Jun 06, 2012 8:33 AM ET
Stocks in Tokyo rebounded and export sensitive sectors led the surge after the service sector in the U.S. expanded at a faster rate and Australia reported strong GDP growth. Nintendo edged lower after the latest product release disappointed analysts.
Jun 06, 2012 8:01 AM ET
Australian economy expanded at 1.3% in the March quarter and registered its second best growth rate in the last five years. The surprise strength in the household spending added to the strong investment in the mining sector. Four largest banks failed to pass along the latest rate cut.
Jun 05, 2012 4:00 PM ET
U.S. stocks traded higher after service industry expanded at a faster pace in May and G7 leaders failed to agree on specific steps to arrest widening financial contagion in the euro zone. Spanish bonds spread traded above 5% to German bunds. Commodities were under pressure.
Jun 05, 2012 11:25 AM ET
Dollar General first quarter net surged 36% to $213.4 million and lifted outlook and G-III Apparel reported first quarter net loss widened to 53%. United Natural Foods third quarter net soared 24% to $29 million and update fiscal guidance.
Jun 05, 2012 10:10 AM ET
U.S. and world markets were hesitant as G7 finance ministers and central bankers hold an emergency meeting to discuss widening financial contagion in the euro zone. Belden agreed to acquire Canada-based Miranda Technologies for C$345 million. Oracle agreed to buy Collective Intellect.
Jun 05, 2012 9:53 AM ET
European markets traded mixed and looked ahead for a statement from the G7 meeting today. Spain regained market focus after Treasury minister warned that rising bond yields will effectively shut Spain from credit markets. The euro declined and German orders fell 1.9% in April.
Jun 05, 2012 3:15 PM ET
Stocks in Tokyo rebounded in weak trading ahead of a meeting of G7 finance ministers. Fast Retailing Co plunged 9% after it reported May same store sales plunged 10%. Two card board products makers, Rengo and Tomoku dropped after regulators launch price fixing investigation.
Jun 05, 2012 3:14 PM ET
Australian stocks rebounded after the Reserve Bank of Australia lowered cash rate by 25 basis points in a preemptive move as financial markets sentiment deteriorated in the last eight weeks. Qantas plunged 18% after it estimated its full year net profit to plunge 91% from a year ago.
Jun 04, 2012 4:00 PM ET
U.S. markets extended losses after G7 finance ministers announced emergency meeting tomorrow to discuss widening euro zone debt crisis. The benchmark index fell 10% from its peak in April. Commodities declined for the fifth week in a row and crude oil prices fell to a new low.
Jun 04, 2012 11:36 AM ET
AutoNation May sales surged 45% and the retailer Conn''s lifted its annual outlook. Salesforce.com agreed to acquire Buddy Media for $689 million and Vanguard Natural agreed to acquire energy assets for $445 million. WellPoint offered $900 million in cash for 1-800 Contacts.