- Arthi Gupta
- 06 Jan, 2011
- New York City
The European indexes gained after German factory orders surged in November. China expressed willingness to buy
- Arthi Gupta
- 06 Jan, 2011
- New York City
U.S. indexes dropped after weekly jobless claims rose 18,000 and retailers reported sharpest same store sales increase in several years. U.S. home prices are estimated to fall further in 2011. Limited Brands, Walgreen and Costco and Pier-1 Imports reported higher sales.
- Arthi Gupta
- 05 Jan, 2011
- New York City
The UK indexes slid after mining and banks stocks fell. Construction sector contracted in December. Retailers reeled under the impact of value-added tax. Irish home prices fell in the fourth quarter and services PMI dropped in December. HMV plunges on decline of sales.
- Arthi Gupta
- 05 Jan, 2011
- New York City
The European indexes climbed after euro-zone Services PMI and PPI rose. French service sector activity improved in December. Spanish industrial production grew and Hungarian PPI soared in November. Romanian central bank retained key rate at 6.25%.
- Arthi Gupta
- 05 Jan, 2011
- New York City
U.S. indexes gained after private sector employment rose more than anticipated in December. The U.S. Fed noted stimulus to continue until economy recovery and improvement in jobs situation. Qualcomm agreed to buy Atheros Communications that values the company at $3.1 billion.
- Arthi Gupta
- 04 Jan, 2011
- New York City
The UK indexes surged as resource stocks soared and manufacturing expanded, mortgage approvals rose but money supply fell. Anglo American sold Moly-Cop and AltaSteel to Australia-based OneSteel for $1.08 billion. easyJet placed 15 aircraft order with Airbus.
- Arthi Gupta
- 04 Jan, 2011
- New York City
The European indexes edged higher after euro area inflation rose 2.2%, German unemployment increased, and French consumer confidence dampened in December. Spanish unemployment dropped. China expressed confidence and showed a willingness to invest in Spanish debt.
- Arthi Gupta
- 04 Jan, 2011
- New York City
U.S. indexes advanced tracking gains in world markets. Dover agreed to acquire Harbison-Fischer for $402.5 million. Constellation Energy completed acquisition of Boston Generating gas fleet for $1.1 billion. Stryker purchased Neurovascular business of Boston Scientific in $1.5 billion deal.
- Arthi Gupta
- 03 Jan, 2011
- New York City
The indexes rose after manufacturing grew in many European nations. Estonia became the seventeenth nation to join the euro zone. Curamik Electronics agrees to be acquired by U.S.-based Rogers for
- Arthi Gupta
- 03 Jan, 2011
- New York City
U.S. indexes traded higher on the rising economic expectations and stronger than expected retail sales. Facebook raised $500 million in the latest round that valued the company at $50 billion. CVS agreed to acquire Universal American''s Medicare unit for $1.25 billion.
- Mukesh Buch
- 03 Jan, 2011
- New York City
Bank of America agreed to pay more than $2.6 billion Freddie Mac and Fannie Mae to settle the claims. Calavo Growers revenue soared 32% to $107.2 million. Dollar Financial agreed to acquire Purpose U.K. Holdings and Sefina Finance AB. Torchmark closed sale of wholly owned subsidiary at $648 million.
- Bikram Pandey
- 31 Dec, 2010
- New York City
World markets were subdued on the last day of trading. Commodities surged as copper and gold touched record highs and silver reached three decade peak. Emerging markets outperformed the developed markets with Peru, Indonesia, Philippines, Turkey, Russia and India leading.
- Mukesh Buch
- 31 Dec, 2010
- New York City
Biglari increased proposal to acquire all outstanding shares of Fremont Michigan. Constellation Energy agreed to sell the 550 megawatt Quail. DirectTV and Hearst Corp struck a content deal. IMAX soared on a speculation Sony Corp. may bid $40 a share.
- Arthi Gupta
- 31 Dec, 2010
- New York City
The UK indexes dropped after home prices rose in December and for the year FTSE 100 index gained 9%.India-based Sahara Group bought Grosvenor House Hotel for
- Arthi Gupta
- 31 Dec, 2010
- New York City
European indexes diverged in 2010. Germany led the region with a gain of 17% and Greece led the decliners with a loss of 35%. UK index rose 9% but the index in France declined 3.4%. Russia and Turkey rose more than 22%.