- Mukesh Buch
- 17 Jun, 2011
- New York City
Capital One agreed to acquire ING Direct from ING Groep in $9 billion. Lender Processing estimated second quarter earnings per share in the range of $0.54 to $0.56. Research In Motion first quarter net income declined 9.5% to $695 million and guided lower sales and earnings in the current quarter.
- Arthi Gupta
- 17 Jun, 2011
- New York City
The UK indexes climbed on optimism for a resolution to the Greece sovereign debt crisis. ARM agreed to acquire U.S.-based Obsidian Software. CSR and Zoran agreed to revised terms for proposed merger. Vallares raised
- Arthi Gupta
- 17 Jun, 2011
- New York City
U.S. stocks traded higher as Germany and France inch closer to Greek bailout. RiM dropped 12% after it estimated lower sales and earnings. Capital One agreed to acquire ING Direct for $9 billion. Tata Steel agreed to sell its entire stake in Riversdale to Rio Tinto for $1.1 billion.
- Arthi Gupta
- 17 Jun, 2011
- New York City
Euro-zone construction output declined and trade deficit widened in April. Europe new passenger car registrations increased in May. Spanish industrial orders and turnover growth rate slowed in April. Austria''s central bank lifted its growth forecast for the year.
- Arthi Gupta
- 17 Jun, 2011
- New York City
The European indexes traded higher after Greek Prime Minister George Papandreou reshuffled his cabinet. ING Groep sold ING Direct to U.S.-based Capital One for $9 billion. The euro area trade balance swung to deficit of
- Marcus Jacob
- 17 Jun, 2011
- New York City
The Australian index edged up on Friday but for the week lost 1.7%. Woodside Petroleum delayed its shipment date from Pluto project and estimated $900 million in higher costs. Rio Tinto gained full control of Riversdale Mining after Tata Steel sold its 26% stake.
- Bikram Pandey
- 16 Jun, 2011
- New York City
U.S. stocks meandered as investors digested slightly better news on the jobs and housing market after a string of weak economic data. Greece remained the focus as prime minister sought to unify the nation for austerity measures. India lifted rates for the tenth time in last sixteen months.
- Mukesh Buch
- 16 Jun, 2011
- New York City
Actuant third quarter net earnings soared 75%. Energy Transfer Equity will acquire Southern Union for $7.9 billion. MediaMind agreed to be acquired by DG FastChannel for $517 million. Pier 1 first quarter net income surged 84%. Kroger first quarter net earnings rose 1.6%.
- Arthi Gupta
- 16 Jun, 2011
- New York City
The UK indexes edged lower on euro debt concerns and political strife in Greece. UK retail sales fell in May. Rolls-Royce secured orders worth over
- Arthi Gupta
- 16 Jun, 2011
- New York City
U.S. indexes declined after weekly jobless claims fell 16,000 and housing starts rose 3.5% in May. Energy Transfer agreed to buy Southern Union for $7.9 billion. Ford planned addition investment of $500 million to increase engine production in China.
- Nigel Thomas
- 16 Jun, 2011
- New York City
Stocks in Japan fell tracking losses in New York and European markets. Greek worries and uneven economic recovery in the U.S. dragged market indexes. Greek troubles intensified as riots broke out in Athens and European leaders struggle to decide the share of losses if Greece defaults on loans.
- Arthi Gupta
- 16 Jun, 2011
- New York City
The European indexes slumped on ongoing concerns in Greece. Euro-zone annual inflation eased to 2.7% in May. The International Energy Agency lifted global oil demand growth forecast for 2011. U.S. based Terex Corp agreed to acquire Demag Cranes for $1.4 billion.
- Marcus Jacob
- 16 Jun, 2011
- New York City
The Australian index dropped 1.9% following the sharp decline in New York. Asian markets declined more than 1% tracking losses in Europe as focus shifted to Greek troubles. The European leaders and the ECB failed to agree on second bailout terms for Greece.
- Arthi Gupta
- 16 Jun, 2011
- New York City
Euro-zone annual inflation eased in May and employment remained flat in the first quarter. The jobless rate in Greece surged in the first quarter to 15.9%. Switzerland left key rate unchanged at 0.25%. Dutch retail sales improved in April.
- Bikram Pandey
- 15 Jun, 2011
- New York City
World markets traded lower as Greece gained centre stage and U.S. economic worries grew. The rising tensions in peripherals nations and growing evidence of weak economic data knocked the U.S. indexes as low as much as 1.8%. Crude oil falls 4.5% and metals weaken as stocks dive.