- Bikram Pandey
- 19 Mar, 2012
- New York City
U.S. indexes extend five-month rally and the S&P 500 index closed at a 4-year high. Crude oil, gold and copper traded higher. Apple Inc gained 2% to a new high and announced plans to distribute $45 billion over the next three years.
- Nichole Harper
- 19 Mar, 2012
- New York City
U.S. stocks were flat and commodities were on the rise. Home builder confidence was steady in March after rising for five months in a row but and was at its highest since June 2007. U.S. sold off the final tranche of mortgage securities it purchased to save Fannie and Freddie during the 2008 crisis.
- Nigel Thomas
- 19 Mar, 2012
- New York City
Stocks in Tokyo advanced for the fifth day in a row and the yen struggled near 11-month low. Utilities were in focus after Osaka City is said to demand Kansai Electric to shutdown all 11 nuclear power plants. Marubeni is in a deal buy wind power engineering company.
- Mukesh Buch
- 19 Mar, 2012
- New York City
AboveNet agreed to be acquired by Zayo Group for $2.2 billion. Hastings Entertainment fourth quarter net loss swung to $8.4 million and InterOil Corp. fourth quarter net income swung to $13.2 million. United Parcel Service agreed to acquire TNT Express N.V. for $6.8 billion in cash.
- Marcus Jacob
- 19 Mar, 2012
- New York City
Australian markets advanced on the rising commodities prices and comments from the IMF chief. David Jones halted stock ahead of the strategic review. Qantas unions campaign to save jobs at three aircraft maintenance facilities.
- Arthi Gupta
- 19 Mar, 2012
- New York City
European indexes edged lower on global economic worries and the euro area construction output fell in January but UK home prices rose in March. UPS agreed to acquire TNT Express in $6.77 billion cash.
- Bikram Pandey
- 16 Mar, 2012
- New York City
U.S. indexes were little changed and the Nasdaq extended weekly gain to a new high in the last twelve years. Global indexes closed at a 30-week high. The crude oil price in the last three months contributed to the gain in consumer prices. India plans to increase 18% spending in the next fiscal year.
- Devan Biswas
- 16 Mar, 2012
- New York City
Finance Minister Pranab Mukherjee unveiled central government budget for the next fiscal year that will increase government spending by 18%, raise government borrowings by 7% and proposes to retroactively tax overseas mergers that involve Indian assets.
- Mukesh Buch
- 16 Mar, 2012
- New York City
ATP Oil & Gas revenue increased production volumes and higher oil prices. Dole Food rose after higher volume of sales. Excel Maritime reports profitable quarter. J. Alexander
- Nichole Harper
- 16 Mar, 2012
- New York City
U.S. stocks wavered in early trading after consumer price index increased 0.4% in February and confidence edged lower in March. Bank stocks were in focus after investors reassessed the data from the latest stress tests from the Fed. Crude oil prices rose and Treasuries edged lower.
- Nigel Thomas
- 16 Mar, 2012
- New York City
Stocks in Tokyo rallied for the fourth day in a row as the yen hovered near the 11-month low. Freight shipping companies gained after the rate index jumped and automotive tire makers declined after the natural rubber industry association forecasted a shortage.
- Marcus Jacob
- 16 Mar, 2012
- New York City
Australian stocks eased in a listless trading and the benchmark indexes gained 1.5% in the week. Australian indexes lag the latest global markets momentum in the last six weeks. Resources linked stocks were mixed but banks were under pressure.
- Arthi Gupta
- 16 Mar, 2012
- New York City
European indexes gained after the International Monetary Fund approved a
- Bikram Pandey
- 15 Mar, 2012
- New York City
U.S. indexes advanced and the S&P 500 index and the Nasdaq added 0.5%. The S&P 500 index crossed 1,400 for the first time since June 2008. The European indexes also extended rally with the benchmark index in Germany up 21% in the year so far.
- Mukesh Buch
- 15 Mar, 2012
- New York City
Radvision td gained 4% after it agreed to a merger with Avaya Inc for $230 million. Guess plunged 11% after it reported weaker than expected revenues. Ross Stores fourth quarter net increased 19%. Eagle Bulk Shipping dropped 9%. Scholastic Corp lifted its 2012 outlook.