Jun 29, 2012 4:47 PM ET
Stocks on Wall Street surged after European leaders offered emergency steps to support direct bank lending and passed stimulus measures. Commodities led the surge and crude oil soared 9% and gold gained 3%. For the week, the S&P 500 index gained 1.6%.
Jun 29, 2012 11:33 AM ET
U.S. indexes extended global rally after European leaders agreed to emergency steps and extend direct lending to Spanish banks and pass stimulus measures. Research in Motion planned to slash 5,000 jobs after it reported sales decline, losses and worsening cash position.
Jun 29, 2012 10:56 AM ET
Accenture third quarter net increased 11% and narrowed fiscal earnings guidance. KB Home second quarter net loss narrowed. Nike fourth quarter net slid 8% to $549 million. Research In Motion swung to a quarterly loss.
Jun 29, 2012 11:17 AM ET
Australian benchmark index gained 1.2% as rally across Asia lift markets after European leaders agreed to offer direct lending to banks and approved stimulus program. David Jones soared 15% after a hostile takeover offer of $1.5 billion.
Jun 29, 2012 9:06 AM ET
Japanese stocks extended gains for the second day as short sellers covered positions and international investors increased exposure to domestic stocks. Nikkei gained 1.5% on Friday but fell 10.7% in the quarter, worst since the third quarter of 2011.
Jun 29, 2012 7:42 PM ET
European markets staged a rally after leaders agreed to use rescue funds to lend directly to banks and approved Ä120 billion stimulus program. Anheuser Busch InBev agreed to buy remaining stake in Mexico-based Modelo for $20 billion.
Jun 28, 2012 4:26 PM ET
Stocks on Wall Street closed lower on the weakness. U.S. Supreme Courtís decision to allow universal care to go forward is expected to reshape healthcare industry and political debate. European leaders negotiate to increase fiscal and banking union.
Jun 28, 2012 1:27 PM ET
U.S. Supreme Court upheld in a landmark decision by a 5-4 vote most of the key provisions of the healthcare reform that divided the nation for the last two years. The decision will not allow the law to be implemented as early as 2014.
Jun 28, 2012 11:52 AM ET
Healthcare insurers dropped sharply after the Supreme Court upheld the healthcare reform. American Greetings first quarter net tumbled 78%. Family Dollar third quarter net increased 5.3% to $124.5 million and lifted fiscal outlook. Paychex fourth quarter net increased 4%.
Jun 28, 2012 9:43 AM ET
U.S. indexes declined after the government confirmed 1.9% growth in the first quarter and weekly jobless claims fell 6,000 to 386,000. News Corp said to plans to split in two companies.