Jul 30, 2010 4:07 PM ET
U.S. economy in the second quarter expanded at a slower pace of 2.4%. Corporate earnings have been ahead of expectations but the economy has lost more than 8 million since 2007. Consumer sentiment index declined in July. Yields on 10-year bonds declined to 2.91%.
Jul 30, 2010 11:13 AM ET
The UK stocks decline after disappointing U.S. GDP data and a drop in consumer confidence, fifth monthly decline in a row in July. The financial regulator is ready to expand its authority that covers board remuneration. France based EDF agreed to sell its UK electricity network for $9 billion.
Jul 30, 2010 10:39 AM ET
Thoratec Corporation led the decliners in the S&P 500 index with a loss of 16.5%. First Solar posts lower profit and lifts outlook. Amgen reports largely flat earnings. Expedia Inc. second quarter profit soars. Chevron net income triples to $5.4 billion.
Jul 30, 2010 10:10 AM ET
The European markets decline amidst concerns of slow economic growth in the U.S. Euro-zone unemployment rate flat at 10% in June and CPI rises 1.7% in July. Moody''s lowers Iceland government bond ratings to negative from stable.
Jul 30, 2010 10:02 AM ET
U.S. stocks decline after GDP expanded at a slower pace 2.4% in the second quarter from the revised 3.7% rate in the first quarter. Bullard warns U.S. at risk for Japanese-style deflation. The IMF says massive policy response aids U.S economic recovery. Disney agrees to sell Miramax Films.
Jul 30, 2010 8:51 AM ET
Jamaica finalizes the sale of final three sugar refineries to China based Complant International for US$9 million. The deal may pave for the build out of 200,000 tons ethanol refinery that may alleviate the imports of crude oil in Jamaica.
Jul 30, 2010 8:07 AM ET
Stocks in Mumbai fluctuated and closed lower. Textile ministry begins land auction to raise $1.1 billion. UltraTech plans Capex of Rs 12,000 crore in the next five years. Ashok Leyland plans to pick 26% stake in U.K.-based Optare.
Jul 30, 2010 7:11 AM ET
Stocks in China retreated led by financials and steelmakers. China clears the takeover of Volvo Car Corp by Geely Holding. Charles River withdraws takeover offer of WuXi on the investors’ resistance. Flood washes 3,000 chemical barrels into Songhua river.
Jul 30, 2010 7:03 AM ET
Stocks in Japan fell sharply with as many as 204 stocks retreating in the Nikkei 225 Stock Average on an increase in unemployment and a drop in core consumer price index. Toyota problems mount as recalls continue. Strikes in China affected 32 Japanese firms, a report by Asahi shows.
Jul 30, 2010 6:55 AM ET
Stocks in Australia retreated on cautious outlook at Macquarie Group. GainCorp agrees to buy AWB and form Australia’s largest wheat trader. Vestar Capital agrees to acquire Health Grade. Queensland appoints more banks to help in its proposed IPO of rail assets.