Mayank Mehta
16 Sep, 2009
New York City
LSE agreed to acquire Sri Lanka based MillenniumIT for $30 million as it lags the smaller and focused rivals to bridge technology gap. The Sri Lanka based group is well known for its exchange processing applications and may prove to be the smartest move by the LSE chief Rolet.
Mayank Mehta
16 Sep, 2009
New York City
UK stocks gain for the fourth days in a row as commodities rise and US markets closed higher. Tullow Oil advanced after the company and its partners discover a natural gas field off the coast of Sierra Leone. Miners rally on higher copper and god prices.
123jump.com Staff
16 Sep, 2009
New York City
Stocks in Japan lost early momentum after global markets edged higher. Banks fell sharply after the new nominee of FSA chief indicated his desire to seek loan moratorium for small and mid-sized businesses. Exporters gained and yen strengthened against dollar.
123jump.com Staff
16 Sep, 2009
New York City
The racially motivated attacks against Indian students continue as the latest violence hurt four Indian nationals. At least five people were involved in the incidence and as many as 15 watched while the attacks were carried out. Callers to Indian media are urging students to fight back.
123jump.com Staff
16 Sep, 2009
New York City
Australia
Mukesh Buch
16 Sep, 2009
New York City
U.S. stocks showed lot of vigor after the release of inflation and industrial production data. Gold closed to a new high as dollar edged lower to a new low for the year. Market indexes that track world and emerging markets reached to highs of the year.
Mayank Mehta
16 Sep, 2009
New York City
Mumbai stocks gained as markets in Asia rallied on the back of gains in the US and Europe. Commodities and infrastructure related companies led the gainers. Banks also increased on the expectations of higher earnings. Pipavav Shipyard IPO was oversubscribed in the first hour of subscription period.
Mayank Mehta
16 Sep, 2009
New York City
Healthcare insurers increased after US lawmakers proposed healthcare bill without the public option. Anadarko Petroleum increased after it made a discovery of natural gas field off the coast of Sierra Leone. Omniture, Inc surged on merger agreement with Adobe. Hi-Shear Technologies soars 58%.
123jump.com Staff
16 Sep, 2009
New York City
U.S. stocks gained after latest measured inflation data suggested that price increases are contained. UK unemployment increased to 7.9%, highest since November 1996. Chinese companies are expected to expand overseas investment in mining and energy companies.
123jump.com Staff
16 Sep, 2009
New York City
Adobe agreed to acquire the Internet traffic analysis software and services provider Omniture to diversify its product offering and increase forestall sagging sales. The offer is 45% premium to the average price of last thirty trading days.
123jump.com Staff
15 Sep, 2009
New York City
Australian retail stocks edged higher after the latest minutes of meetings from the RBA suggested that rates may not be raised at the next meeting. Harvey Norman, David Jones and JB Hi-Fi Ltd increased.
Mayank Mehta
15 Sep, 2009
New York City
Jindal Steel & Power Ltd plans to offer a stake in its power subsidiary that may raise more than $900 million. Stocks surged after Bank of India paid additional advance taxes indicating higher earnings.
123jump.com Staff
15 Sep, 2009
New York City
U.S. stocks closed higher after the release of better than expected retail sales data and comments from the Fed Chairman Bernanke. The chairman suggested that deepest recession in nearly eight decades has likely ended but job market recovery will be slow.
123jump.com Staff
15 Sep, 2009
New York City
The August read of German investor confidence index increased. PSA Peugeot increased after it revised its loss estimate lower. Michelin & Cie increased after its chief executive offered positive earnings outlook on lower raw materials costs.
Mayank Mehta
15 Sep, 2009
New York City
UK stocks edged higher and the pound declined after comments from the Bank of England Governor King. The central bank may lower the rates paid to banks on the deposits. BAE Systems will eliminate 1,116 jobs in the UK and close a plant in the northern UK.
