- Bikram Pandey
- 17 Dec, 2010
- New York City
U.S. retailers were in focus as investors revise higher holiday sales expectations. The index of leading indicators increased in November as economic momentum builds. AT&T lifted dividend 2.4% and planned to buyback 300 million shares. For the week, the Dow up 0.8% and the S&P 500 added 0.4%.
- Arthi Gupta
- 17 Dec, 2010
- New York City
The UK indexes declined after Moody
- Mukesh Buch
- 17 Dec, 2010
- New York City
Accenture, first quarter total revenues increased 13% to $6.48 billion. ITT Corp., forecast total revenue for fiscal 2011 approximate $11 billion. Oracle, second quarter revenues surged 47% to $8.58 billion. Research In Motion, third quarter revenue increased 40% to $5.49 billion.
- Arthi Gupta
- 17 Dec, 2010
- New York City
The European indexes fell after euro-zone trade surplus exceeded in October. The EU decided to set up a permanent bailout mechanism. German business confidence rose in December. The IMF noted recovery in the Danish economy.
- Arthi Gupta
- 17 Dec, 2010
- New York City
The U.S. Congress voted in favor of the tax cut bill. The EU agreed on permanent rescue fund. American Express agreed to acquire Munich-based Loyalty Partner. BMO Financial acquired Marshall & Ilsley for $4.1 billion.
- Chandrasekhar Atreya
- 17 Dec, 2010
- New York City
China key stock indexes drop on inflation concerns. China and India agree to boost trade to $100 billion by 2015. Throughput at Shanghai port surges 22% in November. China
- Chandrasekhar Atreya
- 17 Dec, 2010
- New York City
Tokyo stocks stayed flat amid softer yen and debt worries from Europe. Nippon Sharyo and Sumitomo get railcar orders worth $4.8 billion from the United States. Smartphone sales expected to surge 190% this year. Japan expects to hike taxes on fossil fuel from next October.
- Chandrasekhar Atreya
- 17 Dec, 2010
- New York City
Australian stocks edged down led by banks and lower mining stocks. Santos sells 15% stake in Gladstone LNG for A$665 million to fund the project. Western Australia revises its full year budget surplus upwards. Reserve Bank of Australia plans a liquidity facility to help banks conform to Basel norms.
- Bikram Pandey
- 17 Dec, 2010
- New York City
U.S. stocks turned positive after housing starts rose 3.9% and initial jobless claims declined. Spain paid a premium rate of 5.45% to sell $3.2 billion 15-year bonds. Visa Inc and MasterCard Inc plunged as much as 12% after Fed proposed to limit interbank debit card charges.
- Mukesh Buch
- 16 Dec, 2010
- New York City
FedEx second quarter revenue surged 12% to $9.63 billion. General Mills, second quarter net sales increased 0.8% to $4.07 billion. Herman Miller, second quarter net sales grew 19.9% to $412.2 million. Rite Aid third quarter revenues fell 2.4% to $6.2 billion.
- Arthi Gupta
- 16 Dec, 2010
- New York City
The UK indexes closed lower and retail sales rose in November. Irish GDP expanded 0.5% in the third quarter and factory gate prices remained stable in November. Rolls-Royce secured $89 million contract for U.S. Navy T-45 trainer engine support.
- Arthi Gupta
- 16 Dec, 2010
- New York City
The European indexes fell ahead of the EU leaders meeting in Brussels. Spain sold
- Arthi Gupta
- 16 Dec, 2010
- New York City
U.S. stocks traded sideways after weekly jobless claims fell and housing starts rose more than anticipated. Spain completed
- Mukesh Buch
- 16 Dec, 2010
- New York City
Camlin Fine Chemicals entered into a pact to acquire Italy based Borregaard. Ispat Industries may be acquired by Steel Authority of India. Suzlon Energy concluded contract for the delivery of 25 wind turbines.
- Chandrasekhar Atreya
- 16 Dec, 2010
- New York City
Mumbai stocks gained in late trade after Reserve Bank of India left interest rates unchanged and eased liquidity and bond yields fell. The RBI left cash reserve ratio unchanged at 6%. Indirect tax collections reach 66% of the target in the fiscal year to November.