- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 04 May, 2010
- New York City
U.K. stocks trade lower led by declining mining stocks on weak commodities prices and on sharply higher Australian taxes on resource companies. Pearson Plc agrees to sell IDC for $3.4 billion. Aberdeen Asset Management profits soar. BP Plc starts new well to cap Gulf leak.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 04 May, 2010
- New York City
Market indexes in Shanghai and Hong Kong declined after investors worried that an increase in bank reserve ratios may not be enough to stem real estate price increase. GD Midea to buy 32.5% stake in Egypt based MIRACO for $57.5 million. Petrochina to increase investment in Indonesia for energy.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 04 May, 2010
- New York City
Stocks in Mumbai traded lower after a rail strike in Mumbai affected trading. 3G wireless license auction is expected to fetch as much as $10 billion ahead of the government target of $8 billion.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 04 May, 2010
- New York City
U.S. stocks declined sharply on the worries that the recent bailout may not prevent financial crisis from spreading. Euro declined to $1.31 and Greek bonds fell. U.S. auto sales increased in April. UBS posted higher than expected earnings.
- Mayank Mehta
- 04 May, 2010
- New York City
Advanced Micro Devices, Inc led the decliners in the S&P 500 index with a loss of 6%. Principal Financial quarterly earnings surged 69% and Marathon Oil net income gained 62%. MasterCard quarterly net surged 24%. Pfizer net income declined 26%. Emerson second quarter profit rises 8%.
- Chandrasekhar Atreya
- 04 May, 2010
- New York City
Newcrest Mining Limited revised its offer for Papua New Guinea based Lihir Gold Ltd that values the miner at A$9.5 billion. The final offer is 41% premium from the date of first offer price. The merged company will be the fifth largest gold miner in the world.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 04 May, 2010
- New York City
Reserve Bank of Australia increased key lending rate by 25 basis points to 4.5%. Newcrest Mining revised its offer by 6.4% from the previous offer and 41% higher than the closing price at the time of first offer.
- 123jump.com Staff
- 03 May, 2010
- New York City
Stocks in New York traded higher after economic data suggested improving economic health and growing consumer income and spending. Apple Inc said it sold one millionth iPad by the end of April. Dollar Thrifty may get a better offer from Avis Budget Group.
- Mayank Mehta
- 03 May, 2010
- New York City
Stocks in Hong Kong closed lower after commodities declined and China raised bank reserve ratios. ICBC plans to start fund raising of as much as $12 billion next week. Swire Properties in a Hong Kong listing plans to raise $2.7 billion.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 03 May, 2010
- New York City
Euro-area ministers agreed to a
- Mayank Mehta
- 03 May, 2010
- New York City
SanDisk Corporation led gainers in the S&P 500 index with a rise of 4.9%. Administaff, Inc first quarter sales fall 1% but still reported higher than expected profit. Dollar Thrifty soars after Avis said it is prepared to offer more than Hertz
- Arthi Gupta
- 03 May, 2010
- New York City
Avis Budget Group in a letter to Dollar Thrifty Automotive Group said it is prepared to make a substantially higher offer. Dollar Thrifty stock soared 14%.
- Chandrasekhar Atreya
- 03 May, 2010
- New York City
UAL Corp, the parent of United Air and Continental agreed to merge that will create the largest domestic carrier with market share of 21%. The deal is expected to cut capacity on many routes that will increase fares. The deal faces many hurdles but is expected to be complete by the end of the year.
- Arthi Gupta
- 03 May, 2010
- New York City
Greek government agreed to deeper cuts in spending and raise taxes in exchange for a bailout package for the next three years of as much as
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 03 May, 2010
- New York City
U.S. stocks are trading higher on Greece bailout package and merger of two airlines but the euro fell. U.S. personal income for March rises at the fastest pace in six months. UAL agrees to acquire Continental Airlines for $3.2 billion. Loews quarterly revenue rises 23%.