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Australia Struggles to Spur Competition in Banking Sector

Chandrasekhar Atreya
14 Dec, 2010
New York City

Australian banks traded lower as the Senate inquiry focuses on the competition in the sector and the viability of small banks. The benchmark index edged higher. Spanish food giant EBRO makes a hostile bid for SunRice. Housing starts drops substantially in the September quarter.

Nikkei Gains; Japan to Lower Corporate Tax by 5%

Chandrasekhar Atreya
14 Dec, 2010
New York City

Tokyo stocks rose for the second day led by brokerages and financial companies. Japan proposes to cut corporate tax rates for the next fiscal year by 5%. Marubeni Corp plans to double its global water assets in two years. Toyota recalls 94,000 Sienna minivans in the U.S.

U.S. Indexes Gain, Energy, Resource Stocks Drive World Markets

Bikram Pandey
13 Dec, 2010
New York City

U.S. stocks climbed higher as investors appear sanguine about the passage of tax deal and Fed is expected to hold rates this week. China reported higher than expected industrial growth, retail sales and inflation and left interest rate unchanged but lifted bank reserves.

U.S. Movers: Compellent, Dionex, GE, Exco

Mukesh Buch
13 Dec, 2010
New York City

Biglari Holdings fourth quarter revenues increased to $164.4 million. Dell Inc. to acquire Compellent Technologies, and will pay $27.75 per share. Thermo Fisher Scientific will acquire all of the outstanding shares of Dionex Corp. for $118.50 per share in cash, total purchase price $2.1 billion approximately.

UK Indexes Rise; GE Bids for Wellstream

Arthi Gupta
13 Dec, 2010
New York City

The UK indexes climbed after home prices declined in December. The IMF delayed consideration of Irish bailout package. Reckitt Benckiser agreed to acquire India-based Paras Pharmaceuticals for $726 million and GlaxoSmithKline agreed to buy Maxinutrition for

UBS Q3 Earnings Call Transcript

123jump.com Staff
13 Dec, 2010
New York City

The financial services company reported total operating income increased 15% to Sfr6.658 billion from last year''s Sfr5.766 billion. The company generated net profit of Sfr1.664 billion or Sfr0.43 per share compared to a loss of Sfr564 million or Sfr0.15 per share in the year-ago period.

Bundesbank Estimates Economic Slowdown

Arthi Gupta
13 Dec, 2010
New York City

The European indexes gained after China held its interest rates. The Bundesbank forecasted slowdown in German economic growth. French current account deficit narrowed in October. Spanish home sales plummeted in October. Swiss producer and import prices climbed in November.

Merger Activities, China Rate Decision Lift U.S., World Stocks

Arthi Gupta
13 Dec, 2010
New York City

U.S. stocks climbed after a flurry of merger activities around the world lifted trading sentiment. China also held its interest rates and reported a rising inflation. GE proposed to buy UK-based Wellstream for $1.3 billion and Sanofi-Aventis extended Genzyme tender offer.

Sensex in India Rallies 1%

Chandrasekhar Atreya
13 Dec, 2010
New York City

Stocks in Mumbai closed higher tracking the increase in Asia and Europe. Russia and India are expected to sign pacts for defense, trade and energy next week. China

India Movers: Emami, Reliance Infra, Goa Carbon

Mukesh Buch
13 Dec, 2010
New York City

Goa Carbon and Hong Kong based Sinoway International to set up manufacturing plant in China. Punj Lloyd won two oil and gas orders worth $350 million. Reliance Infrastructure soars on a plan to attract new investors in the company.

China Increases Bank Reserves Requirements; Inflation Surges

Chandrasekhar Atreya
13 Dec, 2010
New York City

The key stock indexes in China rallied the most in two months after China

Nikkei Rebounds to 7-Month High

Chandrasekhar Atreya
13 Dec, 2010
New York City

The benchmark index hovered near 7-month high after china tightened credit and higher flows to stocks. Net inflows into Japanese stock investment trusts rise to 305.2 billion yen in November.

Sydney Index Up; Australia Attempts to Stir Bank Competition

Chandrasekhar Atreya
13 Dec, 2010
New York City

Australian stocks closed higher and banks led gainers after Treasurer Wayne Swann revised banking rules to foster competition in the sector. NSW Power privatization identifies Origin Energy and TRUenergy as the key winners.

Thomson Reuters Q3 Earnings Call Transcript

123jump.com Staff
11 Dec, 2010
New York City

The information company reported quarterly revenues rose 1.2% to $3.26 billion. Net quarterly earnings surged 65% to $268 million reflecting increase in revenues at its Professional and Markets division. Earnings grew to 32 cents per share from 19 cents per share in the year-ago quarter.

U.S. Consumer Confidence Rises; GE Lifts Dividend Again

Bikram Pandey
11 Dec, 2010
New York City

U.S. trade deficit declined to a two-year low after exports rose on a falling dollar. Exports rose on the strong demand from emerging markets including China, Mexico and Brazil. General Electric increased its quarterly dividend 17% to 14 cents, second increase in the year.

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