- Mukesh Buch
- 13 Jun, 2011
- New York City
Alliance One swung to a quarterly net loss. Transatlantic signed merger agreement with Switzerland based Allied World Assurance Co. Holdings. V.F. Corp. signed merger agreement with Timberland Company for $2 billion. Wendy
- Arthi Gupta
- 13 Jun, 2011
- New York City
The UK indexes edged higher. Horizon agreed to acquire Florida-based APR Energy for $855 million. The Bank of England Chief Economist Spencer Dale noted short and medium-term inflation expectations are more mixed than significantly de-anchored.
- Arthi Gupta
- 13 Jun, 2011
- New York City
U.S. indexes gained after a string of merger news lifted sentiment. VF agreed to buy Timberland for $43 per share. Wendy''s/Arby''s agreed to sell Arby''s to Roark Capital for $430 million. Honeywell acquired EMS Technologies for $491 million.
- Arthi Gupta
- 13 Jun, 2011
- New York City
The European indexes traded higher after Glencore planned $19.5 billion takeover of Kazakhstan miner ENRC. Prada Hong Kong IPO estimated to raise $2.61 billion. Transatlantic inked deal with Allied World Assurance.
- Arthi Gupta
- 13 Jun, 2011
- New York City
Finland wages and salaries rose in April. Italian industrial production improved in April. Turkey''s current account deficit narrowed, industrial new orders, and turnover increased in April. Croatian retail sales increased in April.
- Devan Biswas
- 13 Jun, 2011
- New York City
The benchmark index in Mumbai dropped as much as 0.7% on the weakness in international markets. Stocks recovered to erase all the losses at close. Reliance Industries agreed to acquire majority stake in insurance venture controlled by Bharti Enterprises.
- Marcus Jacob
- 13 Jun, 2011
- New York City
Stocks in Japan declined after core machinery orders declined in April surprising many investors and analysts. Utilities are expected to follow Kansai Electric announcement to cut power consumption by 15% in the summer months.
- Bikram Pandey
- 10 Jun, 2011
- New York City
U.S. indexes closed sharply lower on the anxieties related to economic worries. The Dow and S&P 500 declined more than 1% and fell for the sixth week in a row and the Nasdaq dropped 1.5% and declined for the fifth in the last six weeks. Saudi Arabia said it is prepared to increase oil output.
- Mukesh Buch
- 10 Jun, 2011
- New York City
Air Products targets total revenues of more than $15 billion in 2015. Brown-Forman fourth quarter net income surged 128% to $165.4 million. lululemon first quarter net income surged 70.3% to $33.37 million. Toyota estimates fiscal year 2012 net income to drop 31% to 280 billion yen.
- Arthi Gupta
- 10 Jun, 2011
- New York City
The UK indexes declined after industrial production fell more than estimated and manufacturing output dropped in April. The UK output price inflation slowed to 5.3% annually in May. Irish manufacturing output improved in April.
- Arthi Gupta
- 10 Jun, 2011
- New York City
The U.S. indexes traded lower after disappointing global economic data. U.S. import prices rose 0.2% in May. Avaya filed for IPO of $1 billion. Private equity firms KKR and TPG withdrew bid for Nokia Siemens. Qualcomm agreed to acquire the assets of Rapid Bridge.
- Nigel Thomas
- 10 Jun, 2011
- New York City
The benchmark index in Tokyo close higher for the fourth day in a row. Toyota estimated current fiscal year sales to declined 2% and unit sales to drop to 7.24 million and net profit to slump 31%.
- Marcus Jacob
- 10 Jun, 2011
- New York City
Australian indexes edged higher after the government released mining tax legislation. Market sentiment was buoyed after exports from China rose at a faster pace than anticipated. Origin Energy completed the sale of 500 million euros bonds.
- Arthi Gupta
- 10 Jun, 2011
- New York City
The European indexes slid after Italy reported weak GDP growth and German inflation index declined. Samsonite raised $1.25 billion in Hong Kong IPO. Vivendi got the European Commission approval for acquiring Vodafone
- Arthi Gupta
- 10 Jun, 2011
- New York City
French manufacturing output improved in April but industrial production struggled. German wholesale price inflation eased for a second consecutive month in May. The GDP in Italy expanded at a slower pace of 1%. Swedish industrial output fell in April.