ticker

Sanofi Acquires Genzyme in $20.1 Billion, Family Dollar in Play

Arthi Gupta
16 Feb, 2011
New York City

U.S. indexes rose after Dell net more than doubled. U.S. homebuilder confidence remained flat in February. Sanofi-Aventis acquired Genzyme in a $20.1 billion deal. Air Products withdrew its offer for Airgas. Borders Group filed for bankruptcy.

Sensex Extends 3-day Gains; Pharma, IT Exporters Rise

Devan Biswas
16 Feb, 2011
New York City

Stocks in Mumbai closed higher for the fourth day as investors bid up export sensitive stocks. The Sensex gained 0.1% and the rupee edged lower. India and Japan signed a free trade pact that will eliminate tariffs on 94% of trade and lift trade to $25 billion by 2015.

Japan and India Sign Free Trade Pact; Banks, Daihatsu Rise

Nigel Thomas
16 Feb, 2011
New York City

Stocks in Japan closed higher as foreign investors shift money to developed market. The yen strengthened. Daihatsu Motor will begin production of low-priced compact cars in Indonesia. Japan and India sign free trade agreement that will eliminate tariff on 94% of trade in ten years.

India Movers: BPCL, Hexaware, Jindal Steel, Tata Steel

Mukesh Buch
16 Feb, 2011
New York City

Bharat Petroleum Corporation to increase jet fuel prices by 4.12%. Jindal Steel gained 3% after environment ministry approved steel plant in Orissa. Tata Steel gained 3.9% after net profit surged 112%.

BHP Billiton Net Soars 72%; Gloucester Coal Net Jumps 36%, CSL Net Falls 19%

Marcus Jacob
16 Feb, 2011
New York City

Australian stocks closed nearly unchanged and the dollar edged lower. BHP Billiton first half net soared 71.5% to $10.5 billion on 39% increase in sales. The blood plasma maker CSL net declined 19%. Gloucester Coal net soared 36%.

U.S. Stocks Fall on Retail Sales Data; Deutsche Boerse, NYSE Agree to Merge

Bikram Pandey
15 Feb, 2011
New York City

U.S. stocks fell after retail sales rose less than expected in January and import prices rose 1.5%. Deutsche Boerse and NYSE Euronext agreed to merge that will create world�s largest network of equities and futures exchanges. Euro-zone sets up a permanent bailout fund. China inflation worries Asia.

U.S. Movers: Agilent, FedEx, Froward Air, Qwest, Walter Energy

Mukesh Buch
15 Feb, 2011
New York City

Agilent first quarter net income surged 144% to $193 million. FedEx lowered earnings guidance. HCP fourth quarter net income increased to $136.2 million. Qwest Communications swings to a net loss of $161 million. Sirius reported fourth quarter net loss.

UK Inflation at 4%; UK Home Prices Rise; Barclays Surges 5%

Arthi Gupta
15 Feb, 2011
New York City

The UK indexes fell after the Bank of England Governor Mervyn King warned inflation likely to rise further and home prices rose. January inflation rose at twice the rate set by the central bank. UK Commercial Property acquired Leicester Retail Park. Barclays Plc net nearly triples.

Euro-zone Sets Up Bailout Fund; Danone Net Surges 38%

Arthi Gupta
15 Feb, 2011
New York City

The European indexes rose after weaker-than-expected domestic economic growth data. Euro-zone finance ministers agreed to set up a permanent sovereign bailout fund for the region of

Ecuador Orders Chevron to Pay $9 Billion; FedEx Warns, Retail Sales Rise

Arthi Gupta
15 Feb, 2011
New York City

U.S. indexes traded higher on optimism of positive economic data. Berkshire Hathaway sold stake in eight companies including Bank of America and Nike. Ventana accepted Batista''s offer. Chevron plans to appeal adverse Ecuador ruling that may cost as much as $16 billion.

Sensex in 3-day Rally Gains 4.5%, Tata Motors Up

123jump.com Staff
15 Feb, 2011
New York City

Mumbai stocks extended gains for the third day and rebounded 4.5%. The Sensex index has declined 15% form the peak in the first week in January. LIC Housing surged after a government controlled fund resumed investing. Tata Motors global sales rose 16% in January. Reliance MediaWorks loss widens.

India Movers: LIC Housing Finance, Reliance Comm, Tata Power, Unitech

Mukesh Buch
15 Feb, 2011
New York City

Ahluwalia Contracts fell 1% after net profit slumped 46%. LIC Housing Finance surged 10.8% after government controlled pension fund resumed investment in the company. Reliance Communications gained 4% and net profit fell 57%. Tata Power soared 6% after net profit of surged 348%.

China Inflation at 4.9%, Stocks Flat; Anhui Conch Surges

Devan Biswas
15 Feb, 2011
New York City

Stocks in Shanghai closed flat and in Hong Kong declined on the worries that more rate tightening may be needed to stem the inflation. The January inflation rose 4.9%, less than expected on the change in index weights on fast rising food prices. Cement makers gained on higher demand expectation.

Nikkei Index Nears 10-month High; GS Yuasa Rises; Yamaha Plunges

Nigel Thomas
15 Feb, 2011
New York City

Stocks in Japan traded higher as on earnings optimism and shifting fund flows to the developed markets. GS Yuasa rose after it lifted its earnings outlook but Yamaha plunged 11% after it estimated lower than expected earnings.

Australian Dollar Advances; Westpac Gains, Brambles Falls

Marcus Jacob
15 Feb, 2011
New York City

Australian stocks closed nearly unchanged and the Australian dollar rose to a 9-month high against the yen. Brambles declined after it reported lower than expected earnings. Westpac gained after quarterly net fell but interest margin rose. The RBA statement confirmed the tightening bias.

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