Jan 17, 2013 1:11 PM ET
AB Foods reported first quarter sales increased 10% and France based Carrefour said Latin America and Asia sales lifted total sales. Delhaize Group reported better than expected results and closed more Food Lion stores in the U.S. Remy Cointreau surged 8% but organic sales growth slowed.
Jan 17, 2013 12:50 PM ET
European markets recovered from the morning slide. Construction output in the euro zone declined at a slower pace in November. Leading economic conditions index in Spain showed an improvement for the third month. IMF released the next tranche for Portugal.
Jan 17, 2013 11:36 AM ET
BofA reported a sharp fall in earnings after legal charges linked to mortgage loans settlements. Citigroup reported higher earnings but a surprise legal charge of $1 billion. CBS surged after it said it is taking steps to divest its outdoor advertising unit. Ebay net surges on PayPal performance.
Jan 17, 2013 11:13 AM ET
Initial jobless claims filed at the last week declined to the lowest level last seen in January 2008, however continuing claims filed increased 87,000. Separately, housing starts soared 12.1% in December on a surge in multifamily unit construction.
Jan 17, 2013 2:51 PM ET
Market indexes in New York traded higher after the latest data on housing market and unemployment pointed to steady economic recovery. Citigroup and Bank of America reported sharp decline in earnings on mortgage loans related charges.
Jan 16, 2013 3:44 PM ET
Indexes in New York held steady after inflation was unchanged in December and factory production increased at a slower pace. Germany lowered its economic growth outlook to 0.4% and said 2012 deficit to GDP ratio was 0.32%. Nikkei in Japan dropped 2.6% and indexes in Mumbai and Hong Kong fell.
Jan 16, 2013 12:44 PM ET
European markets recovered from early losses and institutional investors stepped up to add exposure to stocks. Investors expect another year of market gains across Europe in a survey conducted by the research team at 123jump.com.
Jan 16, 2013 12:17 PM ET
Stocks in New York traded sideways after banks report rising earnings. JP Morgan, M&T, Northern Trust and US Bancorp report higher earnings. Boeing declined after Japanese airlines ground fleet of 787 Dreamliners. Consumer prices were unchanged in December.
Jan 16, 2013 11:03 AM ET
Stocks in Tokyo fell sharply from a 32-month high after the yen declined for the second day. Market indexes have surged more than 26% in the last two months. Aircraft parts suppliers declined after ANA grounded a fleet of Boeing 787 for inspection after an emergency landing.
Jan 16, 2013 10:33 AM ET
Australian markets closed higher after auto sales jumped in December and banks gained. The latest read on consumer sentiment showed a positive bias. Boral, construction material company plans to trim 700 jobs.