Aug 31, 2011 6:15 PM ET
The U.S. stocks closed higher after factory orders rose 2.4% in July. The narrow index of large companies turned positive and telecom stocks were under pressure after the Justice Department blocked the $39 billion merger between AT&T and T Mobile.
Aug 31, 2011 11:11 AM ET
Bombardier second quarter net income surged 53% to $211 million. DryShips reported second quarter net loss of $114.1 million. Joy Global third quarter net income soared 46% to $173.11 million. Lions Gate said Carl and Brett Icahn agreed to sell up to 44.2 million shares to the company.
Aug 31, 2011 10:39 AM ET
The UK indexes extended gains of more than 2% for the second day in a row. UK consumer confidence dipped in August. Irish jobless rate rose to eight-month high in August. Tesco decided to sell its business in Japan.
Aug 31, 2011 10:37 AM ET
The U.S. indexes traded higher and the private sector employment rose in August but mortgage and refinancing activity fell. Carl Icahn agreed to sell his stake in Lions Gate Entertainment. AT&T proposed to bring back 5,000 jobs as a condition of T Mobile merger approval.
Aug 31, 2011 10:29 AM ET
The apparel and home accessories retailer sales for the quarter increased 9% to $2.09 billion, with comparable store sales up 5% on top of a 4% gain in the prior year. Net earnings in the quarter rose 15% to $148.3 million. Earnings per share rose to $1.28 from $1.07 per share a year-ago quarter.
Aug 31, 2011 9:23 AM ET
Stocks in Japan edged up a fraction and extended rally for the fifth day in a row. Automakers, banks and trading companies led the advancers. The Yen traded near its 25-year high. Taiheiyo Cement plunged 14% after it proposed to a stock offering.
Aug 31, 2011 8:43 AM ET
The Australian stocks traded higher and the dollar was firm. Traders are betting that the dollar to rise as much as $1.20 on the sustained exports to China and other nations in Asia. The Rock agreed to a merger with MyState on 40% premium.
Aug 31, 2011 8:09 AM ET
Euro-zone inflation was steady at 2.5% in August and unemployment was at 10% in July. German unemployment declined but Italy''s annual inflation increased in August. Norway’s retail sales fell in July and Sweden''s current account surplus dropped in the second quarter.
Aug 31, 2011 7:43 AM ET
European indexes rose after German lawmakers approved reforms to the European rescue fund. The euro area jobless rate remained flat at 10% in July. National Bank of Greece swung to first-half loss. Bouygues announced a share repurchase worth €1.25 billion.
Aug 30, 2011 6:42 PM ET
The U.S. indexes rebounded in the afternoon after dropping as much as 1%. The consumer confidence index declined to the lows last seen in April 2009 and metropolitan home price index declined in June. Exxon Mobil Corp and OAO Rosneft reached an agreement to explore Arctic oil.