- Arthi Gupta
- 01 Jul, 2011
- New York City
The European indexes rose after the Greek parliament approved privatization plan demanded by foreign lenders. General Mills completed acquisition of Yoplait for $1.2 billion. KBC Group finalized Centea sale for
- Marcus Jacob
- 01 Jul, 2011
- New York City
Australian stocks traded lower after rallying for two days in a row. For the week the benchmark index ASX 200 gained 1.84%. Australian dollar hovered near recent high. Suncorp guided better than expected insurance margin and Downer EDI gained after it delivered first train to NSW government.
- Bikram Pandey
- 30 Jun, 2011
- New York City
U.S. stocks closed higher on the last day of the second quarter. The day also marks the end of second round of easy monetary policy that lasted seven months. The controversial QE2 program lifted stocks by 26%, gold by 22% and the dollar declined 10%. For the year the S&P 500 index gained 4.9%.
- Mukesh Buch
- 30 Jun, 2011
- New York City
Constellation Brands first quarter net income surged 52% to $74.5 million. News Corp sold Myspace for $35 million and may have lost as much as $1 billion since acquisition six years. McCormick second quarter net income grew to $73.6 million.
- Arthi Gupta
- 30 Jun, 2011
- New York City
The UK indexes rose after home prices remained flat and consumer confidence dropped in June. Lloyds surged 9% after it proposed to cut 15,000 jobs to deliver
- Arthi Gupta
- 30 Jun, 2011
- New York City
U.S. indexes traded higher after weekly jobless claims fell 1,000 and pending home sales increased in May. News Corp sold Myspace for $35 million to Specific Media. CA Inc agreed to acquire Interactive TKO for $330 million.
- Arthi Gupta
- 30 Jun, 2011
- New York City
Euro area inflation remained flat at 2.7% in June. German jobless rate declined in June. French producer prices rose less than estimated in May. Hungary surplus improved and Denmark GDP contracted in the first quarter.
- Arthi Gupta
- 30 Jun, 2011
- New York City
The European indexes extended gains after the Greek parliament approved the austerity measures. AkzoNobel planned to acquire Schramm Holding for
- Nigel Thomas
- 30 Jun, 2011
- New York City
Stocks in Japan gained for the third day in a row on the expectation of faster improvement in supply chain and manufacturing output. Utilities gained on the talks of restarting at least one nuclear power plant. The Nikkei declined 0.4% in the first half.
- Marcus Jacob
- 30 Jun, 2011
- New York City
The Australian stocks scaled higher after Greece approved deeply unpopular austerity measures. The benchmark index soared 7% in the first half of the year as mining companies led gainers. Insurance Australia Group estimated margins between 8% and 10% in the current year.
- Bikram Pandey
- 29 Jun, 2011
- New York City
U.S. indexes extended gains for the third day in a row as investors looked beyond Greek austerity vote. The euro gained and crude oil and metals advanced. Visa and MasterCard surged after the latest Fed proposal showed higher fees that retailers pay for debit card transactions.
- Arjun Dave
- 29 Jun, 2011
- New York City
Bank of America agreed to pay between $8.5 billion and $9.1 billion for losses linked to mortgage securities that were sold between 2004 and 2008. The bank also guided second quarter net income between $3.2 billion and $3.7 billion.
- Arthi Gupta
- 29 Jun, 2011
- New York City
The UK indexes extended gains after the Greek parliament approved austerity measures. UK services index edged up in April. Mortgage approvals in the UK rose but M4 money supply declined in May. Irish unemployment increased to 14.2% in June.
- Arthi Gupta
- 29 Jun, 2011
- New York City
U.S. indexes rose after the Greek parliament voted in favor of austerity measures. Bank of America agreed to pay $8.5 billion to settle claims on mortgage-backed securities. BJ''''s Wholesale agreed to a leveraged buyout for $2.8 billion.