- Arthi Gupta
- 17 Aug, 2011
- New York City
The UK indexes edged lower after jobless claims rose in July and unemployment rate soared to 7.9% in the three months to June. The BoE minutes showed consensus among members on maintaining interest rate at a historic low of 0.5%. Balfour Beatty plunged 4.9% on weak first-half revenue.
- Arthi Gupta
- 17 Aug, 2011
- New York City
U.S. indexes gained after mortgage applications rose 4.1% and producer price index climbed 0.2% in July. General Dynamics agreed to acquire Vangent for approximately $960 million. Abercrombie & Fitch net surged 64% in the quarter.
- Mukesh Buch
- 16 Aug, 2011
- New York City
Agilent third quarter net income soared 61% to $330 million. Saks second quarter net loss narrowed 1.2% to $8.4 million. Home Depot second quarter net earnings increased 14.3% to $1.4 billion. Wal-Mart second quarter net income increased 5.7% to $3.80 billion.
- Arthi Gupta
- 17 Aug, 2011
- New York City
Euro area inflation eased to 2.5%, Swedish home prices rose, and Austria annual inflation climbed in July. Euro-zone and Italy current account deficit widened in June. Iceland hiked rates by 25 basis points to 4.50%.
- Arthi Gupta
- 17 Aug, 2011
- New York City
European indexes traded sideways after a disappointing meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel. SNB intensified measures against rising Swiss franc. Hochtief net plunged 74% impacted by issues at its Australian subsidiary Leighton.
- Marcus Jacob
- 16 Aug, 2011
- New York City
Australian stocks were on the defensive after companies announced job cuts and Commonwealth Bank reported weaker than expected earnings. Resources linked companies closed lower after. OneSteel net declined 11%.
- Arthi Gupta
- 16 Aug, 2011
- New York City
The UK indexes declined on weaker-than-estimated global economic data. The UK inflation rose 4.4% in July and home prices declined in June. Resolution first-half revenues rose and CRH net soared.
- Arthi Gupta
- 16 Aug, 2011
- New York City
U.S. indexes traded sideways after housing starts fell and import prices recovered in July. The World Bank warned that depleting food stocks and high inflation are cause for concern. Cargill planned to acquire Provimi for
- Arthi Gupta
- 16 Aug, 2011
- New York City
The euro area economic growth eased more than estimated in the second quarter. Euro-zone trade surplus widened, Dutch retail sales remained unchanged and Spanish industrial new orders growth slackened in June. Swedish jobless rate increased in July.
- Arthi Gupta
- 16 Aug, 2011
- New York City
European indexes slumped after euro area economic growth slowed more than estimated in the second quarter. German and French leaders will meet today in Paris to discuss the euro area debt crisis. AEGON decided to sell its UK-based Guardian life and pension business to Cinven for
- Bikram Pandey
- 15 Aug, 2011
- New York City
Indexes rallied on the first day of this week after $15 billion of deals and the markets in Europe were also calm ahead of the meeting between the leaders of France nd Germany. Gold added 1.4% and crude oil jumped 3%.
- Mukesh Buch
- 15 Aug, 2011
- New York City
Bank of America agree to sell its credit card business to TD Bank for $8.6 billion. Google agreed to acquire Motorola Mobility at 64% premium for $12.5 billion. Lowe''s second quarter net earnings declined 0.2% to $830 million. Time Warner will acquire Insight Communications for $3 billion in cash.
- Arthi Gupta
- 15 Aug, 2011
- New York City
The UK indexes gained nearly 1% on the first day of trading after a week of wild swings. Home prices in the UK fell for the second month in a row in August. Spectris agreed to acquire U.S.-based Omega Engineering for
- Arthi Gupta
- 15 Aug, 2011
- New York City
U.S. indexes rose after Japanese economy contracted much less than estimated. Google agreed to acquire Motorola Mobility in $12.5 billion deal. Time Warner Cable agreed to buy Insight for $3 billion. National Oilwell Varco signed $1.5 billion deal with Brazil-based Estaleiro Atlantico Sul.