Mayank Mehta
03 Nov, 2009
New York City
Banks in London traded lower after Royal Bank of Scotland and Lloyds Banking Group agreed to tighter bailout conditions in exchange of
Mayank Mehta
03 Nov, 2009
New York City
Burlington Northern Santa Fe Corporation led gainers in the S&P 500 index with a rise of 28.4%. Black & Decker surges 25% after it agrees to be acquired by Stanley Works. Banks declined after UBS reported wider than expected loss. Cognizant Technology Solutions Corp guides higher earnings.
Mayank Mehta
03 Nov, 2009
New York City
U.S. stocks wavered as banks declined after Switzerland based UBS reported wider quarterly loss. Berkshire Hathaway agreed to acquire Burlington Northern Santa Fe at 31% premium. Royal Bank of Scotland plans to sell assets to meet bailout conditions. Gold surges.
123jump.com Staff
03 Nov, 2009
New York City
Burlington Northern Santa Fe agreed to be acquired by Warren Buffett controlled Berkshire Hathaway that values the railroad operator at $44 billion. Berkshire will pay $100 a share in cash and stock, 31% premium. The deal appears to take into account higher oil prices.
123jump.com Staff
03 Nov, 2009
New York City
Australia increased its key lending rate second time by 25 basis points in as many months as the Reserve Bank focuses its attention on inflation. Treasurer Wayne Swan comments suggested that rates may rise again next year.
Mayank Mehta
02 Nov, 2009
New York City
Stocks in Tokyo are looking up. Consumer lenders are expected to trade higher on the second day after media reports suggested that the government may not tighten consumer lending rules. Daiwa Securities dropped on weaker than expected earnings.
123jump.com Staff
02 Nov, 2009
New York City
U.S. stocks closed higher on a rise in manufacturing index. Ford Motor swung to a quarterly profit. Gold and oil gained. Dean Foods dropped 8.5% after it indicated weaker than expected earnings in the fourth quarter. Stanley Works agreed to buy Black & Decker for $3.5 billion.
Mayank Mehta
02 Nov, 2009
New York City
European markets closed higher after trading lower for the last four trading sessions. Manufacturing indexes expanded in the US and UK. French auto sales increased 20.1% in October. Hugo Boss dropped 9% after it reported third quarter net down 25%. Linde AG third quarter net dropped 4.5%.
123jump.com Staff
02 Nov, 2009
New York City
UK stocks closed higher after mining and resource stocks regained some of the lost ground. UAE based ENOC agreed to acquire the remaining stake in Dragon Oil for
123jump.com Staff
02 Nov, 2009
New York City
Ford Motor Company led gainers in the S&P 500 index with a rise of 9.5%. Ford Motor Co swings to a profit in the third quarter of $997 million. Denbury Resources agreed to acquire Encore Acquisition Corp for $4.5 billion in an exchange of cash and stock.
Mayank Mehta
02 Nov, 2009
New York City
Stocks in Australia declined tracking the losses in New York and Europe. The department store chain Myer Holdings Ltd initial public offering closed 8.5% lower on the first day of its trading. NAB agreed to acquire 80% stake in the private wealth management unit of Goldman Sachs JBWere.
123jump.com Staff
02 Nov, 2009
New York City
Stocks in New York traded higher with industrials leading the gainers. CIT plunges after it files pre-arranged bankruptcy. Ford Motor reports better than expected earnings. Asian markets closed lower. In London trading, Royal Bank of Scotland declined after it prepares to sell more assets.
Mukesh Buch
31 Oct, 2009
New York City
U.S. stocks indexes dropped more than 2.5% as person income and expenditure fell in September. The decline set off a sharp fall in indexes Canada, Europe and Latin America. Crude oil and precious metals declined. CIT Group plunged 24% as it prepares for a pre-packaged bankruptcy.
123jump.com Staff
30 Oct, 2009
New York City
European markets declined on weak read on consumer confidence and a decline in U.S. consumer spending. French index closed 5% for the month and German index lost 4.6% in the month. Lufthansa loss shrank. Indesit Company SpA net profit rises despite a fall in sales.
Mayank Mehta
30 Oct, 2009
New York City
UK stocks closed lower as commodities traded sideways. Forth Ports offered positive outlook. Rolls-Royce Group wins $720 million order from Virgin Air. Aerospace and defense contractor Meggitt Plc reiterated its annual outlook.
