- Bikram Pandey
- 17 Dec, 2012
- New York City
Stocks on Wall Street gained on the progress in budget negotiations however lawmakers cautioned that a deal may be sealed next month. Commodities gained and the dollar eased. Liberal Democratic Party returned to power after five years lifting hopes for policy actions.
- Arthi Gupta
- 17 Dec, 2012
- New York City
The UK indexes dropped after home prices fell in December. BP plc agreed to sell its interest in the Sean gas field to SSE for $288 million. AVEVA acquired Global Majic
- Nigel Thomas
- 17 Dec, 2012
- New York City
The opposition Liberal Democratic Party was voted with super majority in a general election in Japan. Nikkei index gained 0.9% and reached a new 8-month high and electric utilities surged. Tepco soared 33%. The yen declined to 20-month low.
- Mukesh Buch
- 17 Dec, 2012
- New York City
AIG offers to sell $6.5 Billion of AIA shares. Cisco completed acquisition of privately held Cariden Technologies for $141 million. Sprint Nextel wins bid for Clearwire at $2.97 per share. Laclede Group agreed to buy two utilities from Southern Union valued $1.03 billion.
- Arthi Gupta
- 17 Dec, 2012
- New York City
The U.S. indexes gained on renewed optimism on fiscal cliff talks. Sun Life Financial agreed to sell its U.S. annuity business for $1.35 billion. Laclede agreed to acquire two Southern Union utilities in $1.035 billion deal.
- Marcus Jacob
- 17 Dec, 2012
- New York City
Australian stocks traded mixed and the benchmark index declined on a weakness in bank stocks. Uranium mining linked stocks traded higher after the opposition party was returned to power in Japan that favors restarting of nuclear power plants.
- Arthi Gupta
- 17 Dec, 2012
- New York City
The European indexes edged lower on disappointing economic data. GDF Suez agreed to sell 60% equity interest in its Canadian renewable generation portfolio for
- Arthi Gupta
- 17 Dec, 2012
- New York City
German manufacturing employment rose, French economic activity declined and Italian trade surplus rebounded in October. Euro zone swung to a trade surplus in October.
- Arthi Gupta
- 17 Dec, 2012
- New York City
Zurich Insurance estimated aggregate claims net of reinsurance of about $700 million relating to storm Sandy. H & M November group total sales increased 7%. Linde agreed to acquire Calea France.
- Bikram Pandey
- 14 Dec, 2012
- New York City
U.S. stocks drifted directionless as lawmakers fail to find a common ground to avoid automatic spending cuts and tax increase set to kick in two weeks. Apple Inc declined 3% and extended losses to 40% from the peak in September as China debut of iPhone 5 failed to impress analysts.
- Nigel Thomas
- 14 Dec, 2012
- New York City
Stocks in Japan traded near the recent highs and the yen dropped to a 9-month low. Markets have rallied in the last three weeks on the hopes that the main opposition party is likely to win the next general election on Sunday.
- Marcus Jacob
- 14 Dec, 2012
- New York City
Australian stocks and dollar held ground and a private survey in China showed an improving business climate. APN News Media plunged after it issued profit warning. Caltex Australia estimated to rebound to profit in the current year. IAG plans to take $240 million charge on the sale of a UK unit.
- Mukesh Buch
- 14 Dec, 2012
- New York City
Adobe fourth quarter net surged 28% to $222.3 million as cloud revenue jumped. Nordson fourth quarter net climbed 24% and lifted sales outlook. Quiksilver fourth quarter net tumbled 94% and VeriFone net plunged 86%.
- Arthi Gupta
- 14 Dec, 2012
- New York City
The U.S. indexes traded higher and a survey of businesses in China indicated economic recovery but the euro zone growth rates are still shrinking. Discovery agreed to acquire SBS Nordic operations for $1.7 billion and PPG to buy the North American coatings business of AkzoNobel for $1 billion.
- Arthi Gupta
- 14 Dec, 2012
- New York City
The euro zone private sector contraction eased in December. French ratings were affirmed but the UK ratings downgraded to negative. New car registration in the EU slumped in November.