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Stocks Finish Higher in NY and Europe as Bond Jitters Subside

Bikram Pandey
12 Jan, 2011
New York City

U.S. stocks rallied tracking gains in Europe after Portugal completed debt sale. Investors appeared relieved after the debt sale from Greece and Italy. German economy expanded at the fastet pace since reunification. The euro gained and crude oil traded near $92 a barrel.

U.S. Movers: AIG, Arch Coal, Cliffs Natural, Lululeon, Zale

Mukesh Buch
12 Jan, 2011
New York City

American International Group agree to sell its 97.6% interest in Nan Shan Life Insurance for $2.16 billion in cash. Cliffs Natural agreed to acquire Canada based Consolidated Thompson for $4.9 billion. ITT boar approved to split in three companies. Synnex Corp fourth quarter revenue increased 12.3%.

UK Shop Price Inflation Rises; Henderson Acquires Gartmore

Arthi Gupta
12 Jan, 2011
New York City

The UK indexes climbed after euro area sovereign debt concerns eased with the successful bond auction in Portugal. The UK retail price inflation rose and trade deficit widened. Irish consumer confidence fell in December. Henderson agreed to buy Gartmore for $525 million.

Portugal Raises

Arthi Gupta
12 Jan, 2011
New York City

The European indexes soared after Portugal bond auction raised

Portugal Bonds Sale Meet Expectations; U.S. Import Prices Rise

Arthi Gupta
12 Jan, 2011
New York City

U.S. indexes edged higher after import and export prices rose and Portugal completed debt sale at a yield lower than expected. Cliffs Natural agreed to acquire Consolidated Thompson for C$4.9 billion. AIG sold stake in Nan Shan for $2.16 billion to Ruen Chen.

Sensex in India Rebounds 1.7%; Gujarat Summit Draws Investors

Chandrasekhar Atreya
12 Jan, 2011
New York City

Stocks in Mumbai rebound 1.7% after six days of decline led by realty and banking sectors. Fifth investment summit in Gujarat draws usual platitudes and project announcements of multi-billion dollars. Bharti Airtel and State Bank of India set us a venture to facilitate mobile phones based banking.

China Stocks Rally on Aviation Industry and Home Builders Earnings

Chandrasekhar Atreya
12 Jan, 2011
New York City

Shanghai stock indexes rally 0.5% led by developers and banks. Civil aviation industry reports a 37% profit increase in 2010. Consumer confidence in the fourth quarter dipped to a year

Yen Weakens; Current Account Surplus Drops 16%

Chandrasekhar Atreya
12 Jan, 2011
New York City

The Nikkei index inched higher to reach its eight-month peak and the euro gained against the yen. Japan

Brisbane Prepares for Peak Floods, Caltex Shuts Refinery

Chandrasekhar Atreya
12 Jan, 2011
New York City

Stocks in Sydney traded in a narrow range to close marginally higher. Third largest Australian city Brisbane comes to a halt as flood waters are expected to swell. Caltex closes its refinery in Brisbane. November home loan approvals reach the highest in 2010.

Alcoa Earnings, Sears Outlook Lift Wall Street; Greece, Italy Raise

Bikram Pandey
11 Jan, 2011
New York City

U.S. stocks edged higher after Alcoa, Sears and Lennar meet or exceed investors

U.S. Movers: AMD, Apollo Group, Lennar, Talbots and Supervalu

Mukesh Buch
11 Jan, 2011
New York City

Alcoa fourth quarter sales increased 4% to $5.65 billion. Apollo Group first quarter net revenue increased 5.4% to $1.33 billion. Lennar Corp fourth quarter total revenues declined 6% to $860.12 million. Supervalu third quarter total net revenue fell to $8.7 billion. AMD chief resigned unexpectedly.

UK Indexes Higher; Marks & Spencer Falls 2.4%

Arthi Gupta
11 Jan, 2011
New York City

The UK indexes edged higher after retail sales fell in December and tracking market gains in Europe. Japan and China expressed their willingness to participate in a euro-bond offering that will support Portugal and Ireland. Hamworthy secured Brazilian contract for

European Markets Rise on Japan, Portugal Comments; Greek CPI Soars

Arthi Gupta
11 Jan, 2011
New York City

The European indexes rose after Japan pledged buying euro-zone bonds. Portugal said it does not need bailout as the nation prepares to raise 1.25 billion euros tomorrow. French business sentiment improved in December. Greek CPI inflation soared in December.

U.S. Indexes Gain; Alcoa Net Surges 2-Year High

Arthi Gupta
11 Jan, 2011
New York City

U.S. indexes gained after Alcoa swung to profit for the last quarter and the year. Intel agreed to pay Nvidia licensing fees of $1.5 billion. Simon Property gave up takeover bid for UK based CSC. BMO Financial Group agreed to buy Hong Kong-based Lloyd George Management.

Sensex in India in 6-day Drop; Gujarat Talks of $20 Billion Port Deals

Chandrasekhar Atreya
11 Jan, 2011
New York City

Mumbai stocks declined on the sixth day, the longest streak in more than a year as investors worry the government may not be able to arrest inflation as Prime Minister Singh conveys a cabinet meeting. Gujarat in a two-day summit is expected to announce $20 billion of port developments projects.

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