- Arthi Gupta
- 21 May, 2012
- New York City
U.S. indexes gained on the merger announcements. Alibaba agreed to repurchase partial Yahoo! stake for $7.1 billion. DaVita agreed to acquire HealthCare Partners for $4.42 billion. China-based Wanda agreed to buy AMC Entertainment for $2.6 billion and Eaton Corp agreed to buy Cooper Industries.
- Nigel Thomas
- 21 May, 2012
- New York City
Stocks in Tokyo rebounded after a steep loss on Friday and seven consecutive weeks of losses in the benchmark Nikkei index. Fanuc gained after the company plans to expand production capacity of robotics machinery.
- Marcus Jacob
- 21 May, 2012
- New York City
Australian stocks rebounded and closed higher after G8 leaders urged Greece to stay in the currency union and honor its financial commitment. James Hardie returned to profitability on one-time tax gain. Resource stocks closed higher.
- Arthi Gupta
- 21 May, 2012
- New York City
The European indexes gained after G8 leaders reiterated their support for Greece. Euro area construction output rebounded in March and home prices in the UK rose in April. Ryanair slumped 4% on weak fiscal year outlook. Kabel Deutschland agreed to buyTele Columbus for
- Bikram Pandey
- 18 May, 2012
- New York City
The U.S. indexes extended losses and closed lower and for the week, the S&P 500 index dropped 4.1% and the Nasdaq tumbled 5%. Facebook on the first day of trading needed underwriter support to prevent the stock falling below its offer price. World markets extend losses for the fourth week.
- Mukesh Buch
- 18 May, 2012
- New York City
Ann first quarter net rose 5% and lifted second quarter outlook. Donaldson third quarter increased 15% to $70.9 million. Foot Locker first quarter net surged 36% to $128 million. Salesforce.com first quarter net swung to $19.5 million loss. The Gap first quarter net was flat at $233 million.
- Arthi Gupta
- 18 May, 2012
- New York City
U.S. indexes climbed in early trading ahead of Facebook debut and traders focus on the meeting of the Group of Eight leading nations that begins today. The euro edged lower and commodities traded volatile.
- Nigel Thomas
- 18 May, 2012
- New York City
Stocks in Japan declined sharply after global economic growth worries mounted and the euro zone uncertainties rose as Spanish banks face another round of capitalization. Exporters declined and the euro dropped to a three month low. For the week the Nikkei index dropped 3.8%.
- Marcus Jacob
- 18 May, 2012
- New York City
Australian stocks traded lower and the benchmark index closed down 2.7% on Friday and plunged 5.6% in the week. The weekly loss was the worst in the last eight months. The Australian dollar traded near the low of the year.
- Arthi Gupta
- 18 May, 2012
- New York City
The European indexes extended losses for the fourth week and politicians across the region express confidence in the euro even after Greek exit. ArcelorMittal agreed to sell its steel distribution business to Nucor for $605 million. DSM agreed to acquire Ocean Nutrition Canada for C$540 million.
- Bikram Pandey
- 17 May, 2012
- New York City
Stocks in New York trading declined and S&P 500 index extended losses for the fifth day in a row. The euro zone turmoil and the growing contagion risk in the region dragged markets on both sides of the Atlantic. Facebook is expected to price its public offering at $38 a share and raise $16 billion.
- Mukesh Buch
- 17 May, 2012
- New York City
Dollar Tree first quarter net increased 15% to $116 million. Sears first quarter net swung to $189 million profit and plan for a partial spin-off. Ross Stores first quarter net soared 21% to $208.6 million and Wal-Mart increased 10% to $3.74 billion.
- Arthi Gupta
- 17 May, 2012
- New York City
U.S. indexes traded lower tracking the European markets. U.S. weekly jobless claims were nearly unchanged at 370,000 and foreclosure activity fell in April. Agilent agreed to acquire Denmark-based Dako for $2.2 billion and Boyd Gaming agreed to buy Peninsula Gaming for $1.45 billion.
- Marcus Jacob
- 17 May, 2012
- New York City
Stocks in Tokyo rebounded in choppy trading after GDP in the last fiscal quarter to March increased 4.1% from a year ago. The GDP declined 0.01% in the year after exports plunged on supply chain disruptions. Toshiba said it will stop making television sets in Japan as the unit declares a loss.
- Mukesh Buch
- 17 May, 2012
- New York City
Australian stocks made a feeble attempt to rebound as mining and banking stocks traded volatile. BHP walked out of a mining venture in north Queensland and said the project is unviable. Coalworks asked shareholders to reject a takeover bid.