- Bikram Pandey
- 19 Dec, 2012
- New York City
Market indexes in New York traded lower after protracted budget negotiations took a negative turn. General Motors soared 6% after it plans to repurchase 200 million shares from the U.S. government. Housing starts declined in November. Nikkei index in Tokyo surged 2.4%.
- Arthi Gupta
- 19 Dec, 2012
- New York City
The UK indexes extended global markets gains. BP plc agreed to sell its interest in the Yacheng gas field for $308 million. Balfour Beatty was awarded two major National Grid gas contracts valued at
- Mukesh Buch
- 19 Dec, 2012
- New York City
Actuant first quarter net slipped 2% and FedEx second quarter net dropped 12% and reaffirmed fiscal outlook. General Mills second quarter net climbed 22% and lifted guidance. Navistar Intl. said fourth quarter net loss of $2.77 billion. Oracle second quarter net soared 18%.
- Arthi Gupta
- 19 Dec, 2012
- New York City
Housing starts fell in November but new building permits and indication of future construction rose. Markel agreed to acquire Alterra for $3.13 billion. Oracle profit rose 18% but FedEx earnings declined 12% in the second quarter.
- Nigel Thomas
- 19 Dec, 2012
- New York City
The Nikkei index soared 2.4% and crossed 10,000 on the expectations of stimulus budget of as much as $110 billion and the Bank of Japan starts a two-day meeting under an intense political pressure to purse easier monetary policy.
- Arthi Gupta
- 19 Dec, 2012
- New York City
The European indexes gained after a rating agency upgraded Greek credit. UBS estimates loss in the fourth quarter on litigation and regulatory charges.
- Marcus Jacob
- 19 Dec, 2012
- New York City
Australian benchmark index closed higher on the rising international markets and improving economic outlook in the euro zone and positive undertone in the U.S. budget negotiations. Resource sector stocks gained after iron prices improved to a 3-month high.
- Arthi Gupta
- 19 Dec, 2012
- New York City
Euro area construction output declined in October. German business confidence improved more than anticipated in December. The Dutch economy is set to contract this and next year.
- Arthi Gupta
- 19 Dec, 2012
- New York City
DSM completed its acquisition of Fortitech for
- Mukesh Buch
- 18 Dec, 2012
- New York City
Diamond Foods first quarter net swung to loss as sales declined and FactSet Research first quarter net jumped 9% to $49.8 million and Jefferies Group fourth quarter net surged 48% to $71.6 million. Sanderson Farms fourth quarter net swung to profit.
- Arthi Gupta
- 18 Dec, 2012
- New York City
The UK annual inflation remained unchanged at 2.7% in November and home prices increased in October. Irish economy expanded in the third quarter. Rolls-Royce won a $1 billion contract from Japan-based Skymark Airlines.
- Arthi Gupta
- 18 Dec, 2012
- New York City
U.S. current-account deficit narrowed in the third quarter. ConocoPhillips agreed to sell its Algerian business unit for $1.75 billion. Coca-Cola Enterprises affirmed full-year earnings guidance.
- Arthi Gupta
- 18 Dec, 2012
- New York City
The European indexes gained on positive developments in fiscal cliff talks. Spain raised
- Arthi Gupta
- 18 Dec, 2012
- New York City
Spanish banks'' bad loans ratio reached record levels and Italian current account deficit narrowed in October. Swedish central bank cut its key interest rate by 25 basis points.
- Arthi Gupta
- 18 Dec, 2012
- New York City
Allianz agreed to pay more than $12.3 million to settle SEC charges. Gerresheimer acquires Indian pharma plastic packaging manufacturer Triveni. Petrofac expects to deliver net profit growth of at least 15% in 2012.