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Market Update

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.

FTSE Falls 2%; Tate Sells EU Operations

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

The UK indexes tumble after weaker-than-expected manufacturing data from China and ongoing concerns about Spain. ABB plans not to match Emerson Electric''s offer for Chloride Group. Tate & Lyle decides to sell EU sugar refining operations for

European Markets Drop; Telef

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

European markets traded lower on weaker manufacturing outlook in the euro-zone, China and a sluggish U.S. jobs report. The ECB agrees to lend $136.7 billion to banks. Telef

Dell, Yahoo! Rise; Amazon, Pfizer Drop

Mayank Mehta
01 Jul, 2010
New York City

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U.S. Stocks Stumble; Jobless Claims Rise

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

U.S. stocks decline after disappointing manufacturing data from China and the possible downgrade of Spain

Spain Worries Resurface; Weak U.S. Jobs

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
30 Jun, 2010
New York City

U.S. stocks closed lower after a rating agency expressed negative comments on Spain and warned a ratings downgrade. Weaker than expected private sector hiring in the U.S. also contributed to the negative sentiment. Commodities traded mixed and the dollar edged lower. 10-year bond yields drop.

UK Indexes Gyrate; Chloride Accepts Emerson Bid

Arthi Gupta, Mayank Mehta and Sanjay Barot
30 Jun, 2010
New York City

The UK indexes trade sideways after European banks borrowed less than expected from the ECB. UK business investment grows 7.8% in the first quarter and coalition budget to cost 1.3 million jobs.

Acuity, Celgene Decline; Argon, Akamai Gain

Mayank Mehta
30 Jun, 2010
New York City

Acuity Brands, Inc. led the decliners in the S&P 500 index with a loss of 10.6%. American Greetings shares down nearly 6%. Monsanto posts smaller quarterly profit. General Mills profit slips and forecast lags estimate. Sealy swings to second-quarter profit.

European Markets Slide on U.S. Jobs Data

Arthi Gupta, Mayank Mehta and Sanjay Barot
30 Jun, 2010
New York City

The European markets slide after disappointing U.S. private sector employment report. ECB agrees to lend $161 billion to banks and extends bank support schemes in Netherlands, Slovenia, Greece and Poland. Portuguese government uses

U.S. Stocks Rise; ECB Refinancing

Arthi Gupta, Mayank Mehta and Sanjay Barot
30 Jun, 2010
New York City

U.S. stocks advance after ECB announces lending of $161 billion to banks. ADP report noted private sectors added 13,000 jobs in June. Celgene agrees to buy Abraxis BioScience for $2.9 billion. Sanofi-Aventis SA agrees to acquire U.S.-based TargeGen Inc. for $560 million.

Australian Indexes Fall 1%; Miners Hold Firm

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
30 Jun, 2010
New York City

Stocks in Australia declined for the second day on China growth worries and global economic recovery. Lending by banks and other finance companies rose in May. Export of coal from Newcastle increases. Rio Tinto signs agreement on prospecting in Kazakhstan.

Nikkei Falls 2% Tracking U.S. Losses

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
30 Jun, 2010
New York City

Stocks in Japan tracked declines in the U.S. markets after a weak consumer confidence and wages declined in May. Daihatsu Motor is planning to market a fuel efficient a mini car next year. Iraq''s cabinet approved Mitsubishi-Shell gas deal.

China Region Stocks at 14-month Lows

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
30 Jun, 2010
New York City

Stocks in Shanghai and Hong Kong fell on global worries. Standard Chartered agrees to invest $500 million in Agbank IPO. Ping An Bank Co agrees to merge with Shenzhen Development Bank. Citic Securities seeks $1.26 billion for China Securities stake.

Sensex Gains 1%; Monsoon Rain Lags 15%

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
30 Jun, 2010
New York City

Stocks in Mumbai traded higher and closed up for the sixth quarter in a row. Gold import in 2010 is expected to drop as much as 40%. Monsoon rains in June are 15% below average. Sumitomo Financial acquires 4.5% stake in Kotak Mahindra Bank Ltd.