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U.S., Global Indexes Rise; HP Net Slumps 91%

Arthi Gupta
22 Nov, 2011
New York City

U.S. stock futures and global indexes gained after ratings agencies left the U.S. debt rating unrevised. World Bank increased its 2011 growth forecast for China. Pfizer agreed to acquire Excaliard and Medtronic quarterly net surged 54%.

Outlook in Germany Lowered; Swiss Exports Jumps 9.5%

Arthi Gupta
22 Nov, 2011
New York City

German leading index fell in September. The unemployment rate of Sweden and Finland decreased in October and Norway''s gross domestic product expanded in the third quarter. Denmark''s consumer confidence deteriorated in November.

European Indexes Rebound After Spanish Debt Auction

Arthi Gupta
22 Nov, 2011
New York City

European indexes traded higher after Spain completed its first debt auction at a higher yield and rating agencies left U.S. debt rating unrevised. The Spanish Treasury sold

World Markets Fall on Uncertain U.S., Europe Debt Outlook

Bikram Pandey
21 Nov, 2011
New York City

Global investors sold stocks as economic worries gathered momentum. European bonds yields continued to rise and banks led the decliners after Moody

U.S. Movers: Alleghany, Gilead Sciences, Tech Data, Tyson Foods

Mukesh Buch
21 Nov, 2011
New York City

Alleghany agreed to acquire Transatlantic Holdings in cash for $3.4 billion and Gilead Sciences agreed to acquire Pharmasset Inc. for $137 a share in cash or $11 billion. Tech Data third quarter net income increased 6% to $53.5 million.

UK Indexes Drop 1.8%; Centrica Inks Deal With Statoil

Arthi Gupta
21 Nov, 2011
New York City

The UK indexes fell on the global economic outlook. The UK home prices declined in November and Ireland''s residential property price index fell in October. Centrica inked 10 year gas supply deal with Norway based Statoil ASA.

Japan's Exports Fall; Cargo Shippers at 10-year Low

Nigel Thomas
21 Nov, 2011
New York City

Stocks in Japan fell as exports in October declined and the nation swung to a deficit in the month. Bank of Japan said it purchase more stock index linked ETFs and REITs that will support equities prices. Shipping companies dropped to a new 10-year low and auto makers stocks dig deeper into losses.

Debt Commission Deadlock; Gilead Bids $11 Billion for Pharmasset

Arthi Gupta
21 Nov, 2011
New York City

U.S. debt panel is expected to not agree on deficit reduction plan as lawmakers prefer to wait till elections next year. Chevron accepted responsibility for oil spill in Brazil. Gilead agreed to acquire Pharmasset for $11 billion and Transatlantic to merge with Alleghany in $3.4 billion deal.

Australian Stocks, Dollar Decline; Qantas Talks Collapse

Marcus Jacob
21 Nov, 2011
New York City

Australian stocks edged lower after international markets declined. Japan reported declining exports to Japan and China. Qantas and unions fail to agree ahead of today

Euro Zone Current Account in Surplus; German Growth Slows

Arthi Gupta
21 Nov, 2011
New York City

Euro area current account balance swung to a surplus of

European Indexes Slide 2% and Bond Yields Rise

Arthi Gupta
21 Nov, 2011
New York City

European indexes slumped more than 2% as bond yield continue to rise. Spain

Weekly Loss of 4% in S&P 500; Euro Looks to ECB

Bikram Pandey
18 Nov, 2011
New York City

The S&P 500 and Nasdaq indexes dropped 4% in the week. Global markets in the week lost as much as 5% in Europe and 3% in Asia. European leaders debate nearly two years after the crisis first erupted and the role of the European Central Bank and if it can lend directly to nations.

Nikkei Falls 1.2%; Thai Floods Insured Loss Estmated at $9 Billion

Nigel Thomas
18 Nov, 2011
New York City

Stocks in Tokyo edged lower as investors as export led companies battle record strong yen, weak outlook in the euro zone and supply disruption linked to Thailand floods. Tokio Marine estimated flood related costs of $1.3 billion and Mitsui estimated $1.7 billion.

U.S. Movers: Atwood, Dolby, H. J. Heinz, Marvell, Gap, Ross

Mukesh Buch
18 Nov, 2011
New York City

H. J. Heinz second quarter net decreased to $237 million. Motorola Mobility stockholder approve proposed merger with Google. Marvell Technology third quarter net decreased to $195.1 million. The Gap struggles with the revenue and earnings growth.

UK Mortgage Lending Falls 4%, Cameron Meets European Leaders

Arthi Gupta
18 Nov, 2011
New York City

The UK indexes traded lower as European leaders struggle to increase the role of the central bank in direct lending to nations. UK Prime Minister Cameron met with European leaders to press his case and resist the amendment to the Lisbon Treaty. The UK mortgage lending decreased 4% in October.

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