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Wall Street Advances on Orders, Housing Data; World Markets Cautious

Bikram Pandey
27 Jun, 2012
New York City

U.S. stocks advanced after durable goods orders rose for the first time since February and pending home sales increased. The pace of improvement though small and halted supported market enthusiasm on the rising merger activities.

Barclays Fined $450 Million for Manipulating Libor

Devan Biswas
27 Jun, 2012
New York City

UK based Barclays agreed to pay fines of more than $450 million to the U.S. and UK regulatory authorities after the bank admitted to manipulating the Libor, the London interbank offered rate and Euribor.

Nikkei Rebound Led by Consumer and Home Builder Stocks

Nigel Thomas
27 Jun, 2012
New York City

Japanese stock indexes increased for the first time after three days of losses on a rebound in consumer focused stocks and home builders. Construction companies gained on the hopes of advance purchases ahead of sales tax increase in 2014.

Australian Markets Halt 4-Day Declines

Marcus Jacob
27 Jun, 2012
New York City

Australian stocks rebounded after losses of four days and stocks in the resource, media and banking sector led the gainers. News Corp gained on the hopes that the controversial media group may separate its maligned news division from its popular and larger entertainment unit.

U.S. Movers: General Mills, Lennar, Monsanto, McCormick, UniFirst

Mukesh Buch
27 Jun, 2012
New York City

General Mills fourth quarter net was ahead of expectations but issues a weak 2013 outlook. Lennar soared after quarterly profit surged to $452.7 million. Monsanto third quarter net increased 1.6% to $937 million.

U.S. Durable Goods Orders Rise, Merger Activities Heat Up

Arthi Gupta
27 Jun, 2012
New York City

U.S. indexes climbed after durable goods orders rose in May. Merger activity heat up for the second day and Loral agreed to sell Space Systems for $1 billion. Liberty Global and Searchlight agreed to buy OneLink for $585 million. SS&C Technologies acquired GlobeOp for

Spain Slides Closer to Bailout, Demands EU Action

Arthi Gupta
27 Jun, 2012
New York City

Pressure on European leaders intensified as Spain slides closer to a bailout as the recession deepens and government faces unsustainable cost of debt refinancing. Italy sold

U.S. Markets Barely Positive, Confidence Drops to 5-Month Low

Bikram Pandey
26 Jun, 2012
New York City

U.S. indexes edged higher as European leaders prepare to deepen fiscal and banking union. U.S. consumer confidence dropped to a five-month low and home prices showed a slight improvement in a private but controversial survey. Italy was forced to an aid to a bank for the first time in two years.

U.S. Movers: Apollo Group, Coinstar, H.B. Fuller, Coca-Cola, Synnex

Mukesh Buch
26 Jun, 2012
New York City

Apollo Group said quarterly net declined 37% and Coinstar cuts fiscal earnings outlook. LDK Solar swung to a quarterly loss. Coca-Cola plans to invest additional $3 billion in India by the end of the decade.

UK Public Sector Net Borrowing Rises, Stagecoach Surges 6%

Arthi Gupta
26 Jun, 2012
New York City

The UK indexes gained after public sector net borrowing rose in May. Irish factor gate inflation eased to six-month low in May. BP agreed to sell its interests in the Alba and Britannia fields to Mitsui for $280 million.

SBA Acquires Tower Sites, Coca-Cola Commits $3 Billion to India

Arthi Gupta
26 Jun, 2012
New York City

U.S. indexes rebounded ahead of the consumer confidence report. SBA Communications agreed to acquire tower sites from TowerCo for $1.45 billion and Coca-Cola committed additional $3 billion in India.

Japan Lower House Approves Sales Tax Increase

Nigel Thomas
26 Jun, 2012
New York City

Tokyo stocks declined for the third day in a row and lawmakers in the lower house approve the plan to double sales tax to 10% and the measure is expected to pass in the upper house. Nippon Electric Glass Co declined after it lowered its income outlook.

Spanish Debt Auction Subdued, Cyprus Seeks Bailout

Arthi Gupta
26 Jun, 2012
New York City

The European indexes fell after 28 Spanish banks were downgraded. Spain raised

Italian Retail Sales Decline, French Sentiment Flat

Arthi Gupta
26 Jun, 2012
New York City

German consumer confidence is likely to rise in July and confidence among French households remained unchanged in June. Swiss consumption index fell in May. The Dutch economy expanded in the first quarter and Italian retail sales fell more than estimated in April.

Australian Stocks in 4-day Losses, Rinehart Threatens to Sell Fairfax Stake

Marcus Jacob
26 Jun, 2012
New York City

Australian stocks extended losses for the fourth day in a row and resource sector stocks declined. News Corp is considering splitting its entertainment and news operations as the company struggles with multiple investigations.

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