May 06, 2009 5:50 PM ET
UK stocks advanced on a rise in metals and mining companies. Ahead of Bank of England rate decision tomorrow, investors focused on the economic condition beyond recession. Service industry decline appears to stabilize and consumer confidence is on the rebound. British Air traffic increased in April.
May 06, 2009 1:09 PM ET
Stocks in Hong Kong and Shanghai rallied on the hopes that banks will report better than expected earnings. Alibaba.com earnings fell after it increased marketing expenses and offered cheaper subscriptions to its Web site.
May 06, 2009 11:33 AM ET
General Motors Corporation led the decliners in the S&P 500 index of 15.1%. Atmel Corporation first quarter profit falls by half on sharp revenue dip. Acorda Therapeutics, Inc first quarter net loss widens. Centex Corporation narrows fourth quarter losses.
May 06, 2009 9:58 AM ET
Stocks in Mumbai declined on the election jitters and worries that recent rally may have stretched valuations too high. in volatile trading, stocks in the final hour fell. Banks, financial services and steel makers led the decliners.
May 06, 2009 9:00 AM ET
The private sector shed less than 500,000 jobs in April. Bank of America is said to need $34 billion to meet its regulatory capital requirements and Citigroup may need $40 billion. Markets are expected to be volatile this afternoon in anticipation of stress-test results after the close.
May 06, 2009 2:32 AM ET
The financial services provider net quarterly revenues declined 62% to $3 billion. Net quarterly loss generated was $177 million. The company lost 57 cents a share versus earnings of $1.26 a year-ago quarter and reduced its quarterly dividend for common shareholders to 5 cents a share.
May 05, 2009 11:42 PM ET
The global payment processor first quarter revenue declined 2.2% to $1.2 billion and net income fell 18% to $360 million. Earnings per share were $2.80 as against $2.59 from a year ago quarter. Processed transactions grew 6% to 5.1 billion while number of cards issued increased 4% to 967 million.
May 05, 2009 11:37 PM ET
Specialty glass and ceramic maker first quarter net sales dropped 39% to $989 million and net income plummeted 86% to $14 million. Earnings per share were one cent versus 64 cents in the prior year quarter.
May 05, 2009 6:03 PM ET
UK stocks closed higher on a rally in banks and mining stocks. Higher commodities prices lifted stocks of miners and optimism about U.S. consumers and Chinese manufacturing industry contributed to the surge. The airport operator BAA reported five-fold increase in loss.
May 05, 2009 5:18 PM ET
U.S. stocks edged lower after rallying for days on the hopes that banks are adequately capitalized and economy is in the bottoming out process. European banks closed higher after UBS reported smaller than expected loss. Alcatel loss widened. Demag Cranes orders plunged.