Mukesh Buch
29 Sep, 2009
New York City
World markets decreased as investors worry about the pace of economic recovery. FDIC plans to collect premiums from banks in advance to cover the shortfall. Tech and real estate stocks led the decliners in New York. European markets closed lower on weak steel stocks.
Mayank Mehta
29 Sep, 2009
New York City
European stocks traded mixed as investors digested mixed economic reports. TUI AG will offer additional loans to the troubled Hapag-Lloyd AG. Steelmakers declined after Salzgitter launched bond offering. ArcelorMittal made cautions remarks regarding economic recovery.
Mayank Mehta
29 Sep, 2009
New York City
UK second quarter GDP was revised to a decrease of 0.6% from the first quarter or 5.5% annual rate decline. The previous estimate was 0.7% fall. TUI Travel on track and raises
Mayank Mehta
29 Sep, 2009
New York City
The financial guarantee provider MBIA Inc led decliners in New York trading. Media companies gained after Gannett estimated higher adjusted earnings. Walgreen Company surged on better than expected earnings. Polo Ralph Lauren gained on a broker recommendation.
Mayank Mehta
29 Sep, 2009
New York City
International investors increased their net exposure to India stocks by $11 billion, surpassing the record increase last year. Tata Consultancy estimated 20% increase in sales. Pantaloon Retail rises on better than expected results. Abbott India and Solvay Pharma surge. Rupee edges lower.
123jump.com Staff
29 Sep, 2009
New York City
World markets edged higher as markets in the developed nations firmed. Asian markets advanced on the expectations of better earnings and European markets gained on rising confidence and merger activities. The U.S. metropolitan home prices decline slowed.
123jump.com Staff
28 Sep, 2009
New York City
Stocks in Japan are expected to open higher after a rally in New York and Europe on mergers worth $13 billion. Exporter, auto and shipping companies fell on strong yen. Mitsui O.S.K estimated sharply higher loss for the first six months.
123jump.com Staff
28 Sep, 2009
New York City
Abbott agreed to pay
123jump.com Staff
28 Sep, 2009
New York City
Australian stocks declined after the G-20 meeting failed to declare any new measures to sustain the global economic recovery. Nufarm Limited led gainers after it entered in talks with China based Sinochem that may lead to a takeover. Retailers closed mixed and banks edged lower.
123jump.com Staff
28 Sep, 2009
New York City
German voters returned Angela Merkel led CDU/CSU party with the highest share of votes as the SPD takes a beating. Merkel led parties also reported their worst showing in sixty years. Solar stocks fell on the worries that the government subsidies may be trimmed but nuclear power utilities gained.
123jump.com Staff
28 Sep, 2009
New York City
The election results of federal parliament of Germany, Bundestag handed victory to a coalition led by Chancellor Angela Merkel. CDU/CSU party returns to power with the lowest share of votes as voters drift to smaller parties and reject in droves the SPD message.
Mukesh Buch
28 Sep, 2009
New York City
Stocks in New York trading gained as merger activities pick up. European markets closed higher after ruling party coalition succeed in regaining its majority. In commodities trading silver and sugar traded near their highs.
Mayank Mehta
28 Sep, 2009
New York City
UK stocks closed higher after home prices increased in September and rental contracts advanced in the three months. Home builders gained. Wolseley surged after the retailer guided positive earnings outlook. The online casino 888 Holdings signs joint venture with a South Africa based casino.
Mayank Mehta
28 Sep, 2009
New York City
Affiliated Computer Services led gainers with a rise of 16.4% after Xerox offered 34% premium. Xerox led the decliners. Abbott increased on a purchase of Solvay SA pharma business. Gander Mountain surged 34% after it agreed to go private. Pomeroy IT Solutions acquired by Platinum Equity.
123jump.com Staff
28 Sep, 2009
New York City
Stocks in early trading surged after two merger deals. Xerox agreed to pay $6.4 billion for government services outsourcing company Affiliated Computer Services. Abbott agreed to pay $6.6 billion to acquire pharmaceutical business of Belgium based Solvay SA. German election returns ruling coalition.
