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BHP Billiton Earnings Worries, Australian Markets Gain

Marcus Jacob
02 Jul, 2012
New York City

Australian stocks and dollar extended gains for the second day in a row. Resource stocks were in focus as speculation grew that BHP may write-down recently acquired natural gas assets in the U.S. David Jones Dropped after the takeover offer lacked credibility.

Linde Acquires Lincare for $4.6 B, European Markets Advance

Arthi Gupta
02 Jul, 2012
New York City

The European indexes gained for the second day and jobless rate rose in May and UK home prices stagnated in June. Linde agreed to acquire U.S.-based Lincare for $4.6 billion and Essar Energy agreed to sell stake in Vietnam gas block to ENI.

Wall Street Extends Global Rally With 2% Advance

Bikram Pandey
29 Jun, 2012
New York City

Stocks on Wall Street surged after European leaders offered emergency steps to support direct bank lending and passed stimulus measures. Commodities led the surge and crude oil soared 9% and gold gained 3%. For the week, the S&P 500 index gained 1.6%.

U.S. Extends World Markets Rally on European Agreement

Arthi Gupta
29 Jun, 2012
New York City

U.S. indexes extended global rally after European leaders agreed to emergency steps and extend direct lending to Spanish banks and pass stimulus measures. Research in Motion planned to slash 5,000 jobs after it reported sales decline, losses and worsening cash position.

U.S. Movers: Accenture, KB Home, Nike, RiM, Tibco

Mukesh Buch
29 Jun, 2012
New York City

Accenture third quarter net increased 11% and narrowed fiscal earnings guidance. KB Home second quarter net loss narrowed. Nike fourth quarter net slid 8% to $549 million. Research In Motion swung to a quarterly loss.

Australian Markets Rally, David Jones Soars 15% on Takeover Rumbles

Marcus Jacob
29 Jun, 2012
New York City

Australian benchmark index gained 1.2% as rally across Asia lift markets after European leaders agreed to offer direct lending to banks and approved stimulus program. David Jones soared 15% after a hostile takeover offer of $1.5 billion.

Short Covering Rally Lifts Nikkei for the Second Day, Nomura Up 4%

Nigel Thomas
29 Jun, 2012
New York City

Japanese stocks extended gains for the second day as short sellers covered positions and international investors increased exposure to domestic stocks. Nikkei gained 1.5% on Friday but fell 10.7% in the quarter, worst since the third quarter of 2011.

Europeans Agree to Lend to Banks, InBev to Buy Modelo

Arthi Gupta
29 Jun, 2012
New York City

European markets staged a rally after leaders agreed to use rescue funds to lend directly to banks and approved

EU Summit, Healthcare Decision Cast Shadow on Wall Street Trading

Bikram Pandey
28 Jun, 2012
New York City

Stocks on Wall Street closed lower on the weakness. U.S. Supreme Court

Supreme Court in 5-4 Decision Upholds Healthcare Reform

Arjun Dave
28 Jun, 2012
New York City

U.S. Supreme Court upheld in a landmark decision by a 5-4 vote most of the key provisions of the healthcare reform that divided the nation for the last two years. The decision will not allow the law to be implemented as early as 2014.

U.S. Movers: American Greetings, Family Dollar, Paychex, Worthington

Mukesh Buch
28 Jun, 2012
New York City

Healthcare insurers dropped sharply after the Supreme Court upheld the healthcare reform. American Greetings first quarter net tumbled 78%. Family Dollar third quarter net increased 5.3% to $124.5 million and lifted fiscal outlook. Paychex fourth quarter net increased 4%.

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