Mar 21, 2011 1:31 PM ET
UK stocks soared tracking the gains in the European markets. Crude oil increased after UK and France led military attacks in Libya. Regus soared more than 15% after it estimated higher income in the current year. Jupiter Fund Management said its annual net soared six-fold.
Mar 21, 2011 12:39 PM ET
AIG released first quarter preliminary pre-tax insurance loss of $1.0 billion. AT&T agreed to acquire T-Mobile from Deutsche Telekom for $39 billion. Charles Schwab agreed to acquire optionsXpress for $1 billion in stocks. Tiffany fourth quarter net income soared to $181.2 million.
Mar 21, 2011 12:21 PM ET
European markets surged after Japan nuclear meltdown fears receded. Wireless carriers in Europe were on the upswing after Deutsche Telekom agreed to sell its U.S. unit for $39 billion. Insurance stocks increased after Swiss Re estimated $1.2 billion of losses linked to Japan quake.
Mar 21, 2011 11:01 AM ET
U.S. existing home sales rate declined 9.6% to 4.88 million and median home price fell 5.2% to $156,100. Inventory of unsold homes increased to 8.6-month supply.
Mar 21, 2011 10:21 AM ET
U.S. stocks surged after crude oil prices gained and markets in Europe and Asia advanced. AT&T gained after it agreed to acquire for $39 billion T-Mobile and Charles Schwab offered $1 billion for online options trading firm. SunTrust and KyeCorp raised $1.67 billion to repay TARP funds.
Mar 21, 2011 1:40 PM ET
Stocks in Mumbai traded lower after crude oil prices gain stoked the worries of higher inflation and prompted analysts to talk of a market correction of further 5%. Mahindra & Mahindra completed the purchase of a stake in Korean engine maker. Power Finance Corp approved $800 million offering.
Mar 21, 2011 6:32 AM ET
Stocks in Hong Kong and Shanghai increased after investors shrugged off the latest bank reserve tightening. China energy stocks gained after crude oil prices increased. Kweichow Moutai Co, China’s largest liquor maker said 2010 net rose 17%.
Mar 21, 2011 1:39 PM ET
Australian stocks traded up as resource stocks gained and Japan cited more progress in containing a nuclear reactor. Crude oil prices surged after UK and France led an attack on Libya that killed as many as 150 civilians. Lundin Mining asked shareholders to reject hostile offer from Equinox Mining.
Mar 21, 2011 2:16 PM ET
AT&T Inc agreed to acquire T-Mobile from Deutsche Telekom in a cash and stock deal for $39 billion. The deal will catapult AT&T to the largest wireless carrier in the U.S. and customers may see higher prices in less than a year. J.P. Morgan will provide $20 billion in debt financing.
Mar 18, 2011 5:25 PM ET
U.S. markets extended gains for the second day after crude oil price declined and Libya backed down and announced a cease-fire. Bank of Japan pumped $37 billion in a coordinated currency intervention with the central banks in Europe and North America. World markets gained more than 1%.