- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 14 May, 2010
- New York City
The euro touched an 18-month low on concerns that the austerity measures in the euro-zone may slow growth. EADS NV and Banca Monte dei Paschi di Siena SpA report lower profits.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 14 May, 2010
- New York City
U.K. stocks fall as investors seek refuge in safe-haven currencies. Investors are still jittery about the debt crisis in Europe and the sufficiency of the $1 trillion package to the EU region. Monthly average price of residential property rises. Wolseley plc doubles trading profit.
- Mayank Mehta
- 14 May, 2010
- New York City
Newmont Mining Corporation led gainers in the S&P 500 index with a rise of 1.8%. ITC affirms. Dillard''s net income jumps by six fold. Blockbuster swings to quarterly loss of $67.1 million. Nordstrom profit increases 43% on same-store sales gains.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 14 May, 2010
- New York City
U.S. stocks decline following losses in Europe and gold surged to a record high. U.S. economic data pointed improving conditions with retail sales rising 0.4% in April. Noranda Aluminum slashes IPO by 66%. CA Inc, Nordstrom and JC Penney report higher earnings.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 14 May, 2010
- New York City
Stocks in Shanghai dropped today and for the year declined more than 20%. China plans to encourage private investment in hospitals, community health services. Poly Real Estate''''s contracted sales rise 16.2% in the year to April. Hedge fund manager Soros took a stake in Alibaba.com.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 14 May, 2010
- New York City
India plans debt fund for infrastructure development. OVL inks agreement with Venezuela for oil exploration. Aban Offshore falls as Venezuela says Rig-Sinking is being probed. State Bank of India said fourth quarter net declined 32%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 14 May, 2010
- New York City
Nikkei Stock Average declined 1.5% today and dropped 0.9% in the week. Shinsei, Aozora Bank merger proposal scrapped. Mizuho Financial Group profit soars to 239.4 billion yen. Sumitomo Mitsui Financial Group annual profit climbs to 271.5 billion yen in 2009.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 14 May, 2010
- New York City
Stocks fell ahead of release of key indices data next week. Healthscope receives A$1.74 billion bid. Gindalbie raises A$175 million for iron ore project. The Australian dollar decreased 0.1% to 89.44 U.S. cents.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 13 May, 2010
- New York City
U.S. stocks closed higher after banks fell on the investigation from regulators. Disappointing earnings report from retailers and a 3-day rally in stocks exhausted appetite for stocks in trading. Dollar continued to gain ground against the euro and crude oil declined.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 13 May, 2010
- New York City
Stocks in Shanghai and Hong Kong gained as investors returned. Domestic earnings, calmer European markets and positive economic data in the U.S. encouraged investors. PetroChina plans to issue 40 billion yuan bonds. Tencent revenues grow 69% in first quarter. Gemdale said April sales rise 22%.
- 123jump.com Staff
- 13 May, 2010
- New York City
German software maker SAP AG agreed to acquire Dublin, California-based software company Sybase Inc for $5.8 billion in an all cash deal to improve sagging sales by using Sybase
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 13 May, 2010
- New York City
European indices closed higher on strong earnings and on the easing of fears about the EU debt crisis. SAP agrees to acquire Sybase for $5.8 billion. Credit Agricole SA first-quarter profit rises. Telefonica first quarter profit increases 2%. Cap Gemini SA proposes share repurchase program.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 13 May, 2010
- New York City
U.K. stocks gain on commodity prices and positive earnings momentum. Coalition government takes first step to curb budget deficit. UK trade deficit rises in March and mortgage repossessions falls in first quarter. Tullett Prebon said takeover talks terminated.
- Mayank Mehta
- 13 May, 2010
- New York City
Cisco Systems, Inc led the decliners in the S&P 500 index with a loss of 3.4% after it reported quarterly profit increase of 63%. SAP AG agrees to acquire Sybase for $5.8 billion. Whole Foods quarterly sales increased 13% and net surged 147%. Urban Outfitters quarterly net rose 72%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 13 May, 2010
- New York City
The benchmark index in Australia gained after the release jobs report. Job growth accelerates as Australia adds 33,700 jobs in April. Optus annual profit soars 16% to A$676 million.