Mar 30, 2012 11:20 AM ET
Research in Motion announced more executive changes and vowed to focus on its core smartphone products as quarterly sales declined for the fifth quarter in a row.
Mar 30, 2012 10:32 AM ET
U.S. stocks extend gains on the last day of the quartet and the benchmark index is set to close up 12% in the quarter. The stocks were higher after U.S. consumer spending rose 0.8% in February, the most in seven months and European ministers agreed to increase bailout fund size.
Mar 30, 2012 9:57 AM ET
Australian stocks eased on the last day of the quarter and the week. For the week the benchmark index gained 2% and soared 7% in the first quarter. Qantas announced fuel surcharge to recover some of the recent increase in fuel prices. Retailers rebound in the first quarter.
Mar 30, 2012 10:02 AM ET
Finance ministers in Europe raised combined limit of bailout funds to $930 billion that may have to be revised higher in a year. Euro area annual inflation eased in March. German and Spanish retail sales fell in February.
Mar 29, 2012 4:35 PM ET
U.S. stocks eased for the third day in a row on the rising worries about inflated domestic market valuations and the health of the economy in the euro zone. Best Buy plans to shutter 50 stores and a Korea based company may bid for operator of Payless ShoeSource. Crude oil decreased 2%.
Mar 29, 2012 11:43 AM ET
Best Buy Co. reported lower than expected quarterly loss and plans to close 50 U.S. stores. Movado fourth quarter net income swung to $10.7 million. Mosaic declined after Potash sales and third quarter net plunged. Red Hat fourth quarter net grew 7.5% to $36 mn and announced a stock buyback plan.
Mar 29, 2012 10:50 AM ET
U.S. stocks fell for the third day in a row but are set to close the first quarter as the best since April 1998 with the S&P 500 index up 10.9%. Fourth quarter GDP growth was estimated at 3% in the final estimate. European markets declined after labor strikes in Spain paralyzed the nation.
Mar 29, 2012 9:46 AM ET
The benchmark index declined for the second day and extended two-day losses to 1.5%. Foreign investors cut stock positions last week after adding for twelve weeks in a row. Sharp advanced for the second day after it sold a stake to Taiwan based Hon Hai Precision.
Mar 29, 2012 9:19 AM ET
European indexes edged lower and the euro area sentiment, German jobless rate and UK home prices dropped in March. The number of mortgage approvals in the UK fell in February. Spanish strike paralyzed the nation and Italy sold €8 billion in debt.
Mar 29, 2012 8:54 AM ET
Australian stocks eased as investors shifted focus to international markets and the dollar eased. Leighton Holdings cuts its annual profit outlook on cost overruns at two key projects in Australia.