- Arthi Gupta
- 14 Sep, 2012
- New York City
Euro area annual inflation increased to 2.6% in August but employment was stable in the second quarter. Hungarian production fell but Italian surplus rose in July. Spanish home prices slumped in the second quarter.
- Arthi Gupta
- 14 Sep, 2012
- New York City
Bayer agreed to acquire the U.S. animal health business of Teva for up to $145 million. Gerry Weber third quarter sales revenues climbed 22% to
- Arthi Gupta
- 14 Sep, 2012
- New York City
The European indexes soared after the U.S. Federal Reserve began the third round of stimulus action. Euro area annual inflation increased and net borrowing by Spanish banks rose in August. G20 gross domestic product growth slowed in the second quarter.
- Bikram Pandey
- 13 Sep, 2012
- New York City
The Federal Reserve opened a new round of unconventional measures to tackle the chronic high unemployment rate. The latest round of mortgage bond buying follows $2.3 trillion of bond purchase in the last two measures since November 2008. Financial markets gained. Gold added 2% and silver jumped 4%.
- Nigel Thomas
- 13 Sep, 2012
- New York City
Stocks in Tokyo closed higher and the yen firmed for the third day in a row. Shipping companies led the market gainers on the prospect of higher container rates. Murata Manufacturing, Meiko, Sumida and TDK surged after Apple released thinner and faster mobile phone.
- Mukesh Buch
- 13 Sep, 2012
- New York City
K12 Inc fourth quarter swung to profit. Perrigo to acquire privately held Sergeant''''s Pet Care Products Inc. for $285 million and the specialty retailer Pier 1 second quarter net surged 58%. Pall Corporation net slumped 12% to $86.2 million.
- Marcus Jacob
- 13 Sep, 2012
- New York City
Australian stocks declined in the final hour of trading after the third largest miner Fortescue Metals sought help of banks in restructuring its debts. Mining sector employment declined for the first time in three months to August by 4,600.
- Arthi Gupta
- 13 Sep, 2012
- New York City
U.S. indexes slid after weekly jobless claims rose more than estimated. U.S. producer prices and foreclosure filings climbed in August. FirstMerit agreed to acquire Citizens Republic Bancorp for $912 million.
- Arthi Gupta
- 13 Sep, 2012
- New York City
Ace agreed to acquire Fianzas Monterrey for $285 million. EADS plunged 8% on merger talks with BAE Systems. Next first-half revenue rose 4.8% to
- Arthi Gupta
- 13 Sep, 2012
- New York City
Italy sold
- Bikram Pandey
- 12 Sep, 2012
- New York City
U.S. market indexes closed flat. Apple Inc released thinner and lighter iPhone that will operate on the fastest networks. The parent of Airbus and UK based BAE Systems are in merger talks. Two leading parties in Holland are struggling to gain a ruling majority.
- Mukesh Buch
- 12 Sep, 2012
- New York City
Chesapeake Energy sells its assets to Shell and Chevron for $6.9 billion. Globecomm lowered fiscal outlook. Mediware agreed to go private. PMFG net swung to loss. Texas Instruments lowered third quarter guidance.
- Nigel Thomas
- 12 Sep, 2012
- New York City
Stocks in Tokyo surged for the second day in a row after machinery orders increased and investors reacted positively to the comments from Chinese officials. Stocks in resource sector and linked to domestic economy were in favor. Oki Electric plunged 11%.
- Arthi Gupta
- 12 Sep, 2012
- New York City
U.S. indexes gained after Germany ratified the European Stability Mechanism. U.S. import prices rose less than estimated in August. The IEA revised global oil demand forecast for 2012 and 2013. Texas Instruments narrowed third quarter revenue outlook.
- Marcus Jacob
- 12 Sep, 2012
- New York City
Australian markets traded sharply higher and iron ore price jumped above $100 a ton. Mining companies gained after Chinese officials offered to increase stimulus if needed.