May 29, 2012 9:11 AM ET
The European indexes pared gains after Bank of Spain forecasted weakening economy and retail sales extended slump. Italy sold €8.5 billion of Treasury bills at higher borrowing costs. The European Financial Stability Facility disbursed €18 billion through bonds to the four largest banks in Greece.
May 28, 2012 10:07 AM ET
Stocks in Tokyo gained and Renesas Electronics plunged 11% after the company plans to eliminate 12,000 jobs and raise $1.3 billion. In light trading stocks generally drifted up. Nomura was linked to second insider trading case and Sumitomo Heavy confirmed it was suspended from a defense contract.
May 28, 2012 9:49 AM ET
Australian stocks gained on the hopes that Greece will stay in the euro zone and the currency union will avoid the latest ripple in the financial contagion. Engineering contractor Hastie Group collapsed with $500 million debt and sought bankruptcy protection.
May 28, 2012 9:17 AM ET
The UK indexes closed higher tracking European markets and home prices rose in May. Diageo agreed to acquire the premium Brazilian cachaça brand Ypióca for Ł300 million. Rolls-Royce won Ł100 million support contracts for UK transport and tanker fleets.
May 28, 2012 8:53 AM ET
The European indexes edged higher after pro-bailout parties in Greece regained ground in opinion polls ahead of the June 17 election. Swedish retail sales fell in April. Italian confidence slumped in May. Deutsche Wohnen agreed to acquire BauBeCon Group for about €1.235 billion.
May 25, 2012 4:01 PM ET
U.S. stock fluctuated as world markets focused on the ongoing financial and debt crisis in Spain and the euro zone. The troubled Spanish home lender Bankia asked $19 billion in government bailout as the bank battles with high default rates.
May 25, 2012 10:55 AM ET
Flowers Foods first quarter net slipped 8% and lifted fiscal outlook. Fred''s said first quarter net increased 10% and rue21 first quarter net soared 20.6%. Semtech first quarter net tumbled by 90% and VeriFone second quarter net plunged 42.5% to $14.5 million.
May 25, 2012 9:38 AM ET
U.S. indexes declined on rising worries in Europe. Bank of America and Barclays agreed to sell their remaining stake in Archstone to Lehman for $1.58 billion. Citigroup completed sale of equity interest in Turkey-based Akbank for $1.15 billion.
May 25, 2012 8:17 AM ET
Stocks in Tokyo traded sideways and the Nikkei index declined for the eighth week in a row and extended losses to 16% from the peak in late March. Japan Tobacco agreed to acquire Belgium based cigarette maker Gryson NV for $600 million.
May 25, 2012 7:43 AM ET
The European indexes extended gains for the second day and the Euro area leading index fell and Spanish producer price inflation eased in April. Delphi offered to acquire the motorized vehicles unit of FCI for €765 million. Japan Tobacco agreed to buy Gryson for €475 million.