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Stocks on Wall Street Ease, SoftBank Pursues Sprint

Maureen Salinas
11 Oct, 2012
New York City

Crude oil jumped after Turkey forced Air Syria fight with 35 passengers to land in Ankara and claimed it found Russian military equipment and armament. SoftBank is reportedly in discussion with SprintNextel that may lead to a $15 billion deal.

U.S. Jobless Claims Slump, Trade Deficit Widens

Arthi Gupta
11 Oct, 2012
New York City

U.S. indexes climbed after jobless claims decreased 30,000 to 339,000, trade deficit widened in August and foreclosure filings declined in the third quarter. Wal-Mart targeted sales increase between 5% and 7% in fiscal 2014.

Telenor Dissolves India Venture Before Wireless Auction

Arthi Gupta
11 Oct, 2012
New York City

Telenor ASA, the Norway-based telecommunication company said it has reached an agreement with its Indian wireless joint venture partner Unitech Ltd. to amicably settle all disputes between the two parties.

European Markets Jump, Spanish Debt Downgraded

Arthi Gupta
11 Oct, 2012
New York City

The European indexes gained more than 1% and Spanish debt was downgraded to near junk level. Italian three-year bond yields rise in auction. German consumer prices climbed in September and Greek jobless rate rose to a new record in July.

Europe Movers: Burberry, Carrefour, Glencore, ING, RBS, S

Arthi Gupta
11 Oct, 2012
New York City

ING agreed to sell its insurance operations in Malaysia to AIA for

Wall Street in 4-Day Decline; Cummings, HR Block, Chevron Fall

Bikram Pandey
10 Oct, 2012
New York City

Stocks on Wall Street were on the defensive for the fourth day in a row as world economic outlook weakened and the euro zone struggles with the rising debt tensions and the U.S. drifts towards a fiscal cliff. Alcoa, Chevron and Cummings were in focus.

UK GDP Expands 0.8%; Danaher, Cooper to Sell Apex Tool

Arthi Gupta
10 Oct, 2012
New York City

The UK indexes traded lower but gross domestic product grew 0.8% in the three months to September. Danaher and Cooper agreed to sell Apex Tool to Bain Capital for $1.6 billion.

U.S. Wholesale Inventories Rise, Alcoa Earnings Disappoint

Maureen Salinas
10 Oct, 2012
New York City

U.S. indexes fell and wholesale inventories rose in August. Toshiba agreed to acquire Shaw Group''''s stake in Westinghouse for $1.60 billion and Cytec agreed to divest its coating resins business to Advent. Bain Capital agreed to buy Apex Tool for $1.6 billion.

IMF Estimated Larger Bank Asset Sales, BAE, EADS Terminate Merger Talks

Arthi Gupta
10 Oct, 2012
New York City

The European indexes edged lower on the escalating fiscal worries in the region. Italy raised

Europe Movers: Lufthansa, Peugeot, Fiat, BAE Systems

Arthi Gupta
10 Oct, 2012
New York City

BAE Systems and EADS decided to terminate their merger discussions on political obstacles and the prospect of losing defense business in the U.S. Lufthansa passenger traffic rose in September.

German Wholesale Inflation Soars 4.2%, Italian Production Falls 5.2%

Arthi Gupta
10 Oct, 2012
New York City

German wholesale price inflation soared in September. French output rose, Italian production declined but production in Greece rebounded in August.

World Markets Slide after IMF Sounds Global Recession Risk Alarm

Barry Randall
09 Oct, 2012
New York City

Financial markets across the Atlantic turned cautious after the IMF lowered its global outlook and raised the prospect of a global recession. South African Rand drops to a 3-year low and Iran struggles to stabilize its devastated currency.

UK Output Declines, Deficit Widens

Arthi Gupta
09 Oct, 2012
New York City

The UK indexes fell after manufacturing output declined and trade deficit widened in August. SSE completed the acquisition of Endesa Ireland for

IMF Lowers Global Growth Outlook, Indexes Decline

Arthi Gupta
09 Oct, 2012
New York City

U.S. indexes declined after the IMF lowered global growth outlook. Principal Financial agreed to acquire Chile-based pension company Cuprum for $1.5 billion. Spectrum Brands agreed to acquire Stanley Black & Decker unit for $1.4 billion.

European Indexes Sideways, ESM Launched

Arthi Gupta
09 Oct, 2012
New York City

The European indexes traded sideways and the IMF raised the prospect of recession in the euro zone to 80%. German Chancellor Angela Merkel faces widespread protests in Athens. The ECB President Draghi estimated weak economic activity in the euro zone.

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