Feb 09, 2011 9:43 AM ET
London Stock Exchange Group Plc agreed to acquire Toronto based TMX Group for $3.2 billion. Intense competition for stock trading and heavy technology cost brought two distant exchanges together.
Feb 09, 2011 12:55 PM ET
U.S. stock are heading lower in the early trading after the Dow rallied for the seven sessions in a row. London Stock Exchange Group agreed to merge with Canada based TMX Group. Fed Chairman Bernanke said unemployment is likely to remain high for some time.
Feb 09, 2011 7:45 AM ET
European markets were on the defensive after mixed earnings in the region. PSA Peugeot Citroen said it will open a factory in India and sales rose 16% and earnings were ahead of previous estimate. LSE agreed to merge with Canada based TMX Group. Sanofi declined after it estimated lower net.
Feb 09, 2011 6:56 AM ET
Stocks in Mumbai decline for the second day more than 1% and closed down 3% in two days. The inflation worries and slower economic growth has worried foreign and domestic investors. Auto sales in January soared 26% and Maruti Suzuki sales surged 14.7% in the month.
Feb 09, 2011 6:33 AM ET
Bharat Petroleum fell 2.1% after net profit plunged 50%. Everonn Education gained 4% after net profit rose 56%. Mahindra & Mahindra surged 4% and net profit soared 57%. Reliance Infrastructure slumped 19% and Reliance Communications dropped 14%.
Feb 09, 2011 6:25 AM ET
Stocks in Japan halted a three-day rally after China hiked rates and base metal prices declined. Toyota Motor Corp gained more than 5% after it lifted earnings outlook on Asia and emerging markets sales. Real estate developers fell after Tokyo office vacancy rose.
Feb 09, 2011 6:03 AM ET
Stocks in China region declined on the first of trading after a week long holiday. Resource stocks in Hong Kong and Shanghai fell tracking lower copper and gold prices. Real estate developers fell more than 2% on the worries that future rate hikes may affect asset prices.
Feb 09, 2011 5:23 AM ET
Australian stocks were lifted after Commonwealth Bank of Australia reported higher than expected earnings and declared dividend of $1.32 a share. Construction materials maker Boral soared as much as 7% after first half net rose 28%.
Feb 08, 2011 4:02 PM ET
U.S. indexes gaine and reache highs not seen in more than two years. The Dow extended gains for a seven session in a row. McDonald’s same store sales in January 5.3%. Kindred Healthcare proposed to acquire RehabCare Group. Teva plunges 5%.
Feb 08, 2011 11:45 AM ET
UK stocks edged higher and commodities traded mixed after China hiked interest rate for the third time in five months. UK retail sales rose at the fastest pace in ten months. Premier Foods agreed to sell its canned food business for £182 million to repay debt.