US stocks close higher on positive economic data

Source: Marketwatch
US equity markets opened lower in the Thursday morning but recovered and finished up as the number of unemployment claims was unchanged last week and data showed US home prices climbed in December. S&P 500 index gained 0.43% or 5.80 points and settled at 1,363.46, Dow Jones Industrial Average climbed 0.36% or 46.02 points and closed at 12,984.69 while Nasdaq Composite index added 0.81% or 23.81 points to 2,956.98.
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Fri, 24 Feb 2012 08:13:32 GMT

European shares fall as EC cuts growth projections

Most of European stock markets traded notably lower on Thursday after European Commission revised down its Euro Zone growth forecast for 2012 from 0.5% to 0.3%, indicating it predicts mild recession. Stoxx Europe 600 dropped 0.2% while German DAX fell 0.5%. French CAC traded flat but FTSE 100 index managed to end 0.4% higher supported by RBS earnings report. 

Fri, 24 Feb 2012 07:25:26 GMT

SAP AG to double its dividend

SAP AG, leading producer of business management software and applications announced it prepares to increase the amount of dividend by 83%, adding a special premium for 40th anniversary. If approved by supervisory board and shareholders the total payout amount would equal EUR 1.3 billion. In January SAP AG posted a 4th quarter profit and sales that outperformed analyst expectations and predicted positive outlook for 2012. 

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