Dec 15, 2010 5:50 AM ET
Tokyo stocks moved in a narrow range as investors focused on weaker yen and stronger than expected U.S. retail sales. Business confidence slips for the first time after seven quarters. Eco-point applications for purchase of energy-efficient appliances surge 40% in November.
Dec 15, 2010 5:06 AM ET
China key stock indexes drop on inflation worries and the fast developing nation is expected to revised inflation target next year to 4% from the current target of 3%. Foreign direct investment surges to record in November.
Dec 15, 2010 4:53 AM ET
Stocks in Australia were flat and four large banks were in focus. Competition regulator approves Singapore Exchange’s takeover offer for ASX. The Australian dollar traded at parity with the U.S. dollar but settled lower.
Dec 14, 2010 4:20 PM ET
Federal Reserve left its target rate range on hold and left its U.S. bonds buying program intact. The Fed noted that slow economic recovery is insufficient to lower unemployment. Stocks turned after the expected rate decision. Best Buy Co plunged after the retailer guided weak outlook.
Dec 14, 2010 11:00 AM ET
The UK indexes edged higher tracking rising commodities prices. The UK inflation soared and home price index improved in November. BP agreed to sell Pakistan assets to China based United Energy Group for $775 million. Imagination Technologies net surges 93%.
Dec 14, 2010 10:59 AM ET
Best Buy Co, third quarter revenue decreased 1.1% to $11.89 billion. Edwards Lifesciences estimates fiscal year 2011 underlying sales growth of 11% to 15%. Sanderson Farms, fourth quarter net sales increased 13% to $529.1 million. The Pantry, fourth quarter revenues increased 12% to $1.95 billion.
Dec 14, 2010 10:53 AM ET
The women''s specialty retailer net quarterly sales increased 9% to $505.28 million on comparable-store sales rise of 11.7%. Net income in the quarter surged 1069% to $24.20 million. Earnings soared to 41 cents per share compared to 3 cents per share in the prior-year quarter.
Dec 14, 2010 10:21 AM ET
The European indexes fell after euro area industrial production improved in October. Italian Prime Minister Silvio Berlusconi narrowly won vote of confidence. German manufacturing employment declined but investor confidence improved. French inflation remained flat in November.
Dec 14, 2010 9:35 AM ET
U.S. stocks traded sideways ahead of the last Fed meeting in the year. U.S. retail sales and PPI rose more than anticipated in November. HCP agreed to acquire real estate assets of HCR ManorCare for $6.1 billion. Regal Beloit agreed to acquire electric motor division of A.O. Smith for $875 million.
Dec 14, 2010 8:34 AM ET
Allahabad Bank hiked base and prime lending rate. Honda Motors partner in Hero Honda Group are expected to acquire 26% stake in the joint venture for about $1 billion. Punjab National Bank bought 63.6% stake in Kazakhstan based JSC Dana Bank in $24 million.