Feb 04, 2011 12:05 PM ET
UK stocks closed higher and two separate reports indicated diverging views on the real estate market. Halifax survey indicated prices rose 0.8% in January and Knight Frank estimated decline in residential land prices in the year. Supergroup, Rolls Royce, French Connection and easyJet closed higher.
Feb 04, 2011 11:08 AM ET
Aetna fourth quarter revenue fell 2% to $8.54 billion. Aon fourth quarter revenue surged 40% to $2.91 billion. Las Vegas Sands fourth quarter net revenue increased 56.9% to $2.02 billion. Merck & Co. fourth quarter net revenue increased 20% to $12.09 billion.
Feb 04, 2011 12:06 PM ET
European indexes opened higher but struggled near close. German Chancellor Merkel and French President Sarkozy proposed a meeting of 17 European nations to harmonize tax structure and delink wages from inflation and rationalize bank lending rules. LVMH and AB Volvo net surge.
Feb 04, 2011 1:03 PM ET
U.S. stocks traded sideways after unemployment rate declined to 9% in January from 9.4% in December. The increase was smaller than expected. Long term unemployment was 13.9 million and revised 909,000 jobs were created in 2010. Las Vegas swings to quarterly net profit.
Feb 04, 2011 7:35 AM ET
Stocks in Japan surged on the merger announcement between Nippon Steel and Sumitomo Metals Industries. Mitsubishi Estate Co said nine month net increased on sales rise of 0.8%. Nikkei index rose 1.1% today and gained 1.8% in the week.
Feb 04, 2011 7:02 AM ET
Stocks in Mumbai dropped sharply and Prime Minister Singh noted inflation may derail India’s high growth initiatives. Delhi Court allowed five days of questioning of former telecom minister under arrest. A. Raja is the first minister to be arrested while the ruling party is in office.
Feb 04, 2011 6:18 AM ET
ACC fell after net profit tumbled 31%. Andhra Bank raises prime lending rate by 50 basis points. Cummins India tumbled after net profit declined 6%. Engineers India reported third quarter net profit rose 10%. Spicejet fell 12%.
Feb 04, 2011 6:11 AM ET
Australian indexes closed at a 10-month high and the dollar advanced to a month peak on the rising commodities prices and the central bank estimate that the economy will recover from flood damages by the second half. QBE Insurance gained after it agreed to acquire Balboa Insurance for A$700 million.
Feb 03, 2011 4:05 PM ET
World markets are increasingly worried that rising tensions in the Middle East may spread to oil producing nations. U.S. retailers same store sales rise 4.2%. Two largest steel companies in Japan agree to create second largest steelmaker in the world. Earnings bolstered trading setiment in U.S.
Feb 03, 2011 12:09 PM ET
UK stocks edged lower and service industry expanded in January at a faster pace. Royal Dutch Shell fourth quarter earnings were lower than expected and Vodafone Group Plc guided higher operating earnings. GlaxoSmithKline rose after the drugmaker increased dividend payout and announced share buyback.