Jun 25, 2012 11:14 AM ET
New home sales increased more than expected in May as construction surged in the Northeast. Median home prices edged up and inventory of unsold homes held below five months.
Jun 25, 2012 9:17 AM ET
The UK indexes trended lower tracking the European markets and the UK household finance index rose in June. Shire plunged 13% after the FDA approved the abbreviated new drug applications for generic Adderall XR filed by Actavis.
Jun 25, 2012 8:42 AM ET
World markets are increasingly questioning the slow pace of leadership response as the debt crisis spreads in Europe. The expectations are low ahead of the next summit of European Union and markets in Asia and Europe traded lower as patience wear thin after two years of failed talks.
Jun 25, 2012 8:21 AM ET
Stocks in Tokyo fell for the second day in a row and retailers, resource and shipping sector stocks led the decline. The yen gained a fraction and energy prices fell as investors question the outcome of the latest meeting of the European leaders.
Jun 25, 2012 7:35 AM ET
Investors in Australia and in Asia are increasingly turning away their focus from the euro zone as the summit paralysis sets in. Billabong plunges 48% as investors dump share as the company launches its public offer. Fairfax embarks on a restructuring and shakes up its editorial leadership.
Jun 25, 2012 7:29 AM ET
German public debt rose in the first quarter and Hungarian retail sales fell in April. Spanish producer price inflation rose in May and Economic confidence in the Czech Republic weakened in June.
Jun 25, 2012 7:25 AM ET
European markets were on the edge on the first day of trading as the leaders in the region prepare to gather to finalize the region wide banking integration. Spain requested formally for a bank aid and the prospect of a larger bailout loomed.
Jun 22, 2012 4:00 PM ET
U.S. indexes rebounded as leaders of Germany, France, Italy and Spain pledged stimulus package of as much as €130 billion and the European Central Bank said it will accept wider collateral to facilitate more lending in struggling nations. Oil and copper gained.
Jun 22, 2012 10:28 AM ET
Carnival Corp. second quarter net tumbled 93.2% to $14 million and Clarcor second quarter nearly flat to $32.9 million. Darden Restaurants fourth quarter net surged 10% and Ryder System lowered its second quarter and full year outlook.
Jun 22, 2012 10:00 AM ET
The UK indexes turned lower after home price sentiment index remained unchanged in June. Investors focused on the rising prospects of a larger bailout in Spain and growing problem at domestic banks. Banks rose despite a rating agency downgrade.