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Wayne Ellis

Home Depot Beats Q3 Estimates

The world’s largest home improvement chain, Home Depot (HD), reported net earnings for Q3 of $1.4 billion, or 95 cents a share, up from $947 million, or 63 cents a share, a year earlier.

U.S., E.U. and Chinese flags overlapping

European Stocks Slip Back after Five-Year High

Mixed economic signals worldwide brought European stocks down from a five-year high yesterday. While German investor sentiment rose for the fourth straight quarter, the positive news was offset by Market News International’s report that China will adopt a market-based floating exchange rate.

Japanese Exports Reveal Economy Struggling for Growth

Just days after Japan revealed its economic expansion in October was less than 50 percent of September’s rate, the country reported its exports rose at the fastest pace in three years.

Moody’s Cuts Rating on Four Banking Behemoths

After a four-month study involving eight of the biggest names in global finance, Moody’s Investors Service has cut the credit ratings of four holding companies for the biggest banks in the United States.

European Banks to Return $4.8 Billion Early

Banks across Europe that had to borrow money from the European Central Bank (ECB) to stay afloat during the last few years will be paying back $4.8 billion of those loans next week — earlier than expected.