- 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.
- 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.