- Arthi Gupta
- 14 Dec, 2012
- New York City
UBS faces a fine of $1 billion in the Libor probe. ABB plans to restructure its power systems division to seek higher returns. G4S agreed to buy South Africa-based Deposita for
- Bikram Pandey
- 13 Dec, 2012
- New York City
Stocks on Wall Street turned lower after budget negotiations took a divisive turn and lawmakers struggled to find a compromise. UBS AG is said to face a fine of $1 billion in the Libor probe, the largest so far, as sixteen banks face investigations.
- Nigel Thomas
- 13 Dec, 2012
- New York City
Stocks in Tokyo surged and the benchmark Nikkei soared 1.7% to a new 8-month high ahead of general election on Sunday. Defense stocks gained for the second day in row as tensions escalated in disputed territories with China.
- Arthi Gupta
- 13 Dec, 2012
- New York City
The U.S. indexes traded sideways after jobless claims declined 29,000 to 343,000, retail sales rose, and producer prices fell in November. Sprint Nextel bids for Clearwire shares that it does not own for $2.1 billion.
- Marcus Jacob
- 13 Dec, 2012
- New York City
Australian markets halted a four-day rally and resource stocks advanced. GrainCorp rejected sweetened takeover offer of $2.8 billion from Archer Daniels Midland. Tourism Australia and Virgin Australia extended their partnership to $12 million over three years.
- Mukesh Buch
- 13 Dec, 2012
- New York City
Argan second quarter net soared nearly three-fold and CVS Caremark reaffirmed fiscal 2013 outlook. Ciena fourth quarter net loss widened to $39 million. Pier 1 Imports third quarter net advanced 4%.
- Arthi Gupta
- 13 Dec, 2012
- New York City
Euro zone ministers approved long sought banking union in the region. The Eurogroup formally approved the second disbursement of
- Arthi Gupta
- 13 Dec, 2012
- New York City
Renault sells remaining 6.5% stake in Volvo for SEK 12.78 billion. Aurubis quarterly net slumped 35%. Dexia agreed to sell its asset management business to GCS Capital for
- Bikram Pandey
- 12 Dec, 2012
- New York City
Fed in its latest action to buy more Treasury bonds next year followed up on its earlier promise to support the economy and shift attention to lowering unemployment. However, Fed also said it cannot counter entirely the effects of fiscal cliff if lawmakers fail to negotiate a budget agreement.
- Mukesh Buch
- 12 Dec, 2012
- New York City
Costco first quarter net surged 30% to $416 million and Central Garden & pet net loss widened. Dolby declared one-time special dividend of $4 a share. Joy Global fourth quarter net climbed 23% to $212.6 million. TNS agreed to a leveraged buyout offer from Siris Capital Group for $862 million.
- Arthi Gupta
- 12 Dec, 2012
- New York City
The U.S. indexes climbed ahead of Fed announcement and import prices fell in November. Chesapeake agreed to sell remaining midstream assets to Access Midstream for $2.16 billion. Costco quarterly net surged 30%.
- Arthi Gupta
- 12 Dec, 2012
- New York City
European ministers are expected advance banking union negotiations today. Greece plans to buyback
- Arthi Gupta
- 12 Dec, 2012
- New York City
Fraport said passenger traffic fell 2.7% in November. BHP agreed to sell its stake in the Browse gas project to PetroChina for $1.63 billion. Peugeot planned to slash 1,500 jobs by 2014. Inditex nine months net sales rose 17% to
- Nigel Thomas
- 12 Dec, 2012
- New York City
Stocks in Tokyo held gains after North Korea successfully launched long-range rocket in defiance of international sanction. Defense contractors gained. The yen edged lower and resource sector stocks advanced after iron ore price rose.
- Marcus Jacob
- 12 Dec, 2012
- New York City
Australian indexes extended gains for the second day on the rising iron ore prices and improving international economic sentiment. The latest German business confidence improvement added to positive momentum after China reported a rise in retail sales and industrial production.