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U.S. Jobless Claims Falls, IMF Lifts Outlook

Arthi Gupta, Mayank Mehta and Sanjay Barot
08 Jul, 2010
New York City

U.S. stocks trade sideways and the latest weekly jobless claims declined to 454,000. The IMF lifts global growth outlook for 2010 to 4.6%. Time Warner prices $3 billion debt offering. The Bank of England retains key rate at 0.5% and the European Central Bank left the rate at 1%.

UK Inflation, Retail Prices Ease

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 Jul, 2010
New York City

The UK indexes traded higher in a choppy trading after latest read on food prices and retail prices showed a decline. Shire Plc gets US regulatory approval of hyper activity disorder treatment. Smiths Group enters into deal with the trustees of its two pension schemes.

European Markets Focus on Bank Stress Test

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 Jul, 2010
New York City

European markets advance on the gains in banks.. EU confirms euro-zone first quarter GDP grows 0.2%. German factory orders decline in May. Greek inflation slackens in June. Total E&P Canada agrees to buy UTS Energy.

Discovery, JA Solar Gain, Family Dollar Falls

Mayank Mehta
07 Jul, 2010
New York City

Discovery Communications Inc. led gainers in the S&P 500 index with a rise of 14.2%. Family Dollar profit up 19%. Bebe shares up 9% on PH8 closings and dividend. Cree and Philips sign comprehensive LED patent cross-license agreement. Kraft to sell Cadbury confectionery unit.

U.S. Stocks Fall; Intergraph in $2.2 B Deal

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 Jul, 2010
New York City

U.S. stocks trade lower following weaker-than-expected economic data. U.S. mortgage applications surge on refinancing. Sweden-based Hexagon agrees to buy U.S.-based Intergraph for $2.13 billion.

FTSE Rises 2.5%; Ocado Offering

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 Jul, 2010
New York City

The UK indexes advance after commodities and banks lifted investor sentiment. The British Chambers of Commerce reports strong economic growth in the second quarter. Ocado indicates public offering price range between 200 and 275 pence a share.

European Markets Surge

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 Jul, 2010
New York City

European markets rise on bargain hunting after markets in China region rallied The European Central Bank official said bank stress test transparency will restore confidence in the economy. The ECB settles covered bond purchases worth

Ctrip, Lincare Decline; Netflix, GE Gain

Mayank Mehta
06 Jul, 2010
New York City

Ctrip.com International Ltd. led the decliners in the S&P 500 index with a loss of 12.8%. Brown & Brown acquires assets of Meridian Group of New York. Fidelity National affirms outlook and raises new debt. GE contracts for Salalah Independent Water & Power Project totaling nearly $300 million.

U.S. Stocks Soar; BP Settles 50% Claims

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 Jul, 2010
New York City

U.S. stocks trade higher on economic optimism and gains in world markets. Reserve Bank of Australia keeps cash rate flat at 4.50%. The Gulf of Mexico oil spill disaster costs BP more than $3 billion that includes settlement of more than 50% of compensation claims.

UK Services Growth Slows; BP Costs Rise

Arthi Gupta, Mayank Mehta and Sanjay Barot
05 Jul, 2010
New York City

The UK indexes gyrate on concerns of sustained global economic recovery. The UK services industry index falls for the third time in four months but international reserves rise in June. Lloyds Banking Group forms joint venture with Coller Capital.

European Markets Weak; Retail Sales Rise

Arthi Gupta, Mayank Mehta and Sanjay Barot
05 Jul, 2010
New York City

European markets trade sideways on mixed economic data. The ECB Chief stresses on austerity measures and deficit cuts. Euro-zone retail sales grow 0.2% in May and private sector activity weakens further in June. Japan''s Daiwa agrees to buy Belgium based KBC

FTSE Climbs; Brit Rebuffs Apollo

Arthi Gupta, Mayank Mehta and Sanjay Barot
02 Jul, 2010
New York City

The UK indexes soar after Australia and miners agree on the lowered taxes. UK construction activity expands in June. Chloride accepts Emerson Electric''s 375 pence a share offer. Brit Insurance rebuffs Apollo Global takeover bid. RBS sells its commodities division to JPMorgan.

European Markets Gyrate; Inflation Up 3.1%

Arthi Gupta, Mayank Mehta and Sanjay Barot
02 Jul, 2010
New York City

European markets slump after U.S. non-farm payroll employment fell by 125,000 jobs in June. Euro-zone wholesale inflation accelerates to 3.1% but jobless rate stabilizes at elevated rate of 10% in May. Spanish jobless claims fall by 83,834 in June.

Lincare Fall; Christopher & Banks Gain

Mayank Mehta
02 Jul, 2010
New York City

Lincare Holdings Inc. led the decliners in the S&P 500 index with a loss of 9.6%. Blockbuster Inc annual meeting did not attract enough shareholders for its reverse split proposal. Watson Pharmaceuticals received regulatory approval for its generic drug for the treatment of organ transplant.

U.S. Stocks Fall; Payrolls Decline 125,000

Arthi Gupta, Mayank Mehta and Sanjay Barot
02 Jul, 2010
New York City

U.S. stocks trade sideways after weaker-than-expected payroll data. U.S. employment fell by 125,000 jobs and unemployment rate drops to 9.5% in June. Resource stocks rallied after Australia scraps the super profit tax proposal. Google agrees to buy ITA Software for $700 million.

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