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U.S. Sells AIG Stake for $7.6 Billion, Delta Takes 49% Share in Virgin

Arthi Gupta
11 Dec, 2012
New York City

The U.S. Treasury sold its remaining stake in AIG. Belden agreed to acquire PPC for $515.7 million. Texas Instruments narrowed its estimated ranges for revenue and earnings per share.

HSBC Settles Money Laundering Charges for $1.9 B, European Markets Higher

Arthi Gupta
11 Dec, 2012
New York City

The European indexes rose after German economic confidence rebounded in December. French payroll employment fell in the third quarter. UK home prices declined in November.

Europe Movers: ThyssenKrupp, HSBC, ACE, Diageo, Whitbread

Arthi Gupta
11 Dec, 2012
New York City

ThyssenKrupp scraps dividend after annual loss widens. ACE lowered fiscal year operating income outlook. HSBC agreed to pay $1.92 billion to settle U.S. anti-money-laundering charges.

Resurgent Chinese Economic Data Lift Global Markets

Bikram Pandey
10 Dec, 2012
New York City

Stocks in New York gained following resurgent economic data from China. Growth in exports fell in November but retail sales and industrial production were sharply rebounded. Euro declined after the unexpected resignation from Italian prime minister.

AIG to Sell Aircraft Leasing Business, Honeywell to Buy Intermec

Arthi Gupta
10 Dec, 2012
New York City

AIG agreed to sell up to a 90% stake in ILFC for $5.28 billion. Ingersoll-Rand plans to spin-off its commercial and residential security businesses. Honeywell agreed to acquire Intermec for $600 million.

Italian Premier Monti Resigns, German Trade Surplus Shrinks

Arthi Gupta
10 Dec, 2012
New York City

The European indexes traded sideways after Italian premier Mario Monti resigned ahead of schedule. The euro zone investor confidence improved in December and Greek output rose in October. The Italian economy contracted in the third quarter, fifth quarterly shrinkage in a row.

Europe Movers: Air France-KLM, Basilea, STMicroelectronics

Arthi Gupta
10 Dec, 2012
New York City

STMicroelectronics decided to exit ST-Ericsson. Air France-KLM traffic rose 2.2% and BMW worldwide sales increased 26.4% in November. Rentokil completed acquisition of Western Exterminator Company and Eden Advanced Pest Technologies.

U.S. Jobless Rate Drops to 7.7%, Nonfarm Payrolls Rise

Arthi Gupta
07 Dec, 2012
New York City

U.S. indexes traded down on global economic slowdown worries. Yara agreed to acquire Bunge

German 2013 Growth Outlook Lowered, UK Output Falls

Arthi Gupta
07 Dec, 2012
New York City

The European indexes traded sideways. The Bundesbank lowered German growth outlook for 2013. The Greek economy contracted in the third quarter and the UK output fell in October. GDF reduces stake in IP Maestrale.

Europe Movers: Prada, Telecom Italia, Daimler, Deutsche Telekom, Publicis

Arthi Gupta
07 Dec, 2012
New York City

Daimler sold a 7.5%-stake in EADS for about

Wall Street Flat, ECB Cuts Growth Target; Apple Rebounds 1%

Bikram Pandey
06 Dec, 2012
New York City

U.S. indexes traded higher as the prospect of budget negotiation settlement rose. The number of foreclosure sale continues to drop to 19% of all sales across the nation in the third quarter. European Central Bank left its main rate at 0.75% and cut its estimate of growth to 0.3% in the euro zone.

U.S. Jobless Claims Drop, Fiscal Cliff Worries Linger

Arthi Gupta
06 Dec, 2012
New York City

U.S. indexes dropped on fiscal cliff worries and foreclosure sales fell in the third quarter and jobless claims declined 25,000 to 370,000. European central banks held key rates.

Rates in Europe, UK on Hold, Euro Area in Recession

Arthi Gupta
06 Dec, 2012
New York City

Central banks in Europe hold key rates. The euro area economy slipped into recession in the third quarter. German factory orders rebound and UK trade deficit widened in October. Greek jobless rate rose to record levels in September.

Europe Movers: Air Berlin, Barclays, EADS, Micro Focus, Standard Chartered

Arthi Gupta
06 Dec, 2012
New York City

Air Berlin capacity utilization rose in November. Barclays increased its stake in the Absa Group to 62.3%. Micro Focus first-half net fell 2.7% to $60.65 million. Carl Zeiss Meditec annual revenue climbed 13.6% to

World Markets Scale Higher, Citigroup to Eliminate 11,000 Jobs

Bikram Pandey
05 Dec, 2012
New York City

U.S. indexes traded higher after President Barack Obama said budget negotiations can we wrapped in a week. Service sector expanded at a faster pace and manufacturing stabilized. Citigroup announced a plan to eliminate 11,000 positions and take $1 billion charge.

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