Apr 15, 2009 5:55 PM ET
U.S. stocks edged higher but tech stocks were weak. Treasuries declined after California plans to sell new bonds that will incur federal taxes. U.S. oil inventories are edging at 18-year high but crude oil price hovered near $50 a barrel. Rio Tinto reported a fall in iron ore production.
Apr 15, 2009 3:22 PM ET
Stocks in Hong Kong and Shanghai edged higher after a note in the official China Securities Journal suggested revised taxes and fiscal guidelines. The revision was interpreted by market experts as additional measures from the government to stimulate economic growth.
Apr 15, 2009 3:05 PM ET
New condo offerings in Tokyo metropolitan area decline 46.2% to 2,390 units in March. Nomura seeks Japanese government approval to raise $4 billion in the UK after it successfully raised $100 million in South Africa. The benchmark index Nikkei 225 Average fell 1.1%.
Apr 15, 2009 2:47 PM ET
Rio Tinto reported a sharp fall in mining output in iron ore, aluminum and copper and coking coal output rose. Leading indicator index in Australia fell sharply in February as the economy struggles with falling domestic demand, tight lending conditions and weak exports growth.
Apr 15, 2009 1:42 PM ET
Capital One Financial Corporation led the decliners in the S&P 500 index with a loss of 9.2%. CSX Corporation first quarter profit slides to 62 cents a share. Intel Corporation first quarter sales fall 26%. Peabody Energy first quarter revenue triples but falls short of expectations.
Apr 15, 2009 11:51 AM ET
U.S. stocks edged higher in the morning trading after the latest read on industrial production and consumer price index showed decline. The decline in both indexes was viewed by the market as deferring inflation. Capacity utilization fell to the lowest since data collection began in 1967.
Apr 15, 2009 10:29 AM ET
CarMax fourth quarter sales dropped 28% to $1.47 billion but net income surged 71.9% to $37.52 million helped by lower expenses and an income at CAF. Earnings per share were 17 cents as compared to 10 cents a year ago.
Apr 14, 2009 6:13 PM ET
U.S. economic reports overshadowed the better than expected earnings from Johnson & Johnson and Goldman Sachs. UK pound edged higher after a interbank interest rate in London steadily declined. European banks gained on Goldman Sachs earnings. Intel net drops 55% to 11 cents or $647 million.
Apr 14, 2009 4:04 PM ET
UK stocks dropped as much as 1.1% and pound strengthened on a steady fall in interbank loans. Mining companies rose after copper prices increased. Poland the second nation after Mexico is seeking IMF assistance to support its currency.
Apr 14, 2009 1:10 PM ET
Australian stocks gained as commodities and gold prices edged higher. Australian business lending falls 14.7% to A$25 billion in February but business confidence increase in March. Qantas slashes its earnings estimate for the fiscal year to as low as A$100 million.