- Arthi Gupta
- 22 Dec, 2010
- New York City
U.S. stock futures declined after third quarter GDP expanded at 2.6% but mortgage refinancing activity fell. TD Bank acquired Chrysler Financial for $6.3 billion. Jacobs Engineering agreed to buy Aker Solutions'' business unit for $675 million. Teradata agreed to acquire Aprimo for $525 million.
- Chandrasekhar Atreya
- 22 Dec, 2010
- New York City
Shanghai stock indexes dropped 1% after Korea announced a plan to conduct second live-military exercise on Monday. China increase retail energy prices again. State-Grid of China acquires seven power distributors in Brazil with a 30-year license to operate the power lines for $1 billion.
- Arthi Gupta
- 15 Dec, 2010
- New York City
The UK indexes dropped after banking stocks fell. The UK retail sales and unemployment rate rose. U.S.-based Simon Property raised bid offer to about
- Arthi Gupta
- 15 Dec, 2010
- New York City
The European indexes slid after Moody
- Arthi Gupta
- 15 Dec, 2010
- New York City
U.S. stocks fell after mortgage refinancing declined but inflation rose. The U.S. Senate voted in favor of a bill to extend the Bush-era tax cuts. HP inked $1.4 billion infrastructure technology outsourcing contract with E.ON. Simon Property raised bid offer to
- Mukesh Buch
- 15 Dec, 2010
- New York City
Oil refiners and marketers rose after a retail price increase. Manganese Ore Limited surges on its first day of trading. Reliance Communications struck deal with China Development Bank for $1.93 billion. Ambalal Sarabhai Enterprises Ltd faces delisting.
- Chandrasekhar Atreya
- 15 Dec, 2010
- New York City
Mumbai stocks declined after oil companies raised fuel prices. Lanco Infratech acquires Griffin Coal of Australia. Manganese Ore India Ltd surged 51% on its first day of trading. Anil Dhirubhai Ambani Group companies finalize $3 billion of loans with Chinese banks.
- Chandrasekhar Atreya
- 15 Dec, 2010
- New York City
Tokyo stocks moved in a narrow range as investors focused on weaker yen and stronger than expected U.S. retail sales. Business confidence slips for the first time after seven quarters. Eco-point applications for purchase of energy-efficient appliances surge 40% in November.
- Chandrasekhar Atreya
- 15 Dec, 2010
- New York City
China key stock indexes drop on inflation worries and the fast developing nation is expected to revised inflation target next year to 4% from the current target of 3%. Foreign direct investment surges to record in November.
- Chandrasekhar Atreya
- 15 Dec, 2010
- New York City
Stocks in Australia were flat and four large banks were in focus. Competition regulator approves Singapore Exchange
- Bikram Pandey
- 14 Dec, 2010
- New York City
Federal Reserve left its target rate range on hold and left its U.S. bonds buying program intact. The Fed noted that slow economic recovery is insufficient to lower unemployment. Stocks turned after the expected rate decision. Best Buy Co plunged after the retailer guided weak outlook.
- Arthi Gupta
- 14 Dec, 2010
- New York City
The UK indexes edged higher tracking rising commodities prices. The UK inflation soared and home price index improved in November. BP agreed to sell Pakistan assets to China based United Energy Group for $775 million. Imagination Technologies net surges 93%.
- Mukesh Buch
- 14 Dec, 2010
- New York City
Best Buy Co, third quarter revenue decreased 1.1% to $11.89 billion. Edwards Lifesciences estimates fiscal year 2011 underlying sales growth of 11% to 15%. Sanderson Farms, fourth quarter net sales increased 13% to $529.1 million. The Pantry, fourth quarter revenues increased 12% to $1.95 billion.
- 123jump.com Staff
- 14 Dec, 2010
- New York City
The women''s specialty retailer net quarterly sales increased 9% to $505.28 million on comparable-store sales rise of 11.7%. Net income in the quarter surged 1069% to $24.20 million. Earnings soared to 41 cents per share compared to 3 cents per share in the prior-year quarter.
- Arthi Gupta
- 14 Dec, 2010
- New York City
The European indexes fell after euro area industrial production improved in October. Italian Prime Minister Silvio Berlusconi narrowly won vote of confidence. German manufacturing employment declined but investor confidence improved. French inflation remained flat in November.