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Australian Markets in 4-Day Decline, IAG Targets Asian Growth

Marcus Jacob
10 Jul, 2012
New York City

Australian stocks traded lower for the fourth day in a row after investors focused on the latest imports growth from China. The dollar held firm. IAG said it plans to target markets in India, Indonesia and Malaysia to drive its future growth.

French, Dutch and Swedish Production Declines

Arthi Gupta
10 Jul, 2012
New York City

French, Swedish and the Netherlands output fell in May. Norwegian inflation remained stable but Romanian consumer price index increased in June.

Small Decline in Spanish Yields after Euro Zone Agreement

Arthi Gupta
10 Jul, 2012
New York City

The euro area finance ministers approved the releasing of

UK Official Offers Unconvincing Libor Manipulation Testimony

Arjun Dave
09 Jul, 2012
New York City

Deputy Governor of the Bank of England Paul Tucker defended his role in the widening Libor scandal investigation but failed to convince skeptics. His weak defense raised more questions about the role of central bankers and regulators at the height of the 2008 crisis.

U.S. Stocks Fall on Earnings Jitters, Euro Worries

Bikram Pandey
09 Jul, 2012
New York City

Market indexes in New York traded lower ahead of earnings season and weak economic data from China, Japan and the euro zone. Merger deals of at least $7 billion were announced today and commodities staged a slight rebound. German yields turn negative.

WellPoint to Buy Amerigroup to Expand Medicaid Business

Arjun Dave
09 Jul, 2012
New York City

WellPoint, Inc agreed to pay $4.9 billion in cash for Amerigroup to expand its health insurance plans to cover Medicaid business. The offer values the company at 43% premium as the nation prepares to implement healthcare reform.

U.S. Movers: AptarGroup, Campbell Soup, Dover, Luminex, Boeing, Raytheon

Mukesh Buch
09 Jul, 2012
New York City

WellPoint acquire Amerigroup for $4.9 billion in cash. Thomson Reuters agrees to acquire FX Alliance for $22 per share in cash. Boeing receives order for $7.2 billion from Air Lease Corp. and Raytheon Co. receives order to provide defense vehicles for $636 million from The Boeing.

UK Indexes Track Lower Regional Markets, Michael Page Slumps 4%

Arthi Gupta
09 Jul, 2012
New York City

The UK indexes slid tracking the market weakness in Europe and staff placements fell at the fastest pace in 3 years. China reported consumer prices fell and Japan said current account surplus declined stoking the fears of worldwide slowdown. Bonds yields of Spain and Italy rose to critical levels.

Wall Street Opens Lower as Chinese Inflation Turns Negative

Arthi Gupta
09 Jul, 2012
New York City

U.S. indexes declined as Asian economic data highlight slowing global growth. WellPoint agreed to acquire Amerigroup for $4.9 billion and Campbell Soup agreed to buy Bolthouse Farms for $1.55 billion. Boeing won $7.2 billion worth Air Lease order. Germany sold 6-month bills at negative yields.

Campbell to Acquire Bolthouse Farms for $1.55 Billion

Devan Biswas
09 Jul, 2012
New York City

Campbell Soup agreed to acquire packaged fresh vegetable and premium beverages maker Bolthouse Farms for $1.55 billion and said earnings in 2013 will increase between 5 cents and 7 cents a share.

Nikkei Fall 1.4%; Machinery Orders Plunge, Current Account Surplus Shrinks

Nigel Thomas
09 Jul, 2012
New York City

Stocks in Japan declined after volatile machinery orders plunged more than expected and current account surplus shrank for the 15th month in a row. China reported a decline in June and confirmed the trend in place for three months.

Australian Markets in 3-Day Slump, Iluka Plunges 24%

Marcus Jacob
09 Jul, 2012
New York City

Australian stocks closed lower for the third day in a row and the dollar traded near a record high against the euro. Leighton agreed to sell its waste management unit. Iluka Resources plunged the most in 25 years after it issued a cautious outlook.

German Exports Rebound, Swiss Jobless Rate at 2.9%

Arthi Gupta
09 Jul, 2012
New York City

Investor sentiment in the euro area fell in July and German exports rose more than anticipated in May. French business confidence waned and Swiss jobless rate was stable in June. The Czech Republic deficit rose but output fell in May.

Spanish Yields Above 7% as Ministers Gather in Brussels

Arthi Gupta
09 Jul, 2012
New York City

The European indexes edged lower and Spanish yields jump above 7% as finance ministers gather in Brussels. German exports rose more than expected in May and French gross domestic product is estimated to fall by 0.1% in the second quarter.

Jobs Report Drag Wall Street, European Markets and Oil Lower

Bikram Pandey
06 Jul, 2012
New York City

U.S indexes accelerated losses after the latest employment report confirmed weak economy. Net monthly hiring declined sharply in the second quarter. London is under scrutiny as the decades of light regulation risks reputation of the city as Libor scandal widens. Oil falls more than 3%.

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