- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 25 May, 2010
- New York City
The Australian dollar slipped for the second day as investors sold high-yielding assets on concern debt crisis in Europe may escalate and tensions rise between the two Koreas. The dollar has so far dropped 11% in May after commodity prices slumped and equity market took a beating.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 25 May, 2010
- New York City
Stocks fell in Japan as the yen rose against the euro and the dollar on growing signs of stress faced by European financial institutions. The Nikkei 225 Stock Average fell to its lowest close in almost six months.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 25 May, 2010
- New York City
The Sensex index plunged as investors sold shares on concern that Europe
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 25 May, 2010
- New York City
Global and U.S. stocks plunge after the IMF warns of financial conditions in Spain and rising tensions in Korean peninsula. Commodities and crude oil dropped sharply. US, China pledge economic cooperation.
- 123jump.com Staff
- 25 May, 2010
- New York City
Sales rose 7% to $667.4 million & net income was $18.8 million or 11 cents a share. Gross margin rate improvement up 440 basis points to 43.1% this year from 38.7% in last year''s first quarter. The company''s operating margin expanded to 7.1% in the quarter from 0.4% in the prior-year first quarter.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 24 May, 2010
- New York City
Stocks in New York trading declined on the fears of fiscal and financial crisis in the euro-zone. Traders overlooked the rise in existing home sales in April increase 7.6% to 5.77 million, the best in five months. Investors ignored the sharp gains in China and Australia.
- Arthi Gupta
- 24 May, 2010
- New York City
U.K. Chancellor of the Exchequer George Osborne today detailed a
- Chandrasekhar Atreya
- 24 May, 2010
- New York City
North Miami-based investment trust, Equity One has agreed to acquire Capital & Counties, the US unit of Capital Shopping Centers Group Plc through a $600 million joint venture transaction.
- Chandrasekhar Atreya
- 24 May, 2010
- New York City
Gentiva Healthcare Services agrees to acquire Odyssey Healthcare in an all cash transaction of $1 billion to provide a leading hospice and healthcare company.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 24 May, 2010
- New York City
U.K. stocks decline amidst concerns about the euro-zone debt crisis. U.K. Chancellor plans
- Mayank Mehta
- 24 May, 2010
- New York City
Sprint Nextel Corporation led gainers in the S&P 500 index with a rise of 5.3%. Campbell Soup profit dips in recent quarter. DreamWorks Animation SKG Inc dropped as much as 14% after the latest movie reported lower than expected weekend revenues.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 24 May, 2010
- New York City
The European markets fell on lingering concerns that the bailout package may not contain the deepening financial and fiscal crisis. Bank of Spain takes forced to take over a regional savings bank CajaSur. U.K. Chancellor proposes
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 24 May, 2010
- New York City
U.S. stocks fall amid worries about European debt and high fiscal debt in Europe. Gentiva Health Services agrees to acquire Odyssey HealthCare for $1 billion. Equity One to buy Capital And Counties USA through $600 million joint venture deal. AT&T sells its Sterling Commerce to IBM for $1.4 billion.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 24 May, 2010
- New York City
Market indexes in Shanghai,Hong Kong surge on the recovering global optimism. Strategic talks between China and US begin in Beijing today as China resists pressure to revalue the yuan. Second land auction in Hong Kong fetches below estimated price. New home prices drops 16% in the week ended May 23.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 24 May, 2010
- New York City
The stocks in Tokyo traded sideways and closed lower as global economic worries persisted. Cabinet office noted in its monthly report that the economy is steady though not in the self-sustaining mode. China based Shangdong Ruyi Group agreed to acquire 40% stake in in the apparel maker Renown Inc.