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U.S. Mortgage Activity Drops; Yahoo! Net Surges, WellPoint Net Plunges

Arthi Gupta
26 Jan, 2011
New York City

U.S. indexes traded higher tracking gains in Europe and Asia. U.S. mortgage applications slid after refinancing activity slumped. Concur completed acquisition of TripIt. Yahoo! quarterly profit doubled but WellPoint net plunged.

Australian Rates on Hold; Cyclone Forces Queensland Mine Closures

Bikram Pandey
01 Feb, 2011
New York City

Australian stocks closed mixed and the Reserve Bank of Australia left its rate on hold at 4.75%. RBA also noted that underlying inflation is expected to remain within its target range of 2% to 3% in the year. Cyclone Yasi is forcing another round of mine closure and coal shipment suspension.

China Inflation Worries as Manufacturing Indexes Advance

Bikram Pandey
01 Feb, 2011
New York City

Market indexes in China closed lower ahead of a week of Chinese Lunar Year holiday. The latest read on manufacturing indicated slower growth expansion but input prices surged at a faster pace sparking fears of inflation. Resource linked stocks surged as copper and crude oil rallied to a 2-year high.

U.S. Movers: American Express, Coach, BlackRock, Corning, Harley-Davidson

Mukesh Buch
25 Jan, 2011
New York City

3M fourth quarter sales increased 9.6% to $6.7 billion. Baker Hughes fourth quarter revenue surged 82% to $4.42 billion. Johnson & Johnson fourth quarter net sales decreased 5.5% to $15.6 billion. Verizon fourth quarter revenue fell 2.6% to $26.4 billion.

UK GDP Contracts; Public Sector Borrowing Increases

Arthi Gupta
25 Jan, 2011
New York City

The UK indexes declined after economy contracted unexpectedly in the fourth quarter due to cold weather conditions. The UK public sector borrowing increased in December. Irish producer prices increased in December. Rotala agreed to acquire Preston Bus for

German Consumer Sentiment Improves; Ericsson Net Surges

Arthi Gupta
25 Jan, 2011
New York City

The European indexes fell after German consumer sentiment improved unexpectedly in January. French consumer spending climbed more-than-anticipated and Spain factory price inflation soared in December. Ericsson and Siemens net rose.

U.S. Indexes Lower; Amex, BlackRock, CSX Net Surge

Arthi Gupta
25 Jan, 2011
New York City

U.S. indexes traded lower on mixed earnings. The ILO forecasted global unemployment rate of 6.1% and the IMF estimated world economic growth at 4.4% in 2011. Amgen acquired BioVex in $1 billion deal.

China Region Indexes Lower on Weak Resource Sector

Chandrasekhar Atreya
25 Jan, 2011
New York City

Shanghai and Hong Kong stocks edge lower for the second day in a row ahead of the Lunar New Year day. Shanghai City

Nikkei Rises More Than 1%; Bank of Japan Holds Rates

Chandrasekhar Atreya
25 Jan, 2011
New York City

Japanese stocks traded higher for the second day to gain the most in two weeks, led by chip stocks. Bank of Japan keeps key interest rate unchanged. Restaurant sales and domestic shipments of white goods rose in 2010 for the first time in two years.

Australian Inflation Up 2.7%, Stocks Gain

Chandrasekhar Atreya
25 Jan, 2011
New York City

Stocks in Sydney gained for the second day after latest read on the core inflation was lower-than-expected. Oil Search and Newcrest Mining revise production guidance down citing temporary closing of plants and flooding of mines as the main causes.

Investors Buy as U.S., European Indexes Trade Higher

Bikram Pandey
24 Jan, 2011
New York City

U.S. indexes traded higher as merger deals bolstered trading sentiment. Markets in Europe closed up and commodities gained. Intel proposed to increase $10 billion stock buy-back plan. U.S. Treasury plans to sell Citigroup Class A and B warrants tomorrow that may fetch as much as $330 million.

U.S. Movers: Rock-Tenn, Smurfit-Stone Container, Halliburton

Mukesh Buch
24 Jan, 2011
New York City

U.S. stocks traded higher ahead of the two-day Fed meeting. Sara Lee Corp rose 2% as leverage buyout funds compete to acquire the food maker. Rock-Tenn Co agreed to acquire Smurfit-Stone Container Corp. General Electric agreed to sell its Asia unit to Standard Chartered Bank.

UK Indexes Up; Ireland Struggles with Finance Bill

Arthi Gupta
24 Jan, 2011
New York City

The UK indexes gained after household finance index fell in January. Ireland struggled to pass finance bill that includes strict loan agreement with the EU agencies. Standard Chartered agreed to buy Singapore-based GE Money. Northern Foods accepted

Euro-zone Industrial Orders Accelerate; Philips Plunges 6.3%

Arthi Gupta
24 Jan, 2011
New York City

The European indexes fell after Philips reported lower-than-estimated earnings. Euro-zone reported strong private sector growth. The IMF extended credit line for Poland. Hungary hiked key rate. Telefonica and China Unicom strengthened alliance. Novartis agreed to acquire Genoptix for $470 million.

Merger Monday; RockTenn Acquires Smurfit-Stone for $3.5 B, Sara Lee in Play

Darlington Musarurwa
24 Jan, 2011
New York City

U.S. indexes traded sideways as merger news dominate trading. RockTenn agreed to acquire Smurfit-Stone for $3.5 billion and Surgery Partners purchased NovaMed for $214 million. Halliburton net surges. Sara Lee Corp becomes the target of deals from private equity buyers.

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