Mayank Mehta
13 Nov, 2009
New York City
The euro zone economy expanded at 0.4% in the 16-nation region and at 0.2% in the wider 27-nation region. Economies in Germany expanded at 0.7%. Mondadori Editore nine months net profit falls 54%. Benetton Group third quarter net up on higher sales. Dexia swings to third quarter profit.
123jump.com Staff
13 Nov, 2009
New York City
UK stocks traded sideways and commodities prices were volatile. Real estate companies closed higher after a private research reported a rise in commercial properties values in October. British Air signed a definitive merger agreement with Spain based Iberia. Tullett Prebon plunged 12%.
123jump.com Staff
13 Nov, 2009
New York City
Liberty Media acquires Unitymedia for
Mayank Mehta
13 Nov, 2009
New York City
The Goodyear Tire & Rubber Company led gainers in the S&P 500 index with a rise of 6.7%. Abercrombie & Fitch Co declares quarterly dividend. Agilent Technologies, Inc fourth quarter earnings fall 89%. Nordstrom, Inc third quarter sales rise.
123jump.com Staff
13 Nov, 2009
New York City
U.S. trade deficit in September as demand for auto parts picks up and crude oil prices rise. Monthly deficit surges to the high for the year to $36.5 billion. Walt Disney fourth quarter earnings increased 18%. Abercrombie & Fitch net drops 39%. European markets turn lower.
Mayank Mehta
13 Nov, 2009
New York City
Mumbai stocks gained after the finance ministry enlisted sixty companies for a stake sale. Ranbaxy strengthens after the World Health Organization approves its AIDS drug. Usha Martin plans to raise Rs 500 crore. TCS plan to build a software service center in Michigan for Dow Chemical.
Mayank Mehta
12 Nov, 2009
New York City
European markets closed lower on weak commodities. Potash maker K+S AG increased on better than expected earnings. Salzgitter AG declined on a loss for nine month period. Stada Arzneimittel AG quarterly net surged and reconfirmed the annual earnings outlook.
Mayank Mehta
12 Nov, 2009
New York City
UK stocks closed higher. British Airways is in merger talks with Iberian, Spain based airliners. Iberian shareholders will control 45% of the merged airline and 54% holding will be controlled by BA shareholders. Trinity Mirror climbed on the outlook.
Mukesh Buch
12 Nov, 2009
New York City
Market indexes in New York and Americas declined on weak commodities and energy prices. 3Com surged 31% on a buyout offer from Hewlett Packard. Dow Chemical advanced after it estimated higher than expected earnings.
Mayank Mehta
12 Nov, 2009
New York City
Advanced Micro Devices, Inc led gainers in the S&P 500 index with a rise of 21.8% followed by gains in Dow Chemical 7.1%, in JDS Uniphase of 7.1%, in MetroPCS Communications, Inc of 2.4% and in Nasdaq OMX Group of 2.4%.
Mayank Mehta
12 Nov, 2009
New York City
U.S. indexes traded sideways after comments from world leaders in Asia. Chinese Premier Jiabao observed that world economic recovery will be uneven and slow. U.S. Treasury Secretary Geithner said that early progress is made in solving world economic imbalances.
Darlington Musarurwa
11 Nov, 2009
New York City
Investors in Japan focused on rising yen. Exporters were among the leading decliners. Japan machinery orders rise 6% in September and increased 10.5% after adjusting for volatile orders. The retailer Aeon Company Ltd decreased 5% as it plans to sell $1.1 billion of bonds and repay short term debt.
Darlington Musarurwa
11 Nov, 2009
New York City
Consumer sentiment index in Australia drops 2.5% in November. AMP urges Axa Asia Pacific Holdings to reconsider A$11 billion bid. Australian regulators approve Woolworth takeover of Danks. The Aussie dollar trades near the high of the year.
Mayank Mehta
11 Nov, 2009
New York City
EU extended deadline for fiscal deficit target requirement for France and Spain to 2013 and for the UK and Ireland to 2014. Nine countries were added on the deficit watch list. Banks in Europe closed higher after Credit Agricole reported better than expected earnings.
Mayank Mehta
11 Nov, 2009
New York City
UK stocks closed higher on a rise in commodities prices. J Sainsbury first-half profits beat expectations. Reed CEO departs as recession bites. October jobless claims increased at the slowest pace in eighteen months. The unemployment rate increased to 7.8% in the quarter ending in September.
