Luxury U.S. homebuilder Toll Brothers Inc reported a wider-than-expected quarterly loss on Thursday as revenue slumped and it wrote down the value of its land holdings, sending its shares down 7.5 percent.
U.S. stocks fell on Thursday after data showed the vast U.S. services sector unexpectedly shrank in November and investors worried that Friday's non-farm payrolls report may show the recovery is sluggish.
An index of the U.S. services sector shrank in November to its lowest since July, according to a report released on Thursday that shocked economists who had forecast a recovery from recession was picking up steam.
U.S. mortgage rates dropped to a record low in the latest week, as rates fell for a fifth straight week, a closely watched mortgage survey showed Thursday.
The U.S. services sector contracted in November, with an index measuring activity falling to its lowest reading since July, according to a report released on Thursday that was a shock to economists forecasting the economic recovery was gathering pace.
New applications for U.S. jobless benefits unexpectedly fell last week to the lowest level in more than 14 months, suggesting a labor market edging toward stability, while productivity was less robust in the third quarter.
The number of U.S. workers filing new applications for jobless insurance unexpectedly fell last week to the lowest level in more than 14 months, government data showed on Thursday, pointing to a moderation in the pace of job losses.
Australian fertiliser firm and takeover target Nufarm Ltd expects its first-half earnings to be lower than the previous corresponding period, the company told its shareholders meeting on Thursday.
Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt and despite reassurances on economic resilience from the rulers of Abu Dhabi and Dubai.
Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt and despite reassurances on economic resilience from the rulers of Abu Dhabi and Dubai.
Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt, while the rulers of Abu Dhabi and Dubai talked up their economic strength
OmniVision Technologies Inc, which makes semiconductor image sensor devices, posted better-than-expected second-quarter results but forecast a weak third quarter, sending its shares down 10 percent in extended trade.
Shares of AIG fell 12 percent on Monday after an analyst raised concerns about a possible deficiency in the company's non-life insurance reserves.
European shares dipped by midsession on Friday as concerns about debt problems in Dubai rippled through the market, with banking and oil stocks among the worst performers.
During the global financial crisis workers who stayed in their jobs did not reduce their working hours, despite widespread government and commentator claims that cuts in hours had helped stem job losses during the downturn, new University of Sydney research shows.
Barnes & Noble Inc cut its full-year forecast on expectations of a tough holiday season and high costs for its Nook electronic reader, while rival Borders Group Inc posted a wider-than-expected loss. Shares of both booksellers fell sharply.
The Afghan government would quickly be overthrown if NATO troops pulled out of the country now, British Foreign Secretary David Miliband said Friday.
The number of mass layoffs reported by U.S. employers fell last month from September, a government report showed on Friday, suggesting job losses were close to bottoming.
Dell Inc posted quarterly revenue that fell a steeper-than-expected 15 percent, sending shares of the No. 3 maker of personal computers down more than 7 percent after hours.
Chip stocks fell on Thursday after Bank of America Merrill Lynch downgraded the sector on a possible inventory correction, although two of Europe's top chipmakers were upbeat about recovery prospects.
Semiconductor stocks fell sharply after BofA Merrill Lynch turned bearish on the industry and downgraded several chipmakers, including Intel Corp , citing a modest rise in inventories.
Medical device maker China Medical Technologies Inc posted a quarterly loss, hurt by lower revenue from its immunodiagnostic segment, knocking its shares down 19 percent.
