- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 22 Jul, 2010
- New York City
U.S. indexes surged after Caterpillar, eBay, United Parcel Services Inc and AT&T reported better than expected earnings. Earnings in Europe also were ahead of expectations. Crude oil and gold led the rally in commodities markets. Market indexes in Europe, Latin America and U.S. soared more than 2%.
- Chandrasekhar Atreya
- 22 Jul, 2010
- New York City
Stocks in Australia traded lower on the weakness in banks and cautious outlook on the economy. Business confidence in Australia plunges in June quarter. Dart Energy starts trading in Sydney. Billabong seeks $800 million syndicated banking facility.
- Chandrasekhar Atreya
- 22 Jul, 2010
- New York City
Stocks in Japan fell for the fifth day in a row hurt by a stronger yen. Policy makers express concern about the recent rise in yen. Elpida Memory and Spansion Inc renew a five year agreement. Finnowave Investments aims to quadruple assets in its hedge fund.
- Chandrasekhar Atreya
- 22 Jul, 2010
- New York City
Stocks in China rallied for the fourth day. Baidu estimated third quarter revenue to surge 77%. Motorola sues rival Huawei for stealing trade secrets. Dalian oil spill extends leading to closing of beaches on Yellow Sea. Corning plans to invest $800 million in a factory in Beijing.
- Chandrasekhar Atreya
- 22 Jul, 2010
- New York City
Stocks in Mumbai gained led by steelmakers. The latest read on inflation shows a double digit increase. India looks to buy BP stakes in Vietnam. Power Grid gets the ministers nod for 20% stake sale. Dabur is in talks with Turkey
- Arthi Gupta
- 22 Jul, 2010
- New York City
U.S. stocks rebounded after eBay profit soared 26%. Federal Reserve Chairman Ben Bernanke said that the outlook for the economy is ""unusually uncertain."" President Barack Obama signed into law the Financial Regulation Reform Bill. U.S. weekly jobless claims rise 37,000 to 464,000. GM agrees to acquire AmeriCredit for $3.5 billion.
- Arthi Gupta
- 22 Jul, 2010
- New York City
The European markets advance after better-than-expected economic data in the region. The IMF approves
- Arthi Gupta
- 22 Jul, 2010
- New York City
SLM Corporation led the decliners in the S&P 500 index with a loss of 0.09%. 3M net income rises 43% and boost profit outlook. Baidu''s second quarter profit jumps 118.5%. Xilinx profit spikes as sales rise 58%. ABB''s second quarter profit declines 8%. AT&T profit climbs 25% in second quarter.
- Arthi Gupta
- 22 Jul, 2010
- New York City
The UK indexes rose boosted by an increase in retail sales. The BoE Chief Economist Dale notes growth and inflation outlook bleak. The UK retail sales rise 0.7% and car production increases in June.
- Arthi Gupta
- 21 Jul, 2010
- New York City
Reckitt Benckiser agrees to acquire SSL International in a deal valued at
- Arthi Gupta
- 21 Jul, 2010
- New York City
The UK indexes gained and the BoE left key interest rate at 0.5%. The UK public sector employment may drop in the next six months. Dana increases strategic position offshore Nile delta. Reckitt Benckiser agrees to acquire SSL for
- Mayank Mehta
- 21 Jul, 2010
- New York City
Harley-Davidson, Inc. led gainers in the S&P 500 index with a rise of 13.6%. Apache to offer 21 million shares of common stock and $1.1 billion of mandatory convertible preferred stock. Juniper posts higher profit on 24% gain in sales. Apple earnings soar in third quarter. Yahoo net rises 51%.
- Arthi Gupta
- 21 Jul, 2010
- New York City
The European markets rose after Apple Inc. reported quarterly earnings growth of 78%. Fitch Ratings expresses concern over European funding conditions. The Swiss National Bank estimates loss in euro investments in the first half of 2010. EU is close to finalizing an aid of
- Arthi Gupta
- 21 Jul, 2010
- New York City
U.S. stocks trade higher after Apple Inc. third quarter net soared 78%. U.S. Senate extends unemployment benefits. IBM completes acquisition of BigFix. BP agrees to sell North America and Egypt asset deals with Apache.
- Chandrasekhar Atreya
- 21 Jul, 2010
- New York City
Stocks in Mumbai gained for the first time in three days. NMDC plans to invest $5 billion in capacity expansion. Hindustan Media ventures closed 8% higher on its first day of trading. MMTC rises after fixing record date for stock-split and bonus.