Nigel Thomas
17 Aug, 2010
New York City
U.S. stocks advanced after unsolicited $39 billion merger proposal from BHP Billiton for Potash Corp and Pactiv Corp agreed to a buyout of $6 billion. Positive earnings from Home Depot, Wal-Mart and the TJX Companies lifted sentiment. European markets traded higher and Asian markets closed mixed.
Bikram Pandey
17 Aug, 2010
New York City
U.S. stocks edged higher after industrials and technology stocks led the gainers. Larger-than-expected increase in industrial production lifted energy and resource producers and steelmakers. Pactiv Corp rose 5% after it agreed to a buyout. Potash Corp gained after BHP Billiton offered $130 a share.
123jump.com Staff
17 Aug, 2010
New York City
The Chinese search engine said total revenues surged 74.4% to RMB 1.914 billion in the second quarter. Net quarterly income soared 118.5% to RMB 837.4 million helped by a significant growth in revenue and healthy margin improvements. Earnings per ADS increased to RMB 2.40 from RMB 1.10 a year ago.
Arthi Gupta
17 Aug, 2010
New York City
The UK indexes climbed after a rise in mining and banking stocks. The BoE Governor Mervyn King warned inflation to remain above 2% till 2011. RBS agreed to sell
Arthi Gupta
17 Aug, 2010
New York City
The European indexes gained on positive earnings. China holdings in U.S. Treasury notes fell for the second month. Euro-zone current account deficit narrowed in June. German economic sentiment fell. Aegon agreed to repay
Arthi Gupta
17 Aug, 2010
New York City
U.S. stocks rose on better-than-estimated earnings from Wal-Mart and Home Depot. Producer Prices rose 0.2% and housing starts increased 1.7% in July but homebuilder confidence fell in August. Potash Corp. board rejected BHP Billiton''s $130 per share proposal.
Chandrasekhar Atreya
17 Aug, 2010
New York City
Stocks in Mumbai closed nearly flat after fluctuating through the day. Exports in July grew at the slowest pace in six months and trade deficit widened to $13 billion. Sakthi Sugar will export sugar to Pakistan through Paris-based Sucden.
Chandrasekhar Atreya
17 Aug, 2010
New York City
Stocks in China gained for the third day after Shanghai industrial production expanded at 23.7% and international investments increased 20% in the first seven months. China cut is U.S. Treasury debt holdings. Overseas mergers and acquisitions by China based companies in first half surged 50%.
Chandrasekhar Atreya
17 Aug, 2010
New York City
Stocks in Japan fell further dropping below the lows of July 1. Prime Minister contemplates additional stimulus. Kawasaki Kisen orders seven new midsize cargo vessels. The government plans to build new jumbo nuclear reactors and also look for exports sales.
Chandrasekhar Atreya
17 Aug, 2010
New York City
Stocks in Australia rallied on earnings optimism. RBA said it is comfortable with its interest rate policy as economic growth and inflation are within its target range. Coal Exports from Newcastle Port drops in the week ended August 16. Woodside discovers two new offshore gas fields.
123jump.com Staff
16 Aug, 2010
New York City
U.S. stocks traded sideways and gold rose after Japan reported slower than expected economic expansion in the latest quarter. Education stocks plunge. Euro-zone inflation rose to 1.7% in July and rating agency turned negative on the banking system in Slovakia. UK home prices edge lower.
123jump.com Staff
16 Aug, 2010
New York City
U.S. stocks traded sideways and private education providers dropped sharply after the U.S. Department Education raised loan repayment concerns. Capella, ITT Educational Services, Corinthian Colleges and Strayer Education Inc plunged more than 15%.
Arthi Gupta
16 Aug, 2010
New York City
The UK indexes fall tracking losses in energy stocks. The UK commercial property price growth slackens in July and home prices drop 1.7% in August. Aviva confirmed rejection of RSA
Arthi Gupta
16 Aug, 2010
New York City
The European indexes declined after a fall in financial stocks. Euro-zone inflation rose 1.7% in July. Moody''s rated negative outlook for Slovakia''s banking system and industrial new order growth eased in June. Italy current account deficit narrowed in June.
Arthi Gupta
16 Aug, 2010
New York City
U.S. stock trade lower after Japan reported second quarter GDP expanded at 0.1%. China, now the second largest economy in the world after Japan recorded smaller GDP in the second quarter. Dell agreed to buy 3PAR for $1.15 billion. Lowe''s earnings rose 9.6% but lowers forecast.
