- 123jump.com Staff
- 05 Jan, 2010
- New York City
Stocks in New York fell after housing market worries resurfaced. European markets closed lower and German unemployment was unchanged in December. Google launches its wireless phone as more users access Internet from their phones.
- Mayank Mehta
- 05 Jan, 2010
- New York City
European markets closed lower in light trading. German unemployment rate was unchanged in December at 8.1%. BNP Paribas unit plans covered bond issue. Airbus hopes A400 million negotiations will be concluded by the end of January. Vinci SA unit buys Keolis stakes in four French airport operators.
- Mayank Mehta
- 05 Jan, 2010
- New York City
Nestle SA says no plan to make or participate in Cadbury plc offer. Next celebrates Christmas sales surge. Balfour Beatty Gammon wins
- 123jump.com Staff
- 05 Jan, 2010
- New York City
Kraft and Cadbury declined after the revised offer from Kraft was rejected by the UK chocolate maker. Tenet Healthcare increased on a recommendation from a broker. China based casino operators increased on the hopes that China will relax travel rules. Aegean Marine surges after a deal.
- 123jump.com Staff
- 05 Jan, 2010
- New York City
Kraft revised its offer for Cadbury ahead of regulatory deadline in less than two weeks. The offer of $16 billion has 20% more cash than the previous offer but is still at least 5% below the price that most investors are seeking. Kraft sold its frozen pizza division to Nestle for $3.7 billion.
- 123jump.com Staff
- 05 Jan, 2010
- New York City
U.S. stocks traded lower as gasoline and crude oil futures advanced. Freezing weather from Beijing to Miami has driven up the demand for energy around the world.
- Mayank Mehta
- 04 Jan, 2010
- New York City
China region stocks closed mixed. Shanghai stocks gained and Hong Kong stocks decreased. Manufacturing expanded in December according to separate reports. Real estate developers declined after Shanghai tightened home purchase rules.
- Mayank Mehta
- 04 Jan, 2010
- New York City
Stocks in Japan closed higher as the yen declined to a 4-month low. Exporters and automakers led the gainers. Toyota and Honda target small car market in India as the market is expected to expand to 3 million vehicles in five years. JAL surged after a bank doubled its credit limit to $2 billion.
- Mayank Mehta
- 04 Jan, 2010
- New York City
Australian stocks edged higher. A rally in metals and energy prices helped stocks on the first day of trading. Deputy Prime Minister Gillard asked more time for police investigation after a killing of young Indian student. Australia has still not solved hundreds of attacks on India students.
- 123jump.com Staff
- 04 Jan, 2010
- New York City
U.S. indexes closed up more than 1.5% after a rally in energy and metals. Manufacturing indexes in the U.S., China and India showed expansion. Emerging markets rallied with resource linked economies leading. The benchmark index in Brazil closed above 70,000.
- Mayank Mehta
- 04 Jan, 2010
- New York City
Energy related stocks gained after a rally in natural gas and crude oil. Total SA investment in Chesapeake Energy controlled energy field also helped the sector. Deutsche Bank
- Mayank Mehta
- 04 Jan, 2010
- New York City
European indexes traded near fifteen month high as resource stocks lead the gainers. Energy prices rose after record low temperatures in the U.S., China and Korea. European investors
- Mayank Mehta
- 04 Jan, 2010
- New York City
UK stocks edged higher as metals added to the gains of the last week. Manufacturing index increased in December and mortgage approvals expanded. Gilts held firm ahead of rate and bond program decision this Wednesday.
- Mayank Mehta
- 04 Jan, 2010
- New York City
Stocks in India gained on the expectations of faster economic growth in the current fiscal year and expanding manufacturing sector. Reliance Industries raised $575 million to purchase LyondellBasell Industries in a second sale of treasury stocks. Exports increased 18% in November.
- 123jump.com Staff
- 04 Jan, 2010
- New York City
Novartis agreed to acquire Alcon Inc for additional $39.3 billion. The Swiss pharmaceutical giant will pay $28.1 billion to gain 52% stake from Nestle and $11.2 billion to minority share holders. The two-tier price offered by Novartis may not go well with independent directors at Alcon.