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WellPoint to Buy Amerigroup to Expand Medicaid Business

Arjun Dave
09 Jul, 2012
New York City

WellPoint, Inc agreed to pay $4.9 billion in cash for Amerigroup to expand its health insurance plans to cover Medicaid business. The offer values the company at 43% premium as the nation prepares to implement healthcare reform.

U.S. Movers: AptarGroup, Campbell Soup, Dover, Luminex, Boeing, Raytheon

Mukesh Buch
09 Jul, 2012
New York City

WellPoint acquire Amerigroup for $4.9 billion in cash. Thomson Reuters agrees to acquire FX Alliance for $22 per share in cash. Boeing receives order for $7.2 billion from Air Lease Corp. and Raytheon Co. receives order to provide defense vehicles for $636 million from The Boeing.

UK Indexes Track Lower Regional Markets, Michael Page Slumps 4%

Arthi Gupta
09 Jul, 2012
New York City

The UK indexes slid tracking the market weakness in Europe and staff placements fell at the fastest pace in 3 years. China reported consumer prices fell and Japan said current account surplus declined stoking the fears of worldwide slowdown. Bonds yields of Spain and Italy rose to critical levels.

Wall Street Opens Lower as Chinese Inflation Turns Negative

Arthi Gupta
09 Jul, 2012
New York City

U.S. indexes declined as Asian economic data highlight slowing global growth. WellPoint agreed to acquire Amerigroup for $4.9 billion and Campbell Soup agreed to buy Bolthouse Farms for $1.55 billion. Boeing won $7.2 billion worth Air Lease order. Germany sold 6-month bills at negative yields.

Campbell to Acquire Bolthouse Farms for $1.55 Billion

Devan Biswas
09 Jul, 2012
New York City

Campbell Soup agreed to acquire packaged fresh vegetable and premium beverages maker Bolthouse Farms for $1.55 billion and said earnings in 2013 will increase between 5 cents and 7 cents a share.

Nikkei Fall 1.4%; Machinery Orders Plunge, Current Account Surplus Shrinks

Nigel Thomas
09 Jul, 2012
New York City

Stocks in Japan declined after volatile machinery orders plunged more than expected and current account surplus shrank for the 15th month in a row. China reported a decline in June and confirmed the trend in place for three months.

Australian Markets in 3-Day Slump, Iluka Plunges 24%

Marcus Jacob
09 Jul, 2012
New York City

Australian stocks closed lower for the third day in a row and the dollar traded near a record high against the euro. Leighton agreed to sell its waste management unit. Iluka Resources plunged the most in 25 years after it issued a cautious outlook.

German Exports Rebound, Swiss Jobless Rate at 2.9%

Arthi Gupta
09 Jul, 2012
New York City

Investor sentiment in the euro area fell in July and German exports rose more than anticipated in May. French business confidence waned and Swiss jobless rate was stable in June. The Czech Republic deficit rose but output fell in May.

Spanish Yields Above 7% as Ministers Gather in Brussels

Arthi Gupta
09 Jul, 2012
New York City

The European indexes edged lower and Spanish yields jump above 7% as finance ministers gather in Brussels. German exports rose more than expected in May and French gross domestic product is estimated to fall by 0.1% in the second quarter.

Jobs Report Drag Wall Street, European Markets and Oil Lower

Bikram Pandey
06 Jul, 2012
New York City

U.S indexes accelerated losses after the latest employment report confirmed weak economy. Net monthly hiring declined sharply in the second quarter. London is under scrutiny as the decades of light regulation risks reputation of the city as Libor scandal widens. Oil falls more than 3%.

U.S. Movers: Informatica, LaCrosse, Seagate, Xyratex

Mukesh Buch
06 Jul, 2012
New York City

Informatica lowers second quarter estimates. LaCrosse agrees to be acquired by Japan based ABC-Mart. Seagate cuts fourth quarter sales and margin.

UK Inflation Slows, Systemic Weakness at London Trading Desks

Arthi Gupta
06 Jul, 2012
New York City

The UK indexes slid after output price inflation eased in June. London trading desks are targets by regulators for their systemic weakness. Aviva lowered its stake in Delta Lloyd. Seagate Technology slumped 3.1% on weak outlook.

Weak Employment Growth Keeps Jobless Rate at 8.2%

Arthi Gupta
06 Jul, 2012
New York City

U.S. indexes declined after payrolls in June increased less than expected. The IMF said it is likely to lower its global growth outlook. Christopher & Banks rejected unsolicited takeover proposal.

Fifth Weekly Rise in Nikkei, Local Economy Stocks Favored

Nigel Thomas
06 Jul, 2012
New York City

Tokyo averages decreased but gained for the fifth week in a row. Investors added to stocks in telecom, retail, banks and real estate sectors and preferred stocks active in the domestic economy.

Australian Dollar in 8th Weekly Gain Against Euro, Billabong Surges

Marcus Jacob
06 Jul, 2012
New York City

Australian indexes traded lower on Friday but managed to close up 1.5% in the week. Resources stocks fell after commodities prices weakened on the worries of economic slowdown in China. The Australian dollar closed up for the eight week in a row against the euro.

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