- Mukesh Buch
- 11 Jan, 2011
- New York City
Alcoa fourth quarter sales increased 4% to $5.65 billion. Apollo Group first quarter net revenue increased 5.4% to $1.33 billion. Lennar Corp fourth quarter total revenues declined 6% to $860.12 million. Supervalu third quarter total net revenue fell to $8.7 billion. AMD chief resigned unexpectedly.
- Arthi Gupta
- 11 Jan, 2011
- New York City
The UK indexes edged higher after retail sales fell in December and tracking market gains in Europe. Japan and China expressed their willingness to participate in a euro-bond offering that will support Portugal and Ireland. Hamworthy secured Brazilian contract for
- Arthi Gupta
- 11 Jan, 2011
- New York City
The European indexes rose after Japan pledged buying euro-zone bonds. Portugal said it does not need bailout as the nation prepares to raise 1.25 billion euros tomorrow. French business sentiment improved in December. Greek CPI inflation soared in December.
- Arthi Gupta
- 11 Jan, 2011
- New York City
U.S. indexes gained after Alcoa swung to profit for the last quarter and the year. Intel agreed to pay Nvidia licensing fees of $1.5 billion. Simon Property gave up takeover bid for UK based CSC. BMO Financial Group agreed to buy Hong Kong-based Lloyd George Management.
- Chandrasekhar Atreya
- 11 Jan, 2011
- New York City
Mumbai stocks declined on the sixth day, the longest streak in more than a year as investors worry the government may not be able to arrest inflation as Prime Minister Singh conveys a cabinet meeting. Gujarat in a two-day summit is expected to announce $20 billion of port developments projects.
- Chandrasekhar Atreya
- 11 Jan, 2011
- New York City
Stock indexes in Shanghai rally 0.5% and in Hong Kong surge 1%. China
- Chandrasekhar Atreya
- 11 Jan, 2011
- New York City
Stocks in Tokyo trading declined after reaching eight-month high last week. Japan plans to but euro-zone debt as the European Union prepared to float bonds to pump capital in the struggling economies. The latest survey shows a decline in adult population reaching the age of 20 years.
- Chandrasekhar Atreya
- 11 Jan, 2011
- New York City
Australian coal trade is severely disrupted and fears are rising that the damage to the economy may be larger than anticipated. Rising flood waters enter the city of Brisbane, the third largest city in Australia. Trade surplus in November narrowed to $1.925 billion.
- Bikram Pandey
- 10 Jan, 2011
- New York City
Deals of $22 billion failed to lift world market indexes. Investors were cautious in Europe ahead of bond sale from Spain, Portugal and Italy. For-profit education providers fell sharply after Strayer indicated weaker than expected new registrations. Fiat increased its stake in Chrysler to 25%.
- Mukesh Buch
- 10 Jan, 2011
- New York City
Acuity Brands first quarter sales increased 8.5% to $425.0 million. iGATE agree to acquire majority stake in Patni Computer Systems. PriceSmart first quarter total revenues increased 22.3% to $386.07 million. Playboy Enterprises Inc agreed to be taken private by founder Hugh Hefner.
- Arthi Gupta
- 10 Jan, 2011
- New York City
The UK indexes slid after home prices slumped and financial services activity improved. The UK PM Cameron expressed concern over inflation. Smith & Nephew rebuffed J&J''s
- Arthi Gupta
- 10 Jan, 2011
- New York City
The European indexes declined as investors focused on the sovereign debt issues. However, euro area investor sentiment improved in January. German manufacturing sector turnover eased and French industrial production climbed in November. The Greek budget deficit decreased.
- Chandrasekhar Atreya
- 07 Jan, 2011
- New York City
Stocks in Mumbai tumbled 2.5% today and dropped 4% in the week. A sharp and sustained increase in food prices and the government
- Arthi Gupta
- 10 Jan, 2011
- New York City
DuPont agreed to acquire Denmark-based Danisco for $6.3 billion. Sanofi began valuation of Genzyme drug Lemtrada. iGATE acquired stake in India-based Patni for $1.22 billion.
- Chandrasekhar Atreya
- 07 Jan, 2011
- New York City
Australian indexes closed lower as flood waters reach peak and miners struggle to contain flood losses. Insurers declined as policyholders file A$150 million of claims. Australian government unveils a new national ports strategy.