Sep 30, 2011 8:35 AM ET
U.S. indexes closed at their lows in the month and plunged more than 13% in the quarter. The weakness in the market was rooted in the weakening economic data and persistent worries on the euro zone. Eastman Kodak is said to weigh bankruptcy and sell patent portfolio.
Sep 30, 2011 11:33 AM ET
AZZ second quarter net income fell to $9.61 million. Ingersoll-Rand revised its third quarter and full-year revenues guidance. Lumber Liquidators narrowed its outlook for fiscal 2011. Micron Technology reported fourth quarter net loss of $135 million.
Sep 30, 2011 11:34 AM ET
Stocks in Japan were flat and investors turned cautious after weak global sentiment. Industrial production increased for the fifth month in a row and labor force declined to the 1987 level. Furukawa, Fujikura and Sumitomo Electric plunged on price fixing charges worries. Promise soared 18%.
Sep 30, 2011 10:24 AM ET
Australian stock closed flat after a volatile session. At the end of the week the benchmark index added 2.7% and in September the index declined 6.1%. Australian home prices declined 0.4% in August.
Sep 30, 2011 9:54 AM ET
The UK indexes declined on weak global economic data. UK consumer confidence rose in September. Ingersoll-Rand plunged 14.5% on weak third quarter and fiscal year 2011 outlook.
Sep 30, 2011 9:03 AM ET
U.S. and global indexes plunged after China’s manufacturing contracted for the third month in a row. Personal income in the U.S. slid 0.1% but spending rose 0.2% in August. European indexes slumped on weak German retail sales and euro area inflation rose. Micron swung to quarterly loss.
Sep 30, 2011 8:27 AM ET
Euro-zone annual inflation rose in September and jobless rate remained flat in August. German retail sales slumped 2.9% in August. French public debt and Denmark economy grew in the second quarter. Norway’s jobless rate slipped to 2.5% in September and Italy’s rate decreased to 7.9%.
Sep 30, 2011 8:20 AM ET
European indexes declined after inflation in September rose and the German retail sales declined 2.9%. China’s manufacturing contracted for the third month in a row. Hochtief’ subsidiary Leighton sold parts of Australian iron ore business to BHP for €512 million.
Sep 29, 2011 4:22 PM ET
U.S. indexes soared after unemployment claims declined below 400,000 and the economic growth was revised higher to 1.3%. The market sentiment was also bolstered after German lawmakers supported the expanded participation in the rescue fund. Commodities gained and oil rebounded.
Sep 29, 2011 11:02 AM ET
Advanced Micro Devices lowered its revenue forecast for the third quarter. AutoZone board authorized the repurchase of additional $750 million of shares. Harleysville agreed to be acquired by Nationwide Mutual Insurance Co. Mosaic first quarter net earnings surged 77% to $526 million.