Caterpillar, Ford, Starbucks Net Rise; Chevron, P&G Net Fall
American Electric Power fourth quarter net soared to $308 million. Altria Group fourth quarter net increased 9% to $836 million. Honeywell fourth quarter net loss swung to $310 million. NextEra fourth quarter soared to $395 million. Starbucks first qua...
FTSE Falls 1.1%; Irish Retail Sales Improves
The UK indexes gained and investors focused on the Greek debt restructuring outcome. Irish retail sales improved in December. BP plc ordered to bear all costs related to the oil spill in the Gulf of Mexico in 2010.
U.S. Recovery Gathers Momentum
The U.S. economy gathered steam and expanded at 2.8% annual rate in fourth quarter after growing at 1.8% in the third. Eastman Chemical agreed to acquire Solutia for $4.7 billion. Ford quarterly net soared and reported annual profit for third year in a...
Italy Sells €11 Billion Debt; Transocean Surges 7%
European markets traded sideways and Italy sold €11 billion in bills today. Spanish jobless rate rose to 22.9% in the fourth quarter and Greek negotiations founder. AEGON entered into €2 billion syndicated credit facility.
Euro Area M3 Growth Eases; Spanish Jobless Rate at 23%
Euro area money supply growth slowed, German import price inflation eased, and Swedish retail sales rose in December. Spanish jobless rate rose to 22.9% in the fourth quarter. Swiss leading index fell in January.
Australian Indexes Extend Gains for the Fourth Week
Australian stocks extended gains for the second day and resource stocks and banks led the advance. Woodside Petroleum said it is looking to sell a stake in its Western Australia based natural gas basin.
Weak Home Sales Drag U.S. Indexes Lower
U.S. stocks declined after new home sales fell unexpectedly in December and dropped 6.2% to a record low in 2011. However, durable goods orders and weekly jobless claims rose. AT&T sold 9.4 million smartphones in the quarter and took $4 billion charge ...
U.S. Movers: AT&T, Caterpillar, Carbo Ceramics, Netflix, SanDisk
Netflix soared after it stemmed subscriber loss and will delay more expansion. SanDisk Corp dropped 10% after it estimated lower than expected sales in the current year. Arctic Cat gained on stronger sales. AT&T swung to a loss on one-time charge linke...
UK Indexes Gain 0.9%; Retail Sales Drop
The UK indexes advanced and retail sales fell sharply in January. Irish wholesale inflation increased in December and Anglo American reported fourth quarter iron ore output rose.
U.S. Jobless Claims, Durable Orders Rise; Amgen in $1.2 B Deal with Micromet
The U.S. indexes edged higher after weekly jobless claims and durable goods orders rose, new home sales declined and leading economic index improved. Amgen agreed to acquire Micromet for $1.16 billion.
Italy Raises €5 B in Auction; Nokia Swings to Loss
European markets rallied after Italy raised €5 billion from an auction of short-term debt as borrowing costs fell. European leaders struggle to decide the size of the rescue fund. Nokia swung to loss on lower revenues.
Nikkei Edges Lower; Fanuc Net Rises 22%, Tepco in Bailout Talks
Stocks in Japan traded lower as commodities gained in Asian markets trading. Tepco surged on the expectations that the company will accept 1 trillion yen bailout in exchange of two thirds stake. Fanuc said nine-month earnings increased 22% and sales ro...
