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Baker Hughes Declines; Novell, Kroger Rise

Mayank Mehta
28 May, 2010
New York City

Baker Hughes Incorporated led the decliners in the S&P 500 index with a loss of 6.6%. Ener1 agrees to joint venture with Wanxiang. Guess profit up 55%. J. Crew posts higher profit. Novell reports 28% profit gain.

ToysRUs Public Offering

Arthi Gupta
28 May, 2010
New York City

Toys ""R"" Us, Inc. announced that it has filed a preliminary registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of up to $800 million of its common stock.

European Stocks Fall; Swedish GDP Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
28 May, 2010
New York City

European stocks decline amidst concerns on U.S. economic data. Spanish Parliament approves public sector spending cuts. Swedish economic growth accelerates in the first quarter. Greece producer price inflation rises 9.8% in April.

US Indices Settle, Personal Income Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
28 May, 2010
New York City

U.S. and world stocks advanced on optimism about global economic recovery. Most Asian and European markets soared after China calmed market nerves. U.S. personal income rises 0.4% in April. Prudential seeks lower terms for AIG

Australian Stocks Rise, Santos Wins Approval

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 May, 2010
New York City

Stocks in Sydney continued their advance for the second day in a row on the global optimism and positive comments from China. Virgin Blue lowered its profit outlook but Qantas kept its estimate but cited weaker performance in international segment.

Japan Stocks Up; CPI Falls, Jobless Rate Rises

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 May, 2010
New York City

The indexes in Japan gained led by commodities, after shares surged in Europe and US after China rejected media speculation that it may lower its foreign reserve holdings in the euro-zone debt. The yen weakened.

Sensex, Rupee Rally; Tata Motor Net Doubles

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 May, 2010
New York City

Indian rupee strengthened on a global rally led by Asian stocks and improved investor risk appetite in emerging markets. The benchmark index also gained after closing at a three-month low on May 25.

3-Day Rally in HK Stocks

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 May, 2010
New York City

Hong Kong stocks advanced while Shanghai Composite Index trimmed gains and fluctuated as property stocks and banks dropped while drug-makers traded higher on the prospect of increased government spending.

Prudential Renegotiates With AIG

Arthi Gupta
28 May, 2010
New York City

British insurer Prudential Plc confirmed today that it is renegotiating with American International Group Inc. regarding purchase terms of AIG''s Asian insurance unit, American International Assurance Co. Ltd. or AIA.

U.S. Stocks Soar on Europe Worries Recede

Arthi Gupta, Mayank Mehta and Sanjay Barot
27 May, 2010
New York City

Stocks in New York and Europe soared on positive news on earnings and economic austerity measures. Spain won parliament approval to cut spending and Italy prepares to eliminate $30 billion in spending. China rejected media speculation that may divest or shift away from euro-zone debt.

European Indexes Rally on China Comments

Arthi Gupta, Mayank Mehta and Sanjay Barot
27 May, 2010
New York City

European indices rose 2% as China denied media speculation on its foreign debt holdings. Inflation in Germany increased 1.2% in May and French consumer confidence continued its downward trend in the month. Italian hourly wages increased 0.3% in April.

UK Indexes Soar; Man Group Net Falls

Arthi Gupta, Mayank Mehta and Sanjay Barot
27 May, 2010
New York City

UK stocks surged tracking gains in Europe and the U.S. after China denied media speculation that it may cut its holdings of European government bonds. U.K. retailers expect sales to fall in June. Weir Group, Mitsubishi Heavy Industries sign cooperation agreement.

Tiffany, Yahoo Gain; J&J Falls

Mayank Mehta
27 May, 2010
New York City

NetApp, Inc. led gainers in the S&P 500 index with a rise of 13.0%. Heinz fourth quarter net up 10% and sales up 8.3%. Big Lots quarterly profits rise. Costco third quarter net up 46% and comp sales up 10%. Jo-Ann Stores doubles profit.

China Refutes Foreign Debt Stance

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
27 May, 2010
New York City

China refuted media speculation that it is looking to shift away from the exposure to euro-zone debt. The statement from the People

U.S. Indexes Track Gains in Asia, Europe

Arthi Gupta, Mayank Mehta and Sanjay Barot
27 May, 2010
New York City

U.S. stocks tracked gains in Asia and Europe on positive earnings momentum and after China refuted media speculation that it is likely to stay away from the euro-zone sovereign debt. The first quarter estimate of the U.S. GDP was lowered to 3% increase and weekly jobless claims declined 14,000.

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