- Bikram Pandey
- 12 Dec, 2012
- New York City
Fed in its latest action to buy more Treasury bonds next year followed up on its earlier promise to support the economy and shift attention to lowering unemployment. However, Fed also said it cannot counter entirely the effects of fiscal cliff if lawmakers fail to negotiate a budget agreement.
- Mukesh Buch
- 12 Dec, 2012
- New York City
Costco first quarter net surged 30% to $416 million and Central Garden & pet net loss widened. Dolby declared one-time special dividend of $4 a share. Joy Global fourth quarter net climbed 23% to $212.6 million. TNS agreed to a leveraged buyout offer from Siris Capital Group for $862 million.
- Arthi Gupta
- 12 Dec, 2012
- New York City
The U.S. indexes climbed ahead of Fed announcement and import prices fell in November. Chesapeake agreed to sell remaining midstream assets to Access Midstream for $2.16 billion. Costco quarterly net surged 30%.
- Arthi Gupta
- 12 Dec, 2012
- New York City
European ministers are expected advance banking union negotiations today. Greece plans to buyback
- Arthi Gupta
- 12 Dec, 2012
- New York City
Fraport said passenger traffic fell 2.7% in November. BHP agreed to sell its stake in the Browse gas project to PetroChina for $1.63 billion. Peugeot planned to slash 1,500 jobs by 2014. Inditex nine months net sales rose 17% to
- Nigel Thomas
- 12 Dec, 2012
- New York City
Stocks in Tokyo held gains after North Korea successfully launched long-range rocket in defiance of international sanction. Defense contractors gained. The yen edged lower and resource sector stocks advanced after iron ore price rose.
- Marcus Jacob
- 12 Dec, 2012
- New York City
Australian indexes extended gains for the second day on the rising iron ore prices and improving international economic sentiment. The latest German business confidence improvement added to positive momentum after China reported a rise in retail sales and industrial production.
- Nigel Thomas
- 11 Dec, 2012
- New York City
The benchmark index in Tokyo edged lower for the second day in a row. Resona Holdings joined a group of three banks to offer an emergency loan of $4.4 billion to Sharp Corp.
- Marcus Jacob
- 11 Dec, 2012
- New York City
Australian benchmark index jumped to a high in the year after iron ore prices surged to the level last seen in July. Resource sector stocks led the gainers. Downer EDI jumped after it agreed to a settlement related to a Singapore tunnel dispute.
- Mukesh Buch
- 11 Dec, 2012
- New York City
ABM Industries fourth quarter net surged 54% and Dollar General third quarter net soared 22% to $208 million. Delta Air Lines agreed to buy 49% stake in Virgin Atlantic valued $360 million. Ferrellgas first quarter net loss narrowed.
- Arthi Gupta
- 11 Dec, 2012
- New York City
The U.S. Treasury sold its remaining stake in AIG. Belden agreed to acquire PPC for $515.7 million. Texas Instruments narrowed its estimated ranges for revenue and earnings per share.
- Arthi Gupta
- 11 Dec, 2012
- New York City
The European indexes rose after German economic confidence rebounded in December. French payroll employment fell in the third quarter. UK home prices declined in November.
- Arthi Gupta
- 11 Dec, 2012
- New York City
ThyssenKrupp scraps dividend after annual loss widens. ACE lowered fiscal year operating income outlook. HSBC agreed to pay $1.92 billion to settle U.S. anti-money-laundering charges.
- Bikram Pandey
- 10 Dec, 2012
- New York City
Stocks in New York gained following resurgent economic data from China. Growth in exports fell in November but retail sales and industrial production were sharply rebounded. Euro declined after the unexpected resignation from Italian prime minister.
- Arthi Gupta
- 10 Dec, 2012
- New York City
AIG agreed to sell up to a 90% stake in ILFC for $5.28 billion. Ingersoll-Rand plans to spin-off its commercial and residential security businesses. Honeywell agreed to acquire Intermec for $600 million.