May 26, 2011 4:14 PM ET
U.S. stocks closed higher and regained losses of the day. The second day advance after a three-day sell-off was bolstered by a weaker euro and higher commodities prices. Greece was again in focus in Europe after the IMF demanded collateral for additional sovereign debt.
May 26, 2011 1:44 PM ET
Big Lots first quarter net income fell 4.3% to $52.4 million. Guess first quarter net income fell 15% to $42.7 million. Heinz fourth quarter net income soared 16.4% to $224 million. NetApp fourth quarter net income rose to $160.6 million. TD Bank second quarter net income rose to $1.33 billion.
May 26, 2011 11:17 AM ET
U.S. stocks fell after the weekly unemployment claims increased and first quarter GDP estimate was left unchanged at 1.8%. Market sentiment weakened after the GDP data was not revised higher. Tiffany gained on better than expected earnings. Big Lots estimated lower than expected quarterly net.
May 26, 2011 9:08 AM ET
European markets traded flat as commodities increased and crude oil hovered near $100 price. Talks of Greek default dominated trading sentiment. European automakers declined. Austria based Reiffeisen Bank reported a slight increase in quarterly earnings.
May 26, 2011 8:36 AM ET
Stocks in Mumbai trading closed higher after struggling for the last five days. Tata Steel swung to profit on higher sales and estimated higher global steel prices in the current year. Coal India gained after it reported higher than expected annual net. Dish TV India cut its net loss by 40%.
May 26, 2011 7:48 AM ET
Stocks in Tokyo advanced tracking the gains in the U.S. markets in overnight trading. Canon Inc soared after it proposed to buy back 1.2% of its shares. Ricoh plans to eliminate 10,000 staff in the next three years.
May 26, 2011 6:56 AM ET
Australian stocks rebounded after struggling for three days in a row as sentiment improved. In regional trading, Asian markets advanced after U.S. indexes and commodities prices regained their bearings. GrainCorp first half net soared 66% and guided higher annual net.
May 25, 2011 5:18 PM ET
U.S. stocks gained after falling for three days in a row as commodities and crude oil advanced. U.S. home prices decline. Spirit Airlines Inc cuts its public offering terms and size. In Europe, Greece’s opposition party rejected the European regulators plan for privatization plan.
May 25, 2011 12:47 PM ET
Stocks in London gained as miners and energy linked companies advanced. UK first quarter estimate was unrevised at 0.5%. Mortgage approvals dropped 18% from a year ago and average loan value declined 1.1%. Cupid soared nearly 20% after it made positive comments.
May 25, 2011 11:39 AM ET
Bank of Montreal second quarter net income increased 7.5% to $800 million. Costco third quarter net income grew to $324 million. Hormel Foods second quarter net earnings surged 41% to $109.6 million. Toll Brothers second quarter net loss narrowed to $20.8 million.