Nov 03, 2009 1:02 PM ET
Banks in London traded lower after Royal Bank of Scotland and Lloyds Banking Group agreed to tighter bailout conditions in exchange of £31 billion.
Nov 03, 2009 5:04 PM ET
Burlington Northern Santa Fe Corporation led gainers in the S&P 500 index with a rise of 28.4%. Black & Decker surges 25% after it agrees to be acquired by Stanley Works. Banks declined after UBS reported wider than expected loss. Cognizant Technology Solutions Corp guides higher earnings.
Nov 03, 2009 11:07 AM ET
U.S. stocks wavered as banks declined after Switzerland based UBS reported wider quarterly loss. Berkshire Hathaway agreed to acquire Burlington Northern Santa Fe at 31% premium. Royal Bank of Scotland plans to sell assets to meet bailout conditions. Gold surges.
Nov 03, 2009 10:28 AM ET
Burlington Northern Santa Fe agreed to be acquired by Warren Buffett controlled Berkshire Hathaway that values the railroad operator at $44 billion. Berkshire will pay $100 a share in cash and stock, 31% premium. The deal appears to take into account higher oil prices.
Nov 03, 2009 8:57 AM ET
Australia increased its key lending rate second time by 25 basis points in as many months as the Reserve Bank focuses its attention on inflation. Treasurer Wayne Swan comments suggested that rates may rise again next year.
Nov 02, 2009 6:31 PM ET
Stocks in Tokyo are looking up. Consumer lenders are expected to trade higher on the second day after media reports suggested that the government may not tighten consumer lending rules. Daiwa Securities dropped on weaker than expected earnings.
Nov 02, 2009 6:08 PM ET
U.S. stocks closed higher on a rise in manufacturing index. Ford Motor swung to a quarterly profit. Gold and oil gained. Dean Foods dropped 8.5% after it indicated weaker than expected earnings in the fourth quarter. Stanley Works agreed to buy Black & Decker for $3.5 billion.
Nov 02, 2009 4:01 PM ET
European markets closed higher after trading lower for the last four trading sessions. Manufacturing indexes expanded in the US and UK. French auto sales increased 20.1% in October. Hugo Boss dropped 9% after it reported third quarter net down 25%. Linde AG third quarter net dropped 4.5%.
Nov 02, 2009 1:31 PM ET
UK stocks closed higher after mining and resource stocks regained some of the lost ground. UAE based ENOC agreed to acquire the remaining stake in Dragon Oil for £1.1 billion. UK manufacturing expanded in October. Allied Irish plc and Royal Bank of Scotland fell on the worries of asset sale.
Nov 02, 2009 12:03 PM ET
Ford Motor Company led gainers in the S&P 500 index with a rise of 9.5%. Ford Motor Co swings to a profit in the third quarter of $997 million. Denbury Resources agreed to acquire Encore Acquisition Corp for $4.5 billion in an exchange of cash and stock.