- Arthi Gupta
- 05 Jul, 2011
- New York City
The European indexes traded sideways as investors focus on the next bailout conditions for Greece. U.S. based OM Group agreed to purchase Vacuumschmelze for
- Marcus Jacob
- 05 Jul, 2011
- New York City
Australian stocks traded lower after the Reserve Bank of Australia left its key lending rate at 4.75% and offered a benign view on inflation. The rate decision was widely anticipated but the outlook on inflation prompted a slower economic expansion outlook for the rest of the year.
- Arthi Gupta
- 04 Jul, 2011
- New York City
The UK indexes gained after financial services sector growth eased in the second quarter. The UK construction activity fell in June and individuals injected
- Arthi Gupta
- 04 Jul, 2011
- New York City
Euro area producer price inflation eased in May and investor confidence rose in July. Spanish unemployment fell and consumer confidence improved in June. Swiss retail sales slumped in May.
- Arthi Gupta
- 04 Jul, 2011
- New York City
The European indexes traded higher after the European lenders approved the next tranche of aid to Greece. Bayer agreed to pay $750 million to settle biotech rice litigation. ASSA ABLOY sold Lorentzen & Wettre to ABB for SEK 750 million.
- Nigel Thomas
- 04 Jul, 2011
- New York City
Stocks in Tokyo advanced following a surge in U.S. indexes and a rise in manufacturing index. The Nikkei index gained 1% and traded above 10,000 for the first time since May 2 on a strong rise in real estate developers and financials. Bridgestone increased commercial vehicles tires prices by 10%.
- Marcus Jacob
- 04 Jul, 2011
- New York City
The Australian benchmark index struggled to close higher after retail sales and building approvals fell. Retail sales fell 0.6% in May as shoppers take advantage of stronger dollar and look for bargains overseas on the Internet.
- Bikram Pandey
- 01 Jul, 2011
- New York City
U.S. stocks extended gains for the fifth day in a row and surged 5.6% in the week. Indexes advanced after manufacturing index advanced more than expected in June. Eastman Kodak dropped 14% after an adverse patent ruling. Euro-area unemployment was flat near 10% and China manufacturing growth slowed.
- Mukesh Buch
- 01 Jul, 2011
- New York City
Apollo Group third quarter net income increased 17.2%. Blackboard agreed to go private $1.64 billion in cash. Darden reported fourth quarter flat revenues. Marathon Oil completed the spin-off of Marathon Petroleum.
- Arthi Gupta
- 01 Jul, 2011
- New York City
The UK indexes climbed after manufacturing fell to a 21-month low and Irish factory sector growth declined in June. Vodafone agreed to sell its entire 24.4% interest in Polkomtel to Spartan Capital for
- Arthi Gupta
- 01 Jul, 2011
- New York City
U.S. indexes traded higher for the fifth day in a row. Nortel concluded sales of 6,000 patents to a consortium of six companies for $4.5 billion. Health Management unit agreed to buy Mercy Health Partners for $525 million. Blackboard agreed to go private for $1.64 billion.
- Arthi Gupta
- 01 Jul, 2011
- New York City
Euro area jobless rate remained flat at 9.9% in May and manufacturing growth slowed in June. French passenger car sales dropped in June. Danish retail sales fell but Italian jobless rate increased to 8.1% in May.
- Nigel Thomas
- 01 Jul, 2011
- New York City
The benchmark index in Tokyo extended gains for the fourth day and added 2% in the week. The latest survey of capital spending showed a sharp jump and large companies are planning to increase capital spending by 4.2% in the current fiscal year. Japan launched electricity conservation campaign.
- Arthi Gupta
- 01 Jul, 2011
- New York City
The European indexes rose after the Greek parliament approved privatization plan demanded by foreign lenders. General Mills completed acquisition of Yoplait for $1.2 billion. KBC Group finalized Centea sale for
- Marcus Jacob
- 01 Jul, 2011
- New York City
Australian stocks traded lower after rallying for two days in a row. For the week the benchmark index ASX 200 gained 1.84%. Australian dollar hovered near recent high. Suncorp guided better than expected insurance margin and Downer EDI gained after it delivered first train to NSW government.