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U.S. Jobless Claims Rise 26,000; Cumulus, Citadel in $2.4 Billion Deal

Arthi Gupta
10 Mar, 2011
New York City

U.S. indexes scaled lower after China reported a trade deficit. U.S. weekly jobless claims rose, trade deficit widened more than estimated and foreclosure filings declined. HCA Holdings raised $3.79 billion in IPO. Cumulus agreed to acquire Citadel Broadcasting for $2.4 billion.

European Indexes Falter after Spain Downgrade; BMW Net Surges

Arthi Gupta
10 Mar, 2011
New York City

European indexes fell after ratings agency Moody

Sensex Declines 0.7%; India's Exports Surge 50%

Devan Biswas
10 Mar, 2011
New York City

Stocks in Mumbai declined on a weakness in global markets and crude oil traded near recent highs. The latest read on inflation showed a decline in food prices. Exports in February increased 49.8% to $23.6 billion but trade deficit hovered near $8 billion.

Shanghai Drops 1.5% on China Trade Deficit; Auto Sales Rise 2.9%

Devan Biswas
10 Mar, 2011
New York City

Stocks in Shanghai fell after China reported its first monthly trade deficit in nearly a year as imports rose at a faster pace than exports. For the two months to February China slipped into a deficit. Automakers declined after February auto sales rose 2.9% from a year ago.

Nikkei Falls 1.5%; Exchanges in Tokyo and Osaka to Explore a Merger

Nigel Thomas
10 Mar, 2011
New York City

Tokyo indexes closed lower after China reported its first monthly trade deficit and Libya remained in focus. Japan revised its last quarter economic decline to 1.3% from the previous estimate of 1.1% fall. Tokyo Stock Exchange Group and Osaka Securities Exchange are reported to explore a merger.

Australian Index Drops 1.4%; Job Cuts Surprise Economists

Marcus Jacob
10 Mar, 2011
New York City

Australian indexes declined as markets in Asia fell and resource prices edged lower. Australian economy lost 10,100 jobs in February and inflation expectation declined according to a private survey. Rio Tinto lifts its conditional offer for Riversdale to $16.50 a share.

U.S. Movers: American Eagle, Navistar, Finisar, Children's Place, Visteon

Mukesh Buch
09 Mar, 2011
New York City

AeroVironment Inc increased 12% after it reported better than expected earnings. Finisar Corp dropped after it guided lower fourth quarter earnings. Children

UK Trade Deficit Narrows; Prudential Net Surges 112%

Arthi Gupta
09 Mar, 2011
New York City

The UK indexes slid after trade deficit narrowed, shop price inflation increased, and job growth accelerated. Rolls-Royce won order from Cathay Pacific for Trent 700 engines. Prudential and Tullow net surge.

World Markets Struggle on the Second Anniverasy of Bull Market

Bikram Pandey
09 Mar, 2011
New York City

U.S. markets struggled and European markets declined after crude oil prices gained. Uncertainty in Libya overshadowed worldwide trading. U.S. mortgage application rose to a one-year high. Exxon Mobil plans to increase capital spending this year 6% to $34 billion.

U.S. Mortgage Applications Rise 16%, AIG Repays $6.9 B to Treasury

Arthi Gupta
09 Mar, 2011
New York City

U.S. indexes struggled after crude oil and gold gained on uncertainty in Libya. AIG repaid about $6.9 billion to the Treasury. Stocks edged lower on the second anniversary of bull market that saw near double in indexes.

Portugal Bond Auction Raises

Arthi Gupta
09 Mar, 2011
New York City

The European indexes rose after German industrial production rebounded in January. Portugal completed 2-year bonds auction raising

India Awaits Production Data; Reliance Comm Finalizes $1.9 Billion Loan

Devan Biswas
09 Mar, 2011
New York City

Stocks in Mumbai closed higher as gold and silver traded near record prices. Market is awaiting industrial production data on Friday. After the close China Development Bank finalized the $1.9 billion loan facility for Reliance Communications.

Stocks in Shanghai, Hong Kong Edge Higher; Cathay Pacific Net Triples

Devan Biswas
09 Mar, 2011
New York City

Stocks in Shanghai were flat and investors focused on domestic issues. The policy makers are expected to announce more measures to curb property speculation and facilitate the sale of affordable homes. Hong Kong index increased as banks gained.

Nikkei in Japan Up 0.6%, Machinery Orders Up 4.2%; KDDI Gains

Nigel Thomas
09 Mar, 2011
New York City

Stocks in Japan increased after oil prices eased and indexes in Europe and U.S. closed higher in overnight trading. Machinery orders in January increased 4.2% on higher overseas demand. Dainippon Screen, Dai-Ichi Life and Yasakawa were added to Nikkei 225 Stock Average.

OZ Minerals to Pay $250 Million for Carapateena Project; Qantas Hikes Fares

Marcus Jacob
09 Mar, 2011
New York City

Stocks in Australia declined as metals and energy prices eased in international markets. OZ Minerals agreed to pay $250 million to acquire a copper-gold project in South Australia. Resource stocks and banks closed lower in trading.

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