ticker

U.S. Durable Goods Orders Rise, Merger Activities Heat Up

Arthi Gupta
27 Jun, 2012
New York City

U.S. indexes climbed after durable goods orders rose in May. Merger activity heat up for the second day and Loral agreed to sell Space Systems for $1 billion. Liberty Global and Searchlight agreed to buy OneLink for $585 million. SS&C Technologies acquired GlobeOp for

Spain Slides Closer to Bailout, Demands EU Action

Arthi Gupta
27 Jun, 2012
New York City

Pressure on European leaders intensified as Spain slides closer to a bailout as the recession deepens and government faces unsustainable cost of debt refinancing. Italy sold

U.S. Markets Barely Positive, Confidence Drops to 5-Month Low

Bikram Pandey
26 Jun, 2012
New York City

U.S. indexes edged higher as European leaders prepare to deepen fiscal and banking union. U.S. consumer confidence dropped to a five-month low and home prices showed a slight improvement in a private but controversial survey. Italy was forced to an aid to a bank for the first time in two years.

U.S. Movers: Apollo Group, Coinstar, H.B. Fuller, Coca-Cola, Synnex

Mukesh Buch
26 Jun, 2012
New York City

Apollo Group said quarterly net declined 37% and Coinstar cuts fiscal earnings outlook. LDK Solar swung to a quarterly loss. Coca-Cola plans to invest additional $3 billion in India by the end of the decade.

UK Public Sector Net Borrowing Rises, Stagecoach Surges 6%

Arthi Gupta
26 Jun, 2012
New York City

The UK indexes gained after public sector net borrowing rose in May. Irish factor gate inflation eased to six-month low in May. BP agreed to sell its interests in the Alba and Britannia fields to Mitsui for $280 million.

SBA Acquires Tower Sites, Coca-Cola Commits $3 Billion to India

Arthi Gupta
26 Jun, 2012
New York City

U.S. indexes rebounded ahead of the consumer confidence report. SBA Communications agreed to acquire tower sites from TowerCo for $1.45 billion and Coca-Cola committed additional $3 billion in India.

Japan Lower House Approves Sales Tax Increase

Nigel Thomas
26 Jun, 2012
New York City

Tokyo stocks declined for the third day in a row and lawmakers in the lower house approve the plan to double sales tax to 10% and the measure is expected to pass in the upper house. Nippon Electric Glass Co declined after it lowered its income outlook.

Spanish Debt Auction Subdued, Cyprus Seeks Bailout

Arthi Gupta
26 Jun, 2012
New York City

The European indexes fell after 28 Spanish banks were downgraded. Spain raised

Italian Retail Sales Decline, French Sentiment Flat

Arthi Gupta
26 Jun, 2012
New York City

German consumer confidence is likely to rise in July and confidence among French households remained unchanged in June. Swiss consumption index fell in May. The Dutch economy expanded in the first quarter and Italian retail sales fell more than estimated in April.

Australian Stocks in 4-day Losses, Rinehart Threatens to Sell Fairfax Stake

Marcus Jacob
26 Jun, 2012
New York City

Australian stocks extended losses for the fourth day in a row and resource sector stocks declined. News Corp is considering splitting its entertainment and news operations as the company struggles with multiple investigations.

Stocks Extend Losses, Microsoft Confirms $1.2 Deal to Buy Yammer

Bikram Pandey
25 Jun, 2012
New York City

On Wall Street stocks declined after investors voiced skepticism about the upcoming meeting of European leaders. Crude oil and commodities extended losses. Microsoft agreed to acquire enterprise networking services provider Yammer for $1.2 billion.

U.S. Movers: Quest Software, Linn Energy, Pioneer Drilling, RiM

Mukesh Buch
25 Jun, 2012
New York City

Fidelity National Financial agreed to acquire J. Alexander''''s for $72 million. Quest Software received proposal for $25.75a share. Linn Energy agreed to acquire properties valued $1.025 billion. Pioneer Drilling lowered second quarter outlook.

New Home Sales Rise to a 2-year High

Mukesh Buch
25 Jun, 2012
New York City

New home sales increased more than expected in May as construction surged in the Northeast. Median home prices edged up and inventory of unsold homes held below five months.

UK Indexes Lower, Household Finance Index Rises

Arthi Gupta
25 Jun, 2012
New York City

The UK indexes trended lower tracking the European markets and the UK household finance index rose in June. Shire plunged 13% after the FDA approved the abbreviated new drug applications for generic Adderall XR filed by Actavis.

World Markets and Wall Street Turn Gloomy on Euro Paralysis

Arthi Gupta
25 Jun, 2012
New York City

World markets are increasingly questioning the slow pace of leadership response as the debt crisis spreads in Europe. The expectations are low ahead of the next summit of European Union and markets in Asia and Europe traded lower as patience wear thin after two years of failed talks.

Market Update