- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 24 May, 2010
- New York City
Australian stocks rebound but the dollar continues to fall for the sixth day in the last seven days. Fortescue CEO says the government is adamant on super tax threshold. Healthscope Ltd permits private equity consortium due diligence in preparation of a takeover bid.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 24 May, 2010
- New York City
Mumbai stocks traded higher after industrial production index increased in March and in the fiscal year ending in the month. Ambani brothers agree to cooperate to resolve natural gas distribution dispute. Standard Chartered Plc is scheduled to launch its public offering.
- 123jump.com Staff
- 24 May, 2010
- New York City
Sales rose 15.4% to $5.02 billion and net income rose 58.4% to $331.4 million or 80 cents a share. Consolidated comparable store sales were up 9% on top of last year''s 2% increase. Consolidated pretax profit margin was 10.7%. The gross profit margin was 250 basis points above last year.
- Chandrasekhar Atreya
- 22 May, 2010
- New York City
Abbott Laboratories enters into a definitive agreement with Piramal Healthcare to buy its generic branded business in an all cash deal of $3.7 billion. This deal will make Abbott the largest drug company in India with 7% share of the market.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 21 May, 2010
- New York City
U.S. stocks closed higher in a late rally after the Senate passes financial reform bill. Banks and financial services gained from the recent lows. Gold declined and copper gained. U.S. bonds traded sideways but near recent lows. Markets in Asia closed near the lows for the year.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 21 May, 2010
- New York City
The FTSE 100 index plunged as low as below 5000 but managed to close down 0.2% as euro-zone financial crisis remains in focus. U.K. deficit surges to a new record in April but business investment grows. Germany passes euro-zone rescue bill. British Airways reports record annual loss.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 21 May, 2010
- New York City
The European indices fell to an eight-month low as euro-zone financial crisis slowly migrates to fiscal crisis. Spain approved austerity measures and German lawmakers passed their share of $1 trillion of bailout package. Statoil agrees to sell its stake in a Brazil based field to Sinochem.
- Mayank Mehta
- 21 May, 2010
- New York City
Brocade Communications Systems, Inc. led the decliners in the S&P 500 index with a loss of 12.9%. Aeropostale''s first-quarter profit jumps 43%. Brocade swings to a profit as sales dip. Salesforce.com net slips though sales rise 24%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 21 May, 2010
- New York City
Finance Ministry in China completed the sale of 28 billion yuan bonds maturing in 2060 at an average of 4.03%. For the week indexes in Shanghai declined 4.2%. PetroChina Company Ltd halts CNPC assets purchase plan. Huadian Power plans to acquire power plant for 900 million yuan.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 21 May, 2010
- New York City
Stocks fell in Australia as investors fear widening euro-zone crisis may slowdown global economic recovery. The Australian dollar rebounded by 1.2%. Sigma Pharmaceuticals receives a takeover offer from an unidentified bidder. Fire at the Hobart smelting facility curtails 20% zinc production.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 21 May, 2010
- New York City
Stocks in Japan declined the most in the week in a year. On Friday, Nikkei dropped as much as 3.9% before closing down 2.5% after falling nearly to its lowest in the year. Bank of Japan offers one-year loans to counter deflation. Toyota Motors agreed to acquire $50 million stake in Tesla motors.
- Chandrasekhar Atreya
- 21 May, 2010
- New York City
Hinduja group of India has agreed to acquire the Luxembourg-based KBL EuropeanPrivate Bankers for 1.35 billion euros in an all cash deal.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 21 May, 2010
- New York City
Stocks in Mumbai trade lower as global markets trade near their six-month lows. Rupee trades crosses 47 to a dollar. Piramal Healthcare retracts from record high after selling generic business to Abbott Labs for $2.2 billion and earn-out of as much as $1.6 billion in the next four years.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 21 May, 2010
- New York City
U.S. and global markets continue to trend lower. The U.S. Senate passed the financial overhaul bill and German lawmakers approved their contribution to the euro-zone $1 trillion rescue package. Spanish Government approves
- Chandrasekhar Atreya
- 20 May, 2010
- New York City
Mountain View, California-based Symantec Corp is to acquire the security business of VeriSign in a definitive agreement for $1.28 billion. The transaction is expected to get regulatory approvals in 60 to 90 days.