Feb 23, 2011 9:15 AM ET
The European indexes slid after unrest in Libya continued. Euro-zone industrial orders grew in December. Merkel hinted on an extension of Greece repayment period. French inflation index stays flat in January. Spanish mortgage approvals slumped in December. Accor and Commerzbank swing to profit.
Feb 23, 2011 8:43 AM ET
World markets edged lower as protests continue in Libya and Bahrain. Gaddafi vowed to stay in power. Libya supplies 1.5 million barrels a day of oil to Europe and y one third to Italy. Forest Labs agreed to buy Clinical Data for $1.2 billion. Hewlett Packard falls on lower than expected outlook.
Feb 23, 2011 6:43 AM ET
Stocks in Mumbai declined in the final hour of trading as crude oil price increase sparked fears of another bout of inflation. Goodyear India and Bata India reported sharply higher earnings. Reliance Infra soared after it commenced metro link to airport in New Delhi.
Feb 23, 2011 5:45 AM ET
Stocks in China closed up but in Hong Kong fell on the weakness in property stocks. Hong Kong economy expanded at a faster than expected pace of 6.8% in 2010 and the government estimated economy to grow between 4% and 5% in 2011. Gold miners surge in Shanghai and Hong Kong property developers fell.
Feb 23, 2011 6:51 AM ET
Stocks in Japan extended losses for the second day as crude oil surges and investors worry of the growing contagion in the Middle East. The Nikkei index declined 0.8% and fell 1.8% in the last two days of trading. Automakers, exporters and banks closed lower.
Feb 23, 2011 4:37 AM ET
Stocks in Australia declined but rebounded from the lows as the dollar gained. Crude oil surged for the third day and third week in a row as furor in Libya lead to more bloodshed. Suncorp Group first half net declined 39%. Coca-Cola Amatil annual net increased 11%.
Feb 22, 2011 6:02 PM ET
The S&P dropped 2.2% and the Nasdaq index decline 2.8% as unrest in Libya threaten oil production and supply to Europe. The rising tensions are making authorities in Saudi Arabia, Iran and Syria worried. Wal-Mart declined after quarterly sales were lower than expected. Home prices fell in the U.S.
Feb 22, 2011 11:52 AM ET
Hormel Foods first quarter net earnings rose 34% to $148.8 million. Macy’s fourth quarter net income rose to $667 million. Medco Health fourth quarter net income rose 10% to $378.5 million. Home Depot quarterly net income surged 72% to $587 million. Wal-Mart net income rose surged 27.3% to $6.06 bn.
Feb 22, 2011 11:11 AM ET
The UK indexes traded lower as violent protests rage in Bahrain and Libya. Crude oil prices surge and world markets decline. The UK government recorded largest surplus since July 2008. BP to sell certain UK assets. Informa plc 2010 net declined 6.3% on flat revenue. Kerry Group Plc net rose 61%.
Feb 22, 2011 9:49 AM ET
The European indexes slide as protests continued in Libya, Morocco and Bahrain. German consumer sentiment strengthened. French housing starts growth slackened in January. Swiss trade surplus and exports rose in January. Zurich Financial formed venture with Banco Santander.