May 24, 2010 5:09 PM ET
Stocks in New York trading declined on the fears of fiscal and financial crisis in the euro-zone. Traders overlooked the rise in existing home sales in April increase 7.6% to 5.77 million, the best in five months. Investors ignored the sharp gains in China and Australia.
May 24, 2010 12:33 PM ET
U.K. Chancellor of the Exchequer George Osborne today detailed a £6.25 billion spending reduction plan for this year that aims to slash a record deficit without affecting the quality of the key frontline services.
May 24, 2010 12:29 PM ET
North Miami-based investment trust, Equity One has agreed to acquire Capital & Counties, the US unit of Capital Shopping Centers Group Plc through a $600 million joint venture transaction.
May 24, 2010 12:27 PM ET
Gentiva Healthcare Services agrees to acquire Odyssey Healthcare in an all cash transaction of $1 billion to provide a leading hospice and healthcare company.
May 24, 2010 12:21 PM ET
U.K. stocks decline amidst concerns about the euro-zone debt crisis. U.K. Chancellor plans £ 6.2 billion spending cuts. Standard Chartered aims to raise as much as £406 million through the bank''s first share listing in India.
May 24, 2010 11:48 AM ET
Sprint Nextel Corporation led gainers in the S&P 500 index with a rise of 5.3%. Campbell Soup profit dips in recent quarter. DreamWorks Animation SKG Inc dropped as much as 14% after the latest movie reported lower than expected weekend revenues.
May 24, 2010 11:31 AM ET
The European markets fell on lingering concerns that the bailout package may not contain the deepening financial and fiscal crisis. Bank of Spain takes forced to take over a regional savings bank CajaSur. U.K. Chancellor proposes £6.2 billion in spending cuts.
May 24, 2010 10:33 AM ET
U.S. stocks fall amid worries about European debt and high fiscal debt in Europe. Gentiva Health Services agrees to acquire Odyssey HealthCare for $1 billion. Equity One to buy Capital And Counties USA through $600 million joint venture deal. AT&T sells its Sterling Commerce to IBM for $1.4 billion.
May 24, 2010 9:49 AM ET
Market indexes in Shanghai,Hong Kong surge on the recovering global optimism. Strategic talks between China and US begin in Beijing today as China resists pressure to revalue the yuan. Second land auction in Hong Kong fetches below estimated price. New home prices drops 16% in the week ended May 23.
May 24, 2010 9:44 AM ET
The stocks in Tokyo traded sideways and closed lower as global economic worries persisted. Cabinet office noted in its monthly report that the economy is steady though not in the self-sustaining mode. China based Shangdong Ruyi Group agreed to acquire 40% stake in in the apparel maker Renown Inc.