Nov 13, 2009 4:15 PM ET
UK stocks traded sideways and commodities prices were volatile. Real estate companies closed higher after a private research reported a rise in commercial properties values in October. British Air signed a definitive merger agreement with Spain based Iberia. Tullett Prebon plunged 12%.
Nov 13, 2009 2:51 PM ET
Liberty Media acquires Unitymedia for €3.5 billion. John Malone controlled cable and media group will raise 2.5 billion in debt to pay for the acquisition. Apollo Management and BC Partners stand to make 40% on their investments.
Nov 13, 2009 2:08 PM ET
The Goodyear Tire & Rubber Company led gainers in the S&P 500 index with a rise of 6.7%. Abercrombie & Fitch Co declares quarterly dividend. Agilent Technologies, Inc fourth quarter earnings fall 89%. Nordstrom, Inc third quarter sales rise.
Nov 13, 2009 10:05 AM ET
U.S. trade deficit in September as demand for auto parts picks up and crude oil prices rise. Monthly deficit surges to the high for the year to $36.5 billion. Walt Disney fourth quarter earnings increased 18%. Abercrombie & Fitch net drops 39%. European markets turn lower.
Nov 13, 2009 8:43 AM ET
Mumbai stocks gained after the finance ministry enlisted sixty companies for a stake sale. Ranbaxy strengthens after the World Health Organization approves its AIDS drug. Usha Martin plans to raise Rs 500 crore. TCS plan to build a software service center in Michigan for Dow Chemical.
Nov 12, 2009 7:14 PM ET
European markets closed lower on weak commodities. Potash maker K+S AG increased on better than expected earnings. Salzgitter AG declined on a loss for nine month period. Stada Arzneimittel AG quarterly net surged and reconfirmed the annual earnings outlook.
Nov 12, 2009 6:51 PM ET
UK stocks closed higher. British Airways is in merger talks with Iberian, Spain based airliners. Iberian shareholders will control 45% of the merged airline and 54% holding will be controlled by BA shareholders. Trinity Mirror climbed on the outlook.
Nov 12, 2009 5:53 PM ET
Market indexes in New York and Americas declined on weak commodities and energy prices. 3Com surged 31% on a buyout offer from Hewlett Packard. Dow Chemical advanced after it estimated higher than expected earnings.
Nov 12, 2009 5:36 PM ET
Advanced Micro Devices, Inc led gainers in the S&P 500 index with a rise of 21.8% followed by gains in Dow Chemical 7.1%, in JDS Uniphase of 7.1%, in MetroPCS Communications, Inc of 2.4% and in Nasdaq OMX Group of 2.4%.
Nov 12, 2009 10:55 AM ET
U.S. indexes traded sideways after comments from world leaders in Asia. Chinese Premier Jiabao observed that world economic recovery will be uneven and slow. U.S. Treasury Secretary Geithner said that early progress is made in solving world economic imbalances.