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Ministers to Discuss European Banking Union, Rosneft to Buy TNK-BP Stake

Arthi Gupta
12 Dec, 2012
New York City

European ministers are expected advance banking union negotiations today. Greece plans to buyback

Europe Movers: BHP Billiton, Fraport, Carillion, Peugeot, Inditex, Rosneft

Arthi Gupta
12 Dec, 2012
New York City

Fraport said passenger traffic fell 2.7% in November. BHP agreed to sell its stake in the Browse gas project to PetroChina for $1.63 billion. Peugeot planned to slash 1,500 jobs by 2014. Inditex nine months net sales rose 17% to

Nikkei in Tokyo Trades at 8-Month High

Nigel Thomas
12 Dec, 2012
New York City

Stocks in Tokyo held gains after North Korea successfully launched long-range rocket in defiance of international sanction. Defense contractors gained. The yen edged lower and resource sector stocks advanced after iron ore price rose.

Australian Markets Extend Gains on German Data

Marcus Jacob
12 Dec, 2012
New York City

Australian indexes extended gains for the second day on the rising iron ore prices and improving international economic sentiment. The latest German business confidence improvement added to positive momentum after China reported a rise in retail sales and industrial production.

Utilities Lead Decliners in Tokyo Trading, Resona and Banks to Loan Sharp

Nigel Thomas
11 Dec, 2012
New York City

The benchmark index in Tokyo edged lower for the second day in a row. Resona Holdings joined a group of three banks to offer an emergency loan of $4.4 billion to Sharp Corp.

Australian Index at Yearly High

Marcus Jacob
11 Dec, 2012
New York City

Australian benchmark index jumped to a high in the year after iron ore prices surged to the level last seen in July. Resource sector stocks led the gainers. Downer EDI jumped after it agreed to a settlement related to a Singapore tunnel dispute.

U.S. Movers: ABM Industries, Dollar General, Delta Air Lines, Ferrellgas

Mukesh Buch
11 Dec, 2012
New York City

ABM Industries fourth quarter net surged 54% and Dollar General third quarter net soared 22% to $208 million. Delta Air Lines agreed to buy 49% stake in Virgin Atlantic valued $360 million. Ferrellgas first quarter net loss narrowed.

U.S. Sells AIG Stake for $7.6 Billion, Delta Takes 49% Share in Virgin

Arthi Gupta
11 Dec, 2012
New York City

The U.S. Treasury sold its remaining stake in AIG. Belden agreed to acquire PPC for $515.7 million. Texas Instruments narrowed its estimated ranges for revenue and earnings per share.

HSBC Settles Money Laundering Charges for $1.9 B, European Markets Higher

Arthi Gupta
11 Dec, 2012
New York City

The European indexes rose after German economic confidence rebounded in December. French payroll employment fell in the third quarter. UK home prices declined in November.

Europe Movers: ThyssenKrupp, HSBC, ACE, Diageo, Whitbread

Arthi Gupta
11 Dec, 2012
New York City

ThyssenKrupp scraps dividend after annual loss widens. ACE lowered fiscal year operating income outlook. HSBC agreed to pay $1.92 billion to settle U.S. anti-money-laundering charges.

Resurgent Chinese Economic Data Lift Global Markets

Bikram Pandey
10 Dec, 2012
New York City

Stocks in New York gained following resurgent economic data from China. Growth in exports fell in November but retail sales and industrial production were sharply rebounded. Euro declined after the unexpected resignation from Italian prime minister.

AIG to Sell Aircraft Leasing Business, Honeywell to Buy Intermec

Arthi Gupta
10 Dec, 2012
New York City

AIG agreed to sell up to a 90% stake in ILFC for $5.28 billion. Ingersoll-Rand plans to spin-off its commercial and residential security businesses. Honeywell agreed to acquire Intermec for $600 million.

Italian Premier Monti Resigns, German Trade Surplus Shrinks

Arthi Gupta
10 Dec, 2012
New York City

The European indexes traded sideways after Italian premier Mario Monti resigned ahead of schedule. The euro zone investor confidence improved in December and Greek output rose in October. The Italian economy contracted in the third quarter, fifth quarterly shrinkage in a row.

Europe Movers: Air France-KLM, Basilea, STMicroelectronics

Arthi Gupta
10 Dec, 2012
New York City

STMicroelectronics decided to exit ST-Ericsson. Air France-KLM traffic rose 2.2% and BMW worldwide sales increased 26.4% in November. Rentokil completed acquisition of Western Exterminator Company and Eden Advanced Pest Technologies.

U.S. Jobless Rate Drops to 7.7%, Nonfarm Payrolls Rise

Arthi Gupta
07 Dec, 2012
New York City

U.S. indexes traded down on global economic slowdown worries. Yara agreed to acquire Bunge

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