- Marcus Jacob
- 21 Dec, 2012
- New York City
Australian market indexes traded lower after Asian market sold off and commodities prices trended lower after U.S. lawmakers failed to resolve differences. Origin Energy agreed to sell its stake in a oil and condensate project for $287 million. Fairfax agreed to acquire tech investment firm.
- Arthi Gupta
- 21 Dec, 2012
- New York City
The UK indexes fell after gross domestic product increased but current account deficit narrowed in the third quarter. UK consumer confidence declined in December. Aviva agreed to sell Aviva USA to Athene for $1.8 billion.
- Mukesh Buch
- 21 Dec, 2012
- New York City
Bed Bath third quarter net slipped 2% and ConAgra second quarter net surged 17%. Nike second quarter net declined 18% to $384 million. Rite Aid third quarter net swung to profit and Walgreen first quarter net declined 25%.
- Arthi Gupta
- 21 Dec, 2012
- New York City
U.S. manufactured durable goods orders, personal income and spending rose more than anticipated in November. Pinnacle Entertainment agreed to acquire Ameristar for $2.8 billion. Mohawk is acquiring Marazzi for $1.5 billion in cash and equity.
- Arthi Gupta
- 21 Dec, 2012
- New York City
The European indexes declined. General Electric agreed to buy the aviation business of Italy-based Avio for $4.3 billion. ING agreed to sell Malaysian investment management business to Kenanga.
- Arthi Gupta
- 21 Dec, 2012
- New York City
The euro zone economy expanded in November. German consumer sentiment is set to decline in January. Italian consumer confidence and French business confidence improved in December.
- Arthi Gupta
- 21 Dec, 2012
- New York City
Carnival fourth quarter earnings slumped 57%. Technip won $1.25 billion offshore contract in Norway. Kl
- Bikram Pandey
- 20 Dec, 2012
- New York City
Stocks seesawed after lawmakers sparred but House Speaker Boehner sounded optimistic. Only 12-years old IntercontinentalExchange Group agreed to acquire NYSE Euronext Group for $8.2 billion and solidify its leadership in derivatives market and extend reach in Europe and challenge CME Group.
- Nigel Thomas
- 20 Dec, 2012
- New York City
Investors turned cautious and sold stocks and Bank of Japan expanded its asset purchase program but left it inflation target at 1%. The latest central bank action was widely anticipated.
- Arthi Gupta
- 20 Dec, 2012
- New York City
The UK indexes edged modestly higher after retail sales remained flat in November. Weir Group agreed to acquire engineering company Mathena. Accenture quarterly revenues rose 2% to $7.22 billion. HSBC subsidiary agreed to sell its entire 18% stake in Bao Viet for $340 million.
- Arthi Gupta
- 20 Dec, 2012
- New York City
U.S. jobless claims rose and the economy expanded at a faster rate in the third quarter than previously estimated. ARRIS agreed to buy Motorola Home business for $2.35 billion. Knight Capital agreed to be acquired by Getco for $1.4 billion.
- Marcus Jacob
- 20 Dec, 2012
- New York City
The benchmark index in Sydney closed higher and extended gains in the year above 12%. Qantas won a preliminary approval for its cooperation with Emirates for sharing passenger and freight transportation across their networks that could save $150 million a year.
- Arthi Gupta
- 20 Dec, 2012
- New York City
The European Commission approved restructuring plans of four Spanish banks. BNP plans to sell its entire 95% stake in BNP Paribas Egypt S.A.E. to Emirates NBD for $500 million.
- Arthi Gupta
- 20 Dec, 2012
- New York City
German producer prices eased to a four-month low in November. Swiss jobless rate rose in the third quarter. Italian retail sales fell in October.
- Arthi Gupta
- 20 Dec, 2012
- New York City
Aegon formed strategic partnership with Banco Santander. UBS to face Hong Kong rate manipulation probe. TeliaSonera agreed to divest NextGenTel to Telio for NOK 601 million.