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Market Update

Stocks Trade Higher; Bernanke Comments

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

U.S. stocks edged higher following positive comments from Fed Chairman Ben Bernanke. He also suggested that unemployment is likely to remain high for a while and the banking sector is still not fully healthy. McDonald

Monsoon Prospects Improve; Sensex Declines

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
08 Jun, 2010
New York City

India Commodity Exchanger Ltd, founded by MMTC Ltd and Indiabulls Financial Services Ltd, is planning to start iron-ore futures. The country

Australian Stocks Rally; Rudd

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
08 Jun, 2010
New York City

Prime Minister Kevin Rudd may rue his proposal to collect more tax from mining companies, after it has become a winning strategy for the opposition in the upcoming elections to be held within 10 months.

New Cabinet in Japan; Current Account Surplus

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
08 Jun, 2010
New York City

Japanese stocks rose after three days of decline as the dollar and euro strengthened against the yen.

Core Lab Q1 2010 Earnings Call Transcript

123jump.com Staff
08 Jun, 2010
New York City

Revenues rose 5.3% to $188.3 million and net income rose 10.3% to $32.2 million or $1.38 a share. Cost of sales in the first quarter were 67.3% of revenues versus 74.6% in last year''s first quarter and 74.6% also for all of 2009. First quarter EBIT represents operating margins of 27.3%.

Nasdaq Drops 2%; Goldman Subpoenaed

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jun, 2010
New York City

U.S. indexes declined for the second day on the weakness in financials and tech stocks. Tech heavy Nasdaq dropped 2% and led the decline in the popular indexes after Apple Inc and Google Inc fell more than 2%. Resource stocks fell after base metals declined.

UK Indexes Fall; Cameron Warning

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

UK markets closed lower as Prime Minister Cameron urged the nation and the government to trim its deficit. Manufacturing output grows in the second quarter. BP said it made progress in capturing as much as half the leaking oil in the Gulf of Mexico well.

Bristol-Myers, Celgene Rise; AIG, Oracle Fall

Mayank Mehta
07 Jun, 2010
New York City

Bristol-Myers Squibb Company led gainers in the S&P 500 index with a rise of 6.6%. Grifols agrees to acquire Talecris Biotherapeutics for creating plasma protein therapies. Vivus announces positive results from phase-3 study related erectile dysfunction in diabetic patients.

Nervous Trading in Europe

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

European markets edged lower as Hungary issued contradictory statements. German factory orders increase 2.8% in April and the euro-zone investor confidence improves in June. Spain-based Grifols SA agrees to buy U.S.-based Talecris for $3.4 billion in cash and stocks.

India Sets Wider Shareholding Guidelines

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jun, 2010
New York City

Stocks in Mumbai trading dropped 2% in a volatile trading after markets in Asia closed lower on a weaker than expected U.S. jobs report. Private sector added virtually no new net jobs in the previous month.

Australian Index Drops 2.8%; China Worries

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jun, 2010
New York City

Stocks in Australia plunged nearly 3% and markets in Asia dropped at least 2% after the U.S. reported no jobs growth in the private sector. In addition, China further tightened rules for second home purchase lending, dragging commodities prices lower.

Nikkei Plunges 3.8%; Edano Replaces Ozawa

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jun, 2010
New York City

The Nikkei 225 Stock Average had its biggest one-day decline of 3.7% since March 2009 in the morning session. The index fell further to 3.84% at close to 9,520.80, led by commodities and reports of less than estimated job growth in the U.S.

China Raises Property Loans Curbs

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jun, 2010
New York City

Stocks in China fell on a weakness in property developers as China tightens mortgage lending rules. Global worries also contributed to the weak sentiment after U.S. reported weaker than expected jobs data and rising worries in the euro-zone.

Grifols Agrees to Pay $3.4 Billion for Talecris

Arthi Gupta
07 Jun, 2010
New York City

Grifols and Talecris Biotherapeutics Holdings Corp. announced the signing of an agreement through which Grifols would purchase Talecris for a combination of cash and stocks for $3.4 billion or

U.S. Stocks Flat; German Orders Rise

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

U.S. stocks rose after German factory orders increased in April. European markets cautiously traded higher as investors worry about Hungary''''s fiscal health. Spain-based Grifols agrees to acquire U.S.-based Talecris for $3.4 billion in cash.