Apr 06, 2009 6:37 PM ET
Techs and banks closed lower after rising for nearly a month. Investors now focused on soon to be released earnings are nervous that though stocks are cheaper compared to a year ago but may have a room fall further. Banks fell on beaish views from an analyst.
Apr 06, 2009 5:48 PM ET
In London trading stocks closed lower tracking losses in miners and financials. HSBC jumped 5% after it managed to place 97% of its rights offering and raise £12.85 billion at 50% discount to a price a year ago. The bank may need to raise more capital if losses at its U.S. unit rise.
Apr 06, 2009 5:47 PM ET
Stocks in Australia closed higher despite a fall in commodities and crude oil prices. Australian job ad placement declined in March indicating a further rise in unemployment. Jobs ads declined 8.5% from February and plunged 54% from a year ago.
Apr 06, 2009 2:16 PM ET
The benchmark stock index in Japan gained 1.2% after finance minister Kaoru Yosano said the government will unveil a $100 billion stimulus plan. Bank of Japan in its two-day policy meeting is considering to expanding the collateral for bank lending.
Apr 06, 2009 2:01 PM ET
Stocks in Hong Kong gained 3% after HSBC received favorable response from investors. The troubled bank raised $18.5 billion through rights issue. HSBC closed up 5.3%. Separately, production of chemicals gained 2.4% in the first two months of this year.
Apr 06, 2009 1:18 PM ET
Sun Microsystems, Inc led the decliners in the S&P 500 index with a loss of 23.7%. U.S. stocks in the morning traded lower after the negotiations between IBM and Sun Microsystems ended with no deal, weak banking stocks on analyst downgrade and Treasury Secretary Geithner comments.
Apr 06, 2009 10:28 AM ET
U.S. stocks edged lower on worries that banks may have to face more write-offs. IBM and Sun may have ended their exclusive talks seeking a merger. Banks in Japan are likely to take higher charges. European stocks declined. EU investigators send a list of charges to Visa Europe regarding its fees.
Apr 06, 2009 8:56 AM ET
The cruise operator quarterly revenues declined 9% to $2.9 billion. Net quarterly income increased 10% to $260 million due to one-time gains and lower cruise costs. Earnings per share rose to 33 cents from 30 cents in the prior-year quarter.
Apr 04, 2009 10:29 AM ET
The technology outsourcing and consulting firm reported net quarterly revenues declined 6% to $5.27 billion. Net quarterly income decreased 6% to $498.7 million. Earnings per share were 63 cents compared to 64 cents a year-ago quarter. New bookings for the quarter were $5.98 billion.
Apr 03, 2009 8:11 PM ET
Markets in New York and Europe closed higher in a week when euphoria reigned after the G-20 summit. Unemployment surged to a 25-year high in March and job losses were widespread as the U.S. economy continues to shrink. Copper surged above $2 a pound for the first time in five months.