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Market Update

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

Wall Street Lower on German Data, Apple Sells 5 Million iPhone Devices

Arthi Gupta
24 Sep, 2012
New York City

U.S. indexes opened lower as the attention in the euro zone crisis shifted to Spain and France and German business confidence declined. Tomkins agreed to sell its air distribution division for $1.1 billion. Home builders Lennar and KB Home gained on quarterly results.

Australian Fiscal Deficit Below Estimates, Weak Resource Stocks

Marcus Jacob
24 Sep, 2012
New York City

Australian markets and dollar were on the defensive and the government reported smaller than expected final fiscal year budget deficit in the previous year. Resource stocks were on the decline after commodities prices fell in local trading.

Budgets from Spain and France in Focus as Sentiment Sours

Arthi Gupta
24 Sep, 2012
New York City

The European indexes edged lower ahead of draft budgets from Spain and France. Germany sold

German Confidence Declines, Dutch Economy Expands 0.2%

Arthi Gupta
24 Sep, 2012
New York City

German business sentiment declined for the fifth month in a row in September. Hungarian retail sales declined in July. The Dutch economy expanded in the second quarter. Italian non-EU deficit narrowed in August.

Europe Movers: Aryzta, Julius Baer, Syngenta, TNT Express

Arthi Gupta
24 Sep, 2012
New York City

Julius Baer plans to cut up to 880 jobs at overseas wealth management business of Merrill Lynch. Aryzta full year group revenue rose 8.5% to

World Markets Consolidate, Spain and Euro Zone in Focus

Bikram Pandey
21 Sep, 2012
New York City

World markets consolidate after solid advances in the last two weeks powered by moves from central banks. The S&P 500 index closed down for the first time in three weeks. Gold and oil rebounded. Glencore delays Xstrata merger plan. Japan Airlines sinks below its offer price.