Dec 15, 2010 6:02 AM ET
Cubist Pharmaceuticals, estimates net revenue between $634 million to $640 million. General Electric sees earnings growth and higher demand for its industrial products. Joy Global fourth quarter net sales grew 9% to $1.05 billion.
Dec 16, 2010 5:38 AM ET
China region key stock indexes drop on inflation concerns. China’s U.S. Treasury holding increased 2.6% to a record $906.8 billion in November. Chingqing Rural Commercial Bank gains 4.6% on its first day of trading in Hong Kong.
Dec 16, 2010 5:27 AM ET
Tokyo stocks stayed flat amid softer yen and debt worries from Europe. United States pledged to work closely with Japan and Europe for new sources of rare earth supplies. Bank of Japan started its new asset purchase program with 14 trillion yen exchange traded fund purchase.
Dec 16, 2010 4:59 AM ET
Australian stocks edged higher as commodities rise in Asia. Rio Tinto sells major portion of its U.S coal assets for $2 billion. Australian lawmakers are still not convinced that the merger between Singapore Exchange and ASX Ltd is in the best interest of the country.
Dec 16, 2010 5:42 AM ET
U.S. stocks fell after mortgage activities and refinancing declined but inflation rose as the yields on bonds increased. Visa Inc and MasterCard Inc fell more than 2% after Canada’s competition watchdog said that the companies practice “anti-competitive” policies.
Dec 15, 2010 10:32 AM ET
The UK indexes dropped after banking stocks fell. The UK retail sales and unemployment rate rose. U.S.-based Simon Property raised bid offer to about £3 billion for CSC. Old Mutual contemplated selling US Life operations to affiliates of Harbinger Capital.
Dec 15, 2010 10:01 AM ET
The European indexes slid after Moody’s warned Spain of possible credit rating downgrade. Greece strike paralyzed normal life. Sweden hiked key rate to 1.25%. Novartis took full ownership of Alcon in $12.9 billion agreement. X5 Retail completed acquisition of Kopeyka.
Dec 15, 2010 9:58 AM ET
U.S. stocks fell after mortgage refinancing declined but inflation rose. The U.S. Senate voted in favor of a bill to extend the Bush-era tax cuts. HP inked $1.4 billion infrastructure technology outsourcing contract with E.ON. Simon Property raised bid offer to £3 billion for UK-based CSC.
Dec 15, 2010 6:48 AM ET
Oil refiners and marketers rose after a retail price increase. Manganese Ore Limited surges on its first day of trading. Reliance Communications struck deal with China Development Bank for $1.93 billion. Ambalal Sarabhai Enterprises Ltd faces delisting.
Dec 15, 2010 6:15 AM ET
Mumbai stocks declined after oil companies raised fuel prices. Lanco Infratech acquires Griffin Coal of Australia. Manganese Ore India Ltd surged 51% on its first day of trading. Anil Dhirubhai Ambani Group companies finalize $3 billion of loans with Chinese banks.