May 20, 2009 5:49 PM ET
U.S. stocks edged lower after the Federal Reserve estimated deeper recession this year and a slower growths in the next two years. The Fed is likely to increase its plan to purchase or back debt of $1.75 trillion. Crude oil futures increased after the inventories declined. Dollar declined.
May 20, 2009 3:12 PM ET
Investors in Europe debated the fate of euro, future direction of German exports and health of banks in the U.S. and Europe. Air France surged 11% and eliminated 2,700 jobs. Michelin surged 5% after Goldman Sachs lifted its price target.
May 20, 2009 2:24 PM ET
Increasingly UK investors are relying on global economic recovery to lift earnings at commodities companies. Domestic economy is still weak and there are no signs of housing market stabilization. The BoE unanimously agreed to increase the plan to print new money by £50 billion.
May 20, 2009 12:08 PM ET
The Australian consumer index declined in May, as it has every month for the last one year. The Australian wages increased at a slower pace in the first quarter. The dollar declined. Billabong International plunges 20% after it completes institutional offering.
May 20, 2009 11:29 AM ET
Hertz Global led the decliners in the S&P 500 index of 9.7%. Eaton Vance second quarter net income declines 51%. Hewlett-Packard shares slip on sales outlook. Paragon Shipping first quarter profit exceed analysts’ view and shares soar.
May 20, 2009 10:47 AM ET
The natural foods retailer quarterly sales declined marginally to $1.9 billion on comparable store sales fall of 4.8%. Net quarterly income decreased 11.7% to $35.3 million hurt by non-cash asset impairment charges. Earnings per share dropped to 19 cents from 29 cents a year-ago quarter.
May 20, 2009 10:09 AM ET
Japan economy declined the most in its fourth quarterly shrinkage in a row. A sharp fall in exports and domestic consumption contributed to the shrinkage in the economy. Shipping lines surged on a rise in freight rate index.
May 20, 2009 8:51 AM ET
Stocks in Mumbai trading declined for the first time after a rally that lifted the benchmark indexes nearly 20%. The euphoric mood helped companies to raise capital. The real estate developer Indiabulls and Tata Steel raised $1 billion.
May 19, 2009 8:44 PM ET
Banks in France and in Europe gained after the French agency launched €20 billion program for its second round of capital injection. Air France KLM reported net loss. Drug wholesaler Celesio AG dropped 14% after it lost its appeal to build pharmacy chain in Europe.
May 19, 2009 8:00 PM ET
Australian benchmark index closed higher on a rise in metals and energy prices. Canada based Viterra offered A$1.6 billion for ABB Grains Ltd in cash and stock. AWB Ltd first half net declined 62%. Lion Nathan reported first half profit increased 7%.