Jun 17, 2009 5:49 PM ET
President Obama unveiled the overhaul financial regulations that failed to impress investors and Wall Street. The plan appears to satisfy lobby groups of various financial products purveyors but fails to tackle the core issues of leverage and high interest rates on consumer products.
Jun 17, 2009 5:07 PM ET
U.S. stocks struggled as the President Obama offered his plan to overhaul financial regulations. Ten healthy banks repaid $70 billion of funds to the U.S. government with interest. S&P lowered ratings on eighteen banks. Fertilizer stocks fall after K+S estimated lower international demand.
Jun 17, 2009 4:16 PM ET
European markets closed lower. Michelin plans to eliminate 2,900 positions in France. K+S lowered its outlook for the production and potash fertilizer prices for the second half. Aeroports de Paris completed Sfr 250 million bond offering.
Jun 17, 2009 5:01 PM ET
UK unemployment edged up to 7.2% in three months to April and increased at a slower pace than expected. J. Sainsbury completed offering of £242 million stocks and £190 million bonds offering. Holidaybreak Plc to plans £31 million offering to acquire properties.
Jun 17, 2009 2:30 PM ET
Stocks in Japan edged higher defying the decline in regional markets. Real estate stocks rallied on the expectations that recent tax break will spur housing demand. 20-year government bond auction drew more investors that expected.
Jun 17, 2009 12:54 PM ET
The talent management firm fourth quarter fee revenue fell 43.5% to $107 million and operating loss was $33.9 million compared to income of $20.2 million a year ago. Loss per share was 45 cents as against earnings per share of 36 cents a year ago.
Jun 17, 2009 12:45 PM ET
Watson Pharmaceuticals surges 5% after it agreed to pay $1.75 billion for Arrow Group. E*Trade plunges 15% after it proposed to raise $400 million in stock offering and $1 billion in debt. FedEx declined after it offered weaker than expected outlook for the fiscal first quarter.
Jun 17, 2009 10:51 AM ET
U.S. stocks edge lower after the release of consumer price index data. European markets tracked lower after the release of construction and UK unemployment data. E*Trade propose $1 billion of debt exchange and $400 million stock offering. FedEx estimates lower than expected first quarter earnings.
Jun 17, 2009 9:18 AM ET
Mumbai stocks in volatile trading fell sharply in the last hours of trading. The benchmark index opened lower on a weak trading sentiment in the U.S. and worries that local markets may be stretched. The advance payments of taxes for the first fiscal quarter were nearly unchanged from a year ago.
Jun 17, 2009 8:28 AM ET
Australian stocks declined on weak U.S. industrial production data and general weakness in Asian markets trading. Australian leading economic index rebounded in April from March and home construction declined 4% in March. Asciano plunged after it increased its plan to raise more capital.