- Arthi Gupta
- 28 Nov, 2012
- New York City
BP agreed to sell package of central North Sea assets to Taqa for $1.1 billion. Smith & Nephew agreed to acquire Healthpoint Biotherapeutics for $782 million. Swiss Life estimates net profit in double-digit millions and Thomas Cook loss widens for the full year.
- Bikram Pandey
- 27 Nov, 2012
- New York City
Market indexes on Wall Street declined as lawmakers showed little progress in settling difference to avoid the so called fiscal cliff. European ministers and lenders agreed to cur Greek debt and offer cheaper and interest free loans as a part of a bailout.
- Nichole Harper
- 27 Nov, 2012
- New York City
U.S. stocks declined after Greek deal euphoria lifted indexes at the opening. ConAgra agreed to acquire private-label food maker Ralcorp for $6.8 billion. Consumer confidence increased in the month and durable goods orders were flat in October. Home prices rose 0.3% in September.
- Nigel Thomas
- 27 Nov, 2012
- New York City
Nikkei index gained to a new 7-month high as the yen traded near 8-month low after opposition leader called for more fiscal and monetary easing to lift economic growth. Exporters to Europe gained after ministers agreed on a Greek debt and bailout fund release plan.
- Marcus Jacob
- 27 Nov, 2012
- New York City
Australian stocks edged higher after euro zone ministers struck a bargain that included a package of incentives and conditions to release the next tranche of bailout funds for Greece. Former chiefs of Qantas enter in talks with pilots to gain control. CSL lifted its annual net outlook by 20%.
- Mukesh Buch
- 27 Nov, 2012
- New York City
ConAgra agreed to buy Ralcorp for $5 billion in cash. Hillenbrand fourth quarter net climbed 6% and Ralcorp fourth quarter net loss narrowed. ADT Corp. quarterly net increased 1% to $94 million. Thor first quarter net surged 38%.
- Barry Randall
- 27 Nov, 2012
- New York City
European markets traded at a 3-year high after ministers agreed to release next tranche of bailout to Greece and lower projected debt by 2022. The political will to forgo Greek debt lifted the euro. The O.EC.D lowered its economic outlook across 34 member nations.
- Nichole Harper
- 26 Nov, 2012
- New York City
Stocks in New York traded lower after White House economists warned the impact of sudden one-time tax increase on middle-income tax payers. Retailers were in focus after the strong start of holiday retail sales. SEC Chairman Mary Schapiro decided to step down from December 14.
- Nichole Harper
- 26 Nov, 2012
- New York City
Stocks in New York traded lower after economists warned that a sudden increase in taxes next year could reduce consumer spending by $200 billion. Retailers reported surge in holiday shoppers as discounts and early hours drove consumers to stores.
- Nigel Thomas
- 26 Nov, 2012
- New York City
Stocks in Tokyo closed higher and the yen traded near 8-month low on the rising speculation that the central bank may be forced to take additional measures to stimulate the economy and weaken the yen. Fitch lowered credit rating of Panasonic and Sony to junk level.
- Marcus Jacob
- 26 Nov, 2012
- New York City
Australian benchmark index closed higher and the dollar edged up. Australians are expected to spend $16 billion during the holiday season. Moody
- Barry Randall
- 26 Nov, 2012
- New York City
European markets declined across the region as finance ministers meet one more time to agree on the next bailout release. Barclays fell 4% after Qatar based sovereign fund sold its remaining Barclays warrants.
- Bikram Pandey
- 23 Nov, 2012
- New York City
Stocks traded higher on subdued volume and retailers and tech stocks were in focus. Wal-Mart faced worker
- Marcus Jacob
- 23 Nov, 2012
- New York City
Australian markets closed flat and trading volume was weak as many foreign investors were away after markets in Japan and in U.S. were closed. The Australian dollar inched higher to $1.04.
- Maureen Salinas
- 23 Nov, 2012
- New York City
European markets were generally flat after leaders of 27 nations failed to finalize next seven year budget from 2014. Germany, UK, Sweden and Holland are pushing for larger cuts in expenses including popular farm subsidies and European officials pay.