- Arthi Gupta
- 18 Jul, 2012
- New York City
U.S. indexes traded higher after two separate reports on the housing industry indicated a rebound. Olin agreed to acquire K. A. Steel Chemicals for $328 million. Bank of America swings to profit on higher mortgage loans. BlackRock quarterly net declined 11%.
- Arthi Gupta
- 18 Jul, 2012
- New York City
The European indexes gained on better-than-anticipated earnings. Germany raised
- Devan Biswas
- 17 Jul, 2012
- New York City
HSBC is facing as much as $1 billion in fines for violating anti-terrorism laws and facilitating money laundering at its Mexican unit and providing access to the U.S. financial system to drug cartels.
- Bikram Pandey
- 17 Jul, 2012
- New York City
U.S. indexes rebounded from the morning losses and commodities closed higher. HSBC faces $1 billion fine for a decade long compliance failure at its U.S. unit. Goldman Sachs looks for other ways to bolster earnings after trading and risk-taking generate weak profits.
- Arthi Gupta
- 17 Jul, 2012
- New York City
The UK indexes dropped after inflation eased and home prices rose. HSBC is facing as much as $1 billion in fines for violating anti-terrorism laws. Bank of England Governor denied that the New York Fed gave warnings on rate fixing.
- Mukesh Buch
- 17 Jul, 2012
- New York City
Goldman Sachs net fell 12% to $927 million. Johnson & Johnson second quarter net declined 49.3% to $1.41 billion and Mattel reported second quarter results ahead of expectations. State Street net falls.
- Arthi Gupta
- 17 Jul, 2012
- New York City
U.S. indexes advanced after consumer prices remained unchanged but industrial output rose in June. State Street agreed to acquire Goldman Sachs Administration Services for $550 million. Coca-Cola quarterly earnings declined on higher costs.
- Arthi Gupta
- 17 Jul, 2012
- New York City
The European indexes traded higher and Spanish bond yields fell at the latest debt auction. Rating agency downgraded 13 Italian banks with negative outlook. The IMF approved
- Nigel Thomas
- 17 Jul, 2012
- New York City
Tokyo financial markets closed higher after a 3-day weekend and the yen strengthened prompting another round of tough talks from the finance minister. The IMF lifted its outlook for Japan to 2.4% but cut global economic views.
- Marcus Jacob
- 17 Jul, 2012
- New York City
Australian indexes closed higher for the third day after the RBA highlighted the economic strength in its latest assessment. The dollar closed higher and investors shifted attention to the next meeting of the central bank on August 7. Rio Tinto said first half iron production increased 4%.
- Bikram Pandey
- 16 Jul, 2012
- New York City
U.S. indexes traded sideways as trading volume inched lower and the IMF lowered its global growth outlook. The global lender warned the U.S. to lift its debt limit sooner than later and urged European leaders to accelerate fiscal and banking integration.
- Mukesh Buch
- 16 Jul, 2012
- New York City
Citigroup second quarter net declined 12% to $2.9 billion and Gannett net plunged 21%. Glaxo offered $3.6 billion for Human Genome. Thermo Fisher agreed to buy One Lambda for $925 million in cash. Visa and MasterCard settle class action lawsuits.
- Arthi Gupta
- 16 Jul, 2012
- New York City
The UK indexes dipped after home prices fell in July. The International Monetary Fund cut UK growth outlook. GlaxoSmithKline agreed to acquire Human Genome for $14.25 per share. G4S failed to fulfil Olympic contract.
- Arthi Gupta
- 16 Jul, 2012
- New York City
U.S. indexes edged lower after retail sales fell unexpectedly in June. Par Pharmaceutical inked a merger agreement to be acquired by TPG for $1.9 billion. Thermo Fisher agreed to acquire One Lambda for $925 million in cash.
- Marcus Jacob
- 16 Jul, 2012
- New York City
Australian indexes closed higher for the second day in a row as investors bid up resources stocks. Whitehaven Coal surged 17% after it received a takeover bid. Seven West Media was halted after it planned to finish its $440 million offering at 20% discount.