Devan Biswas
21 Sep, 2010
New York City
U.S. indexes closed higher after Fed indicated its willingness in stimulate economy as inflation runs below its target. Gold inched to record and U.S. Treasuries yields dropped to record low. Markets in Europe and Asia edged lower.
123jump.com Staff
21 Sep, 2010
New York City
AutoZone, Inc declined after the retail said fourth quarter sales increased 9.5%. Carnival Corp increased 2% after third quarter revenues increased 8% to $4.4 billion. FactSet Research Systems Inc. increased revenues and earnings increased 8%.
Arthi Gupta
21 Sep, 2010
New York City
The UK indexes climbed after Ireland successfully completed bond sales. The Confederation of British Industry urged prioritization of spending on investment for economic growth. The UK public sector net borrowing soared in August. Irish PPI slackened in August.
Arthi Gupta
21 Sep, 2010
New York City
The European indexes rose after the French economic index accelerated in July. The EU extended Irish bank guarantee scheme. Fitch affirmed Germany''s sovereign ratings. Spanish export growth slowed in July.
Arthi Gupta
21 Sep, 2010
New York City
U.S. stocks gained after housing starts surged more than expected 10.5% in August. McMoRan agreed to buy Plains Exploration''s shallow water Gulf of Mexico assets for $818 million. Clorox is negotiating to sell its auto-care brands to Avista Capital for $800 million.
Chandrasekhar Atreya
21 Sep, 2010
New York City
China region indexes gained fractionally ahead of holidays. Shanghai port surpassed Singapore as the number of containers handled at the port surged 20% in August. Passenger air travel passengers and new home sales in Shanghai continue to rise.
Chandrasekhar Atreya
21 Sep, 2010
New York City
Stocks in Japan drop on China concerns. China suspends ministerial level exchanges with Japan on the recent fishing boat incident. Government Pension Fund is weighing the idea of investment in emerging markets.
123jump.com Staff
21 Sep, 2010
New York City
The package delivery company reported revenues grew 18% to $9.46 billion in the quarter. Net quarterly income surged 110% to $380 million reflecting higher demand at FedEx Express and FedEx Ground. Earnings per share rose to $1.20 from 58 cents per share last year.
Chandrasekhar Atreya
21 Sep, 2010
New York City
The benchmark index in Sydney closed lower giving up earlier gains in trading on the worries that interest rates may be on the rise. Australia lifted its commodity exports forecast for the current fiscal. Victoria plans to back 345 gigawatts solar power plant.
Marcus Jacob
20 Sep, 2010
New York City
Stocks surge in New York lifted indexes in Americas and Europe. Two deals totaling $2 billion contributed to the improving sentiment. The NBER declared the longest recession since the Great Depression lasted 18 months and ended in June 2009 that destroyed 8 million jobs. Oil and gold edged higher.
Devan Biswas
20 Sep, 2010
New York City
Internet Brands Inc soared after a private equity deal that valued the company at six times sales and nearly twenty times cash flow. The rich valuation is based on the expectations of rising cash flows from generic sites that lack original content and may face a sudden change in user preference.
Bikram Pandey
20 Sep, 2010
New York City
Internet Brands surged after a private equity group offered 46% premium. Netezza Corp. soared more than 12% after IBM agreed to acquire the company. Lennar Corp traded higher after third quarter sales increased 14.5%.
Arthi Gupta
20 Sep, 2010
New York City
The UK indexes advanced after home prices fell 1.1% in September. The UK mortgage lending weakened in July and M4 money supply declined in August. BAE Systems agreed to buy L-1 Identity Solutions Intelligence Services Group for $295.8 million.
Arthi Gupta
20 Sep, 2010
New York City
The European indexes rose after the Bundesbank expressed confidence German banks could meet higher capital requirements. Greek current account deficit narrowed in July. L-1 Identity Solutions agreed to be acquired by France based conglomerate Safran SA.
Arthi Gupta
20 Sep, 2010
New York City
U.S. stocks gained on renewed global economic optimism. France based conglomerate Safran SA agreed to acquire U.S. based L-1 Identity Solutions for $1.6 billion. Sahara India may bid for MGM Inc for $2 billion. IBM agreed to buy Netezza for $27 a share.
