Sep 28, 2009 6:38 PM ET
The election results of federal parliament of Germany, Bundestag handed victory to a coalition led by Chancellor Angela Merkel. CDU/CSU party returns to power with the lowest share of votes as voters drift to smaller parties and reject in droves the SPD message.
Sep 28, 2009 7:26 PM ET
Stocks in New York trading gained as merger activities pick up. European markets closed higher after ruling party coalition succeed in regaining its majority. In commodities trading silver and sugar traded near their highs.
Sep 28, 2009 2:19 PM ET
UK stocks closed higher after home prices increased in September and rental contracts advanced in the three months. Home builders gained. Wolseley surged after the retailer guided positive earnings outlook. The online casino 888 Holdings signs joint venture with a South Africa based casino.
Sep 28, 2009 12:02 PM ET
Affiliated Computer Services led gainers with a rise of 16.4% after Xerox offered 34% premium. Xerox led the decliners. Abbott increased on a purchase of Solvay SA pharma business. Gander Mountain surged 34% after it agreed to go private. Pomeroy IT Solutions acquired by Platinum Equity.
Sep 28, 2009 7:22 PM ET
Stocks in early trading surged after two merger deals. Xerox agreed to pay $6.4 billion for government services outsourcing company Affiliated Computer Services. Abbott agreed to pay $6.6 billion to acquire pharmaceutical business of Belgium based Solvay SA. German election returns ruling coalition.
Sep 28, 2009 10:33 AM ET
Xerox agreed to acquire Affiliated Computer Services, Inc for $6.4 billion in cash, stock and debt. The expensive deal will position Xerox as one of the largest government contract and business outsourcing companies.
Sep 25, 2009 5:04 PM ET
Weak durable goods orders and new home sales hovered the trading sentiment in stocks, bonds and commodities trading in New York. Industrial, retailers and resource stocks declined with GE, Alcoa, Wal-Mart and MasterCard leading the losers.
Sep 25, 2009 4:14 PM ET
Stocks in Mumbai declined led by resource stocks and IT outsourcing companies. Jet Airways board approved $400 million offering. Dr Reddy’s Laboratories increased on higher volume. Swaraj Engines Ltd surged on stake exchange talks.
Sep 25, 2009 1:29 PM ET
European stocks closed lower as investors prepare for the earnings season in two weeks. Club Med surges on media speculation of an impending buyout offer. EADS is looking for extra €800 million greener and faster planes. Groupe Flo increased after raised €20 million.
Sep 25, 2009 1:05 PM ET
Unilever Plc proposed to acquire Sara Lee global body care and European detergent business for €1.3 billion. Euromoney Institutional Investor Plc increased after it lifted its earnings outlook. Luminar Group fell after company said it will miss earnings outlook.