to close down 10.6%. Toyota suspended at all 12 plants in Japan.

Australian Index Drops 2.1%; Origin Energy Raises $2.3 Billion

Marcus Jacob
15 Mar, 2011
New York City

Stocks in Australia plunged in a regional sell off after Japan faced multiple crises. Prime Minister Kan warned of high level of radiation from a nuclear power plant and set off a panic that saw Nikkei index dropped to its second worst one-day loss of 14%.

U.S. Indexes at 6-week Low; World Markets Slide on Japan Quake Impact

Bikram Pandey
14 Mar, 2011
New York City

U.S. indexes declined as global markets fell and Japan appeals for international aid and struggles to prevent a nuclear meltdown. U.S. indexes fell to six-week low. European market indexes fell more than 1% as energy prices decline and metals prices fall.

U.S. Movers: Berkshire Hathaway, Ebix, Lubrizol, Presstek, Seaspan

Mukesh Buch
14 Mar, 2011
New York City

Berkshire Hathaway agreed to buy Lubrizol Corp for $9.7 billion. Ebix fourth quarter net income increased 32% to $15.9 million. Gulfport Energy net income in the quarter rose 57.1% to $14.3 million. Seaspan fourth quarter net income increased 89.6% to $141.6 million.

UK Indexes Drop; BP and TNK in Russia Disagree

Arthi Gupta
14 Mar, 2011
New York City

The UK indexes dropped as the devastating earthquake in Japan added to a growing list of worries ranging from the Middle East turmoil and European sovereign debt default. BP and TNK-BP talks ended in a stalemate over Rosneft deal.

U.S. Indexes Falter; Berkshire Hathaway, Lubrizol in $9.7 B Deal

Arthi Gupta
14 Mar, 2011
New York City

U.S. indexes declined as Japan earth quake added to worries related to Saudi Arabia and Libya. The OECD leading index rose in January. Berkshire Hathaway agreed to acquire Lubrizol for $9.7 billion. Eli Lilly offered to buy Janssen Animal Health.

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