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Australian Regulator Sues Three Banks; Lynas in a Rare Earth Malawi Deal

Chandrasekhar Atreya
22 Dec, 2010
New York City

Australian indexes edged up and BHP Billiton led gainers. Australia

2-Year Rally in U.S. Indexes Cross Pre-Lehman Crisis High

Bikram Pandey
21 Dec, 2010
New York City

U.S. stocks rallied and crossed the highs last seen two years ago in September 2008. The S&P index has surged 85% since the lows of March 2009. Retailers rose after holiday sales appear to accelerate in the final days ahead of Christmas holiday. Markets in Asia and Europe gained.

U.S. Movers: AOL, Adobe, CarMax, CPI, Darden Restaurants

Mukesh Buch
21 Dec, 2010
New York City

AOL agreed to acquire a personal profile site. Adobe fourth quarter revenue surged 33% to a record $1 billion. Biogen agreed to acquire Neurimmune. ConAgra, second quarter net sales improved 2%. CarMax, third quarter net revenue surged 23% and Jabil Circuit, first quarter net revenue surged 32.3%.

UK Indexes Gain; Government Borrowing At Record Highs

Arthi Gupta
21 Dec, 2010
New York City

The UK index climbed after banking and mining stocks rose. The UK consumer confidence remained static in December but public sector net borrowing rose more than anticipated. BP inked five-year outsourcing services agreement with HP.

European Indexes Gain on China Comments; DSM Acquires Martek Biosciences

Arthi Gupta
21 Dec, 2010
New York City

The European indexes gained after China

U.S. Index Futures Rise; Adobe Swings to Profit

Arthi Gupta
21 Dec, 2010
New York City

The U.S. index futures rose on optimism of economic recovery. Toronto-Dominion inched closer to acquire Chrysler Financial for $6.3 billion. Buckeye agreed to acquire 80% stake in Bahamas Oil for $1.36 billion. Martek agreed for takeover offer by Koninklijke DSM in $1.09 billion deal.

India Movers: Glenmark, ICICI Bank, Ispat, Mahindra Satyam

Mukesh Buch
21 Dec, 2010
New York City

Bajaj Hindusthan agreed to set up 1,980 megawatt power project at Bargarh. Mahindra Satyam plan to list the company stock in New York. NMDC third quarter advance tax payment surged 246%. Sun Pharmaceutical sued by Swiss drug maker Hoffman-La Roche in the U.S. for alleged patent infringement.

Shanghai Home Price and Sales Increase Lift China Indexes

Chandrasekhar Atreya
21 Dec, 2010
New York City

Stocks in China rose as tensions in the Korean peninsula receded and property prices stayed buoyant. New homes sales in Shanghai register double digits growth in volumes and price from a week earlier. Hong Kong

Nikkei Gains 1.5%; Japan Left Rates at Historic Low

Chandrasekhar Atreya
21 Dec, 2010
New York City

Tokyo stocks snapped its three-day decline with a rise of 1.5% after Bank of Japan kept key interest rate and asset purchase plan unchanged. The U.S. government imposed a fine $32 million on Toyota Motor. Japan and South Korea sign a nuclear deal.

Sydney Stocks Rise on Stronger Commodities Prices

Chandrasekhar Atreya
21 Dec, 2010
New York City

Australian stocks traded higher led by surging mining stocks after commodity prices reached a 27-month high. Policy Transition Group releases a list of recommendations on MRRT. Ramsay Healthcare revised higher full-year profit outlook.

India, Russia Target $20 Billion in Trade; Sensex Surges 0.9%

Chandrasekhar Atreya
21 Dec, 2010
New York City

India and Russia expanded trade relations and increased defense, space and energy and power sectors cooperation. The two nations targeted $20 billion in bilateral trade in five years. Stocks in Mumbai surged tracking gains in Asia.

World Markets Struggle on Merger Monday

Bikram Pandey
20 Dec, 2010
New York City

World markets traded sideways. U.S. indexes declined as the euro slid after Irish banks faced another round of downgrade and Asian markets declined on the rising tensions between Koreas. Merger Monday saw Qualcomm Inc agreed to sell its wireless spectrum for $1.93 billion to AT&T Inc.

UK Mortgage Lending Drops; Unilever Completes Alberto Culver Purchase

Arthi Gupta
20 Dec, 2010
New York City

The UK indexes climbed after mortgage lending declined in November. Alberto Culver stockholders approved merger with Unilever. Ladbrokes proposed to buy 888 Holdings.

U.S. Movers: eBay, Ultrapetrol, Chesapeake

Mukesh Buch
20 Dec, 2010
New York City

Chesapeake Energy surged after activist investor Carl Ichan lifted his stake in the company. Ultrapetrol Bahamas declined after the company plans to sell convertible notes of $60 million. Sunstone Hotel Investors dropped as much as 6% ater chief executive resigned.

Spain Comments Lift Indexes in Europe; VimpelCom Merger on Hold

Arthi Gupta
20 Dec, 2010
New York City

The European indexes climbed after euro-zone current account deficit narrowed in October. German producer price index rose. French leading index climbed. The OECD noted that Spain needs to improve government finances and job creation. Hungary unexpectedly hiked key rate.

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