Sep 17, 2009 11:03 AM ET
AMR Corp, the parent of American Airlines surges after it arranges $2.9 billion in financing. This liquidity is in addition to the $1.3 billion capital raised earlier in the year. American Air will also upgrade American Eagle flight cabins and increase daily flights and capacity at its four hubs.
Sep 17, 2009 10:47 AM ET
Home builders edged higher after the release of home construction data. Weekly jobless claims declined 12,000 to 545,000 at the end of last week. AMR Corp raised $1 billion through credit card sale and $1.9 billion in plane lease financing.
Sep 16, 2009 9:38 PM ET
European markets closed lower as banks and financials faced headwinds. Miners and commodities linked stocks gained in Germany and in UK. German retailers report weak sales in the seven months to July. Adidas and Puma gained. Areva increased after it completed 7-year bond offering.
Sep 16, 2009 9:17 PM ET
LSE agreed to acquire Sri Lanka based MillenniumIT for $30 million as it lags the smaller and focused rivals to bridge technology gap. The Sri Lanka based group is well known for its exchange processing applications and may prove to be the smartest move by the LSE chief Rolet.
Sep 16, 2009 8:58 PM ET
UK stocks gain for the fourth days in a row as commodities rise and US markets closed higher. Tullow Oil advanced after the company and its partners discover a natural gas field off the coast of Sierra Leone. Miners rally on higher copper and god prices.
Sep 16, 2009 8:11 PM ET
Stocks in Japan lost early momentum after global markets edged higher. Banks fell sharply after the new nominee of FSA chief indicated his desire to seek loan moratorium for small and mid-sized businesses. Exporters gained and yen strengthened against dollar.
Sep 16, 2009 7:00 PM ET
The racially motivated attacks against Indian students continue as the latest violence hurt four Indian nationals. At least five people were involved in the incidence and as many as 15 watched while the attacks were carried out. Callers to Indian media are urging students to fight back.
Sep 16, 2009 6:47 PM ET
Australia’s leading economic indicator index increased in July as home construction approval rises. BHP Billiton workers union leaders meet to discuss the latest 51% increase in the chief executive pay. Commodites and stocks rallied after global markets gain. Australian dollar reach a 13-month high.
Sep 16, 2009 5:33 PM ET
U.S. stocks showed lot of vigor after the release of inflation and industrial production data. Gold closed to a new high as dollar edged lower to a new low for the year. Market indexes that track world and emerging markets reached to highs of the year.
Sep 16, 2009 2:55 PM ET
Mumbai stocks gained as markets in Asia rallied on the back of gains in the US and Europe. Commodities and infrastructure related companies led the gainers. Banks also increased on the expectations of higher earnings. Pipavav Shipyard IPO was oversubscribed in the first hour of subscription period.