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Australia Holds Surplus Outlook; GrainCorp, Virgin, Newcrest in Focus

Marcus Jacob
28 Aug, 2012
New York City

Defensive sector stocks in Sydney closed higher as investors focused on utilities, banks and pharmaceutical companies. Global economic backdrop weakened after Japan lowered its assessment. Treasurer Swan held his surplus target and outlook.

Spanish Economy Contracts 0.4%, German Confidence Stable

Arthi Gupta
28 Aug, 2012
New York City

German consumer confidence is expected to remain stable in September. French unemployment and euro zone money supply growth rose in July. Spanish economy contracted 0.4% in the second quarter. Hungarian central bank cut key rate by 25 basis points.

Europe Movers: Credit Agricole, Ipsen, Vestas

Arthi Gupta
28 Aug, 2012
New York City

Credit Agricole second quarter net income plunged 67% on Intesa impairment charges and Greek costs. Ipsen first-half total revenues rose 9% to

European Indexes Lower, ECB Speculation Dominates

Arthi Gupta
28 Aug, 2012
New York City

The European indexes declined after Japan lowered growth assessment. Spanish and Italian borrowing costs fell in bond auctions today. German consumer confidence set to remain stable in September. Credit Agricole second quarter net income plunged 67%.

Global Deal Making Drives Markets on Monday

Bikram Pandey
27 Aug, 2012
New York City

World markets held out the prospect of central bank action and the latest data from China offered another indication of slowing economy. Deal making was in full swing. IBM announced a purchase of human resource services provider and Hertz and Dollar Thrifty Group finally sealed an agreement.

Nikkei in Tokyo Advances on Central Bank Hopes

Nigel Thomas
27 Aug, 2012
New York City

Stocks in Tokyo rebounded on the hopes that the central banks in Europe and the U.S. will provide substantial new stimulus measures after political leaders in Europe failed to offer concrete steps in the near term. China focused companies declined after the latest profit estimate.

BHP Sells Uranium Project to Cameco, Australian Stocks Flat

Marcus Jacob
27 Aug, 2012
New York City

Stocks in Sydney traded in a tight range and closed lower as investors focused on international events. Spot gold price increased to a 4-month high. BHP agreed to sell the largest undeveloped uranium mine in Western Australia to Cameco for $430 million.

U.S. Movers: Apple, AOL, Donaldson, Hertz, IAC, Supervalu, Tiffany

Mukesh Buch
27 Aug, 2012
New York City

AOL Inc declared a special cash dividend and $600 million buyback plan. Hertz agreed to buy Dollar Thrifty for $2.3 billion. IAC acquired About.com valued $300 million from New York Times Company. Supervalu is looking for a buyer. Tiffany lowered fiscal outlook.

Hertz to Buy Dollar Thrifty, Apple Wins Round One Against Samsung

Arthi Gupta
27 Aug, 2012
New York City

U.S. indexes traded higher ahead of Fed Chairman Bernanke speech. A California jury awarded $1 billion to Apple Inc in a patent lawsuit against Samsung that may be trimmed on the appeal. Hertz agreed to acquire Dollar Thrifty for $2.3 billion and Deltek agreed to go private for $1.1 billion.

German Sentiment Declines, Samsung Acquires 3% Stake in ASML

Arthi Gupta
27 Aug, 2012
New York City

The European indexes gained on central bank optimism. UK home prices fell and German business confidence weakened in August. Euro zone economic activity remained unchanged in July. Samsung agreed to invest

Wall Street Halts Six-Week Rally as Questions Loom on Global Economy

Bikram Pandey
24 Aug, 2012
New York City

World markets completed a tumultuous week of trading on a higher note but for the week indexes on Wall Street declined. Markets halted a six-week long rally as every day economic indicators in the U.S., Europe, China and Australia pointed weakening backdrop.

Nikkei Halts 2-Week Rally on Export Worries

Nigel Thomas
24 Aug, 2012
New York City

Stocks in Tokyo traded lower and halted a two-week rally in market indexes as more signals emerge of the global slowdown. Investors took profit in thin trading as the prospects of immediate stimulus in Europe and the U.S. looked remote.

Raging Debate on Australian Mining Boom, First Decline in Woolworths Net

Marcus Jacob
24 Aug, 2012
New York City

Australian indexes halted a 5-week long rally after the debate about the durability of the mining boom intensified. RBA governor Stevens said mining companies have enough capital and it is too soon to declare the end of the boom. Iron ore prices fell below $100 level for the first time since 2009.

U.S. Movers: Aruba, Autodesk, Salesforce.com, Madison Square

Mukesh Buch
24 Aug, 2012
New York City

The communications network gear maker Aruba jumped 17% as sales advanced. Autodesk plunged after the software developer lowered outlook. Micros fourth quarter net surged 16%. Salesforce.com loss widened and offered weak guidance. Madison Square climbed.

Mixed Signals in U.S. Durable Orders, Euro Pauses

Arthi Gupta
24 Aug, 2012
New York City

U.S. market indexes are set to halt a six week long rally that lifted indexes to multi-year highs. The latest durable goods orders offered mixed picture of the U.S. economy with business spending waning. The euro zone tensions rose after leaders held firm and demanded Greece to meet its obligations.

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