ticker

U.S. Movers: Coca-Cola, Sygenta, Walt Disney, XL Group

Mukesh Buch
09 Feb, 2011
New York City

Ingersoll-Rand fourth quarter revenue gained 13% and net earnings rose to $212.1 million. Coca-Cola net revenue rose 40% and net income surged 274% to $5.77 billion. Walt Disney first quarter revenue increased 10% to $10.7 billion and net income soared 54% to $1,302 million.

LSE to Acquire Canada Based TMX Group for $3.2 Billion

Arjun Dave
09 Feb, 2011
New York City

London Stock Exchange Group Plc agreed to acquire Toronto based TMX Group for $3.2 billion. Intense competition for stock trading and heavy technology cost brought two distant exchanges together.

U.S. Indexes Lower After Seven Days of Gains, Bernanke Faces Lawmakers

Bikram Pandey
09 Feb, 2011
New York City

U.S. stock are heading lower in the early trading after the Dow rallied for the seven sessions in a row. London Stock Exchange Group agreed to merge with Canada based TMX Group. Fed Chairman Bernanke said unemployment is likely to remain high for some time.

Sanofi Net Falls, Peugeot Net Ahead of Estimate; LSE, TMX to Merge

Devan Biswas
09 Feb, 2011
New York City

European markets were on the defensive after mixed earnings in the region. PSA Peugeot Citroen said it will open a factory in India and sales rose 16% and earnings were ahead of previous estimate. LSE agreed to merge with Canada based TMX Group. Sanofi declined after it estimated lower net.

Sensex in India Drops 1%; Auto Sales Soar 26%

Devan Biswas
09 Feb, 2011
New York City

Stocks in Mumbai decline for the second day more than 1% and closed down 3% in two days. The inflation worries and slower economic growth has worried foreign and domestic investors. Auto sales in January soared 26% and Maruti Suzuki sales surged 14.7% in the month.

India Movers: BPCL, Everonn, M&M, Reliance Communications

Mukesh Buch
09 Feb, 2011
New York City

Bharat Petroleum fell 2.1% after net profit plunged 50%. Everonn Education gained 4% after net profit rose 56%. Mahindra & Mahindra surged 4% and net profit soared 57%. Reliance Infrastructure slumped 19% and Reliance Communications dropped 14%.

Tokyo Stocks Halt 3-day Rally; Realty Developers, Machine Tool Makers Fall

Nigel Thomas
09 Feb, 2011
New York City

Stocks in Japan halted a three-day rally after China hiked rates and base metal prices declined. Toyota Motor Corp gained more than 5% after it lifted earnings outlook on Asia and emerging markets sales. Real estate developers fell after Tokyo office vacancy rose.

China Indexes Decline on the Prospect of More Rate Hikes

Nigel Thomas
09 Feb, 2011
New York City

Stocks in China region declined on the first of trading after a week long holiday. Resource stocks in Hong Kong and Shanghai fell tracking lower copper and gold prices. Real estate developers fell more than 2% on the worries that future rate hikes may affect asset prices.

Commonwealth Bank of Australia Net Lifts Market Index; Boral Net Up 28%

Marcus Jacob
09 Feb, 2011
New York City

Australian stocks were lifted after Commonwealth Bank of Australia reported higher than expected earnings and declared dividend of $1.32 a share. Construction materials maker Boral soared as much as 7% after first half net rose 28%.

Dow in 7-day Rally; European Markets Surrender Gains

Bikram Pandey
08 Feb, 2011
New York City

U.S. indexes gaine and reache highs not seen in more than two years. The Dow extended gains for a seven session in a row. McDonald

UK Retail Sales Rise; Osborne Raises Taxes on Banks

Marcus Jacob
08 Feb, 2011
New York City

UK stocks edged higher and commodities traded mixed after China hiked interest rate for the third time in five months. UK retail sales rose at the fastest pace in ten months. Premier Foods agreed to sell its canned food business for

U.S. Movers: Avon, Becton, Dickinson, NYSE Euronext, Sara Lee

Mukesh Buch
08 Feb, 2011
New York City

Avon revenue increased 1% and net income declined 15% to $229.5 million. Entergy revenue rose to $2.53 billion and net fell to $228.3 million. Sara Lee revenue decreased 4% and net income rose to $880 million. Teva Pharmaceutical net sales rose 16% to $4.4 billion.

U.S. Indexes Steady; China Rate Hike, Metals Edge Lower

Bikram Pandey
08 Feb, 2011
New York City

U.S. indexes inched higher in early trading but international news dominated the sentiment. China lifted rates ahead of inflation report next week and European miners report sharply higher earnings. UBS AG reported first annual profit since 2006. The euro gained 0.5% to $1.365.

ArcelorMittal Guides Higher Net; Xstrata Net Soars 86%

Nigel Thomas
08 Feb, 2011
New York City

ArcelorMittal traded at a six month high after the steel maker guided high profit in the current quarter and said it will increase output at its mines. Xstrata Plc, the largest coal exporter gained after it reported 86% increase in 2010 earnings but said growth will decline in the current year.

China Hikes Rates Ahead of Inflation Report

Devan Biswas
08 Feb, 2011
New York City

China increased benchmark interest rate for the third time since October as food prices increase and wage pressure build. China has increased 75 basis points in the last two years as global economies recover and inflation in Asia picks up momentum.

Market Update