- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 Jul, 2010
- New York City
The European markets soar amidst hopes that BP Plc is making significant progress to contain the oil spill. Fitch affirms Denmark IDRs at ''AAA'' and stable outlook. Greek import prices growth slow in May. Portugal CPI edges higher in June.
- Mayank Mehta
- 12 Jul, 2010
- New York City
Hewitt Associates, Inc. led gainers in the S&P 500 index with a rise of 32.9%. Alliance Data stock worth less than $30. Paychex CEO resigns to pursue other interests. The Shaw Group net income rises sharply.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 Jul, 2010
- New York City
U.S. stocks fall ahead of the earnings season. Hewitt Associates to merge with Aon Corp. MRC Technology enters into an exclusive license agreement with Genentech. BP Plc oil spill containment costs rise to $3.5 billion.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 09 Jul, 2010
- New York City
The UK indexes climb on better-than-expected U.S. jobless claims. UK wholesale inflation increased 5.1% in June and trade deficit widened in May. U.S. government urges BP Plc for oil spill containment plans. Sembcorp completed tender offer for Cascal shares. Vallar raised $1.07 billion in offering.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 09 Jul, 2010
- New York City
The European markets extend gains on positive U.S. economic data. The ECB President Trichet approves bank stress tests. The OECD composite leading index rises in May. French industrial production rebounds in May. German CPI inflation confirmed at 0.9% in June.
- Mayank Mehta
- 09 Jul, 2010
- New York City
Discovery Communications Inc. led the decliners in the S&P 500 index with a loss of 9.4%. Big 5 Sporting Goods cuts view and shares fall 8%.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 09 Jul, 2010
- New York City
U.S. stocks trade sideways on speculation of the earnings season next week. The IMF highlighted U.S. economic recovery is well established. The federal appeals court rejected government bid to reinstate drilling ban. Air Products raised Airgas offer to $63.50 a share. China renews license of Google.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 08 Jul, 2010
- New York City
The IMF lifts global growth outlook for 2010 to 4.6%. The Bank of England retains key interest rate of 0.5% and
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 08 Jul, 2010
- New York City
The European markets extend gains after the International Monetary Fund lifts global growth forecast for 2010. The European Central Bank and Bank of England keep interest rates flat at 1% and 0.5% respectively. French business sentiment declines in June. German industrial production surges in May.
- Mayank Mehta
- 08 Jul, 2010
- New York City
H&R Block, Inc. led the decliners in the S&P 500 index. Limited Brands June same-store sales rise 6%. Apple Inc. opens launches retail chain in Shanghai. Sun Bancorp announces $100 million equity investment. Retailer TJX ups forecast as June same-store sales rise.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 08 Jul, 2010
- New York City
U.S. stocks trade sideways and the latest weekly jobless claims declined to 454,000. The IMF lifts global growth outlook for 2010 to 4.6%. Time Warner prices $3 billion debt offering. The Bank of England retains key rate at 0.5% and the European Central Bank left the rate at 1%.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 07 Jul, 2010
- New York City
The UK indexes traded higher in a choppy trading after latest read on food prices and retail prices showed a decline. Shire Plc gets US regulatory approval of hyper activity disorder treatment. Smiths Group enters into deal with the trustees of its two pension schemes.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 07 Jul, 2010
- New York City
European markets advance on the gains in banks.. EU confirms euro-zone first quarter GDP grows 0.2%. German factory orders decline in May. Greek inflation slackens in June. Total E&P Canada agrees to buy UTS Energy.
- Mayank Mehta
- 07 Jul, 2010
- New York City
Discovery Communications Inc. led gainers in the S&P 500 index with a rise of 14.2%. Family Dollar profit up 19%. Bebe shares up 9% on PH8 closings and dividend. Cree and Philips sign comprehensive LED patent cross-license agreement. Kraft to sell Cadbury confectionery unit.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 07 Jul, 2010
- New York City
U.S. stocks trade lower following weaker-than-expected economic data. U.S. mortgage applications surge on refinancing. Sweden-based Hexagon agrees to buy U.S.-based Intergraph for $2.13 billion.