Jun 30, 2011 4:05 PM ET
U.S. stocks closed higher on the last day of the second quarter. The day also marks the end of second round of easy monetary policy that lasted seven months. The controversial QE2 program lifted stocks by 26%, gold by 22% and the dollar declined 10%. For the year the S&P 500 index gained 4.9%.
Jun 30, 2011 12:00 PM ET
Constellation Brands first quarter net income surged 52% to $74.5 million. News Corp sold Myspace for $35 million and may have lost as much as $1 billion since acquisition six years. McCormick second quarter net income grew to $73.6 million.
Jun 30, 2011 10:33 AM ET
The UK indexes rose after home prices remained flat and consumer confidence dropped in June. Lloyds surged 9% after it proposed to cut 15,000 jobs to deliver £1.5 billion of annual savings in 2014.
Jun 30, 2011 3:05 PM ET
U.S. indexes traded higher after weekly jobless claims fell 1,000 and pending home sales increased in May. News Corp sold Myspace for $35 million to Specific Media. CA Inc agreed to acquire Interactive TKO for $330 million.
Jun 30, 2011 9:57 AM ET
Euro area inflation remained flat at 2.7% in June. German jobless rate declined in June. French producer prices rose less than estimated in May. Hungary surplus improved and Denmark GDP contracted in the first quarter.
Jun 30, 2011 7:37 AM ET
The European indexes extended gains after the Greek parliament approved the austerity measures. AkzoNobel planned to acquire Schramm Holding for €142 million. Barclays agreed to sell private equity fund interests worth €520 million to AXA Private Equity.
Jun 30, 2011 7:26 AM ET
Stocks in Japan gained for the third day in a row on the expectation of faster improvement in supply chain and manufacturing output. Utilities gained on the talks of restarting at least one nuclear power plant. The Nikkei declined 0.4% in the first half.
Jun 30, 2011 6:52 AM ET
The Australian stocks scaled higher after Greece approved deeply unpopular austerity measures. The benchmark index soared 7% in the first half of the year as mining companies led gainers. Insurance Australia Group estimated margins between 8% and 10% in the current year.
Jun 29, 2011 5:33 PM ET
U.S. indexes extended gains for the third day in a row as investors looked beyond Greek austerity vote. The euro gained and crude oil and metals advanced. Visa and MasterCard surged after the latest Fed proposal showed higher fees that retailers pay for debit card transactions.
Jun 29, 2011 12:32 PM ET
Bank of America agreed to pay between $8.5 billion and $9.1 billion for losses linked to mortgage securities that were sold between 2004 and 2008. The bank also guided second quarter net income between $3.2 billion and $3.7 billion.