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Greece Faces More Cuts; ABB, Heineken, Munich Re in Focus

Arthi Gupta
13 Mar, 2012
New York City

European indexes gained after German sentiment improved in March. Euro area finance ministers approved a second bailout package for Greece but Greece may need additional spending cuts. BMW forecasted new highs in sales volume and pre-tax earnings for 2012.

UK Indexes Dip; Carnival Swings to Loss

Arthi Gupta
12 Mar, 2012
New York City

In listless trading, stocks in London edged lower. The OECD leading indicator for the UK increased 0.1% in January. Activity in the Irish construction sector fell in February. Carnival swung to quarterly loss. Misys confirmed the termination of merger discussions.

U.S. Movers: American States Water, Amerigon, Cumulus Media, Zoll Medical

Mukesh Buch
12 Mar, 2012
New York City

American States Water fourth quarter net slumped to $6.71 million. Amerigon fourth quarter net soared to $6 million. Cumulus Media fourth quarter net loss swung to $13.1 million. Zoll Medical agreed to be acquired by Japan based Asahi Kasei for $2.21 billion.

U.S. Indexes Lower; Asahi Kasei to Buy Zoll Medical for $2.21 B

Arthi Gupta
12 Mar, 2012
New York City

U.S. and global indexes fell after China

Stocks in Tokyo Reverse Gains; Asahi Kasei Offers to Buy Zoll Medical

Nigel Thomas
12 Mar, 2012
New York City

Stocks in Tokyo reversed the earlier gains and closed lower. Asahi Kasei agreed to acquire Zoll Medical Corp for $2.2 billion. Hi-Lex Corp estimated lower than expected net income in the quarter ending in January.

Australian Stocks Ease; Graincorp, Stockland in Focus

Marcus Jacob
12 Mar, 2012
New York City

Australian stocks edged lower in weak trading and resources linked stocks declined. Graincorp surged after Glencore International offered to acquire Canada based Viterra for $5.2 billion.

Euro Zone, IMF Set to Approve Greek Bailout; VW Sales Soar 26%

Arthi Gupta
12 Mar, 2012
New York City

European indexes traded mixed as the euro area finance ministers meet in Brussels to approve second bailout package for Greece. A

Italy in Recession, German Bond Yields Fall

Arthi Gupta
12 Mar, 2012
New York City

Germany sold

Jobs Report Lift Wall Street Sentiment; Greek CDS Triggered

Bikram Pandey
09 Mar, 2012
New York City

U.S. stocks advanced and broader indexes are set to extend gains for the fourth week in a row. Greece

U.S. Movers: ANN, Aeropostale, Air Lease, Hibbett Sports, Cooper Companies

Mukesh Buch
09 Mar, 2012
New York City

ANN fourth quarter net slumped to $2.18 million. Aeropostale fourth quarter net declined to $26.1 million. Hibbett Sports fourth quarter net soared 27% to $15.8 million. Texas Instruments lowered its first quarter revenue expectations.

UK Construction Falls; LSE Acquires Majority Stake in LCH.Clearnet

Arthi Gupta
09 Mar, 2012
New York City

The UK indexes climbed after Greece attracted 86% participation in debt swap. The UK construction output fell in January and production and orders improved in the first quarter. LSE agreed to acquire a majority stake in LCH.Clearnet for

Steelmakers Lift Japanese Indexes

Nigel Thomas
09 Mar, 2012
New York City

Stocks in Tokyo advanced for the second day in a row after China reported easing of inflation and Greece debt swap attracted higher than expected participation. Steelmakers and infrastructure stocks led the gainers. The yen traded near 9-month high.

U.S. Deficit Widens, Jobless Rate at 8.3%; Molycorp to Buy Neo Materials

Arthi Gupta
09 Mar, 2012
New York City

U.S. and global indexes rose after Greece completed the landmark bond swap deal. The U.S. trade deficit widened in January and payrolls rose in February. Molycorp agreed to buy Canada-based Neo Material in $1.3 billion deal. Boston Scientific agreed to buy Cameron Health for nearly $1.35 billion.

Australian Index Falls 1%; Qantas, Malaysia Talks Fail

Marcus Jacob
09 Mar, 2012
New York City

The current account balance in Australia swung to a deficit of $673 million on weaker than expected exports. Insurer Australia Group said it plans to cut 600 jobs in the next three years. Qantas dropped its plan to set up a premium airline in Asia.

German Inflation at 2.5%; French Production Rebounds 0.3%

Arthi Gupta
09 Mar, 2012
New York City

German annual inflation increased but Greek inflation eased in February. German manufacturing index increased 0.4% in January. The Portuguese and Greek economy contracted in the fourth quarter. French production rose but Italian output and Spanish retail sales fell in January.

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