- Arthi Gupta
- 03 Jan, 2011
- New York City
U.S. indexes traded higher on the rising economic expectations and stronger than expected retail sales. Facebook raised $500 million in the latest round that valued the company at $50 billion. CVS agreed to acquire Universal American''s Medicare unit for $1.25 billion.
- Mukesh Buch
- 03 Jan, 2011
- New York City
Bank of America agreed to pay more than $2.6 billion Freddie Mac and Fannie Mae to settle the claims. Calavo Growers revenue soared 32% to $107.2 million. Dollar Financial agreed to acquire Purpose U.K. Holdings and Sefina Finance AB. Torchmark closed sale of wholly owned subsidiary at $648 million.
- Bikram Pandey
- 31 Dec, 2010
- New York City
World markets were subdued on the last day of trading. Commodities surged as copper and gold touched record highs and silver reached three decade peak. Emerging markets outperformed the developed markets with Peru, Indonesia, Philippines, Turkey, Russia and India leading.
- Mukesh Buch
- 31 Dec, 2010
- New York City
Biglari increased proposal to acquire all outstanding shares of Fremont Michigan. Constellation Energy agreed to sell the 550 megawatt Quail. DirectTV and Hearst Corp struck a content deal. IMAX soared on a speculation Sony Corp. may bid $40 a share.
- Arthi Gupta
- 31 Dec, 2010
- New York City
The UK indexes dropped after home prices rose in December and for the year FTSE 100 index gained 9%.India-based Sahara Group bought Grosvenor House Hotel for
- Arthi Gupta
- 31 Dec, 2010
- New York City
European indexes diverged in 2010. Germany led the region with a gain of 17% and Greece led the decliners with a loss of 35%. UK index rose 9% but the index in France declined 3.4%. Russia and Turkey rose more than 22%.
- Arthi Gupta
- 31 Dec, 2010
- New York City
U.S. stock futures traded sideways on the last trading session of year 2010. Indexes in Indonesia, Philippines, India and South Korea led world markets. The U.S. Treasury raised its stake in Ally. Dynegy Board accepted $665 million buyout offer from Ichan controlled company.
- Chandrasekhar Atreya
- 31 Dec, 2010
- New York City
Stocks in Mumbai continued to rise for the third day in a row. The Sensex index gained 17.3% in 2010 as economy rebounded and international fund flows continued. Sahara Group acquired London based Grosvenor House for $726 million.
- Chandrasekhar Atreya
- 31 Dec, 2010
- New York City
Shanghai key benchmark index gains more than 2% for the day but lost 14.31% in 2010. Hang Seng index rose 5.3% in the year. China steps up scrutiny of recently sold but undeveloped land and seized at least two land parcels from developers. Non-ferrous metals international trade surged 46.5%.
- Chandrasekhar Atreya
- 31 Dec, 2010
- New York City
Australian benchmark stock index ends the day 1% down and for the year 2010 declined 2.57%. Rain havoc continues in Queensland forcing miners to invoke the emergency clauses for coal supplies. Dalrymple Bay expects to resume export of coal on the New Year day.
- 123jump.com Staff
- 31 Dec, 2010
- New York City
The membership warehouse club operator net sales increased 11% to $18.82 billion in the quarter. Net income for the quarter rose 17.3% to $312 million. Earnings grew to 71 cents per diluted share, compared to 60 cents per diluted share in the year-ago quarter.
- Bikram Pandey
- 30 Dec, 2010
- New York City
U.S. stocks traded lower as weekly jobless claims declined below 400,000 and the index of pending home resale increased 3.5% in November. Venezuela devalued bolivars against the dollar by 40%, the second devaluation in the year. Crude oil closed lower.
- Mukesh Buch
- 30 Dec, 2010
- New York City
MBIA Inc soared after two banks withdrew lawsuits. East West Bancorp surged after the bank repaid TARP funds. General Moly, China restricts rare-earth exports. Lockheed Martin won order of $437 million from US Navy. Qwest redeemed outstanding 3.5% convertible notes of approximately $1.1 billion.
- Arthi Gupta
- 30 Dec, 2010
- New York City
The UK indexes slid after home prices fell for a third straight month in November. WPP Digital agreed to acquire Blue State Digital. Balfour Beatty won infrastructure contracts in Hong Kong worth
- Arthi Gupta
- 30 Dec, 2010
- New York City
The European indexes declined after EuroCoin Indicator climbed in December. Swiss current account surplus improved in the third quarter. Spain current account deficit narrowed in October. Italian manufacturing sentiment rose in December.