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U.S. Jobless Claims, Durable Orders Rise; Amgen in $1.2 B Deal with Micromet

Arthi Gupta
26 Jan, 2012
New York City

The U.S. indexes edged higher after weekly jobless claims and durable goods orders rose, new home sales declined and leading economic index improved. Amgen agreed to acquire Micromet for $1.16 billion.

Italy Raises

Arthi Gupta
26 Jan, 2012
New York City

European markets rallied after Italy raised

Nikkei Edges Lower; Fanuc Net Rises 22%, Tepco in Bailout Talks

Nigel Thomas
26 Jan, 2012
New York City

Stocks in Japan traded lower as commodities gained in Asian markets trading. Tepco surged on the expectations that the company will accept 1 trillion yen bailout in exchange of two thirds stake. Fanuc said nine-month earnings increased 22% and sales rose 23%.

Fed Extends Near Zero Rate to Late 2014, Greek Talks Drag

Bikram Pandey
25 Jan, 2012
New York City

The U.S. indexes traded higher after the Fed extended near zero interest rate policy to late 2014 and estimated subdued inflation for two more years. The rate setting committee members also estimated unemployment to decline slowly.

Japan Posts First Deficit in 30 Years; Yen Weakens

Nigel Thomas
25 Jan, 2012
New York City

Stocks in Tokyo trading extended gains for the seventh day in a row as resources and merchant fleet operators led the gainers. Japan reported its first trade deficit as imports surge and exports struggle after natural disasters.

U.S. Movers: Apple, Abbott, Exelon, General Dynamics, Boeing, Yahoo!

Mukesh Buch
25 Jan, 2012
New York City

Apple first quarter net more than doubled to $13.1 billion and Abbott Labs net increased 12.3% to $1.6 billion. ConocoPhillips fourth quarter net increased to $3.4 billion. Boeing fourth quarter net increased 20% to $1.39 billion and WellPoint fourth quarter net declined 39% to $335.3 million.

UK Economy Contracts 0.2%; Mortgage Approvals Climb

Arthi Gupta
25 Jan, 2012
New York City

The UK indexes edged lower after the economy contracted in the fourth quarter, services index increased more than anticipated in November and mortgage approvals rose in December. HSBC agreed to sell its retail banking and wealth management business in Thailand.

U.S. Indexes Decline; Apple Surges 7%

Arthi Gupta
25 Jan, 2012
New York City

The U.S. indexes fell after Boeing issues cautious outlook and tech stocks gained after Apple Inc reported a surge in earnings. U.S. mortgage applications slid last week. Motorola Solutions quarterly net slips and Abbott Labs quarterly sales miss estimates.

Australian Inflation Flat; Banks Advance

Marcus Jacob
25 Jan, 2012
New York City

Australian stocks gained after inflation in the December quarter was flat and trailed expectations. For the year 2011, inflation increased 3.1%. Rio Tinto confirmed its majority stake in the Canada based Ivanhoe Mines that is active in Mongolia.

German Sentiment Improves; Hungarian Retail Sales Up

Arthi Gupta
25 Jan, 2012
New York City

German confidence rose for the third month in a row in January and Spanish producer price index slowed in December. Retail sales in Hungary improved but in Italy fell in November.

ECB May Face Losses on Greek Bonds; Ericsson, Novartis Net Plunge

Arthi Gupta
25 Jan, 2012
New York City

European markets declined after mixed corporate earnings as Germany sold 30-year bonds amidst strong demand. UniCredit planned to raise up to

Wall Street Declines; Refiner Petroplus Seeks Insolvency

Bikram Pandey
24 Jan, 2012
New York City

The U.S. indexes declined after rallying for five days in a row. Global companies are beginning to feel the impact of weak euro and fast food retailer McDonalds lowered earnings outlook. The oil refiner Petroplus based in Switzerland defaulted on bond payment as refineries in South Korea and India.

U.S. Movers: Baker Hughes, EI DuPont, McDonald

Mukesh Buch
24 Jan, 2012
New York City

Air Products and Chemicals first quarter net fell to $248 million and Baker Hughes fourth quarter net slipped to $314 million. EI DuPont fourth quarter net fell to $373 million. McDonald

Nikkei at 3-month High; Toyota, Elpida, Olympus in Focus

Nigel Thomas
24 Jan, 2012
New York City

Stocks in Japan traded higher and the benchmark index Nikkei traded at a 3-month high. Sony is expected to announce a stake in Olympus as early as next week that may lead to a business alliance. Elpida is expected to be a part of a three way merger with the U.S based Micron.

Australian Stocks Flat; Lynas Raises $225 Million

Marcus Jacob
24 Jan, 2012
New York City

Australian market indexes closed flat and resources stocks led the losers. Rare earth miner and processor arranged $225 million in financing for its Malaysia based refinery. The IMF urged Australian banks to increase capital reserves.

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