- 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.
- Arthi Gupta
- 30 Jan, 2012
- New York City
The UK indexes declined as banks and miners fell today and home prices were flat in January. Centrica agreed to acquire non-operated interests in the Statfjord energy field for
- Arthi Gupta
- 30 Jan, 2012
- New York City
The U.S. indexes fell as leaders in Europe gather to discuss the debt crisis. Exxon decided to sell its stake in a Japanese refinery for $3.9 billion. Switzerland-based ABB agreed to buy Thomas & Betts for $3.9 billion and Pep Boys agreed to be acquired by The Gores Group for $1 billion.
- Marcus Jacob
- 30 Jan, 2012
- New York City
Australian stocks and indexes edged lower on the worries that four largest banks may face another ratings downgrade and retailers ease as the dollar strengthened. Transurban chief executive resigned.
- Arthi Gupta
- 30 Jan, 2012
- New York City
German wholesale sales eased and the Spanish economy contracted in the fourth quarter. Euro area economic confidence improved but Italian business confidence declined in January.
- Arthi Gupta
- 30 Jan, 2012
- New York City
European markets edged lower ahead of the EU leaders meeting in Brussels later today and Italy auctioned
- Bikram Pandey
- 27 Jan, 2012
- New York City
U.S. indexes fell after the latest economic growth data failed to spark enthusiasm. Ford Motor reported a large net profit on one-time tax gains but operating net lagged on weak Asian and European results. Markets indexes in Europe declined after Greek talks foundered and Spanish jobs surged to 23%.
- Marcus Jacob
- 27 Jan, 2012
- New York City
Australian stocks extended gains for the second day and resource stocks and banks led the advance. Woodside Petroleum said it is looking to sell a stake in its Western Australia based natural gas basin.
- Mukesh Buch
- 27 Jan, 2012
- New York City
Amgen fourth quarter net slipped to $937 million. Chevron fourth quarter net decreased to $5.1 billion and Caterpillar fourth quarter net surged 60% to $1.54 billion. Ford fourth quarter net surged to $13.6 billion. Procter & Gamble second quarter net slumped 49% to $1.7 billion.
- Arthi Gupta
- 27 Jan, 2012
- New York City
The UK indexes gained and investors focused on the Greek debt restructuring outcome. Irish retail sales improved in December. BP plc ordered to bear all costs related to the oil spill in the Gulf of Mexico in 2010.
- Arthi Gupta
- 27 Jan, 2012
- New York City
The U.S. economy gathered steam and expanded at 2.8% annual rate in fourth quarter after growing at 1.8% in the third. Eastman Chemical agreed to acquire Solutia for $4.7 billion. Ford quarterly net soared and reported annual profit for third year in a row.