- Mukesh Buch
- 27 Jun, 2012
- New York City
General Mills fourth quarter net was ahead of expectations but issues a weak 2013 outlook. Lennar soared after quarterly profit surged to $452.7 million. Monsanto third quarter net increased 1.6% to $937 million.
- Arthi Gupta
- 27 Jun, 2012
- New York City
U.S. indexes climbed after durable goods orders rose in May. Merger activity heat up for the second day and Loral agreed to sell Space Systems for $1 billion. Liberty Global and Searchlight agreed to buy OneLink for $585 million. SS&C Technologies acquired GlobeOp for
- Arthi Gupta
- 27 Jun, 2012
- New York City
Pressure on European leaders intensified as Spain slides closer to a bailout as the recession deepens and government faces unsustainable cost of debt refinancing. Italy sold
- Bikram Pandey
- 26 Jun, 2012
- New York City
U.S. indexes edged higher as European leaders prepare to deepen fiscal and banking union. U.S. consumer confidence dropped to a five-month low and home prices showed a slight improvement in a private but controversial survey. Italy was forced to an aid to a bank for the first time in two years.
- Mukesh Buch
- 26 Jun, 2012
- New York City
Apollo Group said quarterly net declined 37% and Coinstar cuts fiscal earnings outlook. LDK Solar swung to a quarterly loss. Coca-Cola plans to invest additional $3 billion in India by the end of the decade.
- Arthi Gupta
- 26 Jun, 2012
- New York City
The UK indexes gained after public sector net borrowing rose in May. Irish factor gate inflation eased to six-month low in May. BP agreed to sell its interests in the Alba and Britannia fields to Mitsui for $280 million.
- Arthi Gupta
- 26 Jun, 2012
- New York City
U.S. indexes rebounded ahead of the consumer confidence report. SBA Communications agreed to acquire tower sites from TowerCo for $1.45 billion and Coca-Cola committed additional $3 billion in India.
- Nigel Thomas
- 26 Jun, 2012
- New York City
Tokyo stocks declined for the third day in a row and lawmakers in the lower house approve the plan to double sales tax to 10% and the measure is expected to pass in the upper house. Nippon Electric Glass Co declined after it lowered its income outlook.
- Arthi Gupta
- 26 Jun, 2012
- New York City
The European indexes fell after 28 Spanish banks were downgraded. Spain raised
- Arthi Gupta
- 26 Jun, 2012
- New York City
German consumer confidence is likely to rise in July and confidence among French households remained unchanged in June. Swiss consumption index fell in May. The Dutch economy expanded in the first quarter and Italian retail sales fell more than estimated in April.
- Marcus Jacob
- 26 Jun, 2012
- New York City
Australian stocks extended losses for the fourth day in a row and resource sector stocks declined. News Corp is considering splitting its entertainment and news operations as the company struggles with multiple investigations.
- Bikram Pandey
- 25 Jun, 2012
- New York City
On Wall Street stocks declined after investors voiced skepticism about the upcoming meeting of European leaders. Crude oil and commodities extended losses. Microsoft agreed to acquire enterprise networking services provider Yammer for $1.2 billion.
- Mukesh Buch
- 25 Jun, 2012
- New York City
Fidelity National Financial agreed to acquire J. Alexander''''s for $72 million. Quest Software received proposal for $25.75a share. Linn Energy agreed to acquire properties valued $1.025 billion. Pioneer Drilling lowered second quarter outlook.
- Mukesh Buch
- 25 Jun, 2012
- New York City
New home sales increased more than expected in May as construction surged in the Northeast. Median home prices edged up and inventory of unsold homes held below five months.
- Arthi Gupta
- 25 Jun, 2012
- New York City
The UK indexes trended lower tracking the European markets and the UK household finance index rose in June. Shire plunged 13% after the FDA approved the abbreviated new drug applications for generic Adderall XR filed by Actavis.