ticker

UK Inflation Rises; Cadbury, Burberry Up

Mayank Mehta
19 Jan, 2010
New York City

UK stocks closed higher after Cadbury Plc accepted improved offer from Kraft. Cadbury board dropped its resistance to the hostile offer from Kraft as it could not find competing bidders. Consumer prices in December rose 2.9%. Burberry Group surged on higher than expected sales.

TD Ameritrade, Kraft Fall; Citi, Brink's Rise

Mayank Mehta
19 Jan, 2010
New York City

Kraft edged lower after Cadbury accepted its revised offer that valued the company at $19.5 billion. Tyco TD Ameritrade profit falls. Tyco agreed to pay $2 billion for Brink

Deals of $34 Billion Dominate New York Trading

123jump.com Staff
19 Jan, 2010
New York City

Three deals dominated investor focus. Cadbury agreed to Kraft offer of $19.5 billion, Williams Companies and its affiliate agreed to restructure energy distribution assets for $12 billion and Tyco purchased Brinks Home Security for $2 billion. Financial were weak after Citigroup reported loss.

Cadbury Accepts Kraft's $19.5 billion Offer

123jump.com Staff
19 Jan, 2010
New York City

Kraft revised its offer for Cadbury to

Euro Struggles, Greece Credibility in Question

123jump.com Staff
19 Jan, 2010
New York City

European markets trade lower as lawmakers and regulators voice their concerns how Greece will implement its debt reduction plan. The euro declined. Japanese stocks declined after JAL Corp filed for bankruptcy protection with $25 billion in debt.

HK Stocks Weak; CapitaLand, Orient Overseas Deal

Mayank Mehta
18 Jan, 2010
New York City

Stocks in China closed mixed ahead of earnings season. Orient Overseas Ltd, battling a deep slump in container shipment traffic sold its China property development projects for $2 billion to Singapore based CapitaLand Ltd. Shanghai home sales plunged 53% in the first two weeks in January.

European Indexes Advance; Richemont Sales Up

123jump.com Staff
18 Jan, 2010
New York City

Ahead of earnings season, stocks in Germany, France and Switzerland gained. Munich Re added 2% after it signed an agreement with UK based Admiral Group Plc. Areva SA does not anticipate additional charges related to a troubled project in Finland. Richemont SA sales rise on Asian demand.

International Power Drops; BA Strike Looms

123jump.com Staff
18 Jan, 2010
New York City

International Power dropped 4% after it terminated its talks with GDF Suez. The second largest UK home builder Taylor Wimpey Plc home sales declined 24% in the last year and average price declined 6.5%. BA Plc cabin crew is scheduled to vote next week on strike action.

Lihir Gold CEO Resigns, Tiger Air IPO

Darlington Musarurwa
18 Jan, 2010
New York City

Stocks in Australia recovered from earlier losses and closed fractionally higher. Weak international prices of metals affected the trading sentiment. Lihir Gold chief executive Hood resigned after the company did not renew his contract. Discount airline Tiger Airways IPO was fully subscribed.

Japan Production Index Rises; BoJ Lifts Outlook

Darlington Musarurwa
18 Jan, 2010
New York City

Bank of Japan raises assessments in four of the nine regions. Japan industrial production increases 2.2% in November. Finance minister Kan pledges to fight deflation. Japan Airlines Corp is negotiating with Delta and American Airlines to secure a better deal as it prepares its restructuring filing.

TCS Earnings Lift Indian indexes, L&T Power Debt

Mayank Mehta
18 Jan, 2010
New York City

Stocks in Mumbai closed higher after Tata Consultancy Services Ltd quarterly net surged 33%. UltraTech Cement drops on poor quarterly earnings. Suzlon Energy wins order in Sweden. Jaiprakash Associates third quarter lower than expected net income.

Euro Trades Lower on Greece, Portugal Worries

123jump.com Staff
18 Jan, 2010
New York City

European markets traded higher but the euro edged lower. The benchmark index in Greece dropped nearly 2% as the EU regulators and Greece government review ways to lower Greek budget deficit in 2010 and after. Asian markets closed higher. Richemont SA quarterly sales increased 2%.

Consumer Worries Drag U.S., World Markets Lower

123jump.com Staff
15 Jan, 2010
New York City

U.S. stocks declined on the worries that consumer may not still be healthy. JPMorgan in its latest quarterly earnings booked a loss in its retail banking unit and increased provision of loan losses. The dollar gained against the euro and gold closed lower. Commodities fell.

China Reserves Surge 23% to $2.4 Trillion

Darlington Musarurwa
15 Jan, 2010
New York City

Foreign exchange reserves surged 23% to $2.4 trillion in 2009 as trade surplus drives new fund flows of $453 billion. Foreign direct investment in December more than doubled to $12.1 billion. Automakers rise on the brisk demand for automobiles despite revised taxes in 2010.

Commonwealth Bank Net Surges 44% in Australia

123jump.com Staff
15 Jan, 2010
New York City

Shares of banks advanced and Commonwealth Bank said its cash profit for the first half increased 44%. Macarthur coal lifted its first half net earnings forecast to a range between A$37 million and A$42 million.

Market Update