Dec 04, 2008 2:51 PM ET
Australia Bureau of Statistics reported that balance of goods and services was a surplus of A$2.9 billion in October from a revised surplus of A$1.25 billion in the previous month. Separately ABS reported that total dwelling units approved dropped 5.4% to 10,730 units in October from a year ago.
Dec 04, 2008 5:11 PM ET
Tokyo stocks fell 1% on the worries that automakers in Japan will suffer if GM and Chrysler are forced to seek bankruptcy protection. Separately, Profits at Japanese companies dropped 22.4% in the three months to September. Yen dropped against dollar but remains at the highest level for the year.
Dec 04, 2008 1:38 PM ET
Stocks in Hong Kong fell but in Shanghai rose on trading volume below average level last year. Earlier stock dropped as much as 2% on the higher mortgage rates. Realty stocks fell sharply but banks rose.
Dec 04, 2008 5:10 PM ET
Initial claims of unemployment fell at the end of last week but number of insured unemployed persons rose above 4 million. November same store sales fell sharply, despite initial surge in the holiday period. AT&T Inc plans to eliminate 12,000 jobs, nearly 4% of its staff.
Dec 03, 2008 7:42 PM ET
Vehicle sales decline accelerated in November as more customers avoided purchase of automobiles. Total vehicles sales plunged 37%. Honda, Hyundai and Kia were the few auto companies where passenger car sales rose in the first eleven months. BMW Mini continues to increase sales.
Dec 03, 2008 6:30 PM ET
U.S. stocks closed higher in volatile trading on a rise in holiday Internet sales and an increase in mortgage applications. Amazon.com surged nearly 10%. Auto makers are threatening that they will run out of cash soon. Australia third quarter GDP growth rate fell. Japan considers stimulus package.
Dec 03, 2008 4:30 PM ET
Freeport McMoran eliminated dividend and stock fell 20%. Research in Motion gained on 65% rise in revenues. Del Monte Foods rose 18% on revenue rise of 11.5%. General Electric rose after it tightened its earnings near low end of its forecast and confirmed the dividend. Constellation Energy up 12%.
Dec 03, 2008 3:03 PM ET
Cognizant Technology third quarter increased 31% to $734.7 million from a year ago. Net income was $112.8 million or $0.38 per diluted share compared to $96.2 million or $0.32 per share. The company estimates fourth quarter earnings of 45 cents a share.
Dec 03, 2008 6:12 PM ET
Stocks in Mumbai closed up in a volatile session. India is exploring cross border military or commando raid to eliminate terrorist camps if Pakistan fails to reign in on outlawed groups. Terrorists are using Karachi to finance their operations. SEBI extended margin facility to all investors.
Dec 03, 2008 6:11 PM ET
Australian third quarter GDP growth fell to 0.1% and non-farm sector growth declined 0.3%. Weak exports and falling domestic demand weakened the service and construction sector. Babcock & Brown received A$150 million in emergency funding from a syndicate of banks.