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Resource Prices Lift Australian Markets, Billabong in Play Again

Marcus Jacob
19 Nov, 2012
New York City

Australian market indexes and the dollar closed higher after resource prices increased. Billabong

U.S. Home Sales Rise 2.1%, Cisco to Buy Meraki for $1.2 B

Arthi Gupta
19 Nov, 2012
New York City

U.S. indexes advanced as lawmakers show willingness to avert so called fiscal cliff and existing home sales increased for the seventh month in a row. Cisco agreed to acquire Meraki for $1.2 billion and Electronics for Imaging agreed to buy Technique.

UK Home Prices Fall, HSBC in Talks to Sell Ping An Stake

Arthi Gupta
19 Nov, 2012
New York City

The UK indexes rose and average asking price for a home fell in November. Households in the UK report slowest deterioration in their finances in almost two years. Lloyds agreed to sell its Irish commercial real estate loans portfolio to Risali for

U.S. Movers: Cisco, Lowe

Mukesh Buch
19 Nov, 2012
New York City

Cisco agreed to buy Meraki Inc. for $1.2 billion in cash. Medtronic purchased China based Kanghui Holdings for $755 million. Lowe

European Indexes Rise 1.5%, New Record in Spanish Bad Loans

Arthi Gupta
19 Nov, 2012
New York City

The European indexes soared ahead of the euro zone finance ministers meeting in Brussels tomorrow. Euro zone finance ministers discuss offering more time to Greece to implement austerity measures. Spanish bad loans surge to a new record in September.

Euro Zone Construction Falls 1.4%, Italian Industrial Orders Down 4%

Arthi Gupta
19 Nov, 2012
New York City

Euro zone construction activities fell in September 1.4%. French leading economic index rose for the third month in a row. Greek current account swung to a surplus. Italian industrial new orders declined more than estimated.

Europe Movers: ING, Natuzzi, Intertek, HICL, Daimler

Arthi Gupta
19 Nov, 2012
New York City

Natuzzi third quarter net loss narrowed to

U.S. Movers: Autodesk, Dell, Hibbett, Sears, Smucker, Target, Wal-Mart

Mukesh Buch
16 Nov, 2012
New York City

Autodesk third quarter net plunged 58% and Dell quarterly net plummeted 47% on weak demand. Sears third quarter net loss widened to $498 million and Target net jumped 15%. Gap third quarter net surged 60% and Wal-Mart net soared 9%.

U.S. Indexes Fall, Dell Net Slumps 47%

Arthi Gupta
16 Nov, 2012
New York City

U.S. indexes declined as law makers jostle for budget negotiations. Dell quarterly earnings slumped 47%.

European Indexes Lower, Trade Surplus Rises

Arthi Gupta
16 Nov, 2012
New York City

The European indexes edged lower after euro zone trade surplus rose in September. European new car sales fell in October. Graphic Packaging agreed to acquire Contego for

Europe Movers: BP, Henkel, Lafarge, Reckitt Benckiser, Volvo

Arthi Gupta
16 Nov, 2012
New York City

Aegis total group revenue rose 14.5% and Henkel sales rose 6.6% to

U.S. Jobless Claims Soar, Consumer Prices Rise 0.1%

Arthi Gupta
15 Nov, 2012
New York City

U.S. indexes traded sideways after jobless claims soared and consumer prices increased. Starbucks agreed to acquire Teavana for about $620 million. Wal-Mart quarterly sales rose 3.4% to $113.2 billion.

Euro Zone Inflation at 2.5%, UK Retail Sales Decline

Arthi Gupta
15 Nov, 2012
New York City

The European indexes declined after inflation in the euro area and the UK retail sales fell in October. The French and German economy expanded 0.2% in the third quarter.

Europe Movers: Ahold, Bouygues, Merck, National Grid, Air Berlin

Arthi Gupta
15 Nov, 2012
New York City

Zurich Insurance net income plunged 62% to $477 million and Ahold earnings slumped 46% to

U.S. Retail Sales Decline 0.3%, Producer Prices Fall 0.2%

Arthi Gupta
14 Nov, 2012
New York City

U.S. indexes traded higher after retail sales and producer prices declined in October. General Mills reaffirmed fiscal year 2013 earnings guidance. Staples swung to third quarter loss.

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