Jul 24, 2012 4:04 PM ET
Global markets extended losses for the third day in a row and the U.S. indexes accelerated declines. The euro fell to a new two-year low. Metals and energy prices also fell. Apple Inc and Samsung Electronics filed patent infringement suits in California.
Jul 24, 2012 11:16 AM ET
Ametek second quarter net surged 21% and Air Products third quarter net soared 48%. Coca-Cola Enterprises second quarter net declined 17% and EMC net soared 19% to $649.5 million. VMware second quarter net declined 13% and agreed to acquire Nicira, Inc. for $1.05 billion in cash.
Jul 24, 2012 11:03 AM ET
AT&T second quarter net increased on higher sales of smart phones. Biogen third quarter net soared 34% to $386.8 million. DuPont net fell and said earnings may slide. Illinois Tool second quarter net advanced 77%. United Parcel lowered full year outlook.
Jul 24, 2012 10:26 AM ET
The UK indexes slid after debt pressures intensified in the euro zone. The UK mortgage approvals declined unexpectedly in June. Anglo American agreed to acquire a 58.9% interest in a metallurgical coal project in Mozambique.
Jul 24, 2012 9:57 AM ET
Stocks in Japan inched lower on the widening debt contagion in Spain and a downgrade on the advanced nations in the currency union. Toshiba declined 5% after the chipmaker plans to cut flash memory production by 30%. Sharp dropped to another 34-year low.
Jul 24, 2012 9:35 AM ET
U.S. indexes edged lower as global markets remained focused on the euro zone debt pressures. Cisco planned to slash 1,300 jobs. Whirlpool swung to quarterly profit and EMC Corp second quarter net rose 19%. After the close, Apple is scheduled to release earnings.
Jul 24, 2012 9:13 AM ET
Australian stocks rebounded after a private survey showed an increase in Chinese manufacturing activities in July. Export price of iron ore declined for the eighth month in a row. Billabong received another takeover offer at a reduced valuation.
Jul 24, 2012 8:34 AM ET
The European indexes traded sideways in thin trading and debt pressures intensified in the region. Spain raised €3.05 billion at borrowing costs. Moody’s offered negative views on Germany, the Netherlands and Luxembourg.
Jul 24, 2012 9:58 AM ET
The telecom operator KPN said quarterly net declined 24%. Norsk Hydro, the aluminum maker said second quarter revenues fell 13% and swung to a net loss. SAP AG said second quarter sales rose 18% and net increased 12% and Software AG said revenues barely budged 1%.
Jul 24, 2012 7:59 AM ET
The euro-zone private sector economy contracted and French business confidence fell in July. Hungarian retail sales declined in May. Spanish producer price inflation eased in June.