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Bristol-Myers, Celgene Rise; AIG, Oracle Fall

Mayank Mehta
07 Jun, 2010
New York City

Bristol-Myers Squibb Company led gainers in the S&P 500 index with a rise of 6.6%. Grifols agrees to acquire Talecris Biotherapeutics for creating plasma protein therapies. Vivus announces positive results from phase-3 study related erectile dysfunction in diabetic patients.

Nervous Trading in Europe

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 Jun, 2010
New York City

European markets edged lower as Hungary issued contradictory statements. German factory orders increase 2.8% in April and the euro-zone investor confidence improves in June. Spain-based Grifols SA agrees to buy U.S.-based Talecris for $3.4 billion in cash and stocks.

India Sets Wider Shareholding Guidelines

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jun, 2010
New York City

Stocks in Mumbai trading dropped 2% in a volatile trading after markets in Asia closed lower on a weaker than expected U.S. jobs report. Private sector added virtually no new net jobs in the previous month.

Australian Index Drops 2.8%; China Worries

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jun, 2010
New York City

Stocks in Australia plunged nearly 3% and markets in Asia dropped at least 2% after the U.S. reported no jobs growth in the private sector. In addition, China further tightened rules for second home purchase lending, dragging commodities prices lower.

Nikkei Plunges 3.8%; Edano Replaces Ozawa

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jun, 2010
New York City

The Nikkei 225 Stock Average had its biggest one-day decline of 3.7% since March 2009 in the morning session. The index fell further to 3.84% at close to 9,520.80, led by commodities and reports of less than estimated job growth in the U.S.

China Raises Property Loans Curbs

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jun, 2010
New York City

Stocks in China fell on a weakness in property developers as China tightens mortgage lending rules. Global worries also contributed to the weak sentiment after U.S. reported weaker than expected jobs data and rising worries in the euro-zone.

Grifols Agrees to Pay $3.4 Billion for Talecris

Arthi Gupta
07 Jun, 2010
New York City

Grifols and Talecris Biotherapeutics Holdings Corp. announced the signing of an agreement through which Grifols would purchase Talecris for a combination of cash and stocks for $3.4 billion or

U.S. Stocks Flat; German Orders Rise

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 Jun, 2010
New York City

U.S. stocks rose after German factory orders increased in April. European markets cautiously traded higher as investors worry about Hungary''''s fiscal health. Spain-based Grifols agrees to acquire U.S.-based Talecris for $3.4 billion in cash.

Corning Q1 2010 Earnings Call Transcript

123jump.com Staff
07 Jun, 2010
New York City

Sales rose 57% to $1.55 billion and net income rose 5,728% to $816 million or 52 cents a share. . Quarter one gross margin was 47%, up from 42% in Q4 and 27% a year-ago. Effective tax rate was 2% in Q1 versus our expectation of 10%.

Dow Down 3.2%; Euro 4-Year Low

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
04 Jun, 2010
New York City

U.S. indexes plunged after a disappointing jobs data and weakness in the euro. The latest U.S. employment data showed weak private sector additions. The euro dropped to a four-year low after negative comments from Hungarian officials.

FTSE Declines; BP Recovers Gulf Oil

Arthi Gupta, Mayank Mehta and Sanjay Barot
04 Jun, 2010
New York City

UK indexes fall on U.S. jobs data and comments from Hungarian officials. UK house prices drop 0.4% month-on-month in May. easyJet unveils ash detector to end large-scale disruption.

SunTrust Declines; Quiksilver, Krispy Krem Rise

Mayank Mehta
04 Jun, 2010
New York City

Jacobs Engineering Group Inc. led the decliners in the S&P 500 index with a loss of 4.4%. Krispy Kreme quarterly profit surges. Quiksilver quarterly profit rises and sales decline. Hovnanian shares slip on order and revenue worries.

Hungarian Worries Drag European Indices 2%

Arthi Gupta, Mayank Mehta and Sanjay Barot
04 Jun, 2010
New York City

European stocks trade lower after disappointing jobs data from the U.S. and talks of a sovereign debt crisis in Hungary. The euro declined after comments from Hungarian officials. Euro-zone GDP expands 0.2% in the first quarter ending in March.

Forint Declines in Hungary on Comments

Arthi Gupta
04 Jun, 2010
New York City

Hungarian officials said the country''s budget was in ""much worse"" condition than the previous government had stated, raising new fears about sovereign debt burdens in Europe.

U.S. Markets Track Losses in Europe

Arthi Gupta, Mayank Mehta and Sanjay Barot
04 Jun, 2010
New York City

U.S. stocks fall after employment increases by 431,000 and unemployment rate declined to 9.7% in May on census jobs. The euro declined after comments from Hungarian officials. Finance ministers of G-20 nations meet in Korea to determine new capital requirements for banks.

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