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Nikkei in Japan Drop 3.1%

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
25 May, 2010
New York City

Stocks fell in Japan as the yen rose against the euro and the dollar on growing signs of stress faced by European financial institutions. The Nikkei 225 Stock Average fell to its lowest close in almost six months.

Sensex in India Plunges 2.7%

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
25 May, 2010
New York City

The Sensex index plunged as investors sold shares on concern that Europe

U.S., World Markets on the Edge

Arthi Gupta, Mayank Mehta and Sanjay Barot
25 May, 2010
New York City

Global and U.S. stocks plunge after the IMF warns of financial conditions in Spain and rising tensions in Korean peninsula. Commodities and crude oil dropped sharply. US, China pledge economic cooperation.

Saks Q1 Earnings Call Transcript

123jump.com Staff
25 May, 2010
New York City

Sales rose 7% to $667.4 million & net income was $18.8 million or 11 cents a share. Gross margin rate improvement up 440 basis points to 43.1% this year from 38.7% in last year''s first quarter. The company''s operating margin expanded to 7.1% in the quarter from 0.4% in the prior-year first quarter.

Afternoon Selloff in NY; Gold Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
24 May, 2010
New York City

Stocks in New York trading declined on the fears of fiscal and financial crisis in the euro-zone. Traders overlooked the rise in existing home sales in April increase 7.6% to 5.77 million, the best in five months. Investors ignored the sharp gains in China and Australia.

U.K. Chancellor Slashes Spending

Arthi Gupta
24 May, 2010
New York City

U.K. Chancellor of the Exchequer George Osborne today detailed a

Equity One Agrees to Acquire Capital & Counties

Chandrasekhar Atreya
24 May, 2010
New York City

North Miami-based investment trust, Equity One has agreed to acquire Capital & Counties, the US unit of Capital Shopping Centers Group Plc through a $600 million joint venture transaction.

Gentiva Health to Acquire Odyssey HealthCare

Chandrasekhar Atreya
24 May, 2010
New York City

Gentiva Healthcare Services agrees to acquire Odyssey Healthcare in an all cash transaction of $1 billion to provide a leading hospice and healthcare company.

UK Stocks Weak on Euro-Zone Worries

Arthi Gupta, Mayank Mehta and Sanjay Barot
24 May, 2010
New York City

U.K. stocks decline amidst concerns about the euro-zone debt crisis. U.K. Chancellor plans

Google, DreamWorks Fall; Sprint, Yingli Gain

Mayank Mehta
24 May, 2010
New York City

Sprint Nextel Corporation led gainers in the S&P 500 index with a rise of 5.3%. Campbell Soup profit dips in recent quarter. DreamWorks Animation SKG Inc dropped as much as 14% after the latest movie reported lower than expected weekend revenues.

European Markets Fall; Spain Seizes CajaSur

Arthi Gupta, Mayank Mehta and Sanjay Barot
24 May, 2010
New York City

The European markets fell on lingering concerns that the bailout package may not contain the deepening financial and fiscal crisis. Bank of Spain takes forced to take over a regional savings bank CajaSur. U.K. Chancellor proposes

U.S. Stocks Weak; Deals of $3 billion

Arthi Gupta, Mayank Mehta and Sanjay Barot
24 May, 2010
New York City

U.S. stocks fall amid worries about European debt and high fiscal debt in Europe. Gentiva Health Services agrees to acquire Odyssey HealthCare for $1 billion. Equity One to buy Capital And Counties USA through $600 million joint venture deal. AT&T sells its Sterling Commerce to IBM for $1.4 billion.

China Indexes Rebound; China-US Talks

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
24 May, 2010
New York City

Market indexes in Shanghai,Hong Kong surge on the recovering global optimism. Strategic talks between China and US begin in Beijing today as China resists pressure to revalue the yuan. Second land auction in Hong Kong fetches below estimated price. New home prices drops 16% in the week ended May 23.

Stocks Wobble in Tokyo; Renown Stake Sale

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
24 May, 2010
New York City

The stocks in Tokyo traded sideways and closed lower as global economic worries persisted. Cabinet office noted in its monthly report that the economy is steady though not in the self-sustaining mode. China based Shangdong Ruyi Group agreed to acquire 40% stake in in the apparel maker Renown Inc.

Australian Index Up 2%; Miners Battle Super Tax

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
24 May, 2010
New York City

Australian stocks rebound but the dollar continues to fall for the sixth day in the last seven days. Fortescue CEO says the government is adamant on super tax threshold. Healthscope Ltd permits private equity consortium due diligence in preparation of a takeover bid.

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