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.
Chandrasekhar Atreya
20 Sep, 2010
New York City
Sustained international fund flows to India for the year and in the month lifted stocks for the sixth day in a row to 32-month high. Hindustan Copper to generate $1.2 billion in revenues in rock sales.
Chandrasekhar Atreya
20 Sep, 2010
New York City
Shanghai stocks declined and dragged the index fell to five-week low. Stocks in Hong Kong searched for direction and closed unchanged. Net profit of centrally-administered government controlled companies grew at a slower pace in August.
Chandrasekhar Atreya
20 Sep, 2010
New York City
Australian stocks traded lower as the dollar climbed and metals prices increased. Reserve Bank of Australia outlook suggested continued current growth in the economy in the near future. The rail network, QR National started its public offering that may raise as much as A$7 billion.
123jump.com Staff
18 Sep, 2010
New York City
The biopharmaceutical company reported revenues soared 58% to $17.3 billion in the quarter. Net quarterly earnings rose 9.5% to $2.47 billion helped by higher revenues owing to the acquisition of Wyeth. Earnings per share fell to 31 cents from 34 cents per share in the year-ago quarter.
Bikram Pandey
17 Sep, 2010
New York City
U.S. stocks traded sideways as commodities continued to advance. The Dow gained 1.2% and the S&P 500 index added 1.4%. The Nasdaq advanced 3.2% in the week. Resource and technology stocks closed higher in the week. Silver inched near 30-year high and gold traded intra-day record.
Arthi Gupta
17 Sep, 2010
New York City
The UK indexes declined on global economic data. The UK Chancellor George Osborne reiterated sovereign debt risk is a threat to European economies. Promethean Plc surged 6.33% to 42.00 pence after the investment company reported fiscal 2010 profit.
Bikram Pandey
17 Sep, 2010
New York City
Crucell NV soared after the company is in talks with J&J. Research in Motion surged after it reported better than expected sales and earnings. Texas Instruments gained after it increased dividend and offered t buy back up to $7.5 billion in shares.
Arthi Gupta
17 Sep, 2010
New York City
The European indexes fell after euro area current account deficit remained flat and construction output fell in July. German PPI rose 3.2% in August. Carrefour SA surged 5% after the retail giant plans to invest about
Arthi Gupta
17 Sep, 2010
New York City
U.S. stocks gained after consumer prices rose 0.3% in August. The U.S. Senate approved small business bill. J&J negotiated to buy rest of Crucell shares for
Chandrasekhar Atreya
17 Sep, 2010
New York City
The Sensex index closed higher and jumped 4% and surged more than 7% in the month. Rupee advanced. Sustained foreign investments and rising consumer confidence has lifted index at the fastest pace in last four months. State Bank of India looks to raise more than $4.5 billion.
Chandrasekhar Atreya
17 Sep, 2010
New York City
Stocks in Shanghai treaded marginally lower but the weekly drop was the steepest in more than two months. Hong Kong index gained 1% and for the week added 3.3% and surged more than 7% in the month. Four Taiwan-based banks get permission to open mainland branches.
Chandrasekhar Atreya
17 Sep, 2010
New York City
Stocks in Japan added more than 1% on Friday and gained 4% in the week and surged more than 9% in the month. The yen declined to five-week low against the dollar and the euro. Prime Minister Kan announced a new cabinet. Crude steel output rises in August, the tenth consecutive month of increase.
