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Three-Day Rally in European Markets

Arthi Gupta, Mayank Mehta and Sanjay Barot
09 Jul, 2010
New York City

The European markets extend gains on positive U.S. economic data. The ECB President Trichet approves bank stress tests. The OECD composite leading index rises in May. French industrial production rebounds in May. German CPI inflation confirmed at 0.9% in June.

ACE, Google Gain; Best Buy Declines

Mayank Mehta
09 Jul, 2010
New York City

Discovery Communications Inc. led the decliners in the S&P 500 index with a loss of 9.4%. Big 5 Sporting Goods cuts view and shares fall 8%.

U.S. Stocks Struggle; Google License Renewed

Arthi Gupta, Mayank Mehta and Sanjay Barot
09 Jul, 2010
New York City

U.S. stocks trade sideways on speculation of the earnings season next week. The IMF highlighted U.S. economic recovery is well established. The federal appeals court rejected government bid to reinstate drilling ban. Air Products raised Airgas offer to $63.50 a share. China renews license of Google.

UK Leaves Rates Unchanged

Arthi Gupta, Mayank Mehta and Sanjay Barot
08 Jul, 2010
New York City

The IMF lifts global growth outlook for 2010 to 4.6%. The Bank of England retains key interest rate of 0.5% and

European Markets Surge on IMF Outlook

Arthi Gupta, Mayank Mehta and Sanjay Barot
08 Jul, 2010
New York City

The European markets extend gains after the International Monetary Fund lifts global growth forecast for 2010. The European Central Bank and Bank of England keep interest rates flat at 1% and 0.5% respectively. French business sentiment declines in June. German industrial production surges in May.

Apple, TJX Gain; H&R Block Falls

Mayank Mehta
08 Jul, 2010
New York City

H&R Block, Inc. led the decliners in the S&P 500 index. Limited Brands June same-store sales rise 6%. Apple Inc. opens launches retail chain in Shanghai. Sun Bancorp announces $100 million equity investment. Retailer TJX ups forecast as June same-store sales rise.

U.S. Jobless Claims Falls, IMF Lifts Outlook

Arthi Gupta, Mayank Mehta and Sanjay Barot
08 Jul, 2010
New York City

U.S. stocks trade sideways and the latest weekly jobless claims declined to 454,000. The IMF lifts global growth outlook for 2010 to 4.6%. Time Warner prices $3 billion debt offering. The Bank of England retains key rate at 0.5% and the European Central Bank left the rate at 1%.

UK Inflation, Retail Prices Ease

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 Jul, 2010
New York City

The UK indexes traded higher in a choppy trading after latest read on food prices and retail prices showed a decline. Shire Plc gets US regulatory approval of hyper activity disorder treatment. Smiths Group enters into deal with the trustees of its two pension schemes.

European Markets Focus on Bank Stress Test

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 Jul, 2010
New York City

European markets advance on the gains in banks.. EU confirms euro-zone first quarter GDP grows 0.2%. German factory orders decline in May. Greek inflation slackens in June. Total E&P Canada agrees to buy UTS Energy.

Discovery, JA Solar Gain, Family Dollar Falls

Mayank Mehta
07 Jul, 2010
New York City

Discovery Communications Inc. led gainers in the S&P 500 index with a rise of 14.2%. Family Dollar profit up 19%. Bebe shares up 9% on PH8 closings and dividend. Cree and Philips sign comprehensive LED patent cross-license agreement. Kraft to sell Cadbury confectionery unit.

U.S. Stocks Fall; Intergraph in $2.2 B Deal

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 Jul, 2010
New York City

U.S. stocks trade lower following weaker-than-expected economic data. U.S. mortgage applications surge on refinancing. Sweden-based Hexagon agrees to buy U.S.-based Intergraph for $2.13 billion.

FTSE Rises 2.5%; Ocado Offering

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 Jul, 2010
New York City

The UK indexes advance after commodities and banks lifted investor sentiment. The British Chambers of Commerce reports strong economic growth in the second quarter. Ocado indicates public offering price range between 200 and 275 pence a share.

European Markets Surge

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 Jul, 2010
New York City

European markets rise on bargain hunting after markets in China region rallied The European Central Bank official said bank stress test transparency will restore confidence in the economy. The ECB settles covered bond purchases worth

Ctrip, Lincare Decline; Netflix, GE Gain

Mayank Mehta
06 Jul, 2010
New York City

Ctrip.com International Ltd. led the decliners in the S&P 500 index with a loss of 12.8%. Brown & Brown acquires assets of Meridian Group of New York. Fidelity National affirms outlook and raises new debt. GE contracts for Salalah Independent Water & Power Project totaling nearly $300 million.

U.S. Stocks Soar; BP Settles 50% Claims

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 Jul, 2010
New York City

U.S. stocks trade higher on economic optimism and gains in world markets. Reserve Bank of Australia keeps cash rate flat at 4.50%. The Gulf of Mexico oil spill disaster costs BP more than $3 billion that includes settlement of more than 50% of compensation claims.

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