Sep 21, 2009 4:45 PM ET
European markets declined for the second day in a row. Resource stocks led the decline after commodities and crude oil futures fell. Areva received several bids for its transportation and distribution unit. Daimler expects profit in the second half. Parmalat and K+S declined.
Sep 21, 2009 2:19 PM ET
UK stocks declined as commodities and the pound fell. Land Securities agreed to sell its one third holding in Bullring mall in Birmingham. PetroNeft plans to raise $27.50 million. Royal Bank of Scotland is planning multi-billion dollar issue to raise capital.
Sep 21, 2009 12:40 PM ET
Dell Inc declined after it agreed to acquire Perot Systems for $3.9 billion. Perot Systems surged 66%. Lennar dropped after it reported wider than expected loss and dragged other home builders lower. Moody’s declined after it did not agree to attend regulator hearing scheduled next week.
Sep 21, 2009 11:19 AM ET
U.S stocks edged lower as home builders and resource stocks traded lower. European and Asian markets declined on the worries that world market valuations are ahead of economic fundamentals.
Sep 18, 2009 7:20 PM ET
Consumer finance companies faced selling after Aiful plunged 27% and sought restructuring of 280 billion yen loans. Financials closed lower. Real estate companies declined after Japan reported sharpest decline in land prices in a year ending in June.
Sep 18, 2009 6:07 PM ET
Australian stocks edged lower after three days of gains as resource stocks firmed in the week. Crude oil futures have surged more than 27% in the year and gold has one-year high and silver is trading at multi-year high. Retailers and banks generally closed higher.
Sep 18, 2009 5:33 PM ET
Michigan led the nation with unemployment rate of 15.2% followed by Nevada, California and Rhode Island. The unemployment rate increased 3.5 percentage points to 9.7% in last one year to August.
Sep 18, 2009 11:43 PM ET
U.S. stocks advanced as dollar traded near recent lows and gold, silver, copper and crude oil declined. Consumer stocks and cyclical led the gainers in weak trading. Michigan led the nation in August with unemployment rate of 15.2%. UK deficit in August soars and euro-dollar bonds issuance rises.
Sep 18, 2009 3:42 PM ET
European government issued dollar denominated bonds as dollar weakens. The weekly issuance surged this week to $21.7 billion. German producer prices in August increased 0.5% on the rise in energy costs. Total SA workers threaten strike ahead of refinery capacity closure in France.
Sep 18, 2009 6:11 PM ET
The pound fell and is likely to trade weak as UK struggles with rising cost of bank bailout and falling tax receipts. UK government debt surged to 57.5% of GDP and is likely to surpass 60% by the end of fiscal 2010.