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German Sentiment Deteriorates; Finland Jobless Rate Falls

Arthi Gupta
21 Jun, 2011
New York City

German economic sentiment deteriorated in June and leading index rose in April. Swiss economic growth forecasted to slow to 1.9% in 2012. The jobless rate in Finland declined in May.

Greece Debates Austerity Plan; European Indexes Higher

Arthi Gupta
21 Jun, 2011
New York City

The European indexes traded higher ahead of the crucial confidence vote by the Greek Prime Minister George Papandreou. Weatherford settled claims with BP relating to the Deepwater Horizon oil spill. Elekta agreed to buy Nucletron for

Nikkei in Tokyo Up on Weaker Yen; TDK Lifts Dividend

Nigel Thomas
21 Jun, 2011
New York City

Stocks in Japan increased for the second day in a row after investors focused on the domestic manufacturing recovery. TDK Corp gained after it increased dividend and estimated net to increase 11% in the current year.

Foster's Rejects SAB Miller Offer; Australian Stocks Follow Higher Oil

Marcus Jacob
21 Jun, 2011
New York City

Australian stocks edged higher following a rise in commodities and international markets. The Euro-zone ministers, ECB, IMF and Greece remain at odds in how to fund the last portion of first bailout. Foster

Dow Higher on Valuation, Deals; Euro in Rearview

Bikram Pandey
20 Jun, 2011
New York City

U.S. stocks gained for the third day in a row but broader indexes struggle as the valuation trade near the lows of two decades. Deals news and positive views on the Greek saga lifted indexes from the early weak opening. European indexes closed at the low of the day. Asian markets closed mixed.

U.S. Movers: Carpenter, Nabors, Panasonic, Travelers, PNC

Mukesh Buch
20 Jun, 2011
New York City

Carpenter agreed to acquire Latrobe Specialty Metals for $558 million. Nabors expects second quarter operating income to be between $165 million and $170 million. Travelers agreed to acquire 43% stack in Brazil insurance JMalucelli for $410 million. PNC agreed to acquire RBC Bank (USA) for $3.45 bn.

Utilities Lift Nikkei in Tokyo; Trade Deficit Surges

Nigel Thomas
20 Jun, 2011
New York City

Stocks in Japan declined in the early trading but recovered the losses in the afternoon after utilities closed higher. Japan government said nuclear plants can resume operation as scheduled after the successful testing. Mazda and Olympus rose on the higher earnings estimates.

UK Home Prices Rise; Rolls-Royce Wins $2.2 B Order from TAM

Arthi Gupta
20 Jun, 2011
New York City

The UK indexes fell. The UK gross mortgage lending rose in May and home prices gained in June. Rolls-Royce secured $2.2 billion contract from Brazil-based TAM Airlines. Rexam agreed to sell Closures to U.S.-based Berry Plastics for $360 million.

U.S. Indexes Lower; PNC Financial, RBC Bank in $3.45 B Deal

Arthi Gupta
20 Jun, 2011
New York City

U.S. indexes declined on the ongoing worries related to the euro-zone. PNC Financial agreed to buy RBC Bank for $3.45 billion. Boeing won $1.7 billion order from Qatar Airways. Colgate purchased Sanex personal care brand from Unilever for $952 million.

Euro Area Deficit Widens; German PPI Eases

Arthi Gupta
20 Jun, 2011
New York City

Euro-zone hourly labor cost climbed in the first quarter and current account deficit widened in April. French new industrial orders rose in April. German producer price inflation slowed in May.

Australian Index Drops 0.7%; Caltex Lowers Outlook

Marcus Jacob
20 Jun, 2011
New York City

Australian stocks dropped as markets in Asia declined after the euro-zone finance ministers failed to agree on Greek bailout terms and delayed the decision to early July. The uncertainty and rising prospect of Greek defaults unnerved the Asian markets. Caltex lowered its profit estimate.

Europe Defer Aid to Greece; Indexes Slump

Arthi Gupta
20 Jun, 2011
New York City

The European indexes slumped after euro-zone finance ministers failed to reach a consensus on the disbursement of the second tranche of aid to Greece. Publicis Groupe agreed to acquire Genedigi for further expansion in China.

U.S. Indexes Surrender Gains; IMF Lowers World Oulook

Bikram Pandey
17 Jun, 2011
New York City

U.S. stocks surrendered early gains after expectations of a resolution on Greek debt lifted sentiment in the morning. The IMF lowered the estimate of world economic growth to 4.3%, for U.S. to 2.5% and euro-zone to 2%. China and India are expected to grow at 9.6% and 8.2% respectively.

U.S. Movers: Capital One, Lender Processing, RiM, Steel Dynamics

Mukesh Buch
17 Jun, 2011
New York City

Capital One agreed to acquire ING Direct from ING Groep in $9 billion. Lender Processing estimated second quarter earnings per share in the range of $0.54 to $0.56. Research In Motion first quarter net income declined 9.5% to $695 million and guided lower sales and earnings in the current quarter.

UK Indexes Climb; Vallares IPO Raises $2.2 Billion

Arthi Gupta
17 Jun, 2011
New York City

The UK indexes climbed on optimism for a resolution to the Greece sovereign debt crisis. ARM agreed to acquire U.S.-based Obsidian Software. CSR and Zoran agreed to revised terms for proposed merger. Vallares raised

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