Oct 13, 2009 6:55 PM ET
Cisco Systems agreed to acquire mobile data communication infrastructure provider Starent Networks Corp. Cisco agreed to pay 20.6% to premium to yesterday’s closing price of $35 a share or $2.9 billion. Starent is the second major acquisition for Cisco after the purchase of Norway based Tandberg AS.
Oct 13, 2009 8:57 AM ET
In early trading in New York stocks are expected to open higher but may face headwind as commodities prices stay firm. Gold reached a new intra-day high and silver, platinum and palladium advance. Crude oil edged up.
Oct 12, 2009 6:49 PM ET
India received lukewarm response to its latest round oil exploration block auction as world financial crisis limit access to funding. Of the 70 blocks offered, 36 blocks received 76 bids. In the previous seven rounds of auction India attracted $10 billion in exploration investment.
Oct 12, 2009 6:23 PM ET
Stocks in Australia are expected to trade lower in the early trading. Gold, copper and oil edged higher as expectations for global economic recovery remain high. BHP Billiton offered to explore three offshore oil fields in India. Packer increases his stake in Crown Limited.
Oct 12, 2009 5:23 PM ET
Markets in New York and Europe traded higher ahead of barrage of earnings this week and weak trading on Columbus Day. Black & Decker surged after it lifted its third quarter earnings outlook. Markets in Canada, Brazil and Japan were closed today.
Oct 12, 2009 4:12 PM ET
European markets closed higher as a rally in the region lifted tech and banking stocks. Philips NV reported better than expected earnings. Vivendi SA sued two French shareholders and an association for participating in a class action lawsuit in New York. Dollar trades weak against euro.
Oct 12, 2009 3:10 PM ET
Barclays is planning to sell its risky loans portfolio that may raise £4 billion. Qatar increases its stake in Songbird Estate that owns Canary Wharf real estate. Vodafone shifted its ADR traded in the U.S. to Nasdaq Group from NYSE Euronext.
Oct 12, 2009 1:12 PM ET
The Black and Decker Corporation led gainers in the S&P 500 index with a rise of 8.1%. Fastenal Co third quarter net income falls 35%. Digital River plunged after Symantec said it will not extend its e-commerce contract. Blackstone Group surged after it plans to list eight portfolio companies.
Oct 12, 2009 11:03 AM ET
Stocks in Mumbai advanced after Prime Minister reassured investors that economic stimulus will continue. Indiabulls Power initial public offering was oversubscribed five times. Rupee edged higher as international investors increase net exposure to stocks.
Oct 12, 2009 10:25 AM ET
Stocks in early trading in New York extended gains in Europe. Asian markets closed lower. The dollar hovered near low against the yen and the euro for the year. Gold, silver, copper, oil and natural gas edged higher. Electronics maker Philips N.V. reported earnings that surprised European investors.