Sep 02, 2009 2:42 PM ET
BP Plc, the second largest energy company in Europe and the largest oil explorer in the Gulf of Mexico claims to discover one of the largest energy field in the region.
Sep 02, 2009 2:39 PM ET
U.S. stocks gained in the morning despite the private jobs report showed 298,000 jobs were lost in August. U.S. productivity increased 6.6% in the second quarter, the sharpest gain in nearly six years.
Sep 02, 2009 12:24 PM ET
The teen apparel retailer net quarterly sales increased 20% to $453 million on same-store sales rise of 12%. Net quarterly income surged 83% to $38.6 million boosted by higher same store sales growth. Earnings per share rose to 57 cents from 31 cents a year-ago quarter.
Sep 01, 2009 7:16 PM ET
Stocks in Japan edged higher after the release of auto sales and expectations of higher sales at chipmakers. Seven & I Holdings lowered its annual earnings estimate by 11.4%. Toyota reported first monthly sales increase in 13 months as August sales increase 2.3%.
Sep 01, 2009 6:38 PM ET
In Mumbai trading stocks fell tracking losses in rupee and selloff from international markets. NHPC on its first day of trading surged as much as 16%. Reliance Communications prepaid nearly $1 billion in debt to lower interest costs. Auto and motorcycle sales in August surged. Exports drop in July.
Sep 01, 2009 5:35 PM ET
Financials led the decliners in the U.S. trading as broader indexes closed lower 2%. World markets have been in a retreat for two days and today markets in Europe and Americas declined on valuation worries and impending losses in financial system. AIG plunged 21% and Wells Fargo, Citigroup declined.
Sep 01, 2009 4:21 PM ET
Reserve Bank of Australia left its key lending rate unchanged at 3% and the bank cited the global economic stimulus and rising commodities prices. Manufacturing expanded in August and new dwelling constructions approvals increased in July.
Sep 01, 2009 5:38 PM ET
Areva SA first half net plunges 79%. Vivendi first half revenues rose 17%. French new cars registration increased 7% in August on €1,000 rebate. Fresenius declined after negative comments from an analyst. Vinci agreed to acquire electric contractor Cegelec SA for €1.2 billion from Qatar fund.
Sep 01, 2009 3:20 PM ET
UK stocks turned lower in the late afternoon on the weak sentiment in the U.S. trading. Lower metals and oil prices also contributed to the declines. RSA Insurance Group is looking to raise $1 billion. AstraZeneca reported better results during trials using Brilinta to treat heart attacks.
Sep 01, 2009 12:50 PM ET
American International Group led the decliners in the S&P 500 index with a loss of 8.8%. Benihana Inc first quarter net plunges. China Medical Technologies first quarter net fell 96%. SINA Corp second quarter net income falls. Rambus declined after California Court delayed the anti-trust case trial.