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Market Update

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.

Corning Q1 2010 Earnings Call Transcript

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

Sales rose 57% to $1.55 billion and net income rose 5,728% to $816 million or 52 cents a share. . Quarter one gross margin was 47%, up from 42% in Q4 and 27% a year-ago. Effective tax rate was 2% in Q1 versus our expectation of 10%.

Dow Down 3.2%; Euro 4-Year Low

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

U.S. indexes plunged after a disappointing jobs data and weakness in the euro. The latest U.S. employment data showed weak private sector additions. The euro dropped to a four-year low after negative comments from Hungarian officials.

FTSE Declines; BP Recovers Gulf Oil

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

UK indexes fall on U.S. jobs data and comments from Hungarian officials. UK house prices drop 0.4% month-on-month in May. easyJet unveils ash detector to end large-scale disruption.

SunTrust Declines; Quiksilver, Krispy Krem Rise

Mayank Mehta
04 Jun, 2010
New York City

Jacobs Engineering Group Inc. led the decliners in the S&P 500 index with a loss of 4.4%. Krispy Kreme quarterly profit surges. Quiksilver quarterly profit rises and sales decline. Hovnanian shares slip on order and revenue worries.

Hungarian Worries Drag European Indices 2%

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

European stocks trade lower after disappointing jobs data from the U.S. and talks of a sovereign debt crisis in Hungary. The euro declined after comments from Hungarian officials. Euro-zone GDP expands 0.2% in the first quarter ending in March.

Forint Declines in Hungary on Comments

Arthi Gupta
04 Jun, 2010
New York City

Hungarian officials said the country''s budget was in ""much worse"" condition than the previous government had stated, raising new fears about sovereign debt burdens in Europe.

U.S. Markets Track Losses in Europe

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

U.S. stocks fall after employment increases by 431,000 and unemployment rate declined to 9.7% in May on census jobs. The euro declined after comments from Hungarian officials. Finance ministers of G-20 nations meet in Korea to determine new capital requirements for banks.

Property Worries Hover China Sentiment

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

Baoshan Iron & Steel Co, China

India Deregulates Natural Gas Market

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

The Reserve Bank of India needs to consider the credit crunch created after payment of license fees for 3G phone services drained cash from the system, said Kaushik Basu, Chief Economic Advisor in the finance ministry.

Iron Ore Prices to Rise; Australia Trade Surplus

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

Australia

Resource Stocks in Australia Decline

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

Australian dollar fell after rising for two days as metal prices weakened. It traded at 84.60 U.S. cents at the end of the day in Sydney.

Japan Elects Naoto Kan as New Premier

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

Japan elected fifth prime minister in four years. The political turmoil gripped the administration of Prime Minister Yukio Hatomaya after he failed to deliver on several campaign promises and lost support of his party and coalition partners.