Arthi Gupta
24 Aug, 2010
New York City
U.S. stocks declined amidst concerns of economic recovery. AIG repaid $3.95 billion in loans to the Federal Reserve Bank of New York. Trina Solar Ltd second quarter net soared 108%. Big Lots quarterly net soared 37%.
123jump.com Staff
24 Aug, 2010
New York City
Stocks in Mumbai trade down most of the day. State Bank of India expects to earn $2 billion in profit in the current year, record for any bank in India. Cairn India discovers oil and gas in KG basin. India rejects Vedanta
Chandrasekhar Atreya
24 Aug, 2010
New York City
Stocks in China rallied for the first time in three days while in Hong Kong fell. Shipbuilding orders soar in China while sales of new homes in Shanghai drops in the first seven months. China Construction Bank first half net soared 27%.
Chandrasekhar Atreya
24 Aug, 2010
New York City
The benchmark index in Japan dropped and fell more 20% from its peak in April as the government struggles to revive aggregate demand and stem the rise of yen. Panasonic plans to expand China capacity flat screen TV capacity five-fold. Demand for new 20-year government bond firms up.
Chandrasekhar Atreya
24 Aug, 2010
New York City
Stocks in Australia fell on continuing election uncertainty. Melbourne water supply eases. AWB shareholders back takeover by Agrium Inc. Mako shares debuts strongly. Macarthur Coal Ltd is looking to raise A$450 million and annual earnings declined 26%.
Nigel Thomas
23 Aug, 2010
New York City
U.S. stocks search for direction and close lower in the final minutes. Merger activities in the U.S., Europe and Asia heat up and lift sentiment in the morning. Nikkei Stock Average in Japan dropped to the low for the year as the yen hover near recent high.
Arthi Gupta
23 Aug, 2010
New York City
The UK indexes rose after HSBC agreed to buy a majority stake in Nedbank Group. BP announced open water fishing operations. Verizon Wireless completed the acquisition of Centennial Communications assets.
Arthi Gupta
23 Aug, 2010
New York City
The European indexes gained on merger and acquisition-related reports and a rise in mining stocks. The Bundesbank President Axel Weber noted modest euro area growth revisions. Euro area private sector growth slackened in August. German manufacturing dropped in August.
Arthi Gupta
23 Aug, 2010
New York City
U.S. stocks advance as mergers and acquisitions heat up. Singapore inflation soared to 3.1%. Potash Corp rebuffed BHP''s renewed $130 per share acquisition bid and Sinochem may join the fray. HP agreed to acquire 3PAR for $24 per share. HSBC offered to buy majority stake in Nedbank Group.
Bikram Pandey
23 Aug, 2010
New York City
3PAR soared 40% after Hewlett Packard offered 33% premium to Dell bid. BHP Billiton and Rio Tinto Group increased after hung Parliament election in Australia raised the prospect of mining tax cancelation. Warner Chilcott added 3% after it announced special dividend.
Chandrasekhar Atreya
23 Aug, 2010
New York City
Stocks in Mumbai traded sideways. Maruti Suzuki may be forced to limit exports as the domestic market demand surges and the automaker struggles with a market share decline. Foreign investment in real estate projects in India soars 60-fold in the last five years.
Chandrasekhar Atreya
23 Aug, 2010
New York City
Stocks in China dropped marginally after trading higher in the morning. India gives clearance to two Chinese telecom companies to supply equipment. Sinopec, the largest refiner said first half net profit increased 6.7%. Everbright Securities plan to sell 12% stake in its asset management venture.
Chandrasekhar Atreya
23 Aug, 2010
New York City
The benchmark index Nikkei declined to the low for the year after government did not indicate any steps to stem the recent rise in the yen. Same store sales at supermarkets and convenience stores drop. Itochu Corp helps Indian farmers to shift to organically grown cotton.
Chandrasekhar Atreya
23 Aug, 2010
New York City
Stocks in Australia stagnated after election results raised the prospect of a minority government. The ruling party needed support of four independents to form a government. Lihir Gold shareholders back takeover plan by Newcrest Mining.
123jump.com Staff
23 Aug, 2010
New York City
The networking solutions provider revenues dipped 1.1% to $501 million in the quarter. Net quarterly income generated was $22.4 million helped by the absence of acquisition-related impairment charges. The company earned 5 cents a share compared to a loss of 17 cents a share the prior-year quarter.
