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Euro Zone M3 Growth Improves, Spanish Retail Sales Fall

Arthi Gupta
28 Nov, 2012
New York City

The European Commission approved restructuring plans of four Spanish banks. Italy raised

Europe Movers: BP, Eni, Telford Homes, Thomas Cook, United Utilities

Arthi Gupta
28 Nov, 2012
New York City

BP agreed to sell package of central North Sea assets to Taqa for $1.1 billion. Smith & Nephew agreed to acquire Healthpoint Biotherapeutics for $782 million. Swiss Life estimates net profit in double-digit millions and Thomas Cook loss widens for the full year.

U.S. Markets Fall as Lawmakers Spar on Budget Details

Bikram Pandey
27 Nov, 2012
New York City

Market indexes on Wall Street declined as lawmakers showed little progress in settling difference to avoid the so called fiscal cliff. European ministers and lenders agreed to cur Greek debt and offer cheaper and interest free loans as a part of a bailout.

Durable Goods Orders Flat, Home Prices Up in September

Nichole Harper
27 Nov, 2012
New York City

U.S. stocks declined after Greek deal euphoria lifted indexes at the opening. ConAgra agreed to acquire private-label food maker Ralcorp for $6.8 billion. Consumer confidence increased in the month and durable goods orders were flat in October. Home prices rose 0.3% in September.

Nikkei Gains 0.4%, Yen Weakens on Stimulus Calls

Nigel Thomas
27 Nov, 2012
New York City

Nikkei index gained to a new 7-month high as the yen traded near 8-month low after opposition leader called for more fiscal and monetary easing to lift economic growth. Exporters to Europe gained after ministers agreed on a Greek debt and bailout fund release plan.

Australian Index Jumps 0.7%, CSL Lifts Profit Outlook

Marcus Jacob
27 Nov, 2012
New York City

Australian stocks edged higher after euro zone ministers struck a bargain that included a package of incentives and conditions to release the next tranche of bailout funds for Greece. Former chiefs of Qantas enter in talks with pilots to gain control. CSL lifted its annual net outlook by 20%.

U.S. Movers: ConAgra, Hillenbrand, Ralcorp, ADT Corp., Thor

Mukesh Buch
27 Nov, 2012
New York City

ConAgra agreed to buy Ralcorp for $5 billion in cash. Hillenbrand fourth quarter net climbed 6% and Ralcorp fourth quarter net loss narrowed. ADT Corp. quarterly net increased 1% to $94 million. Thor first quarter net surged 38%.

Euro Zone Ministers Agree on Debt Reduction Measures for Greece

Barry Randall
27 Nov, 2012
New York City

European markets traded at a 3-year high after ministers agreed to release next tranche of bailout to Greece and lower projected debt by 2022. The political will to forgo Greek debt lifted the euro. The O.EC.D lowered its economic outlook across 34 member nations.

U.S. Stocks Decline as Greek Aid, Fiscal Cliff Talks Drag

Nichole Harper
26 Nov, 2012
New York City

Stocks in New York traded lower after White House economists warned the impact of sudden one-time tax increase on middle-income tax payers. Retailers were in focus after the strong start of holiday retail sales. SEC Chairman Mary Schapiro decided to step down from December 14.

White House Economists Warn Tax Implications, Shoppers Swarm Retail Stores

Nichole Harper
26 Nov, 2012
New York City

Stocks in New York traded lower after economists warned that a sudden increase in taxes next year could reduce consumer spending by $200 billion. Retailers reported surge in holiday shoppers as discounts and early hours drove consumers to stores.

Nikkei at 7-Month High as Yen Trades Near 8-Month Low

Nigel Thomas
26 Nov, 2012
New York City

Stocks in Tokyo closed higher and the yen traded near 8-month low on the rising speculation that the central bank may be forced to take additional measures to stimulate the economy and weaken the yen. Fitch lowered credit rating of Panasonic and Sony to junk level.

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