- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jun, 2010
- New York City
Stocks in China fell on a weakness in property developers as China tightens mortgage lending rules. Global worries also contributed to the weak sentiment after U.S. reported weaker than expected jobs data and rising worries in the euro-zone.
- Arthi Gupta
- 07 Jun, 2010
- New York City
Grifols and Talecris Biotherapeutics Holdings Corp. announced the signing of an agreement through which Grifols would purchase Talecris for a combination of cash and stocks for $3.4 billion or
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 07 Jun, 2010
- New York City
U.S. stocks rose after German factory orders increased in April. European markets cautiously traded higher as investors worry about Hungary''''s fiscal health. Spain-based Grifols agrees to acquire U.S.-based Talecris for $3.4 billion in cash.
- 123jump.com Staff
- 07 Jun, 2010
- New York City
Sales rose 57% to $1.55 billion and net income rose 5,728% to $816 million or 52 cents a share. . Quarter one gross margin was 47%, up from 42% in Q4 and 27% a year-ago. Effective tax rate was 2% in Q1 versus our expectation of 10%.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 04 Jun, 2010
- New York City
U.S. indexes plunged after a disappointing jobs data and weakness in the euro. The latest U.S. employment data showed weak private sector additions. The euro dropped to a four-year low after negative comments from Hungarian officials.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 04 Jun, 2010
- New York City
UK indexes fall on U.S. jobs data and comments from Hungarian officials. UK house prices drop 0.4% month-on-month in May. easyJet unveils ash detector to end large-scale disruption.
- Mayank Mehta
- 04 Jun, 2010
- New York City
Jacobs Engineering Group Inc. led the decliners in the S&P 500 index with a loss of 4.4%. Krispy Kreme quarterly profit surges. Quiksilver quarterly profit rises and sales decline. Hovnanian shares slip on order and revenue worries.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 04 Jun, 2010
- New York City
European stocks trade lower after disappointing jobs data from the U.S. and talks of a sovereign debt crisis in Hungary. The euro declined after comments from Hungarian officials. Euro-zone GDP expands 0.2% in the first quarter ending in March.
- Arthi Gupta
- 04 Jun, 2010
- New York City
Hungarian officials said the country''s budget was in ""much worse"" condition than the previous government had stated, raising new fears about sovereign debt burdens in Europe.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 04 Jun, 2010
- New York City
U.S. stocks fall after employment increases by 431,000 and unemployment rate declined to 9.7% in May on census jobs. The euro declined after comments from Hungarian officials. Finance ministers of G-20 nations meet in Korea to determine new capital requirements for banks.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 04 Jun, 2010
- New York City
Baoshan Iron & Steel Co, China
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 04 Jun, 2010
- New York City
The Reserve Bank of India needs to consider the credit crunch created after payment of license fees for 3G phone services drained cash from the system, said Kaushik Basu, Chief Economic Advisor in the finance ministry.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 03 Jun, 2010
- New York City
Australia
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 04 Jun, 2010
- New York City
Australian dollar fell after rising for two days as metal prices weakened. It traded at 84.60 U.S. cents at the end of the day in Sydney.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 04 Jun, 2010
- New York City
Japan elected fifth prime minister in four years. The political turmoil gripped the administration of Prime Minister Yukio Hatomaya after he failed to deliver on several campaign promises and lost support of his party and coalition partners.