- Bikram Pandey
- 07 Mar, 2011
- New York City
The Dow, the S&P 500 and the Nasdaq indexes turned negative after oil resumed its advance for the fourth week as fighting in the Middle East intensified. European markets turned lower after Greek debt was downgraded. Luxury retailers rise after LVMH agreed to acquire a controlling stake in Bulgari.
- Mukesh Buch
- 07 Mar, 2011
- New York City
Ciena first quarter net loss widened to $79.0 million. Kronos fourth quarter net income of $36.4 million. LVMH agreed to take control of Bulgari SpA. New Gold fourth quarter net earnings surged to $72.8 million. Shenandoah fourth quarter net income in the quarter plunged.
- Arthi Gupta
- 07 Mar, 2011
- New York City
The UK indexes closed higher tracking gains in oil. The CBI urged UK chancellor to offer tax relief and focus on economic growth in the next budget. The LSE contemplated bid for Nasdaq. Pearson agreed to acquire Education Development International. IAG agreed to purchase eight aircrafts from Airbus.
- Arthi Gupta
- 07 Mar, 2011
- New York City
The European indexes climb after euro-zone investor confidence rose in March. Ratings agency lowered Greece government bond ratings. LVMH acquired controlling stake in Italian-jeweler Bulgari. Daimler and Rolls-Royce are reportedly in talks to acquire Tognum AG.
- Arthi Gupta
- 07 Mar, 2011
- New York City
U.S. stocks struggle as crude oil reach to a new 30-month high. Western Digital agreed to acquire Hitachi Global Storage for about $4.3 billion. Japan-based Terumo agreed to purchase CaridianBCT for $2.63 billion. Travelport agreed to sell GTA business to Switzerland-based Kuoni for $720 million.
- Devan Biswas
- 07 Mar, 2011
- New York City
Mumbai stocks closed lower after oil hit another high and political concerns rose in New Delhi. Regional party DMK withdrew its support to the ruling coalition that may stymie government economic agenda. Rate sensitive stocks led the decliners.
- Devan Biswas
- 07 Mar, 2011
- New York City
Stocks in Shanghai surged as investors focused on domestic economy and in Hong Kong fell after crude oil price surged to 30-month high. The policy makers at a national annual meeting focus on arresting inflation and spreading job growth and wage increase to rural areas.
- Nigel Thomas
- 07 Mar, 2011
- New York City
Stocks in Tokyo trading fell after crude oil prices gained, Toyota debt rating was lowered and Japanese foreign minister resigned. Automakers declined in the worries that global demand will decline as crude oil price jump 50% in the last eight months to a 30-month high.
- Marcus Jacob
- 07 Mar, 2011
- New York City
Stocks in Australia fell on the worries that near three-year record petrol prices will impact economic growth and contribute to inflation. The benchmark indexes dropped 1.4%. A private survey of employment ads in Australia indicated an increase of 1.2% in February.
- Bikram Pandey
- 05 Mar, 2011
- New York City
U.S. indexes turned negative on Friday after crude oil prices rebounded. U.S. employers added 192,000 jobs in February and private sector added jobs for the 12th month in a row. Factory orders rose at the fastest pace in more than four years. Europe struggles with near record retail price of fuel.
- Mukesh Buch
- 04 Mar, 2011
- New York City
Genesco fourth quarter net earnings rose to $30.8 million. Hughes quarterly net income in the quarter surged to $16.9 million. Marvell net income in the quarter rose 9% to $222.9 million. Novell reported first quarter net loss of $17.94 million. The Cooper first quarter net income surged 122%
- Arthi Gupta
- 04 Mar, 2011
- New York City
The UK indexes edged higher after home prices dropped in February and new orders in the construction sector rose in the fourth quarter. WPP net rose 34% reflecting revenue growth. Ocado quarterly gross sales increased 24.7%.
- Arthi Gupta
- 04 Mar, 2011
- New York City
The European indexes rose after better-than-estimated U.S. jobs data. The ECB President Trichet hinted on a possibility of a rate hike. Spain and Estonia''s industrial production increased in January. KBC Group agreed to sell Centea unit to Cr
- Arthi Gupta
- 04 Mar, 2011
- New York City
U.S. indexes gained after payrolls rose 192,000 and jobless rate fell. The IMF forecasted high food prices on rising demand. Dresser-Rand agreed to acquire Spain-based Grupo Guascor for $690 million.
- Devan Biswas
- 04 Mar, 2011
- New York City
Mumbai stocks surrendered earlier gains. Union Cabinet approved the banking reform bill that will increase shareholder voting right proportional to holding and require an approval for a stake higher than 5%. Tata Power plans to increase its generating capacity eightfold in the next seven years.