Mar 29, 2011 1:32 PM ET
Apollo Group reported second quarter net loss of $64.0 million. Lennar first quarter net income increased to $27.4 million. McCormick first quarter net income rose to $76.8 million. Phillips-Van Heusen fourth quarter net income increased to $52.2 million.
Mar 29, 2011 12:25 PM ET
UK GDP in the fourth quarter was revised higher to a shrink of 0.5% compared to previous estimate of 0.6% decline. 2010 economic growth was unrevised at 1.5%. Household spending declined 0.3% in real terms in last quarter of 2010 and for the year declined the most in 33 years.
Mar 29, 2011 10:20 AM ET
U.S. stocks traded sideways and crude oil eased for the third day in a row. Residential prices index in metropolitan areas declined in January 3.1% from a year ago led by 9.1% drop in Phoenix. Apollo Group dropped as much as 10% after it estimated lower than expected annual revenues.
Mar 29, 2011 9:39 AM ET
European markets drifted lower in the early trading and indexes in Germany and France dropped more than 0.6% but trimmed the losses in the afternoon. Italian banks dropped after UBI Banca planned 1 billion euros of capital addition ahead of the European stress test.
Mar 29, 2011 2:32 PM ET
Stocks in Mumbai traded higher for the sixth day in a row after crude oil prices eased. The index has soared 6% since the low on March 21. Hero Honda won a government approval for foreign investment. Punjab National Bank and Corporation Bank sold stocks to the government of India at a premium.
Mar 29, 2011 6:34 AM ET
Stocks in Tokyo opened sharply lower on lingering radiation leak worries. Tepco said higher level of toxic plutonium was found at the troubled nuclear power plant. Government denied the speculation that Tepco is likely to be nationalized but the stock of the utility dropped 18% to record low.
Mar 29, 2011 5:54 AM ET
Fractional gains in commodities prices lifted Australian index. Rio Tinto extended its Riversdale Mining offer for the fourth time and said it acquired consent of 41.04%. The extended offer also increased the offer price to A$16.50 a share.
Mar 28, 2011 4:19 PM ET
U.S. stocks edged up after commodities fell and markets in Europe closed mixed. Asian markets traded higher on positive economic momentum and earnings expectations. eBay agreed to acquire e-commerce services provider GSI Commerce and Rural Metro agreed to go private in a leveraged buyout.
Mar 28, 2011 4:21 PM ET
American Express released its online payment gateway. eBay agreed to acquire GSI Commerce for $2.4 billion. Rural-Metro agreed to take company private for $438 million. Wabtec Corporation soared as much as 10% after it forecast higher first quarter earnings per share.
Mar 28, 2011 10:20 AM ET
U.S. stocks traded higher after personal income increased 0.3% and disposable personal income increased 0.3% in February. Markets in Europe traded lackluster and German ruling coalition lost two regional elections. Eastman Kodak soared on a patent ruling case.