- Chandrasekhar Atreya
- 31 May, 2010
- New York City
Essar Group has agreed to acquire the entire stake of AGC Networks listed in India for $44.5 million or Rs 206.18 crore at Rs 245 per share. The deal is subject to regulatory requirements and completion of the mandatory offer.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 31 May, 2010
- New York City
The Australian dollar which had dropped on May 28 after Fitch downgraded Spain from AAA to AA+ was little changed today, as the debt downgrading contributed to market jitters.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 31 May, 2010
- New York City
European stocks traded higher despite a downgrade of Spain''s sovereign debt rating. Euro-zone economic confidence deteriorated and inflation accelerates to 1.6% in May. Polish economic growth slows in the first quarter.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 31 May, 2010
- New York City
The Japanese stocks closed higher after regaining losses in the day on strong earnings growth in pharma companies, leading the Nikkei 225 Stock Average to rise. The broader Topix index increased with advancing stocks leading the declining stocks by a margin of two-to-one.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 31 May, 2010
- New York City
Stocks in Shanghai and Hong Kong declined after a rating agency downgraded Spain
- 123jump.com Staff
- 31 May, 2010
- New York City
Sales up 0.3% to $3.14 billion & net income fell 31% to $134 million or 15 cents a share. Operating profit fell 8% as anticipated & the corresponding margin fell 240 basis points to 22.3%. Underlying operating profit fell 6% & margin decreased primarily due to the flow-through on lower revenues.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 31 May, 2010
- New York City
The benchmark index in Mumbai trading rose marginally after fluctuating between gains and losses four times in the morning. The index gained a little after the Central Statistics Organization reported today that the GDP expanded 8.6% in the quarter ending March from a year earlier.
- Chandrasekhar Atreya
- 29 May, 2010
- New York City
Shell is expanding its portfolio in North American tight gas positions with new acquisitions in high-potential US shale gas acreage in Marcellus Shale and Eagle Ford plays.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 28 May, 2010
- New York City
UK stocks rebound led by positive gains from retailers but consumer confidence wanes. Shell acquires East Resources Inc. for $4.7 billion. Travis Perkins discusses
- Mayank Mehta
- 28 May, 2010
- New York City
Baker Hughes Incorporated led the decliners in the S&P 500 index with a loss of 6.6%. Ener1 agrees to joint venture with Wanxiang. Guess profit up 55%. J. Crew posts higher profit. Novell reports 28% profit gain.
- Arthi Gupta
- 28 May, 2010
- New York City
Toys ""R"" Us, Inc. announced that it has filed a preliminary registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of up to $800 million of its common stock.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 28 May, 2010
- New York City
European stocks decline amidst concerns on U.S. economic data. Spanish Parliament approves public sector spending cuts. Swedish economic growth accelerates in the first quarter. Greece producer price inflation rises 9.8% in April.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 28 May, 2010
- New York City
U.S. and world stocks advanced on optimism about global economic recovery. Most Asian and European markets soared after China calmed market nerves. U.S. personal income rises 0.4% in April. Prudential seeks lower terms for AIG
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 28 May, 2010
- New York City
Stocks in Sydney continued their advance for the second day in a row on the global optimism and positive comments from China. Virgin Blue lowered its profit outlook but Qantas kept its estimate but cited weaker performance in international segment.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 28 May, 2010
- New York City
The indexes in Japan gained led by commodities, after shares surged in Europe and US after China rejected media speculation that it may lower its foreign reserve holdings in the euro-zone debt. The yen weakened.