Nov 11, 2011 10:09 AM ET
Australian stocks edged up and closed nearly unchanged after a volatile week. Leighton Holdings vowed to keep costs under control and reaffirmed its annual earnings outlook. Fairfax Media dropped after founder sold his entire stake.
Nov 10, 2011 5:03 PM ET
U.S. stocks traded higher a day after the indexes plunged 3.7%. Earnings and narrower trade deficit played a role in improving the sentiment. Worries for the euro zone eased after Italy successfully sold bonds but at a higher rate. U.S. trade deficit declined and China''''s export growth slowed.
Nov 10, 2011 12:37 PM ET
U.S. stocks gained on positive earnings and a sustained rise in Chinese trade. Market sentiment was bolstered at the opening after Italy completed the sale of €5 billion of bonds and the parliament is set to vote on economic bill this weekend. Cisco Systems results were ahead of expectations.
Nov 10, 2011 11:51 AM ET
99Cents second quarter net increased to $15.1 million. Cisco first quarter net fell 7.9% to $1.8 billion. Kohl’s third quarter net soared 20% to $211 million. Viacom fourth quarter net surged to $576 million.
Nov 10, 2011 11:41 AM ET
European markets stabilized after Italy successfully completed the sale of 1-year note but at nearly twice the rate only five weeks ago. Market indexes across the region were generally higher. Greek Prime Minister designate Lucas Papademos reaffirmed the commitment to euro.
Nov 10, 2011 10:07 AM ET
Japan stocks declined following the regional losses in Asian markets. Banks were among the leading decliners. Machinery orders in September fell 8.2%. Olympus stock plunged daily limit as police inquiry begins.
Nov 10, 2011 8:32 AM ET
Australian stocks recovered from the early selloff after China reported rising imports. Australia added net new 10,100 jobs in October. Brambles quarterly net soars 32%. John B. Fairfax sold his remaining 9.7% in the namesake media company.
Nov 09, 2011 6:04 PM ET
U.S. indexes plunged as investors began to digest the global implications of the Italian and the euro zone turmoil. Italian bond yields surged over 7%, the level that brought down four other governments and required bailouts from the European authorities. Gold dropped 2%, copper declined 5%.
Nov 09, 2011 11:58 AM ET
Ashland reported fourth quarter net loss widened to $263 million. Dean Foods said net in third quarter swung to a loss $1.54 billion. General Motors third quarter net fell to $1.7 billion. Macy’s third quarter net soared to $139 million. Ralph Lauren said second quarter net rose to $233.5 million.
Nov 09, 2011 11:36 AM ET
U.S. indexes opened lower after the euro zone stress overwhelmed bonds and equities markets. Italian yields rose and the euro declined. Adobe Systems dropped 10% after it announced a restructuring. Blue Nile plunged 30% on weak margins and lower earning. Weight Watchers declined 8%.