ECONOMY & MARKETS

Japan's Toyota Motor Corp President Akio Toyoda speaks during a joint news conference with Salesforce.com Chief Executive Officer Marc Benioff in Tokyo May 23, 2011.

Toyota Quarterly Earnings Up 500%, Shares Soar Despite Hard Fiscal 2012

Toyota Motor Corporation (NYSE: TM) reported a 30 percent drop in income for its fiscal year ended March 31, but the company is nevertheless making headway down the road to recovery from last year's earthquake in Japan and floods in Thailand as income for January-March 2012 increased by a factor of five.
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Coal

For Small Businesses, Now Is The Time For Coal

As a small business owner, I know the importance of understanding and relating to customers. My business, which ships specialty sauces, salsa and soups around the country, is all about knowing what my customers like.
US Stock Market

Euro Zone Uncertainties Sink In: Daily Markets Wrap

Post-election uncertainty in Greece pushed investors away from stocks and commodities, lowering German and U.S. bond yields and eroding the euro's value as investors sought the dollar. France's benchmark CAC 40 Index erased its Monday gains, which had confounded investors. The reality sank in a day late as euro zone uncertainties that popped up over the weekend took root. Greek stocks have lost 10 percent of their value so far this week.
Euro Zone

German Industrial Output Surges In March

Industrial output in Germany shot up far more than expected in March, following February's weather-related weakness, renewing hopes that Europe's biggest economy may have avoided recession.
NYSE

Western Markets Shake Off Euro Election Jitters: Daily Markets Wrap.

Western markets rallied Monday to make up for jitters about French and Greek election results that sent them down earlier. The rebound was possibly due to investors looking for bargains after stocks were dumped Friday after the disappointing U.S. nonfarm payrolls report.
Holey Optochip

Semiconductor Industry Lauds Congressional Boost For R&D Funds

The Semiconductor Industry Association, which represents the top U.S. chipmakers, lauded bipartisan approval in the U.S. Congress to boost funding for both the National Science Foundation (NSF) and the National Institute of Standards and Technology (NIST).
A bus and taxi pass Big Ben on Westminster Bridge in London

3i In Talks To Sell Enterprise Unit to Ferrovial

3i Group plc (London: III) the largest listed UK private equity company, is in talks with Spain's Ferrovial to sell its Enterprise maintenance and cleaning company, the Financial Times reported.
Afton-Ajax Copper and Gold Mine

Global Mining Headed for a Slowdown: Citi

Analysts at Citigroup are slashing their estimates regarding just how much mining companies globally will spend this year, suggesting the industry is headed for a substantial slowdown, the Financial Times is reporting.
Spain

Spain Industrial Output Falls 7.5% In March

Spain, the euro zone's fourth-largest economy, said Monday industrial output decrease by 7.5 percent in March compared to the prior year, following sharp unemployment and shrinking gross domestic product, according to official data.
Volkswagen, German factory orders

March German Factory Orders Up, Led By Demand Outside of Euro Zone

Germany's Economics and Technology Ministry reported Monday factory orders rose in March, spurred primarily by businesses looking away from the euro zone and to the United States and emerging markets. Orders rose 2.2 percent from February, spurred by a 4.8 percent growth in export orders from outside the currency zone.
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Pre-Market Movers (GTSI, TTM, FTR, YHOO, NBG, CTSH, AIG, SCMF, HUN, GNW)

The companies whose shares are moving in pre-market trade Monday are: GTSI Corp, Tata Motors, Frontier Communications, Yahoo, National Bank of Greece, Cognizant Technology Solutions, American International Group, Southern Community Financial, Huntsman Corp. and Genworth Financial Corp.
Oil

Oil Prices Fall After French, Greek Elections

Oil prices fell Monday to add to the sharp decline in the previous session as French and Greek election results raised doubts about those countries' commitment to the austerity measures to sort out Eurozone debt crisis.
Trader

Oil, Stocks, Yields Tumble: Daily Markets Wrap

Disappointing jobs growth in the U.S., together with shrinking manufacturing and services activity in the euro zone, had equities and commodities in retreat and bond yields down. News this weekend isn't likely to calm jitters, with elections in both Greece and France, which may get its first new socialist president since 1981.

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