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UK Extends World Markets Gains; Regus Soars 15%, Essar Energy Drops 6%

Nigel Thomas
21 Mar, 2011
New York City

UK stocks soared tracking the gains in the European markets. Crude oil increased after UK and France led military attacks in Libya. Regus soared more than 15% after it estimated higher income in the current year. Jupiter Fund Management said its annual net soared six-fold.

U.S. Movers: AIG, AT&T, Citigroup, Schwab, Nextel, Tiffany

Mukesh Buch
21 Mar, 2011
New York City

AIG released first quarter preliminary pre-tax insurance loss of $1.0 billion. AT&T agreed to acquire T-Mobile from Deutsche Telekom for $39 billion. Charles Schwab agreed to acquire optionsXpress for $1 billion in stocks. Tiffany fourth quarter net income soared to $181.2 million.

European Indexes Soar 2%; Swiss Re Estimates $1.2 Billion Japan Losses

Marcus Jacob
21 Mar, 2011
New York City

European markets surged after Japan nuclear meltdown fears receded. Wireless carriers in Europe were on the upswing after Deutsche Telekom agreed to sell its U.S. unit for $39 billion. Insurance stocks increased after Swiss Re estimated $1.2 billion of losses linked to Japan quake.

U.S. Home Resales Decline 9.6% in February

Arjun Dave
21 Mar, 2011
New York City

U.S. existing home sales rate declined 9.6% to 4.88 million and median home price fell 5.2% to $156,100. Inventory of unsold homes increased to 8.6-month supply.

U.S. Indexes, Oil Surge 1.6%; Allies Bomb Libya

Bikram Pandey
21 Mar, 2011
New York City

U.S. stocks surged after crude oil prices gained and markets in Europe and Asia advanced. AT&T gained after it agreed to acquire for $39 billion T-Mobile and Charles Schwab offered $1 billion for online options trading firm. SunTrust and KyeCorp raised $1.67 billion to repay TARP funds.

Sensex in India Drifts Lower on Higher Oil; PFC $800 Million Offering

Devan Biswas
21 Mar, 2011
New York City

Stocks in Mumbai traded lower after crude oil prices gain stoked the worries of higher inflation and prompted analysts to talk of a market correction of further 5%. Mahindra & Mahindra completed the purchase of a stake in Korean engine maker. Power Finance Corp approved $800 million offering.

Hang Seng Surges 1.7%, Shanghai Up on Energy Stocks

Devan Biswas
21 Mar, 2011
New York City

Stocks in Hong Kong and Shanghai increased after investors shrugged off the latest bank reserve tightening. China energy stocks gained after crude oil prices increased. Kweichow Moutai Co, China

Australian Stocks, Dollar Up; Lundin to Reject Equinox Offer

Marcus Jacob
21 Mar, 2011
New York City

Australian stocks traded up as resource stocks gained and Japan cited more progress in containing a nuclear reactor. Crude oil prices surged after UK and France led an attack on Libya that killed as many as 150 civilians. Lundin Mining asked shareholders to reject hostile offer from Equinox Mining.

AT&T to Buy T-Mobile for $39 Billion; Regulatory Hurdles Loom

Arjun Dave
21 Mar, 2011
New York City

AT&T Inc agreed to acquire T-Mobile from Deutsche Telekom in a cash and stock deal for $39 billion. The deal will catapult AT&T to the largest wireless carrier in the U.S. and customers may see higher prices in less than a year. J.P. Morgan will provide $20 billion in debt financing.

U.S. Extends World Markets Gains; Commodities Struggle

Bikram Pandey
18 Mar, 2011
New York City

U.S. markets extended gains for the second day after crude oil price declined and Libya backed down and announced a cease-fire. Bank of Japan pumped $37 billion in a coordinated currency intervention with the central banks in Europe and North America. World markets gained more than 1%.

U.S. Movers: Cisco, Polypore, CostPlus, Nike, SeaChange

Mukesh Buch
18 Mar, 2011
New York City

Cisco traded higher after it announced a quarterly dividend of six cents. CostPlus fourth quarter net income increased but estimated lower than expected in the current year. Nike third quarter net income soared 5% to $523 million. The Cato fourth quarter net income rose 8%.

UK Indexes Up 0.7%; Sluggish Mortgage Lending, Record Low Confidence

Nigel Thomas
18 Mar, 2011
New York City

UK stocks traded higher matching the gains in Europe and world markets. Crude oil declined after Libya announced a no-fly zone. UK mortgage lending in February declined as home market remained sluggish and consumer sentiment index dropped to the low last seen in 2004.

Wall Street Rallies on Yen Intervention, Libya Action

Marcus Jacob
18 Mar, 2011
New York City

U.S. stocks traded higher after G-7 central bankers conducted a coordinated currency market intervention. The joint action, first in a decade also highlighted fragile global recovery and need to dampen speculative volatility. U.N. passed a no-fly zone over Libya. Cisco declared a quarterly dividend.

European Markets Jump 1.3%; Spain's Bad Debt at 16-year High

Nigel Thomas
18 Mar, 2011
New York City

Stocks in Europe opened higher after G-7 nations conducted a coordinated action to tame the yen, Libya announced a cease fire and U.N. passed a no-fly zone resolution over Libya. Spain

Sensex Drops 1.5% on Inflation Worries; Reliance Drops 3.7%

Devan Biswas
18 Mar, 2011
New York City

Stocks in Mumbai declined on the worries that another hike in retail petrol prices will stoke a new round of inflation. Political noise also notched up after a leaked U.S. diplomatic cable hinted that Congress Party offered bribes to win the nuclear treaty vote in Parliament.

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