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Market Update

U.S. Holiday Sales Rise 0.7%, Toyota Raises 2013 Outlook

Arthi Gupta
26 Dec, 2012
New York City

U.S. indexes traded higher and the yen dropped to a 20-month low. Holiday sales period increase slowed to 0.7% on Washington gridlock. Covidien agreed to acquire CV Ingenuity. Toyota estimated 2013 worldwide sales to increase 2%.

Australian Stocks Gain, Another Suitor for Billabong

Marcus Jacob
24 Dec, 2012
New York City

Australian stocks gained in light trading led by the advance in resource and financial sector stocks. Billabong gained after the company opened books former board member Paul Naude for due diligence.

UK Home Prices Fall, BP in $7.8 Billion Settlement

Arthi Gupta
24 Dec, 2012
New York City

The UK indexes gained after home prices and household finance index fell in December. Smith & Nephew completed acquisition of Healthpoint Biotherapeutics. BP plc won a $7.8 billion settlement with the Gulf of Mexico oil spill victims.

U.S. Movers: Alexza, Duke Energy, Expedia, Herbalife, Disney

Mukesh Buch
24 Dec, 2012
New York City

Expedia agreed to acquire 62% equity in Germany based Trivago. Smith & Nephew agreed to buy Healthpoint Biotherapeutics for $782 million in cash. Disney acquired Lucasfilm valued $4.06 billion in cash and stock.

U.S. Stocks Fall on Short Trading Day

Arthi Gupta
24 Dec, 2012
New York City

U.S. indexes fell on fiscal cliff concerns. United Technologies agreed to divest its UTC Power fuel cells unit to ClearEdge. Walt Disney completed its acquisition of Lucasfilm.

Italian Prime Minister Monti Resigns, KBC to Sell Absolut Bank

Arthi Gupta
24 Dec, 2012
New York City

The European indexes declined in thin trading volume. KBC decided to sell its Russian banking subsidiary, Absolut Bank for

Nikkei Falls Back 1% Leading Asian Markets Decline

Nigel Thomas
21 Dec, 2012
New York City

The Nikkei index declined 1% after Asian markets sold off on the worries that U.S. lawmakers may not be able avoid differences and jeopardize anemic growth rate. The yen declined and resource sector stocks led the decliners.

Australian and Asian Markets Sell-Off

Marcus Jacob
21 Dec, 2012
New York City

Australian market indexes traded lower after Asian market sold off and commodities prices trended lower after U.S. lawmakers failed to resolve differences. Origin Energy agreed to sell its stake in a oil and condensate project for $287 million. Fairfax agreed to acquire tech investment firm.

UK GDP Growth Lowered, Aviva Sells US Business for $1.8 B

Arthi Gupta
21 Dec, 2012
New York City

The UK indexes fell after gross domestic product increased but current account deficit narrowed in the third quarter. UK consumer confidence declined in December. Aviva agreed to sell Aviva USA to Athene for $1.8 billion.

U.S. Movers: Bed Bath, ConAgra, Nike, Red Hat, Rite Aid, Walgreen

Mukesh Buch
21 Dec, 2012
New York City

Bed Bath third quarter net slipped 2% and ConAgra second quarter net surged 17%. Nike second quarter net declined 18% to $384 million. Rite Aid third quarter net swung to profit and Walgreen first quarter net declined 25%.

U.S. Durable Goods Orders Climb, Pinnacle to Acquire Ameristar for $2.8 B

Arthi Gupta
21 Dec, 2012
New York City

U.S. manufactured durable goods orders, personal income and spending rose more than anticipated in November. Pinnacle Entertainment agreed to acquire Ameristar for $2.8 billion. Mohawk is acquiring Marazzi for $1.5 billion in cash and equity.

European Indexes Lower, Avio Sells Aviation Business

Arthi Gupta
21 Dec, 2012
New York City

The European indexes declined. General Electric agreed to buy the aviation business of Italy-based Avio for $4.3 billion. ING agreed to sell Malaysian investment management business to Kenanga.

Euro Zone Economy Expanded in November, Spanish PPI Eases

Arthi Gupta
21 Dec, 2012
New York City

The euro zone economy expanded in November. German consumer sentiment is set to decline in January. Italian consumer confidence and French business confidence improved in December.

Europe Movers: Carnival, ArcelorMittal, Eni, Novartis, Technip, Nokia

Arthi Gupta
21 Dec, 2012
New York City

Carnival fourth quarter earnings slumped 57%. Technip won $1.25 billion offshore contract in Norway. Kl

ICE to Acquire NYSE Euronext, Stocks Ride Fiscal Cliff Talks Optimisim

Bikram Pandey
20 Dec, 2012
New York City

Stocks seesawed after lawmakers sparred but House Speaker Boehner sounded optimistic. Only 12-years old IntercontinentalExchange Group agreed to acquire NYSE Euronext Group for $8.2 billion and solidify its leadership in derivatives market and extend reach in Europe and challenge CME Group.