Jun 29, 2009 4:58 PM ET
Global markets closed higher as the rising commodities prices lifted resource stocks. Crude oil traded above $71 a barrel and copper rebounded. Disgraced former chairman of Nasdaq Bernard Madoff was sentenced to 150 years in jail. The U.S. has been at the center of largest crimes against investors.
Jun 29, 2009 3:47 PM ET
European stocks closed higher as confidence increased on optimistic outlook for the regional economy. Celesio acquired controlling stake in the largest Brazilian drug wholesaler. Lafarge and other cement makers increased after a German court lowered the antitrust fine.
Jun 29, 2009 2:44 PM ET
UK stocks closed higher in weak trading. Gross mortgages issued in May matched the lows last seen in 2000 at £10.6 billion as lenders issued 43,191 loans. On earnings, the online retailer declined 5% and Airsprung Furniture surged 90%. Rolls Royce acquired 33% of Norway based Odim.
Jun 29, 2009 12:15 PM ET
SLM Corp led gainers in the S&P 500 index with a rise of 6.2%. Alcoa Inc continues penetration in oil and gas market. Biogen Idec Inc reports tent case of brain infection. Oil companies traded higher as crude oil price climbed.
Jun 29, 2009 11:32 AM ET
The Bank for International Settlements that holds reserves of its central bank members highlighted risks of inflation as banks may be slow in withdrawing stimulus to the economies around the world.
Jun 29, 2009 4:30 PM ET
Teppco agreed to be acquired by Enterprise Products Partners to create one of the largest energy in the mid-stream segment of the market. The revised offer values each unit of Teppco at $31.36. The deal creates one of the largest and healthy partnerships to transport crude oil and natural gas.
Jun 29, 2009 4:29 PM ET
Tokyo benchmark index fell 1% Daiwa Securities planned to raise $2.4 billion and Mizuho Financial Group plans to raise $6.2 billion. The industrial production index in May increased 5.9% in Japan. Shipping lines, brokerages and real estate companies led the decliners.
Jun 29, 2009 8:08 AM ET
Mumbai stocks traded sideways. Tata Motors dropped after it reported annual net loss. Suzlon net declined 10% and plans to raise $1 billion. Mahindra Holidays & Resorts IPO was oversubscribed ten times.
Jun 28, 2009 12:11 PM ET
The software maker sales decreased 5% to $6.86 billion in the quarter. Net quarterly income declined 7% to $1.89 billion impacted by a stronger dollar and lower sales. Earnings per share dipped marginally to 38 cents from 39 cents a year-ago quarter.
Jun 27, 2009 5:27 PM ET
The BlackBerry maker first quarter revenue jumped 53% to $3.42 billion helped by strong sales of smartphones. Net income rose 33% to $643 million. Earnings per share were $1.12 as compared to $0.84 a year ago.