ticker

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

U.S. Jobless Rate Drops to 8.9%; IMF Forecasts High Food Prices

Arthi Gupta
04 Mar, 2011
New York City

U.S. indexes gained after payrolls rose 192,000 and jobless rate fell. The IMF forecasted high food prices on rising demand. Dresser-Rand agreed to acquire Spain-based Grupo Guascor for $690 million.

Sensex in India Drifts; Banking Amendment Bill Clears Cabinet

Devan Biswas
04 Mar, 2011
New York City

Mumbai stocks surrendered earlier gains. Union Cabinet approved the banking reform bill that will increase shareholder voting right proportional to holding and require an approval for a stake higher than 5%. Tata Power plans to increase its generating capacity eightfold in the next seven years.

Shanghai Stocks Rally 1.4% Ahead of Plenary Meeting

Devan Biswas
04 Mar, 2011
New York City

China region stocks gained as investors focused on the meeting of lawmakers, bankers and policymakers beginning tomorrow for the next ten days. China is looking to drive economic growth in the next five years through higher consumption.

Nikkei in Japan Jumps 1%; Sumitomo Electric Develops Cheaper Car Battery

Nigel Thomas
04 Mar, 2011
New York City

Stocks in Tokyo trading closed higher as crude oil eased and positive economic data in the U.S. The yen fell against the euro lifting the export sensitive stocks. Sumitomo Electric Industries soared 8% after it developed cheaper car battery.

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