ticker

U.S. Non-Farm Payroll Rises; Unemployment Rate Falls To 9.4%

Arthi Gupta
07 Jan, 2011
New York City

The U.S. indexes traded sideways after non-farm payrolls rose less than estimated. U.S. Defense Secretary Robert Gates pledged defense budget cuts. AIG agreed to issue 75 million warrants as dividend. Hologic acquired Interlace Medical for $125 million.

UK Service Sector Contracts; National Commission Blames BP, Contractors

Arthi Gupta
06 Jan, 2011
New York City

The UK indexes climbed after service sector contracted in December. The Bank of England estimated decline in mortgage demand in the first quarter. Rolls-Royce completed contract with British Airways worth $5 billion. British Land agreed to acquire Drake Circus for

German Factory Orders Soar; European Economic Sentiment Improves

Arthi Gupta
06 Jan, 2011
New York City

The European indexes gained after German factory orders surged in November. China expressed willingness to buy

U.S. Jobless Claims Rise; Retailers Same Store Sales Surge

Arthi Gupta
06 Jan, 2011
New York City

U.S. indexes dropped after weekly jobless claims rose 18,000 and retailers reported sharpest same store sales increase in several years. U.S. home prices are estimated to fall further in 2011. Limited Brands, Walgreen and Costco and Pier-1 Imports reported higher sales.

UK Construction Sector Contracts; HMV Group Plunges 22%

Arthi Gupta
05 Jan, 2011
New York City

The UK indexes slid after mining and banks stocks fell. Construction sector contracted in December. Retailers reeled under the impact of value-added tax. Irish home prices fell in the fourth quarter and services PMI dropped in December. HMV plunges on decline of sales.

European Indexes Climb; BMW U.S. Sales Rise 17%

Arthi Gupta
05 Jan, 2011
New York City

The European indexes climbed after euro-zone Services PMI and PPI rose. French service sector activity improved in December. Spanish industrial production grew and Hungarian PPI soared in November. Romanian central bank retained key rate at 6.25%.

U.S. Private Sector Employment Expands; Qualcomm Acquires Atheros

Arthi Gupta
05 Jan, 2011
New York City

U.S. indexes gained after private sector employment rose more than anticipated in December. The U.S. Fed noted stimulus to continue until economy recovery and improvement in jobs situation. Qualcomm agreed to buy Atheros Communications that values the company at $3.1 billion.

UK Index Surges 2.5%; Manufacturing Index at 16-Year High

Arthi Gupta
04 Jan, 2011
New York City

The UK indexes surged as resource stocks soared and manufacturing expanded, mortgage approvals rose but money supply fell. Anglo American sold Moly-Cop and AltaSteel to Australia-based OneSteel for $1.08 billion. easyJet placed 15 aircraft order with Airbus.

Resource Stocks Lead European Indexes Higher; Inflation at 2.2%

Arthi Gupta
04 Jan, 2011
New York City

The European indexes edged higher after euro area inflation rose 2.2%, German unemployment increased, and French consumer confidence dampened in December. Spanish unemployment dropped. China expressed confidence and showed a willingness to invest in Spanish debt.

U.S. Stocks Gain on Active Deal Calendar

Arthi Gupta
04 Jan, 2011
New York City

U.S. indexes advanced tracking gains in world markets. Dover agreed to acquire Harbison-Fischer for $402.5 million. Constellation Energy completed acquisition of Boston Generating gas fleet for $1.1 billion. Stryker purchased Neurovascular business of Boston Scientific in $1.5 billion deal.

European Indexes Rise; Manufacturing Advances

Arthi Gupta
03 Jan, 2011
New York City

The indexes rose after manufacturing grew in many European nations. Estonia became the seventeenth nation to join the euro zone. Curamik Electronics agrees to be acquired by U.S.-based Rogers for

U.S. Stock Futures Higher; Facebook Valued at $50 Billion

Arthi Gupta
03 Jan, 2011
New York City

U.S. indexes traded higher on the rising economic expectations and stronger than expected retail sales. Facebook raised $500 million in the latest round that valued the company at $50 billion. CVS agreed to acquire Universal American''s Medicare unit for $1.25 billion.

U.S. Movers: Bank of America, Calavo Growers and Dollar Financial

Mukesh Buch
03 Jan, 2011
New York City

Bank of America agreed to pay more than $2.6 billion Freddie Mac and Fannie Mae to settle the claims. Calavo Growers revenue soared 32% to $107.2 million. Dollar Financial agreed to acquire Purpose U.K. Holdings and Sefina Finance AB. Torchmark closed sale of wholly owned subsidiary at $648 million.

Gold, Siver, Copper, Emerging Markets Rally in 2010

Bikram Pandey
31 Dec, 2010
New York City

World markets were subdued on the last day of trading. Commodities surged as copper and gold touched record highs and silver reached three decade peak. Emerging markets outperformed the developed markets with Peru, Indonesia, Philippines, Turkey, Russia and India leading.

Imax Soars 13%, Biglari Declines 1.3%

Mukesh Buch
31 Dec, 2010
New York City

Biglari increased proposal to acquire all outstanding shares of Fremont Michigan. Constellation Energy agreed to sell the 550 megawatt Quail. DirectTV and Hearst Corp struck a content deal. IMAX soared on a speculation Sony Corp. may bid $40 a share.

Market Update