- Chandrasekhar Atreya
- 24 Aug, 2010
- New York City
Stocks in Australia fell on continuing election uncertainty. Melbourne water supply eases. AWB shareholders back takeover by Agrium Inc. Mako shares debuts strongly. Macarthur Coal Ltd is looking to raise A$450 million and annual earnings declined 26%.
- Nigel Thomas
- 23 Aug, 2010
- New York City
U.S. stocks search for direction and close lower in the final minutes. Merger activities in the U.S., Europe and Asia heat up and lift sentiment in the morning. Nikkei Stock Average in Japan dropped to the low for the year as the yen hover near recent high.
- Arthi Gupta
- 23 Aug, 2010
- New York City
The UK indexes rose after HSBC agreed to buy a majority stake in Nedbank Group. BP announced open water fishing operations. Verizon Wireless completed the acquisition of Centennial Communications assets.
- Arthi Gupta
- 23 Aug, 2010
- New York City
The European indexes gained on merger and acquisition-related reports and a rise in mining stocks. The Bundesbank President Axel Weber noted modest euro area growth revisions. Euro area private sector growth slackened in August. German manufacturing dropped in August.
- Arthi Gupta
- 23 Aug, 2010
- New York City
U.S. stocks advance as mergers and acquisitions heat up. Singapore inflation soared to 3.1%. Potash Corp rebuffed BHP''s renewed $130 per share acquisition bid and Sinochem may join the fray. HP agreed to acquire 3PAR for $24 per share. HSBC offered to buy majority stake in Nedbank Group.
- Bikram Pandey
- 23 Aug, 2010
- New York City
3PAR soared 40% after Hewlett Packard offered 33% premium to Dell bid. BHP Billiton and Rio Tinto Group increased after hung Parliament election in Australia raised the prospect of mining tax cancelation. Warner Chilcott added 3% after it announced special dividend.
- Chandrasekhar Atreya
- 23 Aug, 2010
- New York City
Stocks in Mumbai traded sideways. Maruti Suzuki may be forced to limit exports as the domestic market demand surges and the automaker struggles with a market share decline. Foreign investment in real estate projects in India soars 60-fold in the last five years.
- Chandrasekhar Atreya
- 23 Aug, 2010
- New York City
Stocks in China dropped marginally after trading higher in the morning. India gives clearance to two Chinese telecom companies to supply equipment. Sinopec, the largest refiner said first half net profit increased 6.7%. Everbright Securities plan to sell 12% stake in its asset management venture.
- Chandrasekhar Atreya
- 23 Aug, 2010
- New York City
The benchmark index Nikkei declined to the low for the year after government did not indicate any steps to stem the recent rise in the yen. Same store sales at supermarkets and convenience stores drop. Itochu Corp helps Indian farmers to shift to organically grown cotton.
- Chandrasekhar Atreya
- 23 Aug, 2010
- New York City
Stocks in Australia stagnated after election results raised the prospect of a minority government. The ruling party needed support of four independents to form a government. Lihir Gold shareholders back takeover plan by Newcrest Mining.
- 123jump.com Staff
- 23 Aug, 2010
- New York City
The networking solutions provider revenues dipped 1.1% to $501 million in the quarter. Net quarterly income generated was $22.4 million helped by the absence of acquisition-related impairment charges. The company earned 5 cents a share compared to a loss of 17 cents a share the prior-year quarter.
- 123jump.com Staff
- 21 Aug, 2010
- New York City
The aerospace and defense company reported second quarter revenue fell 9% to $15.57 billion. Net quarterly income slumped 21% to $787 million. Earnings per share dropped to $1.06 from $1.41 a year-ago quarter.
- Bikram Pandey
- 20 Aug, 2010
- New York City
U.S. stocks generally closed lower as the prospect of economic recovery appear slower than estimated and job market struggles. Mixed earnings also failed to lift market sentiment. Crude oil, copper and gold edged lower. European markets dropped more than 1% for the second day and in Asia lost 1.5%.
- Nigel Thomas
- 20 Aug, 2010
- New York City
U.S. stocks traded lower for the second day after unemployment claims rise and election rhetoric heats up. Hewlett Packard led the decliners in the Dow with a loss of 2.2% after the earnings Dell Inc net gained 16%. Ann Taylor Stores sales swings to a quarterly profit on 2% rise in sales.
- Arthi Gupta
- 20 Aug, 2010
- New York City
The UK indexes dropped after a fall in resource stocks. KNOC makes a hostile offer of