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Market Update

U.S. Movers: Diamond Foods, FactSet, Jefferies, Sanderson Farms

Mukesh Buch
18 Dec, 2012
New York City

Diamond Foods first quarter net swung to loss as sales declined and FactSet Research first quarter net jumped 9% to $49.8 million and Jefferies Group fourth quarter net surged 48% to $71.6 million. Sanderson Farms fourth quarter net swung to profit.

UK Inflation at 2.7%, IMF Approves $1.17 B Disbursement for Ireland

Arthi Gupta
18 Dec, 2012
New York City

The UK annual inflation remained unchanged at 2.7% in November and home prices increased in October. Irish economy expanded in the third quarter. Rolls-Royce won a $1 billion contract from Japan-based Skymark Airlines.

U.S. Current Account Deficit Narrows, Budget Talks Progress

Arthi Gupta
18 Dec, 2012
New York City

U.S. current-account deficit narrowed in the third quarter. ConocoPhillips agreed to sell its Algerian business unit for $1.75 billion. Coca-Cola Enterprises affirmed full-year earnings guidance.

Spain Raises

Arthi Gupta
18 Dec, 2012
New York City

The European indexes gained on positive developments in fiscal cliff talks. Spain raised

Spanish Bad Loans Surge, Riksbank Slashes Repo Rate

Arthi Gupta
18 Dec, 2012
New York City

Spanish banks'' bad loans ratio reached record levels and Italian current account deficit narrowed in October. Swedish central bank cut its key interest rate by 25 basis points.

Europe Movers: Air Berlin, Allianz, Petrofac, Royal Imtech

Arthi Gupta
18 Dec, 2012
New York City

Allianz agreed to pay more than $12.3 million to settle SEC charges. Gerresheimer acquires Indian pharma plastic packaging manufacturer Triveni. Petrofac expects to deliver net profit growth of at least 15% in 2012.

Budget Talks Optimism Boosts U.S. Stocks

Bikram Pandey
17 Dec, 2012
New York City

Stocks on Wall Street gained on the progress in budget negotiations however lawmakers cautioned that a deal may be sealed next month. Commodities gained and the dollar eased. Liberal Democratic Party returned to power after five years lifting hopes for policy actions.

UK Home Prices Fall, BP Sells Stake in Sean Gas Field

Arthi Gupta
17 Dec, 2012
New York City

The UK indexes dropped after home prices fell in December. BP plc agreed to sell its interest in the Sean gas field to SSE for $288 million. AVEVA acquired Global Majic

LDP Reclaims Power in Japan; Yen at 20-Month Low, Tepco Surges 33%

Nigel Thomas
17 Dec, 2012
New York City

The opposition Liberal Democratic Party was voted with super majority in a general election in Japan. Nikkei index gained 0.9% and reached a new 8-month high and electric utilities surged. Tepco soared 33%. The yen declined to 20-month low.

U.S. Movers: AIG, Cisco, Sprint Nextel, Laclede Group

Mukesh Buch
17 Dec, 2012
New York City

AIG offers to sell $6.5 Billion of AIA shares. Cisco completed acquisition of privately held Cariden Technologies for $141 million. Sprint Nextel wins bid for Clearwire at $2.97 per share. Laclede Group agreed to buy two utilities from Southern Union valued $1.03 billion.

New York Manufacturing Drops, Sprint Completes Clearwire Deal

Arthi Gupta
17 Dec, 2012
New York City

The U.S. indexes gained on renewed optimism on fiscal cliff talks. Sun Life Financial agreed to sell its U.S. annuity business for $1.35 billion. Laclede agreed to acquire two Southern Union utilities in $1.035 billion deal.

Australian Index Falls, Uranium Miners Gain

Marcus Jacob
17 Dec, 2012
New York City

Australian stocks traded mixed and the benchmark index declined on a weakness in bank stocks. Uranium mining linked stocks traded higher after the opposition party was returned to power in Japan that favors restarting of nuclear power plants.

European Indexes Lower, GDF Suez Sells 60% Stake in Canadian Portfolio

Arthi Gupta
17 Dec, 2012
New York City

The European indexes edged lower on disappointing economic data. GDF Suez agreed to sell 60% equity interest in its Canadian renewable generation portfolio for

Euro Area Swings to Trade Surplus, French Economic Activity Falls

Arthi Gupta
17 Dec, 2012
New York City

German manufacturing employment rose, French economic activity declined and Italian trade surplus rebounded in October. Euro zone swung to a trade surplus in October.

Europe Movers: Banco Santander, Telenor, Novartis, KPN, H & M

Arthi Gupta
17 Dec, 2012
New York City

Zurich Insurance estimated aggregate claims net of reinsurance of about $700 million relating to storm Sandy. H & M November group total sales increased 7%. Linde agreed to acquire Calea France.