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Market Update

U.S. Movers: K12, Perrigo, Pier 1, Pall Corp., Pluristem Therapeutic

Mukesh Buch
13 Sep, 2012
New York City

K12 Inc fourth quarter swung to profit. Perrigo to acquire privately held Sergeant''''s Pet Care Products Inc. for $285 million and the specialty retailer Pier 1 second quarter net surged 58%. Pall Corporation net slumped 12% to $86.2 million.

Australian Mining Jobs Decline, Fortescue Debt Worries Weigh on Markets

Marcus Jacob
13 Sep, 2012
New York City

Australian stocks declined in the final hour of trading after the third largest miner Fortescue Metals sought help of banks in restructuring its debts. Mining sector employment declined for the first time in three months to August by 4,600.

U.S. Weekly Claims Rise, FirstMerit to Acquire Citizens Republic

Arthi Gupta
13 Sep, 2012
New York City

U.S. indexes slid after weekly jobless claims rose more than estimated. U.S. producer prices and foreclosure filings climbed in August. FirstMerit agreed to acquire Citizens Republic Bancorp for $912 million.

Europe Movers: Ace, EADS, John Wood, Next

Arthi Gupta
13 Sep, 2012
New York City

Ace agreed to acquire Fianzas Monterrey for $285 million. EADS plunged 8% on merger talks with BAE Systems. Next first-half revenue rose 4.8% to

Dutch Voters Favor Prime Minister, Switzerland Holds Rates

Arthi Gupta
13 Sep, 2012
New York City

Italy sold

EADS and BAE in Merger Talks, World Markets Calm

Bikram Pandey
12 Sep, 2012
New York City

U.S. market indexes closed flat. Apple Inc released thinner and lighter iPhone that will operate on the fastest networks. The parent of Airbus and UK based BAE Systems are in merger talks. Two leading parties in Holland are struggling to gain a ruling majority.

U.S. Movers: Chesapeake Energy, Mediware, Texas Instruments, Xyratex

Mukesh Buch
12 Sep, 2012
New York City

Chesapeake Energy sells its assets to Shell and Chevron for $6.9 billion. Globecomm lowered fiscal outlook. Mediware agreed to go private. PMFG net swung to loss. Texas Instruments lowered third quarter guidance.

Machinery Orders in Japan Rise for the Second Month, Oki Electric Down 11%

Nigel Thomas
12 Sep, 2012
New York City

Stocks in Tokyo surged for the second day in a row after machinery orders increased and investors reacted positively to the comments from Chinese officials. Stocks in resource sector and linked to domestic economy were in favor. Oki Electric plunged 11%.

U.S. Import Prices Climb, Apple Release Awaited

Arthi Gupta
12 Sep, 2012
New York City

U.S. indexes gained after Germany ratified the European Stability Mechanism. U.S. import prices rose less than estimated in August. The IEA revised global oil demand forecast for 2012 and 2013. Texas Instruments narrowed third quarter revenue outlook.

Australian Markets Rebound, Iron Ore Price Above $100

Marcus Jacob
12 Sep, 2012
New York City

Australian markets traded sharply higher and iron ore price jumped above $100 a ton. Mining companies gained after Chinese officials offered to increase stimulus if needed.

German Court Ratifies ESM with Two Conditions

Arthi Gupta
12 Sep, 2012
New York City

The European indexes gained after a German court ratified the European Stability Mechanism. Italy raised

Fed Speculation Drives Markets; Citi to Take $2.9 B Charge for Smith Barney

Bikram Pandey
11 Sep, 2012
New York City

U.S. and European markets rallied and the euro neared four-month high on the growing expectation of another round of stimulus. U.S. trade deficit was stable after exports decreased and lower oil price cut the import bill. Morgan Stanley and Citigroup agreed on $13.5 billion value for Smith Barney.

Nikkei Declines 0.7%, Panasonic Debt Rating Cut

Nigel Thomas
11 Sep, 2012
New York City

Stocks in Tokyo trading were on the defensive after China reported weak economic data and U.S. employment rebound was less than expected. Electronic chip-equipment makers declined after Intel lowered its annual view.

Australian Markets Halt 3-Day Rally

Marcus Jacob
11 Sep, 2012
New York City

Australian stocks declined after a 3-day rally ahead of fate of the German court ruling. Mining companies closed mixed and iron ore prices rose to $95 a ton. CSL Limited won a U.S. government contract for influenza pandemic preparedness.

U.S. Movers: Casey

Mukesh Buch
11 Sep, 2012
New York City

Casey