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U.S. Stocks Rest, Zipcar Soars 75%; Lawmakers Pass Budget Cuts

Bikram Pandey
14 Apr, 2011
New York City

U.S. stocks traded sideways as the lawmakers pass the budget cuts agreed with the President Obama. Zipcar soared 75% on its first day of trading as investors support seven public offerings that are expected to raise $1.9 billion. Glencore prepares for a dual-listing that may raise $11 billion.

U.S. Movers: Buckeye Partners, Check Point, Fairchild, Hasbro, Supervalu

Mukesh Buch
14 Apr, 2011
New York City

Buckeye Partners priced public offering of 4.8 million. Check Point first quarter net income soared 25% to $122.1 million. Fairchild first quarter net income increased to $43.5 million. Hasbro first quarter net earnings declined to $17.2 million. Supervalu fourth quarter net income fell to $95 mn.

UK Confidence Improves; Reckitt Benckiser Plunges 7%

Arthi Gupta
14 Apr, 2011
New York City

The UK indexes slid on concerns of inflation. UK consumer confidence improved in March. The Irish economy is forecasted to grow in 2011. WH Smith surged after first-half pre-tax profit rose 3.2%.

U.S. Jobless Claims Rise 27,000; Foreclosure Filings Decline

Arthi Gupta
14 Apr, 2011
New York City

The U.S. indexes traded lower after weekly jobless claims rose 27,000 to 412,000. U.S. producer prices climbed less than anticipated and foreclosure filings dropped in March and the first quarter. Hasbro quarterly net dropped.

European Indexes Drop 1%; Glencore IPO, Danone Sales Rise 19%

Arthi Gupta
14 Apr, 2011
New York City

The European indexes declined on rising commodity prices. Glencore is expected to raise as much as $11 billion in a dual listing in London and Hong Kong. Danone quarterly sales rose 19% and Roche reported group net sales declined 9%.

Hong Kong Property Prices Reach 1997 Peak; China Inflation Worries

Devan Biswas
14 Apr, 2011
New York City

Stocks in Hong Kong and Shanghai rested ahead of inflation data tomorrow. A surge in inflation in March is expected to surpass 5% increase, ahead of government target. Hong Kong residential prices cross the previous peak in 1997 on low interest rates.

Foreign Investors Add Japan Stocks; Production to Fall Between 5% and 15%

Nigel Thomas
14 Apr, 2011
New York City

Stocks in Tokyo eased as investors face a daunting task of assessing the production losses across several industries. 123jump.com survey conducted in last two weeks suggested production loss of as much as 15%. Foreigners added $4.6 billion of net new stocks in the first week of current fiscal year.

Record Jobless Rate in Greece; Swiss Sentiment Improves

Darlington Musarurwa
14 Apr, 2011
New York City

Hungarian industrial production accelerated in February and retail sales in the Netherlands surged. Norwegian home prices increased 5.1% in the first quarter. Greece jobless rate rose to record 15.1% in January. Swiss economic sentiment improved in April.

Australian Miners Raise $250 Million; NRW Earnings to Lag Estimates

Marcus Jacob
14 Apr, 2011
New York City

Australian stocks declined ahead of G-20 finance meeting and China economic data. Several mining companies announced or completed fund raising totaling $250 million. NRW Holdings estimated 2011 sales to increased 15% but earnings will be at the lower end of the estimates.

U.S. Stocks Higher Ahead of Earnings Season; Oil Rebounds

Bikram Pandey
13 Apr, 2011
New York City

U.S. indexes gained and oil rebounded on economic optimism a day after the IMF lowered the world economic assessment. Industrial production accelerated in Europe. Markets in Japan and Asia gained ground.

U.S. Movers: Adtran, Energy Rock, JPMorgan, Riverbed, Silgan, Suffolk

Mukesh Buch
13 Apr, 2011
New York City

Adtran first quarter net income surged 88%. Energy Rock agreed to acquire Crow Creek Energy for $525 Million. JPMorgan first quarter net income soared 67% to $5.56 billion. Silgan Holdings agreed to acquire Graham Packaging for $4.1 billion.

UK Jobless Claims Rise; WS Atkins Soars 7%

Arthi Gupta
13 Apr, 2011
New York City

The UK indexes rose led by miners. The UK jobless claims rose unexpectedly in March. Irish consumer sentiment improved in March. WS Atkins surged after forecasting better-than-estimated results for fiscal year 2011.

Retail Sales Rise 0.4%; Silgan Buys Graham Packaging, JP Morgan Net Soars

Arthi Gupta
13 Apr, 2011
New York City

U.S. indexes gained after retail sales rose and mortgage activity declined. Silgan agreed to buy Graham Packaging for $4.1 billion. JPMorgan net surged on a strong performance by its investment banking unit and a drop in losses in its credit card portfolio.

European Indexes Rebound; ASML Net Surges

Arthi Gupta
13 Apr, 2011
New York City

The European indexes rebounded after the biggest drop in four weeks as industrial production accelerated in February. Schneider denied $30 billion bid for Tyco. ASML net surges on strong sales.

Euro-zone Production Accelerates; Inflation in Germany, France Soar

Arthi Gupta
13 Apr, 2011
New York City

Euro-zone industrial output accelerated 7.3% in February. French annual inflation soared and German wholesale price inflation increased for the second consecutive month in March. Spain

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