Sep 30, 2009 8:26 PM ET
Bank of America chief executive Kenneth D. Lewis offered his resignation to the board. The board has still not selected a successor. Bank of America has received three government bailout totaling $45 billion and $118 billion of asset guarantees.
Sep 30, 2009 11:24 PM ET
The three popular indexes gained around 15% in the third quarter and several European indexes closed up between 15% and 23%. Australia index surged 20% and the benchmark added 17% in India. The Shanghai index fell 6.1%. in the quarter. Gold added 8.7% in the third quarter.
Sep 30, 2009 5:03 PM ET
Bharti Airtel and MTN Group agreed to shelve their merger talks after two companies and South African government failed to agree on management structure. MTN Group stock is expected fall and rand in local trading decreased 2.5%.
Sep 30, 2009 4:44 PM ET
The benchmark index Sensex 30 close above 17,000 as investors focused on upcoming earnings season. India is facing the driest monsoon season in the last 37 years. Financial Technologies Ltd plans to raise 1,500 crore rupees. Oil India Ltd traded up 10% in its first day of trading.
Sep 30, 2009 6:17 PM ET
Austria, Ireland and Milan led the regional benchmark index gains in the third quarter. German seasonally September unemployment increased 10,000. Bayer was among the leading decliners on a brokerage downgrade and negative results of the initial trials of anti-breast cancer drug.
Sep 30, 2009 2:52 PM ET
The UK benchmark index closed lower but surged 20.8%, its best quarterly gain since 1984. The index has gained 46% since its low in March and is below 5.2% from a year ago. Marks & Spencer fell on cautious outlook. Hays dropped on regulatory fine. Man Group assets under management increased.
Sep 30, 2009 12:30 PM ET
Ameriprise surges after it agreed to acquire Columbia Asset Management from Bank of America for as much as $1.2 billon. CIT plunged 30% after it cited the possibility of bankruptcy filing. Darden Restaurants fell after quarterly sales declined. Hoku Scientific soared on China investment.
Sep 29, 2009 7:57 PM ET
Japan stocks are likely to trade weak as the yen hovers near its high for the year. Consumer price index decreased in August from a year ago. The comment from Finance Minister on strong yen policy failed to sway the market sentiment. Tokyo Motor Show is scheduled to open with record low exhibitors.
Sep 29, 2009 7:17 PM ET
Australia reported lower budget deficit for the year ending in June. The deficit announcement lifted banks and retail stocks. Australian dollar closed at 87 U.S. cents.
Sep 29, 2009 6:57 PM ET
The Federal Deposit Insurance Corp is seeking prepayment of next three years of premiums and raise the cost of insurance by three basis points as lawmakers resist yet another bailout of the banking industry. The $22 billion fund is insuring $4 trillion of bank deposits.