- Bikram Pandey
- 01 Feb, 2011
- New York City
Market indexes in China closed lower ahead of a week of Chinese Lunar Year holiday. The latest read on manufacturing indicated slower growth expansion but input prices surged at a faster pace sparking fears of inflation. Resource linked stocks surged as copper and crude oil rallied to a 2-year high.
- Mukesh Buch
- 25 Jan, 2011
- New York City
3M fourth quarter sales increased 9.6% to $6.7 billion. Baker Hughes fourth quarter revenue surged 82% to $4.42 billion. Johnson & Johnson fourth quarter net sales decreased 5.5% to $15.6 billion. Verizon fourth quarter revenue fell 2.6% to $26.4 billion.
- Arthi Gupta
- 25 Jan, 2011
- New York City
The UK indexes declined after economy contracted unexpectedly in the fourth quarter due to cold weather conditions. The UK public sector borrowing increased in December. Irish producer prices increased in December. Rotala agreed to acquire Preston Bus for
- Arthi Gupta
- 25 Jan, 2011
- New York City
The European indexes fell after German consumer sentiment improved unexpectedly in January. French consumer spending climbed more-than-anticipated and Spain factory price inflation soared in December. Ericsson and Siemens net rose.
- Arthi Gupta
- 25 Jan, 2011
- New York City
U.S. indexes traded lower on mixed earnings. The ILO forecasted global unemployment rate of 6.1% and the IMF estimated world economic growth at 4.4% in 2011. Amgen acquired BioVex in $1 billion deal.
- Chandrasekhar Atreya
- 25 Jan, 2011
- New York City
Shanghai and Hong Kong stocks edge lower for the second day in a row ahead of the Lunar New Year day. Shanghai City
- Chandrasekhar Atreya
- 25 Jan, 2011
- New York City
Japanese stocks traded higher for the second day to gain the most in two weeks, led by chip stocks. Bank of Japan keeps key interest rate unchanged. Restaurant sales and domestic shipments of white goods rose in 2010 for the first time in two years.
- Chandrasekhar Atreya
- 25 Jan, 2011
- New York City
Stocks in Sydney gained for the second day after latest read on the core inflation was lower-than-expected. Oil Search and Newcrest Mining revise production guidance down citing temporary closing of plants and flooding of mines as the main causes.
- Bikram Pandey
- 24 Jan, 2011
- New York City
U.S. indexes traded higher as merger deals bolstered trading sentiment. Markets in Europe closed up and commodities gained. Intel proposed to increase $10 billion stock buy-back plan. U.S. Treasury plans to sell Citigroup Class A and B warrants tomorrow that may fetch as much as $330 million.
- Mukesh Buch
- 24 Jan, 2011
- New York City
U.S. stocks traded higher ahead of the two-day Fed meeting. Sara Lee Corp rose 2% as leverage buyout funds compete to acquire the food maker. Rock-Tenn Co agreed to acquire Smurfit-Stone Container Corp. General Electric agreed to sell its Asia unit to Standard Chartered Bank.
- Arthi Gupta
- 24 Jan, 2011
- New York City
The UK indexes gained after household finance index fell in January. Ireland struggled to pass finance bill that includes strict loan agreement with the EU agencies. Standard Chartered agreed to buy Singapore-based GE Money. Northern Foods accepted
- Arthi Gupta
- 24 Jan, 2011
- New York City
The European indexes fell after Philips reported lower-than-estimated earnings. Euro-zone reported strong private sector growth. The IMF extended credit line for Poland. Hungary hiked key rate. Telefonica and China Unicom strengthened alliance. Novartis agreed to acquire Genoptix for $470 million.
- Darlington Musarurwa
- 24 Jan, 2011
- New York City
U.S. indexes traded sideways as merger news dominate trading. RockTenn agreed to acquire Smurfit-Stone for $3.5 billion and Surgery Partners purchased NovaMed for $214 million. Halliburton net surges. Sara Lee Corp becomes the target of deals from private equity buyers.
- Chandrasekhar Atreya
- 24 Jan, 2011
- New York City
Stocks in Mumbai traded higher. ICICI Bank third quarter profit rose 30.5%. Insurance industry regulator confirmed that public offering guideline for life insurance companies will be ready in this fiscal year. New power plant addition target may be revised lower.
- Chandrasekhar Atreya
- 24 Jan, 2011
- New York City
Shanghai and Hong Kong indexes lose on liquidity concerns ahead of Lunar New Year day. China