Dec 23, 2009 2:54 PM ET
UK stocks participated as world markets rebounded. Metals and energy prices advanced in London. Mortgage approvals in November surged to a two-year high. Service industry index declined 0.2% in the three months to October.
Dec 23, 2009 12:26 PM ET
American Greetings swings to a third quarter gain. Cintas Corp second quarter sales fall 10% and earnings drop 20%. Micron Technology, Inc reports better than expected earnings. Red Hat earnings fall 33% as sales rise. Coal miners Patriot Coal, Peabody and others jump.
Dec 23, 2009 11:16 AM ET
U.S. stock traded mixed after November new home sales dropped 11.3% and personal income increased 0.4%. Crude oil futures surged 3% after the release of weekly inventory data. India revised its fiscal year economic growth outlook to 8% from 6.5%.
Dec 22, 2009 6:35 PM ET
Stocks in Australia edged higher after world markets edged up. Commodities prices edged lower. BHP Billiton after the close agreed to sell its nickel mining holdings to its joint venture partner in Philippines. GrainCorp Ltd declined after the company said profits are likely to be lower than estimated. Gold stocks fell on a rebound in the U.S. dollar.
Dec 22, 2009 6:31 PM ET
Stocks in Japan closed higher after the yen weakened. Semiconductor equipment makers and exporters led the gainers in Tokyo trading. Honda sales in China and Asia set a new record. Isuzu is exploring new diesel engine development with General Motors.
Dec 22, 2009 6:33 PM ET
Stocks closed higher after the November existing home sales increased at the fastest pace since February 2007. First time home buyers were 51% of sales and distressed or foreclosure sales 33% of total. Gold and other metals decreased.
Dec 22, 2009 2:07 PM ET
European markets edged higher on the prospects of improved earnings in 2011 and speedier global markets recovery. A.P. Moeller Maersk agreed to pay $1.3 billion to acquire energy fields in the Gulf of Mexico. Areva T&D division received €200 million contract from a utility in Dubai,UAE.
Dec 22, 2009 12:11 PM ET
UK GDP decline in the third quarter was revised to 0.2% from the previous estimate of 0.3% and third quarter unemployment rate increased to 7.8%. Hardy Oil and Gas Plc in partnership with Reliance in India discovered third natural gas field in the Bay of Bengal offshore field.
Dec 22, 2009 11:53 AM ET
Airlines traded higher on the expectations of strong holiday season. Jabil Circuit, Inc swings to fiscal first quarter profit and led the gainers in the outsourcing sector. Navistar International Corp fourth quarter sales declined 15%. China related travel companies declined.
Dec 22, 2009 11:25 AM ET
Mumbai stocks increased after resource and telecom stocks advanced. Reliance Industries discovered third gas field in Bay of Bengal field that may be as large as the first field of 10 trillion cubic feet. State controlled oil companies will get cash subsidies rather than bonds from the central government.