Mukesh Buch
14 Dec, 2010
New York City
Best Buy Co, third quarter revenue decreased 1.1% to $11.89 billion. Edwards Lifesciences estimates fiscal year 2011 underlying sales growth of 11% to 15%. Sanderson Farms, fourth quarter net sales increased 13% to $529.1 million. The Pantry, fourth quarter revenues increased 12% to $1.95 billion.
123jump.com Staff
14 Dec, 2010
New York City
The women''s specialty retailer net quarterly sales increased 9% to $505.28 million on comparable-store sales rise of 11.7%. Net income in the quarter surged 1069% to $24.20 million. Earnings soared to 41 cents per share compared to 3 cents per share in the prior-year quarter.
Arthi Gupta
14 Dec, 2010
New York City
The European indexes fell after euro area industrial production improved in October. Italian Prime Minister Silvio Berlusconi narrowly won vote of confidence. German manufacturing employment declined but investor confidence improved. French inflation remained flat in November.
Arthi Gupta
14 Dec, 2010
New York City
U.S. stocks traded sideways ahead of the last Fed meeting in the year. U.S. retail sales and PPI rose more than anticipated in November. HCP agreed to acquire real estate assets of HCR ManorCare for $6.1 billion. Regal Beloit agreed to acquire electric motor division of A.O. Smith for $875 million.
Mukesh Buch
14 Dec, 2010
New York City
Allahabad Bank hiked base and prime lending rate. Honda Motors partner in Hero Honda Group are expected to acquire 26% stake in the joint venture for about $1 billion. Punjab National Bank bought 63.6% stake in Kazakhstan based JSC Dana Bank in $24 million.
Chandrasekhar Atreya
14 Dec, 2010
New York City
Mumbai stocks traded sideways after the latest read on wholesale inflation showed a decline to 11-month low. India selects 37 companies to build solar power projects to reach its target of 20GW by 2022. Reserve Bank of India injects liquidity for the third time in as many months.
Chandrasekhar Atreya
14 Dec, 2010
New York City
Stocks in China region edged higher but resource stocks fell. Banks also edged lower after China lifted bank reserve ratios of six select banks by 50 basis points to 19%. Premier Wen Jiabao is scheduled to reach India on Wednesday with the largest ever trade delegation.
Chandrasekhar Atreya
14 Dec, 2010
New York City
Australian banks traded lower as the Senate inquiry focuses on the competition in the sector and the viability of small banks. The benchmark index edged higher. Spanish food giant EBRO makes a hostile bid for SunRice. Housing starts drops substantially in the September quarter.
Chandrasekhar Atreya
14 Dec, 2010
New York City
Tokyo stocks rose for the second day led by brokerages and financial companies. Japan proposes to cut corporate tax rates for the next fiscal year by 5%. Marubeni Corp plans to double its global water assets in two years. Toyota recalls 94,000 Sienna minivans in the U.S.
Bikram Pandey
13 Dec, 2010
New York City
U.S. stocks climbed higher as investors appear sanguine about the passage of tax deal and Fed is expected to hold rates this week. China reported higher than expected industrial growth, retail sales and inflation and left interest rate unchanged but lifted bank reserves.
Mukesh Buch
13 Dec, 2010
New York City
Biglari Holdings fourth quarter revenues increased to $164.4 million. Dell Inc. to acquire Compellent Technologies, and will pay $27.75 per share. Thermo Fisher Scientific will acquire all of the outstanding shares of Dionex Corp. for $118.50 per share in cash, total purchase price $2.1 billion approximately.
Arthi Gupta
13 Dec, 2010
New York City
The UK indexes climbed after home prices declined in December. The IMF delayed consideration of Irish bailout package. Reckitt Benckiser agreed to acquire India-based Paras Pharmaceuticals for $726 million and GlaxoSmithKline agreed to buy Maxinutrition for
123jump.com Staff
13 Dec, 2010
New York City
The financial services company reported total operating income increased 15% to Sfr6.658 billion from last year''s Sfr5.766 billion. The company generated net profit of Sfr1.664 billion or Sfr0.43 per share compared to a loss of Sfr564 million or Sfr0.15 per share in the year-ago period.
Arthi Gupta
13 Dec, 2010
New York City
The European indexes gained after China held its interest rates. The Bundesbank forecasted slowdown in German economic growth. French current account deficit narrowed in October. Spanish home sales plummeted in October. Swiss producer and import prices climbed in November.
Arthi Gupta
13 Dec, 2010
New York City
U.S. stocks climbed after a flurry of merger activities around the world lifted trading sentiment. China also held its interest rates and reported a rising inflation. GE proposed to buy UK-based Wellstream for $1.3 billion and Sanofi-Aventis extended Genzyme tender offer.
