- Arthi Gupta
- 23 Jul, 2012
- New York City
Wall Street extended global decline and dropped 2%. CNOOC agreed to acquire Canada-based Nexen for $15.1 billion. NRG and GenOn are in a $1.7 billion deal. Talisman Energy sells 49% equity interest in UK North Sea Assets. DigitalGlobe and GeoEye agreed to merge.
- Arthi Gupta
- 23 Jul, 2012
- New York City
Market indexes in Germany and France plunged more than 3% as Spanish yield soared to a new record. The indexes in Madrid plunged 3.8% and in Italy dropped 5%. Spain lowered economic outlook for next year. China-based Citic agreed to buy CLSA from Credit Agricole for $1.25 billion.
- Arthi Gupta
- 23 Jul, 2012
- New York City
The Spanish economy contracted for the third quarter in a row. Swiss broad money supply growth rose and Luxembourg''s unemployment rate remained unchanged in June. Danish consumer confidence strengthened in July.
- Bikram Pandey
- 20 Jul, 2012
- New York City
Wall Street losses accelerated after technology and financial sectors led the decliners. Euro zone worries contributed to weak earnings from financials. Commodities halted two week rally and the oil declined for the first time in nine days.
- Nigel Thomas
- 20 Jul, 2012
- New York City
Stocks in Tokyo dropped on Friday and the Nikkei index closed down 3.9% in the week. Insurance and financial services stocks declined after weak economic data from the U.S. Toshiba gained but Yamato Holdings declined.
- Mukesh Buch
- 20 Jul, 2012
- New York City
Baker Hughes second quarter net soared 17% to $439 million. Google second quarter net surged 17% to $2.79 billion. Novartis second quarter net flat to $2.73 billion. Travelers Companies second quarter net swung to $499 million profit.
- Mukesh Buch
- 20 Jul, 2012
- New York City
BB&T second quarter net surged 66%. eBay trimmed third quarter earnings guidance. General Electric second quarter net climbed 6.7% to $4 billion and Microsoft second quarter net swung to $492 million loss. Schlumberger second quarter net increased 4% to $1.40 billion.
- Arthi Gupta
- 20 Jul, 2012
- New York City
The UK indexes declined after public sector net borrowing rose in June. The home price sentiment index dropped in July. Vodafone declined 2.8% on weak first quarter revenues. London and Singapore exchanges are reported to have merger talks.
- Arthi Gupta
- 20 Jul, 2012
- New York City
U.S. indexes edged lower as euro zone worries mounted. eBay trimmed earnings outlook on $3 billion debt offering impact and Microsoft swung to quarterly loss on hefty goodwill impairment charges.
- Marcus Jacob
- 20 Jul, 2012
- New York City
Australian stocks closed lower today in choppy trading and resource stocks closed higher after oil increased for the eighth day in a row. For the week the ASX index increased 2.9%. Ten Network was halted ahead of the sale of its outdoor advertising unit.
- Arthi Gupta
- 20 Jul, 2012
- New York City
Haldex AB declined 7% after second quarter plunged 85%. Heineken N.V. increased 1% after it agreed to acquire its partner in Singapore based Pacific Breweries. Scania AB added 5% after quarterly net fell 40%, less than expected.
- Arthi Gupta
- 20 Jul, 2012
- New York City
The European indexes traded lower ahead of the euro area finance ministers conference call. Heineken offered to acquire Fraser & Neave
- Arthi Gupta
- 20 Jul, 2012
- New York City
German producer price inflation slowed and Danish retail sales decreased in June. The French leading economic index declined for a second straight month and Dutch consumer spending fell in May.
- Bikram Pandey
- 19 Jul, 2012
- New York City
U.S. indexes were flat after weak batch of economic data overshadowed generally positive earnings. Home sales fell in June and weekly unemployment claims rose. UK retail sales exceeded expectations and German lawmakers approved Spanish bailout with conditions.
- Arthi Gupta
- 19 Jul, 2012
- New York City
The UK indexes were nearly flat as regulators around the world widen the Libor scandal investigation. UK gross mortgage lending declined but retail sales increased in June. Kingfisher slumped 2.6% on weak outlook.