Jun 23, 2009 5:35 PM ET
Boeing led the decliners in the S&P 500 index after it delayed the launch of 787 Dreamliner. Metro PCS surged after it was selected to replace Tyco Electronics in the S&P 500 index. Rambus plunged on weaker revenue guidance. Steelcase surged after it reported better than expected earnings.
Jun 23, 2009 12:02 PM ET
Stocks in Hong Kong declined but in Shanghai edged up. The global market weakness and lower commodities prices dragged stocks in Hong Kong lower. GCL-Poly Energy agreed to acquire solar components maker Jiangsu Zhongneng Polysilicon for $3.4 billion.
Jun 23, 2009 11:24 AM ET
Stocks in Mumbai trading fell in the morning as Asian markets declined. In the late afternoon market indexes recovered to close nearly unchanged. Satyam Computer appointed new chief. The government reported fiscal deficit in April was 16.3% of the full-year estimate.
Jun 23, 2009 9:56 AM ET
Tokyo investors took the latest World Bank forecast as an opportunity to sell stocks. Cautious investors are looking to take profits after the global stock market rally of three months. Toyota appointed new grand-son of its founder as new president and reorganized its management structure.
Jun 23, 2009 9:02 AM ET
Australian stocks corrected as Asian markets fell on the dour outlook from the World Bank. Resource stocks plunged more than 5% on weak gold and crude oil prices. Australia estimated its exports to decline to A$160 billion in fiscal 2010 from A$196 billion in the year ending this month.
Jun 22, 2009 7:17 PM ET
The World Bank’s cautious outlook for the global economies dragged world market indexes. The benchmark indexes in the U.S. and Europe declined between 2% and 3% and markets in Canada, South America and Mexico dropped 4% or more. The Russian index plunged 7.8%.
Jun 22, 2009 4:21 PM ET
UK stocks closed lower after weakness in global markets. Merger and deal news dominated trading sentiment. Xstrata proposal to acquire Anglo American was rejected by its board. UK home repossessions were lowered to 65,000.
Jun 22, 2009 3:29 PM ET
Adobe second quarter revenue dropped 20.5% to $704.7 million and profit dropped 38% to $161.4 million. Earnings per share were 24 cents as against 40 cents in the year ago quarter. Revenue for Q3 is expected to range between $665 million to $715 million.
Jun 22, 2009 3:23 PM ET
The apparel retailer first quarter sales declined 25% to $306.2 million on same-store sales decline of 26.9%. Net loss was $23.6 million or 44 cents per share against net income of $1.6 million or earnings of 3 cents per share in the prior year quarter.
Jun 22, 2009 2:36 PM ET
Business sentiment among large manufacturers improves in June quarter as talks of economic recovery raise expectations. Japan agrees to advance emergency loan of $1 billion to Japan Airlines, lower than $2 billion sought by the airline. Nissan and NEC are partnering to make electric cars in the U.S.