Jan 15, 2013 9:56 AM ET
Retail sales in December were ahead of expectations after consumers overlooked Washington gridlock and the prospects of future tax increase. Reported wholesale price index declined for the third month in a row, however the index does not capture the broader prices increases in the service sector.
Jan 14, 2013 1:44 PM ET
Stocks struggled in New York and merger deals drove market sentiment in Europe. President Obama hinted firmer tone in the next debt ceiling negotiations and Fed official estimated accelerating economic growth in the next two years. UPS abandoned its $6.9 billion deal to but TNT Express.
Jan 14, 2013 12:25 PM ET
European markets were weak across the region but merger activities lifted larger markets. Industrial production declined 3.7% in November, third monthly decline in a row.
Jan 14, 2013 12:03 PM ET
TNT Express plunged after UPS abandoned its offer for the parcel delivery company. Swatch Group gained 4% after it agreed to acquire luxury watch unit of Harry Winston. Saint Gobain gained after it received an offer for its glass division in North America.
Jan 14, 2013 1:30 PM ET
Stocks in New York traded lower ahead of comments from Fed officials. Tech stocks led the decliners on the speculation of weaker-than-expected demand for popular phones from Apple. UPS withdrew its offer for TNT Express.
Jan 14, 2013 10:32 AM ET
Australian stocks trimmed gains and new home loans approvals declined in November. Job advertisements fell for the tenth month in a row as businesses restrain from hiring on record strength in the dollar. Consumers repay debt to lower debt and repair personal balance sheet.
Jan 14, 2013 10:07 AM ET
Harry Winston agreed to sell its watch division to Swatch Group for $750 million. PPG Ind said fourth quarter net climbed 5%. UPS withdrew its $6.9 billion offer for TNT Express. V.F. Corp and Altamont offered to acquire Australia based Billabong for $555 million.
Jan 14, 2013 9:29 AM ET
Jaiprakash Power third quarter net loss swung to a quarterly loss. JSW Steel said third quarter steel production increased 8%. Petronet LNG third quarter climbed 7.8% and Tata Consultancy Services net profit in the quarter grew 3.5% to nearly $700 million.
Jan 11, 2013 4:42 PM ET
U.S. and world markets hovered near 22-month high and U.S. trade deficit in November widened on global economic recovery. Banks were in focus ahead of earnings next week. The euro traded at a 2-month high. Japan embarked on the largest stimulus since 2008 and inflation in China gained momentum.
Jan 11, 2013 1:07 PM ET
U.S. indexes rebounded from the low in the first hour of trading and banks struggled. Wells Fargo reported 24% increase in earnings supported mortgage loans business but net interest margin suffered. Boeing declined after two more flights in Japan report problems.