ticker

U.S. Movers: Atlas Energy, Akamai, McDermott, priceline.com, Yahoo

Bikram Pandey
09 Nov, 2010
New York City

U.S. stocks traded mixed. Akamai Technologies plunged 4% after Netflix Inc dropped the company as its service provider. Atlas Energy Inc soared 35% after Chevron offered $3.2 billion for the company. Priceline.com and McDermott International surged after posting better than expected earnings.

UK Output Rises; Vodafone, Yell Group Fall, Schroders, Barclays Rise

Marcus Jacob
09 Nov, 2010
New York City

UK total production output increased 3.8% in September. Trade deficit decreased in the month to

Indexes in Europe Close Higher; Hermes, Deutsche Post, Munich Re Up

Bikram Pandey
09 Nov, 2010
New York City

Market indexes in Europe closed higher as the dollar declined and earnings lifted the sentiment. Munich Re lifted its earnings estimate and Hermes SCA and Deutsche Post reported better than expected earnings.

U.S. Stocks Struggle; Chevron Offers $3.2 Billion for Atlas Energy

Bikram Pandey
09 Nov, 2010
New York City

U.S. stocks traded mixed as the dollar declined and commodities prices gained. Chevron Corp agreed to acquire Pennsylvania based Atlas Energy Inc for $3.2 billion and assume $1.7 billion in long term debt. Priceline.com and McDermott International gained on better than expected earnings.

Poland Raises $420 Million in Warsaw Exchange IPO

Nigel Thomas
09 Nov, 2010
New York City

Poland government successfully sold 64% stake in the Warsaw Stock Exchange and raised $420 million. The Warsaw Stock Exchange rose as much as 23% on the first day in trading.

India Movers: Apollo Hospitals, SBI, Sundram Fasteners, Thermax

Mukesh Buch
09 Nov, 2010
New York City

Stock in Mumbai rose. Apollo Hospitals rose 0.2% after net profit rose 45.5%. State Bank of India plunged 4.4% after the largest bank in India reported flat profit. Sundram Fasteners gained 3% after net profit soared 63.5%. Thermax acquired European boiler manufacturer for 29.5 million euros.

China Prepares for New Currency and Property Lending Curbs

Marcus Jacob
09 Nov, 2010
New York City

Stocks in China region declined ahead of new foreign funds restrictions and property lending curbs. The yuan strengthened against major currencies. Banks and property developers fell. Investors are increasingly factoring higher inflation in China.

Japan Current Account Surplus Widens 24%; Acom, Daikin Fall

Nigel Thomas
09 Nov, 2010
New York City

Stocks in Tokyo trading declined as the yen hovered near recent highs and companies report mixed earnings. Current account surplus in September soared 24% as exports surged 16%. Acom Co lowered its full year outlook and Isetan Mitsukoshi net plunged 90%.

World Markets Rest; Gold, Silver Shine

Bikram Pandey
08 Nov, 2010
New York City

U.S. stocks closed lower and the dollar edged higher and gold and silver continue to trade at record levels. Chrysler Group LLC reported smaller loss in the third quarter. European markets closed mixed but after the close Ireland said it will honor its debt. SEC looks to throttle program trading.

U.S. Movers: AOL, Ashland, Radian, Warner Chilcott, Yahoo

Bikram Pandey
08 Nov, 2010
New York City

U.S. stocks traded lower. Ashland surged 10% after the company agreed to sell its distribution division to TPG. Warner Chilcott declined 10% after it estimated lower sales next year. Radian Group fell on investigation and convertible bonds offering. CommScope gained on the prospect of a rival bid.

UK Indexes Decline; BHP Billiton, Rolls Royce, Gartmore Fall

Nigel Thomas
08 Nov, 2010
New York City

Stocks in London declined as commodities prices gained and the dollar edged higher against the euro but declined to the pound. Gartmore Group Ltd plunged after star managers leave the company and the management seeks a buyout candidate. Banks close lower.

European Indexes Down; Greece, Ireland, Portugal in Focus

Nigel Thomas
08 Nov, 2010
New York City

European markets closed mixed but traded lower after a strong rally last week. Stocks focused on earnings. Greek index rose after ruling party was ahead in local election in Greece and Prime minister reaffirmed the commitment to fiscal reforms. Ireland was in focus after recent budget cuts.

U.S. and European Stocks Struggle; G20 Rhetoric Sharpens

Devan Biswas
08 Nov, 2010
New York City

U.S. traded lower as the rhetoric ahead of G20 meeting heats up after China joined other emerging nations and Germany and resisted further U.S. economic stimulus. The dollar edged higher and gold traded near elevated levels. Amazon.com is in a deal to acquire parent of Diapers.com for $540 million.

China Region Stocks Rise; Fear of New Hot Money Supply

Devan Biswas
08 Nov, 2010
New York City

Stocks in China region gained as crude oil traded at a 2-year high and commodities advance. Property developers gained as a flood of new money is expected in the sector after the U.S. adds $600 billion in new money supply.

India Movers: Coal India, Jain Irrigation, PowerGrid, Reliance Power

Mukesh Buch
08 Nov, 2010
New York City

Stock in Mumbai fell. Coal India Limited declined 3.4% after surging 40% on the first day of offering last week. Jain Irrigation Systems soared 4.1% after net profit rose 46%. Reliance Power rose 4.5% after get credit of $5 billion from Exim bank. PowerGrid Corp sets the price for its offering.

Market Update