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Jobs Data Lift U.S. Indexes

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

U.S. and world markets gain as improving economic data boosts investor confidence. U.S. private sector employment increases by 55,000 jobs in May and initial jobless claims falls by 10,000 to 453,000 for the week.

Nikkei Surges 3.2%

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

Stocks in Tokyo surged the most in the last six months after U.S. auto sales increased and positive economic data in Europe and the U.S.

The McClatchy Q1 Earnings Call Transcript

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

Revenues fell 8.2% to $335.6 million and net income was $2.2 million or 3 cents a share. Operating cash flow nearly doubled to $81.9 million and our operating cash flow margin was 24.4%. National advertising declined 7% compared to a 19.8% decline in the last quarter of 2009.

Stocks in Mumbai Sustain Gains

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

Indian stocks rose to a three week high after demand for raw materials, consumer goods and services supported the market sentiment.

Prudential Terminates AIG Deal

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

U.S. stocks trade higher following sharp sell-off in late trading session yesterday. Prudential terminates deal to acquire Asian insurance unit of AIG.

FTSE 100 Falls 2.1%; Ryanair Net Rises

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

The UK benchmark dropped after BP

RadioShack, Apple Gain; BP, Schlumberger Fall

Mayank Mehta
01 Jun, 2010
New York City

RadioShack Corporation led gainers in the S&P 500 index with a rise of 6.8%. AIG to adhere to original AIA transaction terms. CONSOL Energy Inc. completes acquisition of CNX Gas Corp. HP to invest $1 billion to launch new era of enterprise services.

India Rally Snaps; April Exports Up 36.2%

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
01 Jun, 2010
New York City

Stocks in Mumbai traded lower snapping the four day rally. Exports rise 36.2% in April. Coffee exports rise 50% in five months to May. Unitech Ltd is planning to execute a slum rehabilitation project after canceling Mumbai joint venture. NRB Bearings on a roll after liberal bonus issue.

Metro China Property Sales Plunge 70%

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
01 Jun, 2010
New York City

Indexes in China slip led by drop in property transactions and a drop in manufacturing growth. PBOC sells one-year bills at higher yields to boost returns. Sinopec plans to expand Shijiazhuang refinery''s capacity by 60%.

Political Worries Hover in Japan

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
01 Jun, 2010
New York City

Stock indexes in Japan fell due to political uncertainty in the country. The futures market at the Nikkei 225 faces chaos as Deutsche Bank sends erroneous sell order. Strike at China plants of Honda continues. Hitachi prepares to globalize its water treatment business.

Australia Holds Interest Rate at 4.5%

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
01 Jun, 2010
New York City

RBA holds its benchmark interest rate at 4.5%. National Australia Bank Ltd announces extension to AXA Asia Pacific Holdings Ltd framework deed. Transurban Group announces holding interest of BlackRock Group. Rio Tinto claims government mining tax ads are misleading.

European Markets Fall; French PPI Rises

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

European stocks fall amidst concerns that a slowdown in China may impede global economic recovery. Euro-zone jobless rate edges up to 10.1% in April. Swiss economic growth slows in the first quarter.

Covidien to Acquire ev3 Inc for $2.6 billion

Chandrasekhar Atreya
02 Jun, 2010
New York City

Medical equipment company Covidien Plc, has signed a definitive agreement with ev3 Inc to acquire all of its outstanding shares for $22.50 per share for a total of $2.6 billion.

U.S. Stocks Slump; Covidien to Acquire Ev3

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

U.S. and world markets struggle on declining manufacturing growth in China, political turmoil in Japan and continued oil leaks in Gulf of Mexico. Investors are still worried about the elevated risks for sovereign debt default in the euro-zone. Covidien agrees to acquire Ev3 for $2.6 billion in cash.

Essar to Acquire Controlling Stake in AGC

Chandrasekhar Atreya
31 May, 2010
New York City

Essar Group has agreed to acquire the entire stake of AGC Networks listed in India for $44.5 million or Rs 206.18 crore at Rs 245 per share. The deal is subject to regulatory requirements and completion of the mandatory offer.

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