- Arthi Gupta
- 01 Feb, 2012
- New York City
The U.S. indexes gained after employment in the U.S. private sector grew in January The Congressional Budget Office projected a $1.1 trillion federal budget deficit for fiscal year 2012. Mattel completed acquisition of HIT Entertainment for $680 million.
- Marcus Jacob
- 01 Feb, 2012
- New York City
Australian indexes eased after home prices fell December quarter. Wesfarmers traded down ahead of its quarterly results tomorrow. Fortescue Metals Group declined after a key investor cut its stake to 1%.
- Arthi Gupta
- 01 Feb, 2012
- New York City
Manufacturing activity in the euro area was mixed and French manufacturing activity declining further in January. Euro area annual inflation remained unchanged but German flash consumer price inflation rate fell in January. Norwegian jobless rate rose in November.
- Arthi Gupta
- 01 Feb, 2012
- New York City
European markets rose after Germany and Portugal completed bond auctions at lower yields. The European Commission blocked the proposed merger of NYSE Euronext with Deutsche Boerse. Dassault Aviation was named as a preferred bidder for fighter jets by India.
- Bikram Pandey
- 31 Jan, 2012
- New York City
U.S. stocks were in a holding pattern after consumer confidence index dipped in January and home prices declined for the third month in a row in November. European leaders agreed for a fiscal pact and paved the way for the euro zone nations to tighter integration. The yen traded at a 3-month high.
- Mukesh Buch
- 31 Jan, 2012
- New York City
Danaher fourth quarter net increased to $571 million. Eli Lilly fourth quarter net slumped 27% to $858 million and Pfizer fourth quarter net declined 50% to $1.44 billion. Tyco International first quarter net slumped to $333 million. United Parcel fourth quarter net slumped 29% to $725 million.
- Nigel Thomas
- 31 Jan, 2012
- New York City
Japanese market indexes closed flat and gained 4.1% in January. Honda reported worse than expected decline in earnings and Sumitomo Mitsui Financial reaffirmed annual net income outlook. Canon president resigned and Fujifilm lowered its annual view.
- Arthi Gupta
- 31 Jan, 2012
- New York City
The UK indexes gained after consumer confidence improved in January and loan approvals for home purchase climbed in December. Essar ordered to pay $1.235 billion of sales tax deferment benefit, plus interest accrued. BSkyB first-half revenue increased 6%.
- Arthi Gupta
- 31 Jan, 2012
- New York City
The U.S. indexes gained on optimism of a resolution to the Greek debt-swap deal. McKesson agreed to acquire private label and drug franchise retail business of Canada based Katz Group for C$920 million. Exxon quarterly net rose 2%.
- Arthi Gupta
- 31 Jan, 2012
- New York City
Euro area jobless rate remain unchanged but stayed above 10% in December as Spanish jobless rate rose to 22.9% and Greek rate to 19.2%. German retail sales dropped and French consumer spending fell in December. Spanish inflation eased in January.
- Marcus Jacob
- 31 Jan, 2012
- New York City
Australian stocks edged lower today but surged in the month on the optimism that the euro zone will succeed in containing its debt crisis. For the month, the benchmark index added 5.1%. Woolworths comparable sales in December increased 4.1% and decided to sell its electronics retailer Dick Smith.
- Arthi Gupta
- 31 Jan, 2012
- New York City
European leaders agreed on the fiscal compact that will pave the way for the European Central Bank involvement. Czech Republic and UK dissented. ThyssenKrupp agreed to sell its Finnish unit for
- Bikram Pandey
- 30 Jan, 2012
- New York City
Stocks in New York traded lower as European leaders gather in Brussels one more time to devise plans to contain debt crisis. Banks and resources in New York and Europe declined. Exxon sold its majority stake in a Japan based refinery. U.S. Treasury bonds yields fell near record low levels.
- Nigel Thomas
- 30 Jan, 2012
- New York City
Stocks in Tokyo edged lower and the yen strengthened ahead of the EU summit. Exxon agreed to sell its stake in the crude oil refinery TonenGeneral Sekiyu KK for nearly $3.9 billion. Advantest surged on profit forecast and Nippon Electric Glass declined on a sharp drop in earnings.
- Mukesh Buch
- 30 Jan, 2012
- New York City
ABB agreed to acquire Thomas & Betts Corp. for $3.9 billion. Thomas & Betts fourth quarter net increased to $56.8 million. Gannett Co., fourth quarter net slumped 33% to $116.9 million. Pep Boys acquired by private equity firm The Gores Group for $1 billion.