Feb 28, 2013 11:45 AM ET
Stocks in early trading searched for direction after economic growth was revised to 0.1% increase. Consumer spending increased as 2.1% annual rate and residential construction growth was revised to 17.5%. Weekly jobless claims declined. Lawmakers struggle to avoid $85 billion cuts in spending.
Feb 28, 2013 11:12 AM ET
Stocks in Japan closed higher after global market worries eased. The yen held above 92 ahead of central bank chief appointment tomorrow. Industrial production increased 1% in January from December.
Feb 28, 2013 10:36 AM ET
Ansys fourth quarter net soared 18% and Chicoís net climbed 30%. Net losses at Groupon and J. C. Penney widened. Kohlís net declined 17% and Limited Brands net jumped 14%. Sears net loss narrowed to $489 million.
Feb 28, 2013 10:00 AM ET
Australian stocks closed at a new 4-year high and gained more than 4% in the month. Private sector capital spending declined 1.2% in the December quarter and was estimated at $152 billion in the fiscal year. New home sales increased 4.2% in January.
Feb 28, 2013 9:13 AM ET
Bayer said fiscal year net was flat. Bankia recorded net loss of Ä19.06 billion. Deutsche Telekom fiscal net swung to Ä5.26 billion loss and quarterly net swung to Ä793 million profit. Royal Bank of Scotland fiscal loss widened to £5.97 billion.
Feb 28, 2013 9:08 AM ET
U.S. based private equity fund sold $90 million stake in Apollo Hospital. HDFC raised $500 million in foreign currency bonds. Jet Airways sold three Heathrow airport gates for $70 million. Suzlon tumbled 34%.
Feb 27, 2013 1:41 PM ET
European markers sharply rebounded after Italy managed to place debt at a slightly higher yield. Market indexes in Paris rebounded 1.9% and in Milan jumped nearly 2%. Italian bond yields closed at 4.83%, a four-month high.
Feb 27, 2013 1:14 PM ET
U.S. stocks extended gains for the second day in a row after core durable goods orders indicated improving economy. Market indexes also advanced after Italian treasury sold debt meeting its maximum sale target.
Feb 27, 2013 12:37 PM ET
Nikkei indexes declined for the second day in a row and extended losses to 4% and pared the yearly gain to 8.8%. The yen was in focus ahead of the central bank chief nomination.
Feb 27, 2013 10:47 PM ET
CenterPoint Energy fourth quarter net surged 15% and Dollar Tree net soared 54%. priceline.com net climbed 28% and Target net slid 2%. TJX net slipped 5% and AES net dropped 27%.