- Nichole Harper
- 27 Dec, 2012
- New York City
Stocks on Wall Street fell after Senate Majority Leader Harry Reid said budget deal before year-end is unlikely. Marvell Technology plunged after it lost a patent case with $1.17 billion penalty. Confidence index in December fell to the lowest level since August on Washington gridlock.
- Lyubov Smirnova
- 27 Dec, 2012
- New York City
Thomas Cook extends gains on better than expected 2012 revenues. Resource stocks gained in London trading after metals prices trade higher. Bankia plunged 19% after parent company was estimated with negative book value.
- Barry Randall
- 27 Dec, 2012
- New York City
European markets traded higher and DAX index in Germany is set to lead the regional advance with a surge of 30%. BMW is expected to exceed 2011 profit and Audi unit of Volkswagen plans to spend
- Nigel Thomas
- 27 Dec, 2012
- New York City
The Nikkei index extended gains as the yen dropped to a new 2-year low and the newly elected government prepares for aggressive stimulus. The Nikkei surpassed the high on the day before the 2011 earthquake and extended six week rally to 16% and the gains in the year to 22.2%.
- Marcus Jacob
- 27 Dec, 2012
- New York City
Australian stocks gained for the second day in a row as retailers and resource sector stocks led the advance. Fortescue Metals jumped 4% after the company announced a plan to resume Kings deposit expansion in January.
- Mukesh Buch
- 27 Dec, 2012
- New York City
Diodes agreed to buy BCD Semiconductor for $151 million in cash. Matson agreed to acquire assets of Reef Shipping. Opko Health agreed to acquire Sao Paulo based Silcon Com
- Nigel Thomas
- 26 Dec, 2012
- New York City
The yen dropped to a 20-month low and Shinzo Abe took the office of prime minister. Abe promised bold actions and demanded more actions from Bank of Japan. The yen dropped to a low last seen in 2011.
- Mukesh Buch
- 26 Dec, 2012
- New York City
Covidien agreed to acquire CV Ingenuity. Chevron buys 50% stake in Kitimat LNG project. Rosneft signed loan agreements for stake in Russian oil firm TNK-BP. WellPoint completed acquisition of Amerigroup.
- Arthi Gupta
- 26 Dec, 2012
- New York City
U.S. indexes traded higher and the yen dropped to a 20-month low. Holiday sales period increase slowed to 0.7% on Washington gridlock. Covidien agreed to acquire CV Ingenuity. Toyota estimated 2013 worldwide sales to increase 2%.
- Marcus Jacob
- 24 Dec, 2012
- New York City
Australian stocks gained in light trading led by the advance in resource and financial sector stocks. Billabong gained after the company opened books former board member Paul Naude for due diligence.
- Arthi Gupta
- 24 Dec, 2012
- New York City
The UK indexes gained after home prices and household finance index fell in December. Smith & Nephew completed acquisition of Healthpoint Biotherapeutics. BP plc won a $7.8 billion settlement with the Gulf of Mexico oil spill victims.
- Mukesh Buch
- 24 Dec, 2012
- New York City
Expedia agreed to acquire 62% equity in Germany based Trivago. Smith & Nephew agreed to buy Healthpoint Biotherapeutics for $782 million in cash. Disney acquired Lucasfilm valued $4.06 billion in cash and stock.
- Arthi Gupta
- 24 Dec, 2012
- New York City
U.S. indexes fell on fiscal cliff concerns. United Technologies agreed to divest its UTC Power fuel cells unit to ClearEdge. Walt Disney completed its acquisition of Lucasfilm.
- Arthi Gupta
- 24 Dec, 2012
- New York City
The European indexes declined in thin trading volume. KBC decided to sell its Russian banking subsidiary, Absolut Bank for
- Nigel Thomas
- 21 Dec, 2012
- New York City
The Nikkei index declined 1% after Asian markets sold off on the worries that U.S. lawmakers may not be able avoid differences and jeopardize anemic growth rate. The yen declined and resource sector stocks led the decliners.