123jump.com Staff
24 Nov, 2009
New York City
U.S. stocks edged lower after the third quarter economic growth estimate was lowered to 2.8% from 3.5%. Metropolitan home prices increased at a slower pace in September, fourth monthly increase in a row. The index is still 9.36% lower from a year ago.
Mayank Mehta
24 Nov, 2009
New York City
Stocks in Mumbai traded lower. Hindalco plans to raise as much as $580 million. Reliance Industries declined as investors question the benefits of acquiring bankrupt LyondellBasell to shareholders. Rupee traded lower to 46.57 against the dollar.
123jump.com Staff
23 Nov, 2009
New York City
The U.S. market indexes closed higher after October home sales increased 10.1%. The data also lifted indexes in Canada, Mexico, South America and Europe. U.S. Treasury raised $44 billion through the sale of 2-year at the record low yields.
123jump.com Staff
23 Nov, 2009
New York City
U.S. stocks traded higher after the release of better than expected existing home sales in October. European markets gained momentum after the home statistics and closed up more than 2.2%. IMF chief warned that banks have declared only half the losses.
Mayank Mehta
23 Nov, 2009
New York City
European benchmark indexes closed higher after commodities rallied and energy prices gained. The composite index of services and industries showed an expansion across 16-nations in the euro zone. Alstom SA was awarded
Mayank Mehta
23 Nov, 2009
New York City
The UK benchmark index rose 2.2% after a rise in commodities and energy prices. Lloyds Banking Group plans to issue
Mayank Mehta
23 Nov, 2009
New York City
Zions Bancorporation led gainers in the S&P 500 index with a rise of 12.0%. Ciena Corp dropped 9% after it acquired optical network from Nortel. AnnTaylor Stores gained on an analyst upgrade. Mercado Libre surged 8%.
Darlington Musarurwa
23 Nov, 2009
New York City
Stocks in Australia gained after commodities prices and gold edged higher. James Hardie Industries swung to a quarterly loss but projected higher than expected annual profit. Qantas plans to spend A$4.4 billion on new aircraft.
Darlington Musarurwa
23 Nov, 2009
New York City
Stocks in Hong Kong and Shanghai traded mixed as UBS warned of rising speculative attacks on the currency. Sands China Ltd completed its $2.5 billion public offering. The largest wind power generator China Longyuan Power plans to raise at least $2 billion in an initial public offering.
Mayank Mehta
23 Nov, 2009
New York City
Stocks in Mumbai traded higher after Reliance Industries Ltd inches closer to acquire bankrupt LyondellBasell for at least $10 billion in cash. The debt laden company is operating under bankruptcy. Royal Dutch Shell is likely to take 10% stake in Essar Oil as a part of payment for refinery sale.
Mukesh Buch
20 Nov, 2009
New York City
U.S. stocks struggled as the world markets edged lower and commodities priced hovered near their recent highs. Gold trade above $1,150 an ounce. Michigan led the U.S. with unemployment rate of 15.1% and Florida and California registered record rate in October.
Mayank Mehta
20 Nov, 2009
New York City
Stocks in Mumbai traded higher. Rupee edged lower but traded below 46.75 to a dollar. The IPO of a tour operator Cox & Kings India Ltd is 6.2 times oversubscribed. Bhusan Steel sells 5% stake to strategic investors. Scripps Networks agreed to acquire majority stake in NDTV unit for $55 million.
Mayank Mehta
20 Nov, 2009
New York City
European markets closed lower. The ECB President Trichet comments suggest a gradual unwinding of economic stimulus. JC Decaux renews its exclusive advertising contacts in Shanghai. Technip awarded gas facilities contract in Abu Dhabi. Solon SE nine-month loss shrinks.
Mayank Mehta
20 Nov, 2009
New York City
UK stocks struggled. Nationwide Building Society estimated tougher home market outlook in 2010. Home builder stocks declined. The pound decreased against the yen and the dollar on the rising deficit. Gartmore Group Ltd prepares public offering to raise
Mayank Mehta
20 Nov, 2009
New York City
Dell plunged nearly 9% after it missed quarterly revenues and earnings estimates. The Dress Barn, Inc quarterly net rises. The Gap, Inc third quarter net up 25%. Intuit Inc quarterly loss increases. D.R. Horton, Inc fourth quarter loss narrows.
