- Mukesh Buch
- 12 Jul, 2011
- New York City
Alcoa second quarter net income soared. Clean Energy said Chesapeake investing $150 million. Microchip expects first quarter net sales to be fell 1.5%. Radiant Systems agreed to be acquired by NCR Corporation for $1.2 billion.
- Arthi Gupta
- 12 Jul, 2011
- New York City
The UK indexes declined after home prices fell, annual total retail sales increased 1.5% and inflation dropped unexpectedly to 4.2% in June. The UK leading index climbed in May. Thomas Cook plummeted 28% after bleak third quarter underlying operating profit outlook.
- Arthi Gupta
- 12 Jul, 2011
- New York City
U.S. indexes traded lower as the euro-zone debt contagion fears expand to Italy and Spain. U.S. trade deficit widened to $50.2 billion in May. NCR agreed to acquire Radiant Systems for $1.2 billion. Alcoa Inc net sales increased 27% and net more than doubled.
- Nigel Thomas
- 12 Jul, 2011
- New York City
Stocks in Japan declined following the worldwide stocks and commodities selloff. Japanese investors are increasingly factoring a bailout of Spain and Italy in the next six months. Banks led the losers as trading and resource companies also dropped. The yen strengthened.
- Arthi Gupta
- 12 Jul, 2011
- New York City
Inflation in the euro area eased and Czech jobless rate dipped in June. Greek import price inflation slackened and French deficit widened in May.
- Arthi Gupta
- 12 Jul, 2011
- New York City
European finance ministers failed to resolve the participation level of private lenders in the second Greek bailout after six hours meeting on Monday. Growing Italian debt fears dragged European indexes more than 2%. Italy completed short term debt sale at a sharply higher rate.
- Marcus Jacob
- 12 Jul, 2011
- New York City
Australian markets followed world markets and declined 1.9% after the euro-zone debt contagion fears widened to Italy. The sudden shift in the sentiment unnerved world stock and commodities markets that saw major indexes decline near 2%.
- Bikram Pandey
- 11 Jul, 2011
- New York City
U.S. indexes on Monday dropped as much as 2%. The sentiment weakened after the weak jobs report on Friday, rising inflation in China and the spread of sovereign debt stress in Italy accelerated sell-off from the start. Peabody Energy made one more attempt to acquire Australia based Macarthur Coal.
- Mukesh Buch
- 11 Jul, 2011
- New York City
Arch Chemicals agreed to be acquired by Lonza Group AG for $1.4 billion. Caterpillar completed acquisition of Bucyrus International of $8.8 billion. Micromet and Amgen enter in a collaboration agreement. Stillwater enters in a deal to acquire Peregrine Metals Ltd for $487.1 million.
- Arthi Gupta
- 11 Jul, 2011
- New York City
The UK indexes traded lower on global economic concerns as Italy gained the focus of bond investors. Manufacturing output in Ireland increased in May and construction activity dropped in June. BSkyB slumped 6.5% after the company''s proposed acquisition by News Corporation is under scanner.
- Nigel Thomas
- 11 Jul, 2011
- New York City
The Nikkei index declined after rallying for two weeks and the yen strengthened. Industrials and automakers declined after the U.S. reported sharply lower than expected increase in payrolls. Banks fell after debt contagion fears spread in the euro-zone to Italy.
- Arthi Gupta
- 11 Jul, 2011
- New York City
U.S. indexes dropped 1% on the euro-zone debt contagion fears. Italy is the latest focus. Precision Castparts agreed to acquire Primus International for $900 million. Peabody and ArcelorMittal confirmed joint bid for Australia-based Macarthur Coal for $5 billion.
- Marcus Jacob
- 11 Jul, 2011
- New York City
Stocks in Australia in a knee jerk reaction closed lower after Prime Minister Julia Gillard proposed to levy $23 a ton of carbon generated by the largest 500 Australian companies. The proposal is expected to be implemented by July 2012. Qantas quickly announced the plan to pass on the tax.
- Arthi Gupta
- 11 Jul, 2011
- New York City
The OECD leading index fell in May. French industrial production expanded and Greek industrial output rebounded in May. Denmark surplus rose and Estonia''s trade deficit narrowed to
- Arthi Gupta
- 11 Jul, 2011
- New York City
European Union regulators to hold an emergency meeting today as debt fear contagion spreads to Italy. The index in Germany fell 2.3%, in Paris dropped 2.7% and in Italy plunged 4%. Nestle agreed to buy stake in China-based Hsu Fu Chi for $1.72 billion.