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Merger Deals Drive Japan Trading Sentiment; Hitachi, Terumo Up

Nigel Thomas
08 Mar, 2011
New York City

Stocks in Japan gained after two merger deals. Hitachi rose after it sold its hard disk unit for $4.3 billion and Terumo purchased blood transfusion technology maker for $2.7 billion. Nomura prepares for global expansion after it appointed its first female chief financial officer.

Australian Investors Look Beyond Oil; Amcor, Visy Settle Price-fixing Case

Marcus Jacob
08 Mar, 2011
New York City

Australian stocks closed higher as investors focused on domestic economic developments. Amcor and Visy Group settled price-fixing case for nearly $700 million. Amcor completed the sale of 550 million euro bonds.

U.S. Indexes Turn Lower, Oil Advances to Fresh 30-month Peak

Bikram Pandey
07 Mar, 2011
New York City

The Dow, the S&P 500 and the Nasdaq indexes turned negative after oil resumed its advance for the fourth week as fighting in the Middle East intensified. European markets turned lower after Greek debt was downgraded. Luxury retailers rise after LVMH agreed to acquire a controlling stake in Bulgari.

U.S. Movers: Ciena, Kronos, LVMH, Sasol, Western Digital

Mukesh Buch
07 Mar, 2011
New York City

Ciena first quarter net loss widened to $79.0 million. Kronos fourth quarter net income of $36.4 million. LVMH agreed to take control of Bulgari SpA. New Gold fourth quarter net earnings surged to $72.8 million. Shenandoah fourth quarter net income in the quarter plunged.

UK Indexes Climb; Pearson Buys EDI; Inmarsat Plunges

Arthi Gupta
07 Mar, 2011
New York City

The UK indexes closed higher tracking gains in oil. The CBI urged UK chancellor to offer tax relief and focus on economic growth in the next budget. The LSE contemplated bid for Nasdaq. Pearson agreed to acquire Education Development International. IAG agreed to purchase eight aircrafts from Airbus.

Greek Debt Downgraded; LVMH Takes a Majority Stake In Bulgari

Arthi Gupta
07 Mar, 2011
New York City

The European indexes climb after euro-zone investor confidence rose in March. Ratings agency lowered Greece government bond ratings. LVMH acquired controlling stake in Italian-jeweler Bulgari. Daimler and Rolls-Royce are reportedly in talks to acquire Tognum AG.

U.S., World Indexes Higher, Oil Jumps 2%; Ciena Net Loss Widens

Arthi Gupta
07 Mar, 2011
New York City

U.S. stocks struggle as crude oil reach to a new 30-month high. Western Digital agreed to acquire Hitachi Global Storage for about $4.3 billion. Japan-based Terumo agreed to purchase CaridianBCT for $2.63 billion. Travelport agreed to sell GTA business to Switzerland-based Kuoni for $720 million.

Sensex in India Drops 1.4%, Ruling Coaltion Loses Support

Devan Biswas
07 Mar, 2011
New York City

Mumbai stocks closed lower after oil hit another high and political concerns rose in New Delhi. Regional party DMK withdrew its support to the ruling coalition that may stymie government economic agenda. Rate sensitive stocks led the decliners.

Shanghai Stocks Surge 1.8%; Policymakers Focus on Inflation

Devan Biswas
07 Mar, 2011
New York City

Stocks in Shanghai surged as investors focused on domestic economy and in Hong Kong fell after crude oil price surged to 30-month high. The policy makers at a national annual meeting focus on arresting inflation and spreading job growth and wage increase to rural areas.

Nikkei in Japan Falls 1.8%, Foreign Minister Resigns

Nigel Thomas
07 Mar, 2011
New York City

Stocks in Tokyo trading fell after crude oil prices gained, Toyota debt rating was lowered and Japanese foreign minister resigned. Automakers declined in the worries that global demand will decline as crude oil price jump 50% in the last eight months to a 30-month high.

Australian Indexes Slide 1.4%; Petrol Retail Price at 29-month High

Marcus Jacob
07 Mar, 2011
New York City

Stocks in Australia fell on the worries that near three-year record petrol prices will impact economic growth and contribute to inflation. The benchmark indexes dropped 1.4%. A private survey of employment ads in Australia indicated an increase of 1.2% in February.

World Markets Decline After Record Gasoline Prices

Bikram Pandey
05 Mar, 2011
New York City

U.S. indexes turned negative on Friday after crude oil prices rebounded. U.S. employers added 192,000 jobs in February and private sector added jobs for the 12th month in a row. Factory orders rose at the fastest pace in more than four years. Europe struggles with near record retail price of fuel.

U.S. Movers: Genesco, Novell, Cooper and Wal-Mart

Mukesh Buch
04 Mar, 2011
New York City

Genesco fourth quarter net earnings rose to $30.8 million. Hughes quarterly net income in the quarter surged to $16.9 million. Marvell net income in the quarter rose 9% to $222.9 million. Novell reported first quarter net loss of $17.94 million. The Cooper first quarter net income surged 122%

UK Home Prices Index Declined 2.8%; WPP Net and Ocado Sales Rise

Arthi Gupta
04 Mar, 2011
New York City

The UK indexes edged higher after home prices dropped in February and new orders in the construction sector rose in the fourth quarter. WPP net rose 34% reflecting revenue growth. Ocado quarterly gross sales increased 24.7%.

European Indexes Higher, Polish Jobless Rate 13.2%; Areva, Hermes Net Surge

Arthi Gupta
04 Mar, 2011
New York City

The European indexes rose after better-than-estimated U.S. jobs data. The ECB President Trichet hinted on a possibility of a rate hike. Spain and Estonia''s industrial production increased in January. KBC Group agreed to sell Centea unit to Cr

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