- Nigel Thomas
- 20 Aug, 2012
- New York City
Stocks in Japan traded mixed and domestic economy linked companies were favoured in thin trading. Home prices in China gained, dashing any hopes of additional government stimulus. The discount retailer Don Quijote surged 5% on higher estimated earnings.
- Marcus Jacob
- 20 Aug, 2012
- New York City
Australian stocks closed lower and investors focused on defensive stocks ahead of meetings of European leaders later in the week. Telstra and CBA traded ex-dividend. Bendigo and Adelaide Bank said annual net dropped 43%.
- Mukesh Buch
- 20 Aug, 2012
- New York City
Aetna agreed to buy Coventry Health for $5.7 billion and FMC Technologies agreed to acquire Pure Energy for C$282 million. Kinder Morgan said it sold natural gas pipe networks and facilities for $3.3 billion. Lowe''s declined on weak outlook.
- Arthi Gupta
- 20 Aug, 2012
- New York City
On merger Monday, Aetna agreed to acquire Coventry Health Care for $7.3 billion, including debt. FMC agreed to buy Pure Energy Services for $285 million. Kinder Morgan Energy Partners agreed to sell its Rockies assets for $3.3 billion.
- Arthi Gupta
- 20 Aug, 2012
- New York City
The European indexes rose and the ECB may set yield limits for sovereign bonds. Construction output in the euro zone fell in June. UK home prices slumped in August. Heineken raised its offer to acquire Fraser & Neave''s stake in Asia Pacific Breweries.
- Bikram Pandey
- 17 Aug, 2012
- New York City
U.S. indexes extended gains for the sixth week in a row on improving consumer confidence and economic conditions. S&P 500 index is up 12.8% in the year and the Nasdaq Composite is up 17%. Facebook, Groupon and Zynga dropped to new lows after more stocks are available for trading.
- Nigel Thomas
- 17 Aug, 2012
- New York City
The Nikkei index gained more than 3% for the second week in a row after investors covered short positions and the yen weakened. Japan Tobacco was volatile for the third day in a row after China proposed tobacco advertising ban and higher taxes.
- Marcus Jacob
- 17 Aug, 2012
- New York City
Australian markets indexes surged 0.9% on stronger local earnings and improving sentiment in the euro zone. ANZ reported first half profit increased 9%. QBE net surged but stock dropped on weaker outlook in the U.S.
- Mukesh Buch
- 17 Aug, 2012
- New York City
Ann second quarter net climbed 24% and Foot Locker net jumped 60%. Hibbett Sports net surged 33%. Marvell Technology third quarter net plummeted 52% to $93.1 million and J. M. Smucker net slid. Gap second quarter net soared 29% to $243 million.
- Arthi Gupta
- 17 Aug, 2012
- New York City
U.S. and global indexes traded higher after comments from German Chancellor Angela Merkel. Illinois Tool Works agreed to divest a 51% stake in its unit for $1.1 billion. Foot Locker net soared in the second quarter.
- Arthi Gupta
- 17 Aug, 2012
- New York City
Swiss Life first-half profit from operations rose 17% driven by operational advances and a strong investment result. Nokia planned to integrate social games from Zynga in the third quarter.
- Arthi Gupta
- 17 Aug, 2012
- New York City
The European indexes gained on positive comments from German Chancellor Angela Merkel. Euro zone current account and trade surplus rose in June. German producer price inflation eased to a two-year low in July. Swiss Life first-half profit from operations rose 17%.
- Bikram Pandey
- 16 Aug, 2012
- New York City
The latest read on housing market and jobless claims added to the string of improving U.S. economic data. Stocks were higher after the largest networking equipment maker Cisco reported better than expected earnings Facebook extended the loss to a 60% plunge from the IPO price.
- Nigel Thomas
- 16 Aug, 2012
- New York City
Stocks in Japan gained and the benchmark index Nikkei closed at a 6-week high after the yen fell. Comments from Chinese premier and the weakness in the yen prompted a sharp reversal in exports linked companies.
- Marcus Jacob
- 16 Aug, 2012
- New York City
Australian stocks surged after the latest batch of earnings lifted sentiment. Coles supermarket division of Wesfarmers reported a surge in sales and earnings. Wealth manager AMP reported 7% increase in first half sales. However, the exchange operator ASX said annual net declined 4%.