- Arthi Gupta
- 25 Oct, 2011
- New York City
European indexes traded sideways ahead of the summit tomorrow. Spain issued
- Bikram Pandey
- 24 Oct, 2011
- New York City
U.S. stocks traded higher in the positive zone after two months of volatility. European leaders promise resolution to debt crisis but also conceded that help from Asia and other regions may be needed to bolster its rescue fund. The euro gained and copper and oil advanced.
- Mukesh Buch
- 24 Oct, 2011
- New York City
Caterpillar third quarter net profit surged 44% to $1.14 billion. Cigna will acquire all shares of HealthSpring for $55 per share transaction value of $3.8 billion. Eaton third quarter net income rose to $365 million. Kimberly-Clark third quarter net income slipped 7.9% to $432 million.
- Arthi Gupta
- 24 Oct, 2011
- New York City
The UK indexes traded higher after European leaders moved closer towards a resolution to the debt crisis. U.S.-based Kennedy Wilson agreed to acquire UK loan portfolio for $1.8 billion. National Grid agreed to sell Utility Metering Services to Macquarie Bank for
- Nigel Thomas
- 24 Oct, 2011
- New York City
Stocks in Japan soared after September exports rose at a faster pace than expected on a surge in auto parts shipments. In addition, Chinese manufacturing gauge expanded at a fastest pace in October since March. Tepco may be forced to sell its Uranium mining rights and Olympus dropped to a new low.
- Arthi Gupta
- 24 Oct, 2011
- New York City
U.S. indexes open higher after positive economic data in Asia and European leaders sound optimistic notes on the rescue fund and Greek bailout. Cigna agreed to acquire HealthSpring for $3.8 billion. Oracle offered $1.5 billion for RightNow and Mattel bid $680 million for HIT Entertainment.
- Marcus Jacob
- 24 Oct, 2011
- New York City
Australian stocks surged after Chinese manufacturing expanded in October and Japanese exports increased more than expected in September. Also, a progress in the euro zone negotiations also helped markets sentiment. Resources linked companies and banks led the gainers.
- Arthi Gupta
- 24 Oct, 2011
- New York City
Euro-zone industrial new orders rebounded in August but private sector activity fell in October. German leading economic index dropped in August. Manufacturing activity rose unexpectedly in France in October but Dutch producer confidence index slumped in October.
- Arthi Gupta
- 24 Oct, 2011
- New York City
European leaders agreed to ask banks to raise
- Bikram Pandey
- 23 Oct, 2011
- New York City
European leaders discuss the fate of Greek bonds and appear to increase losses for private banks to as high as 60%. Banks are likely to increase tier 1 capital to 9% and raise more capital from their investors before approaching national governments. Greece may need more bailout capital.
- Bikram Pandey
- 21 Oct, 2011
- New York City
U.S. stocks rallied after earnings lifted sentiment. S&P 500 index and the Nasdaq gained 2%. The S&P 500 index gained 1.5% in the week and closed at a 11-week high. Microsoft, General Electric, Verizon and McDonald
- Mukesh Buch
- 21 Oct, 2011
- New York City
Chipotle third quarter net surged 25% to $60.4 million. Capital One third quarter net was flat at $813 million. General Electric third quarter net surged 57% to $3.2 billion. Microsoft first quarter net gained 6.1% to $5.74 billion.
- Nigel Thomas
- 21 Oct, 2011
- New York City
Stocks in Japan closed unchanged and for the week gained 0.8%. More than 400 Japanese factories are submerged in Thailand after floods devastate one third provinces and Bangkok face rising waters. Property and casualty insurers declined on higher losses linked to Thai floods.
- Marcus Jacob
- 21 Oct, 2011
- New York City
Australian stocks were flat today and for the week gained 1.5% on the optimism that the Europe will increase the size of the rescue fund. Commodities were weak and mining companies closed lower. Qantas and unions were asked to resolve their difference by Prime Minister Gillard.
- Arthi Gupta
- 21 Oct, 2011
- New York City
The UK indexes climbed and public sector net borrowing and consumer confidence fell in September. Irish trade surplus rose in August. Thomas Cook soared 11% after reaching an agreement with its banks to amend the terms of the existing credit facilities.