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House to Meet on Sunday, East Coast Dockworkers Threaten a Strike

Bikram Pandey
27 Dec, 2012
New York City

U.S. stocks trim losses after the House of Representatives decide to meet on Sunday. U.S. Treasury Department takes extraordinary steps to raise $200 billion. Dockworkers on the East Coast threaten a strike. The benchmark index in Germany is set to lead advanced markets with annual rise of 30%.

Budget Impasse Saps Confidence and Stocks

Nichole Harper
27 Dec, 2012
New York City

Stocks on Wall Street fell after Senate Majority Leader Harry Reid said budget deal before year-end is unlikely. Marvell Technology plunged after it lost a patent case with $1.17 billion penalty. Confidence index in December fell to the lowest level since August on Washington gridlock.

Europe Movers: Assa Abloy, Bankia, BMW, Clariant, Thomas Cook

Lyubov Smirnova
27 Dec, 2012
New York City

Thomas Cook extends gains on better than expected 2012 revenues. Resource stocks gained in London trading after metals prices trade higher. Bankia plunged 19% after parent company was estimated with negative book value.

DAX Leads Developed Markets Advance with 30% Surge

Barry Randall
27 Dec, 2012
New York City

European markets traded higher and DAX index in Germany is set to lead the regional advance with a surge of 30%. BMW is expected to exceed 2011 profit and Audi unit of Volkswagen plans to spend

Nikkei Crosses Pre-Tsunami Level, Yen Drops Again

Nigel Thomas
27 Dec, 2012
New York City

The Nikkei index extended gains as the yen dropped to a new 2-year low and the newly elected government prepares for aggressive stimulus. The Nikkei surpassed the high on the day before the 2011 earthquake and extended six week rally to 16% and the gains in the year to 22.2%.

Retailers Shine in Sydney Trading, ASX Index Gains

Marcus Jacob
27 Dec, 2012
New York City

Australian stocks gained for the second day in a row as retailers and resource sector stocks led the advance. Fortescue Metals jumped 4% after the company announced a plan to resume Kings deposit expansion in January.

U.S. Movers: Diodes, Matson, Opko Health, Vale SA, ZaZa

Mukesh Buch
27 Dec, 2012
New York City

Diodes agreed to buy BCD Semiconductor for $151 million in cash. Matson agreed to acquire assets of Reef Shipping. Opko Health agreed to acquire Sao Paulo based Silcon Com

Nikkei Up 1.5% as Yen Drops to 20-Month Low on New Prime Minister

Nigel Thomas
26 Dec, 2012
New York City

The yen dropped to a 20-month low and Shinzo Abe took the office of prime minister. Abe promised bold actions and demanded more actions from Bank of Japan. The yen dropped to a low last seen in 2011.

U.S. Movers: Covidien, Chevron, McKesson, Rosneft, WellPoint

Mukesh Buch
26 Dec, 2012
New York City

Covidien agreed to acquire CV Ingenuity. Chevron buys 50% stake in Kitimat LNG project. Rosneft signed loan agreements for stake in Russian oil firm TNK-BP. WellPoint completed acquisition of Amerigroup.

U.S. Holiday Sales Rise 0.7%, Toyota Raises 2013 Outlook

Arthi Gupta
26 Dec, 2012
New York City

U.S. indexes traded higher and the yen dropped to a 20-month low. Holiday sales period increase slowed to 0.7% on Washington gridlock. Covidien agreed to acquire CV Ingenuity. Toyota estimated 2013 worldwide sales to increase 2%.

Australian Stocks Gain, Another Suitor for Billabong

Marcus Jacob
24 Dec, 2012
New York City

Australian stocks gained in light trading led by the advance in resource and financial sector stocks. Billabong gained after the company opened books former board member Paul Naude for due diligence.

UK Home Prices Fall, BP in $7.8 Billion Settlement

Arthi Gupta
24 Dec, 2012
New York City

The UK indexes gained after home prices and household finance index fell in December. Smith & Nephew completed acquisition of Healthpoint Biotherapeutics. BP plc won a $7.8 billion settlement with the Gulf of Mexico oil spill victims.

U.S. Movers: Alexza, Duke Energy, Expedia, Herbalife, Disney

Mukesh Buch
24 Dec, 2012
New York City

Expedia agreed to acquire 62% equity in Germany based Trivago. Smith & Nephew agreed to buy Healthpoint Biotherapeutics for $782 million in cash. Disney acquired Lucasfilm valued $4.06 billion in cash and stock.

U.S. Stocks Fall on Short Trading Day

Arthi Gupta
24 Dec, 2012
New York City

U.S. indexes fell on fiscal cliff concerns. United Technologies agreed to divest its UTC Power fuel cells unit to ClearEdge. Walt Disney completed its acquisition of Lucasfilm.

Italian Prime Minister Monti Resigns, KBC to Sell Absolut Bank

Arthi Gupta
24 Dec, 2012
New York City

The European indexes declined in thin trading volume. KBC decided to sell its Russian banking subsidiary, Absolut Bank for

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