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European Markets Rise; Nuclear Stocks Up

123jump.com Staff
28 Sep, 2009
New York City

German voters returned Angela Merkel led CDU/CSU party with the highest share of votes as the SPD takes a beating. Merkel led parties also reported their worst showing in sixty years. Solar stocks fell on the worries that the government subsidies may be trimmed but nuclear power utilities gained.

German Voters Prefer Merkel, Voters Drift

123jump.com Staff
28 Sep, 2009
New York City

The election results of federal parliament of Germany, Bundestag handed victory to a coalition led by Chancellor Angela Merkel. CDU/CSU party returns to power with the lowest share of votes as voters drift to smaller parties and reject in droves the SPD message.

Bulls in Charge on Wall Street; Silver, Sugar Up

Mukesh Buch
28 Sep, 2009
New York City

Stocks in New York trading gained as merger activities pick up. European markets closed higher after ruling party coalition succeed in regaining its majority. In commodities trading silver and sugar traded near their highs.

UK Home Price Rise Lift Builders; Wolseley Up

Mayank Mehta
28 Sep, 2009
New York City

UK stocks closed higher after home prices increased in September and rental contracts advanced in the three months. Home builders gained. Wolseley surged after the retailer guided positive earnings outlook. The online casino 888 Holdings signs joint venture with a South Africa based casino.

ACS, Gander, Cisco Rise; Cal-Mine, MEMC Fall

Mayank Mehta
28 Sep, 2009
New York City

Affiliated Computer Services led gainers with a rise of 16.4% after Xerox offered 34% premium. Xerox led the decliners. Abbott increased on a purchase of Solvay SA pharma business. Gander Mountain surged 34% after it agreed to go private. Pomeroy IT Solutions acquired by Platinum Equity.

U.S. Stocks Surge on Merger Monday

123jump.com Staff
28 Sep, 2009
New York City

Stocks in early trading surged after two merger deals. Xerox agreed to pay $6.4 billion for government services outsourcing company Affiliated Computer Services. Abbott agreed to pay $6.6 billion to acquire pharmaceutical business of Belgium based Solvay SA. German election returns ruling coalition.

Xerox Falls on $6.4 Billion ACS Deal

Trupti Mehta
28 Sep, 2009
New York City

Xerox agreed to acquire Affiliated Computer Services, Inc for $6.4 billion in cash, stock and debt. The expensive deal will position Xerox as one of the largest government contract and business outsourcing companies.

Weak Sentiment Drags American, European Stocks

Mukesh Buch
25 Sep, 2009
New York City

Weak durable goods orders and new home sales hovered the trading sentiment in stocks, bonds and commodities trading in New York. Industrial, retailers and resource stocks declined with GE, Alcoa, Wal-Mart and MasterCard leading the losers.

India Stocks Down, Jet Airways $400 M Offering

123jump.com Staff
25 Sep, 2009
New York City

Stocks in Mumbai declined led by resource stocks and IT outsourcing companies. Jet Airways board approved $400 million offering. Dr Reddy

European Markets Drift; Club Med Surges

Mayank Mehta
25 Sep, 2009
New York City

European stocks closed lower as investors prepare for the earnings season in two weeks. Club Med surges on media speculation of an impending buyout offer. EADS is looking for extra

UK Stocks Rise; Tate & Lyle, Euromoney in Focus

Mayank Mehta
25 Sep, 2009
New York City

Unilever Plc proposed to acquire Sara Lee global body care and European detergent business for

KB Home, RiM Fall; Sara Lee, AMR Rise

Mayank Mehta
25 Sep, 2009
New York City

Research In Motion declines after earnings disappointed some traders. KB Home fell on earnings. Airlines trade higher after UBS lift rating on AMR Corp. Terra Industries declare one-time cash dividend. Sara Lee increase of global body care division sale to Unilever.

Sara Lee and Unilever in

123jump.com Staff
25 Sep, 2009
New York City

Unilever agrees to acquire Sara Lee personal care business in Europe for

Weak Durable Goods Orders; RiM Plunges

Mukesh Buch
25 Sep, 2009
New York City

Durable goods orders fell 2.4%, second monthly decline in three months. The inventory rebuilding in the last six months had lifted hopes among investors that orders will keep increasing for the rest of the year. Research In Motion Limited plunges 15%.

Japan Stocks Indicate Lower; Weak Banks

123jump.com Staff
24 Sep, 2009
New York City

Stocks in Japan closed higher ahead of G-20 meeting in the U.S. Japan Airlines may need to raise $2.5 billion in the next six months. Sony surged after it announced that it may cut prices of its popular game console. Nomura declined on its plan to raise $5.6 billion.

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