Oct 22, 2009 6:23 PM ET
The Wholesale inflation index showed an increase in inflation in the week ending on October 10. Price decline two months ago was revised sharply lower. Larsen & Toubro declined after it estimated sales rise of 15% in the next year. Hero Honda net surged 95%.
Oct 22, 2009 5:48 PM ET
U.S. recovered after investors decided to focus on a select list companies that reported better than expected earnings. McDonald’s, Travelers, Prologis, New York Times and others reported better performance compared to a year ago. American Express fell as credit card defaults eased.
Oct 22, 2009 5:25 PM ET
European markets fell after banks closed mixed and miners traded lower. Ericsson dropped 6% after quarterly net plunged 71%. Credit Suisse dropped 3% after reporting third quarterly profit in a row. Schneider SA quarterly sales fell 15%. Bilfinger Berger AG completed its €269 million offering.
Oct 22, 2009 5:24 PM ET
Stocks in London closed lower after miners and commodities priced declined. China reported rising inflationary pressures as the economy expanded at 8.9% in the third quarter. September retail sales rose 2.4% from a year ago. Punch Tavern and Enterprise Inns surged on a favorable ruling.
Oct 22, 2009 3:33 PM ET
New York Times led the gainers after it reported better than expected operating profit on the higher retail sale prices and operations cost cuts. Janus led the decliners after it reported weaker than expected earnings. 3M Company gained on earnings. AT&T reported flat quarterly net.
Oct 22, 2009 10:30 AM ET
U.S. stocks fell in the morning trading after weekly jobless claims increased. Beige Report painted weak economic outlook and indicated patchy and uneven recovery. Quarterly reports released at most companies today indicated weak sales and falling earnings.
Oct 21, 2009 8:28 PM ET
European markets closed lower after a weakness in industrial and financial stocks in the region. PSA Peugeot declined on weak sales outlook. Deutsche Bank reported earnings and a weak investment banking performance in the U.S. The luxury brands manager PPR SA fell after it reported weak sales.
Oct 21, 2009 7:50 PM ET
UK stocks closed nearly unchanged after early losses. BAA Ltd sold Gatwick airport for £1.51 billion and will book a loss of 142 million euros. Cadbury Plc lifted its annual revenues and earnings outlook. The Bank of England committee voted unanimously to keep asset purchase plan intact.
Oct 21, 2009 7:06 PM ET
SLM Corp led gainers in the S&P 500 index with a rise of 19.6%. Air Products & Chemicals, Inc third quarter profit falls on lower revenue. U.S. Bancorp increased after quarterly revenues surged 26.5%. KeyCorp dropped after earnings dropped more than expected.
Oct 21, 2009 6:49 PM ET
U.S. stocks closed lower on the weakness in banks. Analyst downgrade of Wells Fargo dragged the market sentiment lower. Morgan Stanley closed higher on earnings. Allegheny Technologies led the decliners in lower than expected sales and earnings. SanDisk surged on higher sales outlook.