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U.S. Movers: Winnebago, Nordson, Scholastic

Mukesh Buch
16 Dec, 2010
New York City

FedEx second quarter revenue surged 12% to $9.63 billion. General Mills, second quarter net sales increased 0.8% to $4.07 billion. Herman Miller, second quarter net sales grew 19.9% to $412.2 million. Rite Aid third quarter revenues fell 2.4% to $6.2 billion.

UK Retails Sales Rise; Ireland GDP Expands

Arthi Gupta
16 Dec, 2010
New York City

The UK indexes closed lower and retail sales rose in November. Irish GDP expanded 0.5% in the third quarter and factory gate prices remained stable in November. Rolls-Royce secured $89 million contract for U.S. Navy T-45 trainer engine support.

Spanish Bond Sale Successful as Yields Shoot Up 20%

Arthi Gupta
16 Dec, 2010
New York City

The European indexes fell ahead of the EU leaders meeting in Brussels. Spain sold

U.S. Foreclosure Filings Fall 21%; Jobless Claims Decline 3,000

Arthi Gupta
16 Dec, 2010
New York City

U.S. stocks traded sideways after weekly jobless claims fell and housing starts rose more than anticipated. Spain completed

India Movers: Ispat Industries, TCS, Powersoft, ONGC

Mukesh Buch
16 Dec, 2010
New York City

Camlin Fine Chemicals entered into a pact to acquire Italy based Borregaard. Ispat Industries may be acquired by Steel Authority of India. Suzlon Energy concluded contract for the delivery of 25 wind turbines.

India Holds Key Rates, First Pause in Nine Months

Chandrasekhar Atreya
16 Dec, 2010
New York City

Mumbai stocks gained in late trade after Reserve Bank of India left interest rates unchanged and eased liquidity and bond yields fell. The RBI left cash reserve ratio unchanged at 6%. Indirect tax collections reach 66% of the target in the fiscal year to November.

U.S. Movers: First Solar, Joy Global, General Electric

Mukesh Buch
15 Dec, 2010
New York City

Cubist Pharmaceuticals, estimates net revenue between $634 million to $640 million. General Electric sees earnings growth and higher demand for its industrial products. Joy Global fourth quarter net sales grew 9% to $1.05 billion.

China

Chandrasekhar Atreya
16 Dec, 2010
New York City

China region key stock indexes drop on inflation concerns. China

Bank of Japan Buys Stocks to Lift Asset Prices

Chandrasekhar Atreya
16 Dec, 2010
New York City

Tokyo stocks stayed flat amid softer yen and debt worries from Europe. United States pledged to work closely with Japan and Europe for new sources of rare earth supplies. Bank of Japan started its new asset purchase program with 14 trillion yen exchange traded fund purchase.

Rio Tinto Sells U.S. Coal Assets for $2 B; Sydney Stocks Gain

Chandrasekhar Atreya
16 Dec, 2010
New York City

Australian stocks edged higher as commodities rise in Asia. Rio Tinto sells major portion of its U.S coal assets for $2 billion. Australian lawmakers are still not convinced that the merger between Singapore Exchange and ASX Ltd is in the best interest of the country.

Yields Rise in U.S., Europe; U.S. Senate Passes Tax Deal

Bikram Pandey
16 Dec, 2010
New York City

U.S. stocks fell after mortgage activities and refinancing declined but inflation rose as the yields on bonds increased. Visa Inc and MasterCard Inc fell more than 2% after Canada

U.S. GDP Expands 2.6%; U.S. Revises Internet Access Rules

Arthi Gupta
22 Dec, 2010
New York City

U.S. stock futures declined after third quarter GDP expanded at 2.6% but mortgage refinancing activity fell. TD Bank acquired Chrysler Financial for $6.3 billion. Jacobs Engineering agreed to buy Aker Solutions'' business unit for $675 million. Teradata agreed to acquire Aprimo for $525 million.

China Hikes Prices of Gasoline and Diesel by 4%; Indexes Drop 1%

Chandrasekhar Atreya
22 Dec, 2010
New York City

Shanghai stock indexes dropped 1% after Korea announced a plan to conduct second live-military exercise on Monday. China increase retail energy prices again. State-Grid of China acquires seven power distributors in Brazil with a 30-year license to operate the power lines for $1 billion.

UK Indexes Decline; Simon Property Raises Offer for CSC

Arthi Gupta
15 Dec, 2010
New York City

The UK indexes dropped after banking stocks fell. The UK retail sales and unemployment rate rose. U.S.-based Simon Property raised bid offer to about

Greece Strike and Spain Debt Worries Drag European Indexes

Arthi Gupta
15 Dec, 2010
New York City

The European indexes slid after Moody

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