Login
Breaking News
McDonald's   Rockwell Automation   Monday.com Ltd.   ON Semiconductor   Amazon.com   VeriSign   Expedia   Hilton Worldwide   Cognizant  

Market Update

Best Buy, FactSet Drop; Starlim, JA Solar Surge

Mayank Mehta
15 Dec, 2009
New York City

Best Buy dropped 7% after quarterly results. FactSet Research Systems dropped as much as 10% after it estimated earnings that missed analysts

U.S. Stocks Trade Sideways; Dollar Gains

123jump.com Staff
15 Dec, 2009
New York City

Stocks traded sideways in the morning after the release of industrial production and PPI inflation data. The Producer Price Index increased 1.8% in November and total output in the month increased 0.8%. The dollar gains against the euro on the worries that the inflation is gaining a hold.

Stocks in India Decline; NTPC Stake Sale

123jump.com Staff
15 Dec, 2009
New York City

Stocks in India declined on the worries that the government is facing a challenge to control food price inflation. GMR is in talks with Singapore based Temasek to raise $150 million for its power project. India hopes to collect $5 billion from its stake sale in NTPC.

China Worries Home Price Bubble; Developers Fall

Darlington Musarurwa
15 Dec, 2009
New York City

Property developers in China and Hong Kong declined after the regulators and government announce more measures to control the asset bubble in the sector. China plans to offer more low cost housing and control access to the lenders.

Baltic Freight Rate Index; Sixth Daily Drop

123jump.com Staff
15 Dec, 2009
New York City

The Baltic Freight Rate Index continues to decline as the futures of crude oil price weaken further in London trading. The index has been on the decline from its latest peak in late November but still up five times from its low near 800 at the beginning of the year.

Cabinet in Japan Approves Budget; Shippers Fall

Darlington Musarurwa
15 Dec, 2009
New York City

The Cabinet Office in Japan approved the second budget of $80 billion and to provide access to additional financing to small businesses. The latest survey of businesses suggests more companies are lowering wages in Japan. Shipping lines and resource stocks led the decliners in Tokyo trading.

China Stocks Rise; ICBC Acquires 10% in HKME

Darlington Musarurwa
14 Dec, 2009
New York City

Hong Kong index of industrial production falls 8.6% in the third quarter. Hong Kong and Chinese stocks rise after markets in Asia and Australia gain on the Abu Dhabi bailout of Dubai World. ICBC acquired 10% stake in Hong Kong Mercantile Exchange.

Tokyo Indexes Fall; Weak Banks, Business Climate

Darlington Musarurwa
14 Dec, 2009
New York City

New condo for sales in Tokyo increased 10.8% in November. Japan

Revised Offer for AXA Asia; Sydney Stocks Up

Darlington Musarurwa
14 Dec, 2009
New York City

AXA Asia Pacific Holdings receives a sweetened A$12.9 billion offer from AMP and AXA. Woodside plans to raise A$2.5 billion in a rights offering. Westpac launches A$1 billion residential mortgage securities offer, the first bond offering in two years.

World Markets Advance; Obama Meets Bankers

Mukesh Buch
14 Dec, 2009
New York City

U.S. stocks increased after world markets recovered. Abu Dhabi offered emergency lending to Dubai controlled real estate group. President Obama urged large banks to increase lending to small businesses and back his regulatory reform.

Wholesale Inflation Perks Up in India

Mayank Mehta
14 Dec, 2009
New York City

Stocks in Mumbai edged lower after November wholesale price index rose. Food prices have been driving the inflation to a record high in the last seven years on weak monsoon. The media group DB Corp IPO was oversubscribed by two times on the first day of subscription.

European Markets Up; ThyssenKrupp Up

Mayank Mehta
14 Dec, 2009
New York City

European markets closed higher after banks rallied in the region. BayernLB will book a total loss of 3.75 billion in the investment related to Austria based Hypo Alpre-Adria. German bonds gained as investor seek safety as Greece grapples with a large budget deficit.

UK Stocks Rise; Spice Plunges 20%

Mayank Mehta
14 Dec, 2009
New York City

UK stocks edge higher on a rally in banks. Lloyds Banking Group raised

Visa, XTO Energy Rise; Oshkosh Falls

Mayank Mehta
14 Dec, 2009
New York City

Citigroup declined after it plans to raise $20 billion and repay TARP funds. XTO Energy surges on an acquisition offer from Exxon Mobil. Oshkosh Corp declines 13%. Visa Inc increases after the company was selected for the S&P 500 index.

Exxon Mobil Acquires XTO Energy for $31 Billion

Mayank Mehta
14 Dec, 2009
New York City

Exxon Mobil Corp agrees to acquire XTO Energy Inc for $31 billion. The low price of natural gas and impending rise in the demand of clean energy sources played a role in the largest acquisition since the purchase of Mobil in 1998.