Jun 04, 2012 9:55 AM ET
Australian stocks plunged and the benchmark index declined to six-month low after commodities prices eased. Business inventories adjusted for inflation and seasonality declined in the March quarter and corporate profit fell.
Jun 04, 2012 9:53 AM ET
Stocks in Japan extended losses and the benchmark indexes dropped to six month low and the Topix fell to 28-year low. Sony Corp declined to 32-year low and export sensitive stocks to Europe led the decliners.
Jun 04, 2012 9:47 AM ET
Stocks on Wall Street rose in early trading but global markets worries persisted as European leaders look for tighter fiscal integration. Salesforce.com agreed to buy Buddy Media for approximately $689 million Vanguard agreed to acquire natural gas assets for $445 million from Antero Resources.
Jun 04, 2012 8:41 AM ET
European markets were in a holding pattern as leaders voice their plans ahead of the regional summit later in the year. Euro are wholesale inflation was steady and consumer price inflation declined but stayed above the target range established by the central bank.
Jun 02, 2012 3:00 PM ET
The global markets gloom darkened after a string of weak economic data from the U.S., India, China and Europe. In addition, Brazil lowered its rate to a record low and bond yields of U.S. declined to record low of 1.43% and German and Swiss negative yields deepened. Gold gained 4% and oil fell 4%.
Jun 01, 2012 11:36 AM ET
Ascena Retail Group third quarter net slumped 7.2% to $49.4 million. CGI Group agreed to acquire UK based Logica for £1.7 billion. Gaylord Entertainment agreed to sell its hotels brand to Marriott. SAIC first quarter net declined 11% to $117 million.
Jun 01, 2012 10:53 AM ET
Stocks in Japan extended losses as economic slowdown worries in China and U.S. added to a list of market worries. The benchmark Nikkei index turned negative for the year after 10.3% loss in May. Exporters and resources stocks were on the defensive.
Jun 01, 2012 10:35 AM ET
The Australian indexes extended losses for the third day but closed up the week 0.9%. The dollar edged lower and declined 7% in the last four weeks. BlueScope Steel may face as much as $140 million in revised taxes for two years to 2008.
Jun 01, 2012 10:17 AM ET
Wall Street extended losses after employers added 69,000 jobs in May and unemployment increased to 8.2%. The weather played a significant role in pulling forward jobs in warm winter months. Consumer spending and income rose in April and European markets dropped 2% as Spain struggled with finances.
Jun 01, 2012 9:38 AM ET
The European indexes slumped after mmanufacturing dropped to a 3-year low in May but euro area jobless rate was stable in April. The IMF was forced to deny rumors that Spain requested direct assistance and UK growth forecast was lowered.