- Bikram Pandey
- 20 Dec, 2010
- New York City
World markets traded sideways. U.S. indexes declined as the euro slid after Irish banks faced another round of downgrade and Asian markets declined on the rising tensions between Koreas. Merger Monday saw Qualcomm Inc agreed to sell its wireless spectrum for $1.93 billion to AT&T Inc.
- Arthi Gupta
- 20 Dec, 2010
- New York City
The UK indexes climbed after mortgage lending declined in November. Alberto Culver stockholders approved merger with Unilever. Ladbrokes proposed to buy 888 Holdings.
- Mukesh Buch
- 20 Dec, 2010
- New York City
Chesapeake Energy surged after activist investor Carl Ichan lifted his stake in the company. Ultrapetrol Bahamas declined after the company plans to sell convertible notes of $60 million. Sunstone Hotel Investors dropped as much as 6% ater chief executive resigned.
- Arthi Gupta
- 20 Dec, 2010
- New York City
The European indexes climbed after euro-zone current account deficit narrowed in October. German producer price index rose. French leading index climbed. The OECD noted that Spain needs to improve government finances and job creation. Hungary unexpectedly hiked key rate.
- Arthi Gupta
- 20 Dec, 2010
- New York City
U.S. stock futures gained after tensions escalated in the Korean peninsula. Sara Lee contemplated selling itself to Brazil-based JBS for more than $10 billion. eBay agreed to acquire Germany-based brands4friends for about $200 million. Australia based Perpetual ended takeover talks with KKR.
- Mukesh Buch
- 20 Dec, 2010
- New York City
EIH Limited received the regulatory approval for nearly $300 million rights issue. IDFC agreed to sell 25% stake to France based Natixis Asset Management. Tata Chemicals UK arm agreed to acquire UK based British Salt.
- Chandrasekhar Atreya
- 20 Dec, 2010
- New York City
Mumbai stocks gained in the evening aided by gains in automobile and technology stocks. Tata Chemicals agreed to acquire British Salt for ₤90 million. Indians now holds about 18,000 tons of gold, world
- Chandrasekhar Atreya
- 20 Dec, 2010
- New York City
China key stock indexes drop on concerns of Korean tensions and rising debt crisis in Europe. Profits at state-owned enterprises surged 43% till November. Changsha Zoomlion Heavy Industry places priced its public offering in Hong Kong at the lower end of its price range.
- Chandrasekhar Atreya
- 20 Dec, 2010
- New York City
Tokyo stocks dropped the most in a month on a stronger yen against the euro damping outlook for exporters. Rising tensions in the Korean peninsula contributed to the market jitters. Crude steel production is expected to stay flat in 2011.
- Chandrasekhar Atreya
- 20 Dec, 2010
- New York City
Stocks in Australia fell as the markets in the region declined after South Korea conducted live military exercises. Australian retailers face the bleakest holiday season as consumers seek deals overseas online. Australia released the much awaited broadband report. Crane Group, the building products company, rejects the hostile offer of Fletcher Building.
- Bikram Pandey
- 17 Dec, 2010
- New York City
U.S. retailers were in focus as investors revise higher holiday sales expectations. The index of leading indicators increased in November as economic momentum builds. AT&T lifted dividend 2.4% and planned to buyback 300 million shares. For the week, the Dow up 0.8% and the S&P 500 added 0.4%.
- Arthi Gupta
- 17 Dec, 2010
- New York City
The UK indexes declined after Moody
- Mukesh Buch
- 17 Dec, 2010
- New York City
Accenture, first quarter total revenues increased 13% to $6.48 billion. ITT Corp., forecast total revenue for fiscal 2011 approximate $11 billion. Oracle, second quarter revenues surged 47% to $8.58 billion. Research In Motion, third quarter revenue increased 40% to $5.49 billion.
- Arthi Gupta
- 17 Dec, 2010
- New York City
The European indexes fell after euro-zone trade surplus exceeded in October. The EU decided to set up a permanent bailout mechanism. German business confidence rose in December. The IMF noted recovery in the Danish economy.
- Arthi Gupta
- 17 Dec, 2010
- New York City
The U.S. Congress voted in favor of the tax cut bill. The EU agreed on permanent rescue fund. American Express agreed to acquire Munich-based Loyalty Partner. BMO Financial acquired Marshall & Ilsley for $4.1 billion.