Login
Breaking News
Nvidia   Target Corp.   Dolby Laboratories   Onsemi   Home Depot   Walt Disney   StubHub   Applied Materials   Sweetgreen  

Market Update

European Debt Stress Drags S&P 2% Lower; Euro at $1.40

Bikram Pandey
11 Jul, 2011
New York City

U.S. indexes on Monday dropped as much as 2%. The sentiment weakened after the weak jobs report on Friday, rising inflation in China and the spread of sovereign debt stress in Italy accelerated sell-off from the start. Peabody Energy made one more attempt to acquire Australia based Macarthur Coal.

U.S. Movers: Arch, Caterpillar, Micromet, Stillwater, Vanguard

Mukesh Buch
11 Jul, 2011
New York City

Arch Chemicals agreed to be acquired by Lonza Group AG for $1.4 billion. Caterpillar completed acquisition of Bucyrus International of $8.8 billion. Micromet and Amgen enter in a collaboration agreement. Stillwater enters in a deal to acquire Peregrine Metals Ltd for $487.1 million.

Manufacturing Output in Ireland Rises; BSkyB Slumps 6.5%

Arthi Gupta
11 Jul, 2011
New York City

The UK indexes traded lower on global economic concerns as Italy gained the focus of bond investors. Manufacturing output in Ireland increased in May and construction activity dropped in June. BSkyB slumped 6.5% after the company''s proposed acquisition by News Corporation is under scanner.

Nikkei in Tokyo Drops 0.7%; Elpida Plunges 13%

Nigel Thomas
11 Jul, 2011
New York City

The Nikkei index declined after rallying for two weeks and the yen strengthened. Industrials and automakers declined after the U.S. reported sharply lower than expected increase in payrolls. Banks fell after debt contagion fears spread in the euro-zone to Italy.

U.S., World Markets Down on Italian Debt Fears, Chinese Inflation

Arthi Gupta
11 Jul, 2011
New York City

U.S. indexes dropped 1% on the euro-zone debt contagion fears. Italy is the latest focus. Precision Castparts agreed to acquire Primus International for $900 million. Peabody and ArcelorMittal confirmed joint bid for Australia-based Macarthur Coal for $5 billion.

Australia Proposed Carbon Tax; Peabody Sends New Bid for Macarthur

Marcus Jacob
11 Jul, 2011
New York City

Stocks in Australia in a knee jerk reaction closed lower after Prime Minister Julia Gillard proposed to levy $23 a ton of carbon generated by the largest 500 Australian companies. The proposal is expected to be implemented by July 2012. Qantas quickly announced the plan to pass on the tax.

French Industrial Output Increases; Norwegian Inflation Declines

Arthi Gupta
11 Jul, 2011
New York City

The OECD leading index fell in May. French industrial production expanded and Greek industrial output rebounded in May. Denmark surplus rose and Estonia''s trade deficit narrowed to

Italy's 4% Plunge Drags Europe Lower; Nestle Buys Chinese Candy Maker

Arthi Gupta
11 Jul, 2011
New York City

European Union regulators to hold an emergency meeting today as debt fear contagion spreads to Italy. The index in Germany fell 2.3%, in Paris dropped 2.7% and in Italy plunged 4%. Nestle agreed to buy stake in China-based Hsu Fu Chi for $1.72 billion.

U.S. Indexes Drop 1.4% on Weak Jobs Growth

Bikram Pandey
09 Jul, 2011
New York City

U.S. indexes turned lower after unemployment rate increased to 9.2% and payrolls increased only 18,000 in June. The second weak monthly jobs data cast a long shadow on market sentiment and investors scaled back economic expansion outlook. Crude oil decreased and gold gained.

U.S. Movers: Ameron, Ixia, National Oilwell, PriceSmart, Regis

Mukesh Buch
08 Jul, 2011
New York City

Ameron International second quarter net income plunged. National Oilwell agreed to acquire Ameron in cash for $772 million. PriceSmart third quarter net income rose. FTI Consulting estimated second quarter revenues in the range of $395 million to $401 million.

Marvell Technology Q1 Earnings Call Transcript

123jump.com Staff
08 Jul, 2011
New York City

The chipmaker net revenue for the first quarter fell 6% to $802.40 million. Net income declined 29% to $146.9 million in the quarter. Earnings dropped to 22 cents per share compared to 30 cents per share for the year-ago quarter.

UK Index Decline 1.1%; BSkyB Acquisition in Limbo

Arthi Gupta
08 Jul, 2011
New York City

The UK indexes declined after producer prices rose 5.7% in June, driven by higher petroleum and food prices. News Corp may face a delay in the acquisition of British Sky Broadcasting after an outrage on its long practised journalism ethics at the largest selling tabloid.

U.S. Non-Farm Payrolls Rise 18,000; Jobless Rate at 9.2%

Arthi Gupta
08 Jul, 2011
New York City

U.S. indexes futures edged lower after non-farm payrolls increased a meagre 18,000 and unemployment rate climbed to 9.2% in June. U.S. retailers reported best same store sales in seven years. Newport agreed to buy Ophir Optronics for $230 million.

Nikkei in Japan Gains 0.7%; Retailers Lift Earnings Outlook

Nigel Thomas
08 Jul, 2011
New York City

The benchmark index Nikkei in Tokyo closed at a 4-month high after the yen weakened and retailers lifted operating earnings outlook. Utilities rebounded a day after falling sharply on the stress test worries.

German Trade Surplus at

Arthi Gupta
08 Jul, 2011
New York City

German exports rebounded but manufacturing turnover fell in May. French May budget deficit widened and business sentiment fell in June and Swiss jobless rate remained flat in June. Hungary trade surplus surged in May.