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Euro Zone Inflation Rises to 2.6%, Spanish Home Prices Slump

Arthi Gupta
14 Sep, 2012
New York City

Euro area annual inflation increased to 2.6% in August but employment was stable in the second quarter. Hungarian production fell but Italian surplus rose in July. Spanish home prices slumped in the second quarter.

Europe Movers: Bayer, Drillisch, Volkwagen, Wolford

Arthi Gupta
14 Sep, 2012
New York City

Bayer agreed to acquire the U.S. animal health business of Teva for up to $145 million. Gerry Weber third quarter sales revenues climbed 22% to

European Indexes Soar 2%, Unemployment Rate Stable

Arthi Gupta
14 Sep, 2012
New York City

The European indexes soared after the U.S. Federal Reserve began the third round of stimulus action. Euro area annual inflation increased and net borrowing by Spanish banks rose in August. G20 gross domestic product growth slowed in the second quarter.

Fed Pledges Open-Ended Bond Buying; Stocks, Gold Surge 2%

Bikram Pandey
13 Sep, 2012
New York City

The Federal Reserve opened a new round of unconventional measures to tackle the chronic high unemployment rate. The latest round of mortgage bond buying follows $2.3 trillion of bond purchase in the last two measures since November 2008. Financial markets gained. Gold added 2% and silver jumped 4%.

Shippers Rebound in Tokyo Trading; Itochu and Dole in a $1.6 B Deal

Nigel Thomas
13 Sep, 2012
New York City

Stocks in Tokyo closed higher and the yen firmed for the third day in a row. Shipping companies led the market gainers on the prospect of higher container rates. Murata Manufacturing, Meiko, Sumida and TDK surged after Apple released thinner and faster mobile phone.

U.S. Movers: K12, Perrigo, Pier 1, Pall Corp., Pluristem Therapeutic

Mukesh Buch
13 Sep, 2012
New York City

K12 Inc fourth quarter swung to profit. Perrigo to acquire privately held Sergeant''''s Pet Care Products Inc. for $285 million and the specialty retailer Pier 1 second quarter net surged 58%. Pall Corporation net slumped 12% to $86.2 million.

Australian Mining Jobs Decline, Fortescue Debt Worries Weigh on Markets

Marcus Jacob
13 Sep, 2012
New York City

Australian stocks declined in the final hour of trading after the third largest miner Fortescue Metals sought help of banks in restructuring its debts. Mining sector employment declined for the first time in three months to August by 4,600.

U.S. Weekly Claims Rise, FirstMerit to Acquire Citizens Republic

Arthi Gupta
13 Sep, 2012
New York City

U.S. indexes slid after weekly jobless claims rose more than estimated. U.S. producer prices and foreclosure filings climbed in August. FirstMerit agreed to acquire Citizens Republic Bancorp for $912 million.

Europe Movers: Ace, EADS, John Wood, Next

Arthi Gupta
13 Sep, 2012
New York City

Ace agreed to acquire Fianzas Monterrey for $285 million. EADS plunged 8% on merger talks with BAE Systems. Next first-half revenue rose 4.8% to

Dutch Voters Favor Prime Minister, Switzerland Holds Rates

Arthi Gupta
13 Sep, 2012
New York City

Italy sold

EADS and BAE in Merger Talks, World Markets Calm

Bikram Pandey
12 Sep, 2012
New York City

U.S. market indexes closed flat. Apple Inc released thinner and lighter iPhone that will operate on the fastest networks. The parent of Airbus and UK based BAE Systems are in merger talks. Two leading parties in Holland are struggling to gain a ruling majority.

U.S. Movers: Chesapeake Energy, Mediware, Texas Instruments, Xyratex

Mukesh Buch
12 Sep, 2012
New York City

Chesapeake Energy sells its assets to Shell and Chevron for $6.9 billion. Globecomm lowered fiscal outlook. Mediware agreed to go private. PMFG net swung to loss. Texas Instruments lowered third quarter guidance.

Machinery Orders in Japan Rise for the Second Month, Oki Electric Down 11%

Nigel Thomas
12 Sep, 2012
New York City

Stocks in Tokyo surged for the second day in a row after machinery orders increased and investors reacted positively to the comments from Chinese officials. Stocks in resource sector and linked to domestic economy were in favor. Oki Electric plunged 11%.

U.S. Import Prices Climb, Apple Release Awaited

Arthi Gupta
12 Sep, 2012
New York City

U.S. indexes gained after Germany ratified the European Stability Mechanism. U.S. import prices rose less than estimated in August. The IEA revised global oil demand forecast for 2012 and 2013. Texas Instruments narrowed third quarter revenue outlook.

Australian Markets Rebound, Iron Ore Price Above $100

Marcus Jacob
12 Sep, 2012
New York City

Australian markets traded sharply higher and iron ore price jumped above $100 a ton. Mining companies gained after Chinese officials offered to increase stimulus if needed.

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