- Arthi Gupta
- 02 May, 2012
- New York City
U.S. indexes edged lower after private employment rose less than estimated in April and March estimate was lowered. Wolverine and private equity firms agreed to acquire the parent of Payless ShoeSource for $2 billion. Ascena Retail agreed to buy Charming Shoppes for approximately $890 million.
- Marcus Jacob
- 02 May, 2012
- New York City
The Australian market index closed higher and major banks failed to pass on the latest rate cut to consumers. ANZ said first half profit increased 5% to a record high. News Corp rose on the prospect that Rupert Murdoch may be forced out after the latest UK panel report.
- Arthi Gupta
- 02 May, 2012
- New York City
The European market indexes advanced despite the rise in unemployment across the region and manufacturing activity shrank. UBS quarterly net plunged 54% but TNT swung to profit.
- Arthi Gupta
- 02 May, 2012
- New York City
Jobless rate rose in the euro area and Italy in March and manufacturing activity declined in the euro-zone in April. Hungarian industrial producer price index rose from a year ago in March.
- Bikram Pandey
- 01 May, 2012
- New York City
U.S. indexes gained after latest manufacturing report suggested was better than expected. UK panel lashed out in a critical report at Rupert Murdoch found him unfit to run a major corporation and the report was highly critical of three former executives including ex publisher of Wall Street Journal.
- Mukesh Buch
- 01 May, 2012
- New York City
Archer-Daniels third quarter net declined 31% to $399 million. Avon first quarter net tumbled 82% on sales fall. Cummins first quarter net surged 33% to $455 million. Pfizer first quarter net dropped 19% to $1.79 billion and Thomson Reuters climbed 25.6% to $314 million.
- Arthi Gupta
- 01 May, 2012
- New York City
The UK indexes advanced after manufacturing activity eased but Irish manufacturing dropped in April. The UK parliament panel found News Corp Chief Executive Rupert Murdoch unfit to run large multinational company. BP quarterly earnings fell 18%.
- Nigel Thomas
- 01 May, 2012
- New York City
Stocks in Japan dropped in thin trading after the yen strengthened. Exporters and automakers were among the leading decliners. Mitsubishi and Mitsui agreed to take the stake in Western Australia based natural gas field for $2 billion.
- Arthi Gupta
- 01 May, 2012
- New York City
U.S. indexes traded sideways ahead of the manufacturing data. Mitsubishi and Mitsui agreed to buy minority stake in Australian LNG project for $2 billion. P.F. Chang''s China Bistro agrees to a leverage buyout deal of $1.1 billion.
- Marcus Jacob
- 01 May, 2012
- New York City
Australian stocks gained after the Reserve Bank of Australia cut rates by 50 basis points. The market rally was short lived after large banks failed to follow the move. Rupert Murdoch was deemed unfit to run UK newspaper business. Woodside sold a stake in its $2 billion Browse LNG field.
- Bikram Pandey
- 30 Apr, 2012
- New York City
U.S. stocks eased after Spain joined the UK and entered recession for the second time since 2009 and the U.S. business activities expanded at the slowest pace in April in three years. The benchmark S&P 500 index fell 0.8%, first decline after four months of gains.
- Mukesh Buch
- 30 Apr, 2012
- New York City
CNA Financial first quarter net slumped 3% to $367 million. Energy Transfer agreed to acquire Sunoco for $5.3 billion. Barnes & Noble soared on Microsoft investment. Humana first quarter net declined 21% to $248 million. Hologic acquired Gen-Probe for about $3.7 billion.
- Arthi Gupta
- 30 Apr, 2012
- New York City
The UK indexes fell after home prices eased in April. Irish loans to households dropped in March. Aberdeen first-half revenue rose 7% to
- Arthi Gupta
- 30 Apr, 2012
- New York City
U.S. indexes gained after personal income and consumer spending rose in March. On the deal front, Energy Transfer agreed to acquire Sunoco for $5.3 billion and Hologic said it agreed to buy Gen-Probe for approximately $3.7 billion.
- Arthi Gupta
- 30 Apr, 2012
- New York City
Euro-zone inflation eased to 2.6% in April. The euro area M3 growth jumped to 3.2% and German retail sales rebounded in March. The Spanish economy contracted in the second quarter and the Swiss central bank swung to loss in the first quarter.