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Market Update

World Markets Consolidate, Auto Sales Exceed Expectations

Bikram Pandey
02 Oct, 2012
New York City

Wall Street gains evaporated after hopes of immediate bailout for Spain receded. Markets consolidated recent gains after indexes surged more than 6% in the last five weeks and broader indexes gain more than 14% in the year.

Wiley to Purchase Deltak.edu for $220 Million

Devan Biswas
02 Oct, 2012
New York City

John Wiley said it agreed to acquire online education service provider Deltak.edu for $220 million.

Early Gains in New York Evaporate

Nichole Harper
02 Oct, 2012
New York City

Wall Street edged lower after opening sharply higher as Fed Chairman Bernanke offered cautious views on the economy. Investors look ahead at the meeting of central banks this week. Chrysler led September sales with a rise of 12%.

Spanish Bailout Hopes Extend European Markets

Devan Biswas
02 Oct, 2012
New York City

European markets extended gains for the second day on the hopes that Spanish bailout is in works and may be finalized as early as this weekend. Greece and troika inspectors struggled to finalize austerity steps before the release of next bailout tranche. The euro edged higher from a three-week low.

Wall Street Higher on Manufacturing Rebound, Retailers Add Seasonal Staff

Nichole Harper
01 Oct, 2012
New York City

Stocks on Wall Street advanced after the latest manufacturing survey indicated a rebound and new orders index also gained in September. Macy

European Markets Advance 1.5%; Record Euro Zone Unemployment

Bikram Pandey
01 Oct, 2012
New York City

Financial markets across Europe gained after Spain was deemed to need less than previously expected in a bank bailout. However, the broader economic outlook in the region remained week as unemployment surged to a record high of 11.4%.

Bailout Waiting Game for Spain May End Soon, World Markets Fall

Arthi Gupta
26 Sep, 2012
New York City

U.S. indexes tracked lower European markets after protests in Spain and Greece lifted tensions in the bond market and Spanish yields rose near 6%. Ford plans jobs cut in Europe. Onex agreed to acquire KraussMaffei for

Europe Movers: Infineon, Banco Santander, ICAP, LSE

Arthi Gupta
26 Sep, 2012
New York City

Infineon revised fourth quarter revenue guidance. Banco Santander priced initial public offering of its Mexican subsidiary. ICAP estimated first-half group revenue to be lower than the previous year.

Unrests in Greece and Spain Drag Euro Zone Markets 2%

Arthi Gupta
26 Sep, 2012
New York City

The European indexes dropped more than 2% as politicians face street protests. Italy raised

Wall Street Turns Lower on Fed Dissent, Home Prices Strengthen

Bikram Pandey
25 Sep, 2012
New York City

U.S. stocks drifted lower at close after a Fed official criticized the latest stimulus plan from the Fed and Caterpillar lowered its outlook in 2015. Metropolitan home prices in twenty largest cities increased for the third month in a row.

U.S. Movers: Carnival, FactSet, Neogen, Paychex, Red Hat, Staples

Mukesh Buch
25 Sep, 2012
New York City

Carnival Corp profit nearly was flat and FactSet net jumped 19%. Neogen net climbed 12% and Red Hat net declined 13%. Paychex estimated fiscal revenues to increase as much as 6%. Staples announced restructuring. Vail Resorts lowers its fiscal outlook.

Japanese Stocks Rise Ahead of Dividend Deadline

Nigel Thomas
25 Sep, 2012
New York City

Stocks in Tokyo advanced ahead of the interim dividend deadline. Machinery and equipment makers declined after Caterpillar lowered its 2015 outlook. Panasonic, Toyota and Sony were among the companies the closed higher ahead of going ex-dividend tomorrow.

Australian Markets Ease; Fortescue Awards $1.5 B Contract to Leighton

Marcus Jacob
25 Sep, 2012
New York City

Australian markets traded lower after commodities and iron ore prices declined. Fortescue Metals awarded $1.5 billion mine management contract to Leighton Holdings.

U.S. Indexes in Early Advance, Caterpillar Lowers Outlook

Arthi Gupta
25 Sep, 2012
New York City

U.S. indexes trend higher in early pre-market trading. The IMF Chief Lagarde urged European policymakers to approve single banking authority. Caterpillar lowered earnings guidance for 2015. C.H. Robinson agreed to acquire Phoenix International.

Europe Movers: Cairn, Diageo, Sanofi, Suedzucker

Arthi Gupta
25 Sep, 2012
New York City

Diageo confirmed that it is in talks to acquire an interest in United Spirits. Sanofi planned to slash approximately 900 jobs in France by the year 2015. Smurfit Kappa Group agreed to acquire Orange County Container Group for $340 million.