- Arjun Dave
- 20 Jun, 2012
- New York City
U.S. Treasury yields fell after the Fed extended and expanded its Operation Twist program to the end of the year and held target interest rate near zero. The move knocked off rates on 10-year bond to 1.61% and 30-year bond to 2.75%.
- Mukesh Buch
- 20 Jun, 2012
- New York City
Actuant 2013 guidance 2013 falls below estimates and Adobe Systems second quarter net declined 2% and lowered fiscal outlook. Jabil Circuit third quarter net slipped 3.2%. Procter & Gamble falls on weak fourth quarter forecasts.
- Arthi Gupta
- 20 Jun, 2012
- New York City
U.S. stocks struggle ahead of Fed statement later today and G20 leaders focused on Europe and pledged to support and work together to arrest widening debt contagion. Procter & Gamble lowered fourth quarter guidance.
- Arthi Gupta
- 20 Jun, 2012
- New York City
The UK indexes traded higher as investors shifted focus to the Fed announcement later today after G20 leaders focused on the euro zone. UK jobless claims rose unexpectedly in May. AstraZeneca completed acquisition of Ardea Biosciences.
- Nigel Thomas
- 20 Jun, 2012
- New York City
Nikkei index in Tokyo rebounded sharply after a statement from the G20 lifted hopes for an action plan in the euro zone and speculators bid up stocks ahead of the U.S. Fed announcement later today. Investors turned attention to domestic companies as the yen stayed strong.
- Marcus Jacob
- 20 Jun, 2012
- New York City
Australian stocks closed higher and international events dominated local trading. News Corp offered $2 billion to acquire Consolidated Media and announced restructuring of its local operations. Resource sector stocks closed higher.
- Arthi Gupta
- 20 Jun, 2012
- New York City
German producer price inflation slowed more than estimated in May. Economic confidence in Sweden and Danish consumer confidence fell in June. Italian current account deficit narrowed in April.
- Arthi Gupta
- 20 Jun, 2012
- New York City
European markets cautiously traded higher on the optimism that banking industry integration will break the debt spiral in the highly indebted nations in the region. German producer price inflation eased more than estimated in May.
- Bikram Pandey
- 19 Jun, 2012
- New York City
U.S. stocks traded higher ahead of Fed meeting conclusion tomorrow on the hopes that the central bank may announce additional stimulus measures. European markets jumped as Spain completed its target bond offering but yields were near 7%. Markets in Asia recalibrated and trimmed gains.
- Mukesh Buch
- 19 Jun, 2012
- New York City
Discover Financial second quarter dropped 11% to $537 million and FedEx fourth quarter net slides 1% to $550 million. InterDigital sells patent applications to Intel for $375 million in cash. Oracle fourth quarter net soared 8% to $3.45 billion.
- Arthi Gupta
- 19 Jun, 2012
- New York City
The UK indexes surged more than 1% and annual inflation eased to a 30-month low in May and home prices increased in April. Cable & Wireless secured shareholders approval for the
- Arthi Gupta
- 19 Jun, 2012
- New York City
U.S. indexes gained and housing starts fell. Walgreen agreed to acquire 45% stake in Alliance Boots for $6.7 billion. Air Products agreed to buy stake in Chile-based Indura for $884 million. Brookfield Office agreed to purchase office buildings in London for $829 million. Oracle net rose 8%.
- Arthi Gupta
- 19 Jun, 2012
- New York City
Walgreen Co. and Alliance Boots GmbH entered into a strategic transaction that will create a global pharmaceutical leader with 11,000 stores in 12 countries and presence in 25 nations and 370 distribution centers and serve 170,000 pharmacies.
- Nigel Thomas
- 19 Jun, 2012
- New York City
Stocks in Japan trimmed half the gains of Monday after investors focused on the widening contagion in the euro zone. Sharp Corp gained on the hopes that Hon Hai may increase its stake in the company. Steelmakers fell on the price decline worries.
- Arthi Gupta
- 19 Jun, 2012
- New York City
The European indexes rose after Samaras inched closer to forming a coalition government in Greece and Spain sold