- Arthi Gupta
- 02 Jul, 2012
- New York City
U.S. indexes traded sideways after weak global economic data. Bristol-Myers agreed to acquire Amylin for $5.3 billion, Micron Technology agreed to buy Japanese chipmaker Elpida for $2.5 billion and Ingram Micro agreed to purchase Brightpoint for $840 million.
- Nigel Thomas
- 02 Jul, 2012
- New York City
The strength in the yen in the last one hour of trading evaporated most of the gains of 1% in the benchmark Nikkei. Exporters and electronics makers turned lower. Nippon Yusen guided higher revenues on forwarding and warehousing business.
- Marcus Jacob
- 02 Jul, 2012
- New York City
Australian stocks and dollar extended gains for the second day in a row. Resource stocks were in focus as speculation grew that BHP may write-down recently acquired natural gas assets in the U.S. David Jones Dropped after the takeover offer lacked credibility.
- Arthi Gupta
- 02 Jul, 2012
- New York City
The European indexes gained for the second day and jobless rate rose in May and UK home prices stagnated in June. Linde agreed to acquire U.S.-based Lincare for $4.6 billion and Essar Energy agreed to sell stake in Vietnam gas block to ENI.
- Bikram Pandey
- 29 Jun, 2012
- New York City
Stocks on Wall Street surged after European leaders offered emergency steps to support direct bank lending and passed stimulus measures. Commodities led the surge and crude oil soared 9% and gold gained 3%. For the week, the S&P 500 index gained 1.6%.
- Arthi Gupta
- 29 Jun, 2012
- New York City
U.S. indexes extended global rally after European leaders agreed to emergency steps and extend direct lending to Spanish banks and pass stimulus measures. Research in Motion planned to slash 5,000 jobs after it reported sales decline, losses and worsening cash position.
- Mukesh Buch
- 29 Jun, 2012
- New York City
Accenture third quarter net increased 11% and narrowed fiscal earnings guidance. KB Home second quarter net loss narrowed. Nike fourth quarter net slid 8% to $549 million. Research In Motion swung to a quarterly loss.
- Marcus Jacob
- 29 Jun, 2012
- New York City
Australian benchmark index gained 1.2% as rally across Asia lift markets after European leaders agreed to offer direct lending to banks and approved stimulus program. David Jones soared 15% after a hostile takeover offer of $1.5 billion.
- Nigel Thomas
- 29 Jun, 2012
- New York City
Japanese stocks extended gains for the second day as short sellers covered positions and international investors increased exposure to domestic stocks. Nikkei gained 1.5% on Friday but fell 10.7% in the quarter, worst since the third quarter of 2011.
- Arthi Gupta
- 29 Jun, 2012
- New York City
European markets staged a rally after leaders agreed to use rescue funds to lend directly to banks and approved
- Bikram Pandey
- 28 Jun, 2012
- New York City
Stocks on Wall Street closed lower on the weakness. U.S. Supreme Court
- Arjun Dave
- 28 Jun, 2012
- New York City
U.S. Supreme Court upheld in a landmark decision by a 5-4 vote most of the key provisions of the healthcare reform that divided the nation for the last two years. The decision will not allow the law to be implemented as early as 2014.
- Mukesh Buch
- 28 Jun, 2012
- New York City
Healthcare insurers dropped sharply after the Supreme Court upheld the healthcare reform. American Greetings first quarter net tumbled 78%. Family Dollar third quarter net increased 5.3% to $124.5 million and lifted fiscal outlook. Paychex fourth quarter net increased 4%.
- Arthi Gupta
- 28 Jun, 2012
- New York City
U.S. indexes declined after the government confirmed 1.9% growth in the first quarter and weekly jobless claims fell 6,000 to 386,000. News Corp said to plans to split in two companies.
- Nigel Thomas
- 28 Jun, 2012
- New York City
Stocks in Tokyo advanced and the benchmark Nikkei jumped 1.6% to close at a six week high. Retail sales in May increased at a slower pace than in April but were ahead of expectations. Institutional investors increased exposure to domestic stocks.