Mayank Mehta
24 May, 2010
New York City
Sprint Nextel Corporation led gainers in the S&P 500 index with a rise of 5.3%. Campbell Soup profit dips in recent quarter. DreamWorks Animation SKG Inc dropped as much as 14% after the latest movie reported lower than expected weekend revenues.
Arthi Gupta, Mayank Mehta and Sanjay Barot
24 May, 2010
New York City
The European markets fell on lingering concerns that the bailout package may not contain the deepening financial and fiscal crisis. Bank of Spain takes forced to take over a regional savings bank CajaSur. U.K. Chancellor proposes
Arthi Gupta, Mayank Mehta and Sanjay Barot
24 May, 2010
New York City
U.S. stocks fall amid worries about European debt and high fiscal debt in Europe. Gentiva Health Services agrees to acquire Odyssey HealthCare for $1 billion. Equity One to buy Capital And Counties USA through $600 million joint venture deal. AT&T sells its Sterling Commerce to IBM for $1.4 billion.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
24 May, 2010
New York City
Market indexes in Shanghai,Hong Kong surge on the recovering global optimism. Strategic talks between China and US begin in Beijing today as China resists pressure to revalue the yuan. Second land auction in Hong Kong fetches below estimated price. New home prices drops 16% in the week ended May 23.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
24 May, 2010
New York City
The stocks in Tokyo traded sideways and closed lower as global economic worries persisted. Cabinet office noted in its monthly report that the economy is steady though not in the self-sustaining mode. China based Shangdong Ruyi Group agreed to acquire 40% stake in in the apparel maker Renown Inc.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
24 May, 2010
New York City
Australian stocks rebound but the dollar continues to fall for the sixth day in the last seven days. Fortescue CEO says the government is adamant on super tax threshold. Healthscope Ltd permits private equity consortium due diligence in preparation of a takeover bid.
Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
24 May, 2010
New York City
Mumbai stocks traded higher after industrial production index increased in March and in the fiscal year ending in the month. Ambani brothers agree to cooperate to resolve natural gas distribution dispute. Standard Chartered Plc is scheduled to launch its public offering.
123jump.com Staff
24 May, 2010
New York City
Sales rose 15.4% to $5.02 billion and net income rose 58.4% to $331.4 million or 80 cents a share. Consolidated comparable store sales were up 9% on top of last year''s 2% increase. Consolidated pretax profit margin was 10.7%. The gross profit margin was 250 basis points above last year.
Chandrasekhar Atreya
22 May, 2010
New York City
Abbott Laboratories enters into a definitive agreement with Piramal Healthcare to buy its generic branded business in an all cash deal of $3.7 billion. This deal will make Abbott the largest drug company in India with 7% share of the market.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
21 May, 2010
New York City
U.S. stocks closed higher in a late rally after the Senate passes financial reform bill. Banks and financial services gained from the recent lows. Gold declined and copper gained. U.S. bonds traded sideways but near recent lows. Markets in Asia closed near the lows for the year.
Arthi Gupta, Mayank Mehta and Sanjay Barot
21 May, 2010
New York City
The FTSE 100 index plunged as low as below 5000 but managed to close down 0.2% as euro-zone financial crisis remains in focus. U.K. deficit surges to a new record in April but business investment grows. Germany passes euro-zone rescue bill. British Airways reports record annual loss.
Arthi Gupta, Mayank Mehta and Sanjay Barot
21 May, 2010
New York City
The European indices fell to an eight-month low as euro-zone financial crisis slowly migrates to fiscal crisis. Spain approved austerity measures and German lawmakers passed their share of $1 trillion of bailout package. Statoil agrees to sell its stake in a Brazil based field to Sinochem.
Mayank Mehta
21 May, 2010
New York City
Brocade Communications Systems, Inc. led the decliners in the S&P 500 index with a loss of 12.9%. Aeropostale''s first-quarter profit jumps 43%. Brocade swings to a profit as sales dip. Salesforce.com net slips though sales rise 24%.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
21 May, 2010
New York City
Finance Ministry in China completed the sale of 28 billion yuan bonds maturing in 2060 at an average of 4.03%. For the week indexes in Shanghai declined 4.2%. PetroChina Company Ltd halts CNPC assets purchase plan. Huadian Power plans to acquire power plant for 900 million yuan.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
21 May, 2010
New York City
Stocks fell in Australia as investors fear widening euro-zone crisis may slowdown global economic recovery. The Australian dollar rebounded by 1.2%. Sigma Pharmaceuticals receives a takeover offer from an unidentified bidder. Fire at the Hobart smelting facility curtails 20% zinc production.
