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Nikkei in Tokyo at June high; Softbank, Sony, Elpida Up

Nigel Thomas
22 Jun, 2011
New York City

Stocks in Japan rebounded after concerns over Greece eased for now. The Nikkei index inched above 9,600 and closed at the high for the month. Chain store retail sales declined 1.4% in May. Softbank is likely to reach an agreement with Alibaba Group over its payment gateway technology.

Australian Index at 5-day High; Qantas Estimates $550 Million Net

Marcus Jacob
22 Jun, 2011
New York City

Stocks in Australia rebounded after a weak trading in the last five days. Resources linked stocks gained after Greek government won a parliament vote of confidence. Qantas Airways estimated full year profit of as much as $550 million but international operations continue to make losses.

U.S., European Markets Rally; Euro Firm, Oil Up

Bikram Pandey
21 Jun, 2011
New York City

U.S. and European markets rebound with resources linked stocks leading the advance. Oil, copper and gold turn positive. The S&P 500 index gained nearly 3% in the last four days and the Nasdaq added 1.8%. The euro held firm as Greek lawmakers debate austerity plan.

U.S. Movers: Barnes & Noble, Carnival, Gerber, Jefferies, Walgreen

Mukesh Buch
21 Jun, 2011
New York City

Barnes & Noble reported fourth quarter net loss widened to $59.4 million. Carnival second quarter net income fell to $206 million. Susquehanna will acquire Tower Bancorp for $343 million. Walgreen third quarter net earnings grew to $603 million.

UK Public Sector Borrowing Drops; Whitbread, Misys Surge

Arthi Gupta
21 Jun, 2011
New York City

The UK indexes climbed as concerns eased about a Greek debt default. The UK public sector borrowing declined in May and manufacturing demand remained strong in June. Irish trade surplus narrowed in April.

Greek Hopes Lifts Global, U.S. Indexes

Arthi Gupta
21 Jun, 2011
New York City

U.S. indexes gained on optimism of a resolution to the Greek debt crisis. eBay completed acquisition of GSI Commerce for $2.4 billion. Raytheon secured $1.7 billion contract to upgrade Patriot for Saudi Arabia.

German Sentiment Deteriorates; Finland Jobless Rate Falls

Arthi Gupta
21 Jun, 2011
New York City

German economic sentiment deteriorated in June and leading index rose in April. Swiss economic growth forecasted to slow to 1.9% in 2012. The jobless rate in Finland declined in May.

Greece Debates Austerity Plan; European Indexes Higher

Arthi Gupta
21 Jun, 2011
New York City

The European indexes traded higher ahead of the crucial confidence vote by the Greek Prime Minister George Papandreou. Weatherford settled claims with BP relating to the Deepwater Horizon oil spill. Elekta agreed to buy Nucletron for

Nikkei in Tokyo Up on Weaker Yen; TDK Lifts Dividend

Nigel Thomas
21 Jun, 2011
New York City

Stocks in Japan increased for the second day in a row after investors focused on the domestic manufacturing recovery. TDK Corp gained after it increased dividend and estimated net to increase 11% in the current year.

Foster's Rejects SAB Miller Offer; Australian Stocks Follow Higher Oil

Marcus Jacob
21 Jun, 2011
New York City

Australian stocks edged higher following a rise in commodities and international markets. The Euro-zone ministers, ECB, IMF and Greece remain at odds in how to fund the last portion of first bailout. Foster

Dow Higher on Valuation, Deals; Euro in Rearview

Bikram Pandey
20 Jun, 2011
New York City

U.S. stocks gained for the third day in a row but broader indexes struggle as the valuation trade near the lows of two decades. Deals news and positive views on the Greek saga lifted indexes from the early weak opening. European indexes closed at the low of the day. Asian markets closed mixed.

U.S. Movers: Carpenter, Nabors, Panasonic, Travelers, PNC

Mukesh Buch
20 Jun, 2011
New York City

Carpenter agreed to acquire Latrobe Specialty Metals for $558 million. Nabors expects second quarter operating income to be between $165 million and $170 million. Travelers agreed to acquire 43% stack in Brazil insurance JMalucelli for $410 million. PNC agreed to acquire RBC Bank (USA) for $3.45 bn.

Utilities Lift Nikkei in Tokyo; Trade Deficit Surges

Nigel Thomas
20 Jun, 2011
New York City

Stocks in Japan declined in the early trading but recovered the losses in the afternoon after utilities closed higher. Japan government said nuclear plants can resume operation as scheduled after the successful testing. Mazda and Olympus rose on the higher earnings estimates.

UK Home Prices Rise; Rolls-Royce Wins $2.2 B Order from TAM

Arthi Gupta
20 Jun, 2011
New York City

The UK indexes fell. The UK gross mortgage lending rose in May and home prices gained in June. Rolls-Royce secured $2.2 billion contract from Brazil-based TAM Airlines. Rexam agreed to sell Closures to U.S.-based Berry Plastics for $360 million.

U.S. Indexes Lower; PNC Financial, RBC Bank in $3.45 B Deal

Arthi Gupta
20 Jun, 2011
New York City

U.S. indexes declined on the ongoing worries related to the euro-zone. PNC Financial agreed to buy RBC Bank for $3.45 billion. Boeing won $1.7 billion order from Qatar Airways. Colgate purchased Sanex personal care brand from Unilever for $952 million.

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