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U.S. Movers: Daktronics, Macy

Mukesh Buch
22 Feb, 2011
New York City

Hormel Foods first quarter net earnings rose 34% to $148.8 million. Macy

UK Public Finance Surplus; Informa Drops 4%

Arthi Gupta
22 Feb, 2011
New York City

The UK indexes traded lower as violent protests rage in Bahrain and Libya. Crude oil prices surge and world markets decline. The UK government recorded largest surplus since July 2008. BP to sell certain UK assets. Informa plc 2010 net declined 6.3% on flat revenue. Kerry Group Plc net rose 61%.

European Indexes Lower; Zurich Financial, Santander in a Venture

Arthi Gupta
22 Feb, 2011
New York City

The European indexes slide as protests continued in Libya, Morocco and Bahrain. German consumer sentiment strengthened. French housing starts growth slackened in January. Swiss trade surplus and exports rose in January. Zurich Financial formed venture with Banco Santander.

Libya Worries Drag U.S., World Indexes; Home Depot, Wal-Mart Net Surge

Arthi Gupta
22 Feb, 2011
New York City

U.S. indexes fell and world markets decline. Crude oil surged as oil companies begin to evacuate staff from Libya and European markets worry of energy supply disruptions. Chesapeake agreed to sell its shale assets to BHP for $4.75 billion. Home Depot and Wal-Mart earnings rose.

Sensex in India Fall 0.8%; Reliance, Fertilizer Makers Rise

Devan Biswas
22 Feb, 2011
New York City

Stocks in Mumbai declined tracking losses in Asia after crude oil prices surged more than 5%. Libya gained center stage as popular unrest threatens Col Muammar Gaddafi

China Indexes Drop 2.5%; China Seeks Price Stablility

Devan Biswas
22 Feb, 2011
New York City

Stocks in Shanghai fell sharply after crude oil futures surged and China vowed to maintain fuel prices stable. The announcement fueled speculation that more tightening measures may be carried out sooner than anticipated. Alibaba.com share dropped as much as 9%.

Nikkei in Tokyo Plunges 1.8%; Crude Oil Futures Rise 5%

Nigel Thomas
22 Feb, 2011
New York City

The benchmark index in Tokyo plunged after oil prices rose sharply and in a surprise move Moody

BHP Billiton Buys Chesapeake's Shale Gas Asset for $4.75 Billion

Marcus Jacob
22 Feb, 2011
New York City

The benchmark index in Australia declined after tensions in Middle East and North Africa reach oil producing nations. BHP Billiton agreed to acquire shale gas leasehold from Chesapeake Energy for $4.75 billion. Sonic Healthcare fell after it lowered earnings outlook.

Oil Futures Surge as Unrest in Libya Spreads, European Markets Fall

Bikram Pandey
21 Feb, 2011
New York City

Oil moved in focus as the popular uprising takes a serious turn in Libya, Yemen and Iran. Oil companies began to evacuate non-essential staff. Futures of crude oil surged as much as 4.8% and European indexes declined on the growing worries that supplies from Libya could be interrupted in the region.

BP, and India

Arthi Gupta
21 Feb, 2011
New York City

The UK indexes slid on civil unrest in Libya. Home prices surged 3.1% in February. BP inked $7.2 billion deal with India-based Reliance Industries. Diageo agreed to acquire Turkey-based Mey Icki for

German Business Confidence Improves, Carlsberg Net Falls 21%

Arthi Gupta
21 Feb, 2011
New York City

The European indexes fell on escalating unrest in the Middle East. Euro area private sector activity strengthened and German business confidence improved in February. Canada-based Nordion divested Belgian operations. Merck revenues rose and TNT net surged.

Sensex in India Rallies 1.1%; Gold, Silver Highs

Devan Biswas
21 Feb, 2011
New York City

Stocks in Mumbai surged on the expectations of growth oriented budget and higher incentives for export oriented industries. The Sensex index added 1.2% and gold rallied for the seventh day in a row. Steel Authority plans to invest $12 billion to build four overseas steel plants.

China Indexes Rise, Fuel Prices Hiked; Alibaba.com Chief Forced Out

Marcus Jacob
21 Feb, 2011
New York City

China indexes closed higher despite the increase in bank reserve ratios over the weekend. China lifted fuel prices for the first time in the year. Banks and airlines declined. The Shanghai index rose 1.1% and the Shenzhen benchmark index gained 2.1%.

Tokyo Stocks Gain 2% in 6-day Rally; Softbank Surges 5.5%

Nigel Thomas
21 Feb, 2011
New York City

Stocks in Japan advanced as tensions in the Mideast rise and central bankers and finance ministers struggle to devise scorecard to prevent next financial crisis. Stocks in Tokyo rose for the sixth day in a row. Softbank led the gainers after its China social networking affiliate plan a listing.

West Australia Agrees to Buy Seven; BlueScope Net Loss Doubles

Marcus Jacob
21 Feb, 2011
New York City

Stocks in Australia traded lower on the rising tensions in the Middle East and China increase reserve requirements. West Australia agreed to acquire Seven Group for $4.1 billion to create the largest locally based media company. Woodside net rose and BlueScope net loss doubled.

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