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European Markets Advance 1.5%; Record Euro Zone Unemployment

Bikram Pandey
01 Oct, 2012
New York City

Financial markets across Europe gained after Spain was deemed to need less than previously expected in a bank bailout. However, the broader economic outlook in the region remained week as unemployment surged to a record high of 11.4%.

Bailout Waiting Game for Spain May End Soon, World Markets Fall

Arthi Gupta
26 Sep, 2012
New York City

U.S. indexes tracked lower European markets after protests in Spain and Greece lifted tensions in the bond market and Spanish yields rose near 6%. Ford plans jobs cut in Europe. Onex agreed to acquire KraussMaffei for

Europe Movers: Infineon, Banco Santander, ICAP, LSE

Arthi Gupta
26 Sep, 2012
New York City

Infineon revised fourth quarter revenue guidance. Banco Santander priced initial public offering of its Mexican subsidiary. ICAP estimated first-half group revenue to be lower than the previous year.

Unrests in Greece and Spain Drag Euro Zone Markets 2%

Arthi Gupta
26 Sep, 2012
New York City

The European indexes dropped more than 2% as politicians face street protests. Italy raised

Wall Street Turns Lower on Fed Dissent, Home Prices Strengthen

Bikram Pandey
25 Sep, 2012
New York City

U.S. stocks drifted lower at close after a Fed official criticized the latest stimulus plan from the Fed and Caterpillar lowered its outlook in 2015. Metropolitan home prices in twenty largest cities increased for the third month in a row.

U.S. Movers: Carnival, FactSet, Neogen, Paychex, Red Hat, Staples

Mukesh Buch
25 Sep, 2012
New York City

Carnival Corp profit nearly was flat and FactSet net jumped 19%. Neogen net climbed 12% and Red Hat net declined 13%. Paychex estimated fiscal revenues to increase as much as 6%. Staples announced restructuring. Vail Resorts lowers its fiscal outlook.

Japanese Stocks Rise Ahead of Dividend Deadline

Nigel Thomas
25 Sep, 2012
New York City

Stocks in Tokyo advanced ahead of the interim dividend deadline. Machinery and equipment makers declined after Caterpillar lowered its 2015 outlook. Panasonic, Toyota and Sony were among the companies the closed higher ahead of going ex-dividend tomorrow.

Australian Markets Ease; Fortescue Awards $1.5 B Contract to Leighton

Marcus Jacob
25 Sep, 2012
New York City

Australian markets traded lower after commodities and iron ore prices declined. Fortescue Metals awarded $1.5 billion mine management contract to Leighton Holdings.

U.S. Indexes in Early Advance, Caterpillar Lowers Outlook

Arthi Gupta
25 Sep, 2012
New York City

U.S. indexes trend higher in early pre-market trading. The IMF Chief Lagarde urged European policymakers to approve single banking authority. Caterpillar lowered earnings guidance for 2015. C.H. Robinson agreed to acquire Phoenix International.

Europe Movers: Cairn, Diageo, Sanofi, Suedzucker

Arthi Gupta
25 Sep, 2012
New York City

Diageo confirmed that it is in talks to acquire an interest in United Spirits. Sanofi planned to slash approximately 900 jobs in France by the year 2015. Smurfit Kappa Group agreed to acquire Orange County Container Group for $340 million.

Yields of Spain and Italy Rebound, UK Mortgage Approvals Rise

Arthi Gupta
25 Sep, 2012
New York City

The European indexes extended losses for the second day. Italy and Spain completed bond auctions today. UK mortgage approvals rose in August. Cairn Energy sold 8% stake in Cairn India for $910 million.

World Markets Consolidate Gains on Lingering Euro Zone Worries

Bikram Pandey
24 Sep, 2012
New York City

U.S. indexes were firm as attention in Europe shifts to a broader economic decline as France and Spain struggle to release budgets that meet the European Union guidelines and contain the widening unemployment. Yields on the U.S. Treasuries and prices of gold, copper and crude oil fell.

Toyota Resumes China Production, Demonstration Worries Japan

Nigel Thomas
24 Sep, 2012
New York City

The Nikkei index in Tokyo edged lower after international trading offered weak outlook and gathering storms on relationship with China. Toyota resumes production at all nine factories in China today. All Nippon Airways plans to order 11 Dreamiliners from Boeing at list price of $3.3 billion.

U.S. Movers: Black Diamond, Covidien, Kellogg, Lennar, TiVo

Mukesh Buch
24 Sep, 2012
New York City

Black Diamond agreed to acquire PIEPS Holding GmbH. Covidien to buy CNS Therapeutics for $100 million. Lennar net climbed on sales. TiVo settled its pending patent litigation with Verizon.

UK Household Finance Index Drops, RBS Plans More Staff Cuts

Arthi Gupta
24 Sep, 2012
New York City

The UK indexes slid after the household finance index dropped in September. Royal Bank of Scotland plans to slash 300 more jobs at its investment banking unit. A.G. Barr first half turnover rose 4.9% to

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