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Nikkei Slips; Astella Revises OSI Offer

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

Astellas Pharma makes a revised offer to buy OSI Pharmaceuticals. Japan

Euro Plunges; Crucial EU Meet Today

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

European indices decline on persistent concerns over Europe''s economic woes. Euro plunges to 4-year low versus dollar. Hochtief AG first quarter order backlog surges. Wipro teams with SAP to develop deliver sustainability solutions.

Sensex Falls on Euro-zone Worries

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

Stocks in Mumbai fell most in three months on the ongoing eurozone worries and sharp declines in Asian markets. Monsoon is forecasted to arrive ahead of schedule. Oil stocks slide as crude declined. ABB is aiming to increase stake in Indian unit to 75%. Madhucon postpones its IPO by a year.

Pound Slides; Man Group to Buy GLG

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

U.K. stocks gain but a slowdown in U.K. house price growth raises concerns about the health of the economy. The pound hits a 13-month low against the dollar. Prudential launches $21 billion rights issue. Man Group agrees to acquire GLG for $1.6 billion.

GLG Partners Gain; Lowe

Mayank Mehta
17 May, 2010
New York City

Lowe

U.S. and Global Markets Struggle

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

U.S. stock futures fall as traders weigh the lingering European debt crisis and the tumble of the euro to a 4-year low. The European markets have recouped their early losses and are moderately higher. Astellas agreed to buy OSI Pharma for $4 billion. Lowe''s, GM first quarter profit rises.

World Stocks, Euro, Oil Drop

Mayank Mehta, Arthi Gupta and Darlington Musarurwa
14 May, 2010
New York City

Euro-zone breakup talks gained considerable momentum after Paul Volcker and others expressed doubts on the health of the region. Euro dropped to 18-month low and gold reached a new high. Oil fell as much as 4%. Chinese debt auction drew less than expected interest for the second time in a month.

Visa, MasterCard Plunge 9% on Charge Limits

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

Visa Inc and MasterCard Inc dropped as much as 10% after Senate approved a late hour amendment to the bill that empowers the Federal Reserve Bank to limit interbank charge.

Nervous Investors Drive Euro, Indexes Lower

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

The euro touched an 18-month low on concerns that the austerity measures in the euro-zone may slow growth. EADS NV and Banca Monte dei Paschi di Siena SpA report lower profits.

FTSE Slides 1.7%, Pound Plummets

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

U.K. stocks fall as investors seek refuge in safe-haven currencies. Investors are still jittery about the debt crisis in Europe and the sufficiency of the $1 trillion package to the EU region. Monthly average price of residential property rises. Wolseley plc doubles trading profit.

Newmont, Dillard

Mayank Mehta
14 May, 2010
New York City

Newmont Mining Corporation led gainers in the S&P 500 index with a rise of 1.8%. ITC affirms. Dillard''s net income jumps by six fold. Blockbuster swings to quarterly loss of $67.1 million. Nordstrom profit increases 43% on same-store sales gains.

US. Stocks Track Lower Europe, Record Gold

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

U.S. stocks decline following losses in Europe and gold surged to a record high. U.S. economic data pointed improving conditions with retail sales rising 0.4% in April. Noranda Aluminum slashes IPO by 66%. CA Inc, Nordstrom and JC Penney report higher earnings.

Shanghai Indexes in Bear Zone

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

Stocks in Shanghai dropped today and for the year declined more than 20%. China plans to encourage private investment in hospitals, community health services. Poly Real Estate''''s contracted sales rise 16.2% in the year to April. Hedge fund manager Soros took a stake in Alibaba.com.

Indexes in India Weak; SBI Net Drops 32%

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

India plans debt fund for infrastructure development. OVL inks agreement with Venezuela for oil exploration. Aban Offshore falls as Venezuela says Rig-Sinking is being probed. State Bank of India said fourth quarter net declined 32%.

Japan Stocks Decline; Mizuho Net Surges

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

Nikkei Stock Average declined 1.5% today and dropped 0.9% in the week. Shinsei, Aozora Bank merger proposal scrapped. Mizuho Financial Group profit soars to 239.4 billion yen. Sumitomo Mitsui Financial Group annual profit climbs to 271.5 billion yen in 2009.

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