- Arthi Gupta
- 15 Oct, 2012
- New York City
CNH Global rebuffs Fiat''s buyout proposal as inadequate. H & M September total sales increased 15%. Hydro and Orkla agreed to form the largest aluminum solutions provider.
- Bikram Pandey
- 12 Oct, 2012
- New York City
Stocks on Wall Street declined in choppy trading on earnings worries and ongoing sovereign debt crisis in the euro zone. For the week, the S&P 500 index declined 2.2% and the Nasdaq Composite index fell 2.9%. U.S. Treasury said fiscal 2012 deficit declined to $1.089 trillion.
- Arthi Gupta
- 12 Oct, 2012
- New York City
U.S. indexes rose after JPMorgan and Wells Fargo reported upbeat earnings. U.S producer prices rose in September. Ecolab agreed to acquire Champion Technologies for $2.2 billion. Ares Management to acquire majority stake in Smart & Final for $975 million.
- Arthi Gupta
- 12 Oct, 2012
- New York City
The European indexes declined after the euro zone production rose unexpectedly and UK construction output slumped in August. Spanish and Italian yields fell.
- Maureen Salinas
- 11 Oct, 2012
- New York City
Crude oil jumped after Turkey forced Air Syria fight with 35 passengers to land in Ankara and claimed it found Russian military equipment and armament. SoftBank is reportedly in discussion with SprintNextel that may lead to a $15 billion deal.
- Arthi Gupta
- 11 Oct, 2012
- New York City
U.S. indexes climbed after jobless claims decreased 30,000 to 339,000, trade deficit widened in August and foreclosure filings declined in the third quarter. Wal-Mart targeted sales increase between 5% and 7% in fiscal 2014.
- Arthi Gupta
- 11 Oct, 2012
- New York City
Telenor ASA, the Norway-based telecommunication company said it has reached an agreement with its Indian wireless joint venture partner Unitech Ltd. to amicably settle all disputes between the two parties.
- Arthi Gupta
- 11 Oct, 2012
- New York City
The European indexes gained more than 1% and Spanish debt was downgraded to near junk level. Italian three-year bond yields rise in auction. German consumer prices climbed in September and Greek jobless rate rose to a new record in July.
- Arthi Gupta
- 11 Oct, 2012
- New York City
ING agreed to sell its insurance operations in Malaysia to AIA for
- Bikram Pandey
- 10 Oct, 2012
- New York City
Stocks on Wall Street were on the defensive for the fourth day in a row as world economic outlook weakened and the euro zone struggles with the rising debt tensions and the U.S. drifts towards a fiscal cliff. Alcoa, Chevron and Cummings were in focus.
- Arthi Gupta
- 10 Oct, 2012
- New York City
The UK indexes traded lower but gross domestic product grew 0.8% in the three months to September. Danaher and Cooper agreed to sell Apex Tool to Bain Capital for $1.6 billion.
- Maureen Salinas
- 10 Oct, 2012
- New York City
U.S. indexes fell and wholesale inventories rose in August. Toshiba agreed to acquire Shaw Group''''s stake in Westinghouse for $1.60 billion and Cytec agreed to divest its coating resins business to Advent. Bain Capital agreed to buy Apex Tool for $1.6 billion.
- Arthi Gupta
- 10 Oct, 2012
- New York City
The European indexes edged lower on the escalating fiscal worries in the region. Italy raised
- Arthi Gupta
- 10 Oct, 2012
- New York City
BAE Systems and EADS decided to terminate their merger discussions on political obstacles and the prospect of losing defense business in the U.S. Lufthansa passenger traffic rose in September.