Oct 07, 2009 1:01 PM ET
AirTran Holdings plunged after it filed to sell convertible notes and stocks. Avis Budget Group filed to raise at least $250 million. Home builders edged lower. Costco Wholesale Corp gained on positive outlook. Family Dollar advanced on earnings. Yum! Brands quarterly sales fall 2%, net drops 18.4%.
Oct 07, 2009 10:52 AM ET
In the early trading in New York, stocks trade lower as commodities rise and dollar hovers near its low. Home builders fall on the worries that first time home buyer tax credit many not be extended. Costco gains on better than expected outlook. Eurozone revises its economic outlook higher.
Oct 07, 2009 10:48 AM ET
World stocks traded sideways as commodities prices gain for the third day in a row and gold reach a new intra-day high. Silver, gold and copper advance as investors rethink their inflation expectations. Telefonica SA bids 12% higher than Vivendi SA for Brazil second largest mobile carrier.
Oct 07, 2009 9:40 AM ET
Stocks in India closed lower. Tata Steel and JSW Steel said steel production increased in the quarter ending in September. Record gold price is expected to dampen demand in Diwali season. Latest mobile telecom price was dragged into the second week as Reliance follows Tata-DoCoMo price cut.
Oct 06, 2009 7:50 PM ET
Reserve Bank in Australia lifted rates surprising most market watchers. The RBI Governor Glenn Stevens focused on the economic acceleration and sharp rise in asset prices. Market interpreted the interest rate move as yet another confirmation of Asian economic recovery.
Oct 06, 2009 7:05 PM ET
U.S. stocks edged higher as talks of earnings drove investor sentiment. Gold closed at a record high and is in its ninth annual gain in a row since 2001 when it traded near $275. Silver, copper and natural gas advanced too.
Oct 06, 2009 5:56 PM ET
European markets traded higher following the rise in New York markets. Banks in Germany closed higher with Commerzbank and Deutsche Bank leading the gainers. Bilfinger Berger agreed to acquire Austria based MCE Beteiligungs for €350 million.
Oct 06, 2009 3:06 PM ET
Tesco sales in the first half increased 8.3% to £30.4 billion and net increased 2% to £1.03 billion. Net income in Asia increased on the acquisition in South Korea. UK based stores comparable sales increased 3.7%.
Oct 06, 2009 2:47 PM ET
London stocks tracked the rise in commodities as copper and gold regained their momentum. Tesco Plc first half revenues increased 8.2%. Northern Foods declined after total sales in the first half were flat and the comparable sales in the period gained less than expected.
Oct 06, 2009 12:49 PM ET
Avocent Corp surged 20% after it agreed to be acquired by Emerson Electric for $25 a share or $1.2 billion. St. Jude Medical dropped 11% after it lowered its adjusted third quarter earnings outlook. The Mosaic Co first quarter profit falls to $100.6 million. Pepsi Bottling quarterly net rises.