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Wall Street Surges 2%: AT&T Drops $39 Billion T-Mobile Bid

Nichole Harper
20 Dec, 2011
New York City

Stocks in New York surged and popular indexes advanced more than 2% after housing starts soared in November. AT&T said it will pay $4 billion in breakup fee after it dropped its merger plan with T-Mobile USA. Red Hat quarterly revenues increased 23%.

German Growth Estimates Lowered; Eni, Repsol Up

Devan Biswas
20 Dec, 2011
New York City

European markets closed higher after a German survey pointed to higher business confidence. However, three other institutes lowered their outlooks for German economy and predicted at best flat economic growth.

Nikkei Rebounds; Japan Picks Lockheed Fighter

Nigel Thomas
20 Dec, 2011
New York City

The Nikkei index in Tokyo trading gained and defense contractors gained after Japan picked Lockheed Martin built stealth fighter as the main aircraft. IHI Corp and Mitsubishi Heavy will participate in production.

RBA in Australia Worries Global Slowdown; Cochlear Surges

Marcus Jacob
20 Dec, 2011
New York City

Australian stocks declined but cut losses after the latest central bank minutes of meetings confirmed the worries of global slowdown. Cochlear soared after it said it is prepared to return to market the recently recalled hearing implant.

World Markets Drift Lower; Europe Faces Recession Conditions

Bikram Pandey
19 Dec, 2011
New York City

World markets drifted lower after Asian indexes fell and Europe brace weak economic conditions. France faces a debt rating downgrade and France, Italy and Spain expand the list of nations facing early recession. The role of IMF is questioned as the bank prepares to lend troubled European nations.

Saudi Prince Invests $300 Million in Twitter; Winn-Dixie Surges on Merger Deal

Nichole Harper
19 Dec, 2011
New York City

Stocks in New York declined as Asian markets declined after the death of North Korean leader King Jong-il. European markets struggled on cautious comments from the ECB president. Winn-Dixie agreed to merge with a grocery chain Bi-Lo. Saudi Prince Talal invested $300 million in Twitter.

Euro Zone Nations to Fund

Devan Biswas
19 Dec, 2011
New York City

European markets gained as ratings agencies warn of downgrades in the region. Spain is expected to release steps to cut budget deficit by the end of the year and will encourage merger of banks. Euro zone ministers meet to finalize

Nikkei in Tokyo Down 1%; North Koreal Leader Kim Jong-il Dies

Nigel Thomas
19 Dec, 2011
New York City

Stocks in Tokyo trading declined more than 1% and extended losses of last week. Market sentiment declined after North Korean leaders died of a heart attack and raising fears of heightened tensions in the peninsula. Ocean freight companies declined and traded near 10-year low.

Australian Indexes Down 2.5%; Billabong Plunged 44%

Marcus Jacob
19 Dec, 2011
New York City

Australian shares plunged after investors worried that ongoing euro zone crisis will drag commodities prices. Retailers declined more than 3% after surf apparel retailer Billabong plunged 44% on earnings warnings.

Wall Street in 3% Weekly Loss, Euro Zone Ratings on Watch List

Bikram Pandey
16 Dec, 2011
New York City

U.S. stocks traded sideways as investors weighed positive economic news with the debt rating downgrades of banks. A ratings agency placed France and six other euro zone nations on a negative outlook. The U.S. House passed a $1 trillion spending bill to avert a U.S. government shutdown.

U.S. Movers: Accenture, Adobe, Research in Motion, Quiksilver, Zynga

Devan Biswas
16 Dec, 2011
New York City

Zynga, the online game developer was flat after it priced its public offering and raised $1 billion and 75% of the offered shares changed hands. Research in Motion declined after it announced product delays. Accenture fell after it cut its annual earnings outlook. Adobe gained on positive outlook.

U.S. Inflation Flat; United Rentals Offers $1.9 Billion for RSC

Nichole Harper
16 Dec, 2011
New York City

U.S. stocks advanced after latest read on the inflation was lower than expected. Bank stocks were in focus after another rating downgrade cut the debt rating of banks Goldman Sachs, Bank of America and Credit Suisse. Zynga, the social game developer raised $1 billion in a public offering.

Italian Austerity Approval Advances; Airbus on Track

Devan Biswas
16 Dec, 2011
New York City

European markets closed mixed and bonds yields of Italy and Spain were on the decline. Italy

Nikkei Struggles Nearl Yearly Low; Nexon Down Again

Marcus Jacob
16 Dec, 2011
New York City

Stocks in Japan closed higher tracking rising markets in New York and in Europe. Commodities linked companies gained and banks closed mixed. Nexon, the online gaming company declined for the third day in a row after it completed the largest public offering in Japan and raised $1.2 billion.

Australian Stocks Rebound After 3-day Fall; IAG in Deal with AMI

Marcus Jacob
16 Dec, 2011
New York City

Australian stocks rebounded after extending losses for three days in a row. ANZ said at the annual general meeting that it has enough capital to withstand the euro zone. Insurance Australia Group agreed to buy New Zealand based general insurance from AMI for NZ$380 million.

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