Sep 08, 2010 11:42 AM ET
Hewlett-Packard declined and the company sued the ex-CEO. Navistar International Inc declined more than 5% after it missed revenues estimates. Silicon Laboratories Inc dropped 10% after it lowered its revenues outlook.
Sep 08, 2010 11:16 AM ET
The UK indexes traded higher after home prices rose in August and the economy expanded at a slower pace in the quarter to August. Vodafone agreed to sell China Mobile stake for £4.3 billion. Dana Petroleum proposed to buy certain assets of Petro-Canada UK for £240 million.
Sep 08, 2010 10:47 AM ET
The European indexes gained after a successful bond auction in Portugal. Greece’s second quarter GDP shrank 3.7% from a year ago. French trade deficit widened in July and German exports fell in July. Galapagos finalized deal to acquire GlaxoSmithKline research centre in Croatia.
Sep 08, 2010 9:41 AM ET
U.S. stocks rose after concerns eased regarding European banks. BP released report on causes of Gulf of Mexico tragedy. Bristol-Myers Squibb proposed to buy ZymoGenetics for $9.75 per share. Ciena third quarter revenue surged 137%.
Sep 08, 2010 9:20 AM ET
Stocks in Mumbai fluctuated but closed higher at the end of the day. Basmati exports expected to go up due to floods in Pakistan. Gold price in Mumbai traded above record at Rs 19,000 for ten gram. Ohio State in the U.S. bans outsourcing of IT and back-office projects.
Sep 08, 2010 9:02 AM ET
Stocks in China region fell after renewed sovereign debt concerns escalated in Europe. Yanzhou Coal plans to take 51% stake in Inner Mongolia-based coal miner. M&A loans rose to touch 10 billion yuan by the end of June in Shanghai.
Sep 08, 2010 8:52 AM ET
Stocks in Japan dropped as the yen continued to rise and the Bank of Japan cited modest economic recovery. Yen traded at the high last seen since May 1995. Core machinery orders and current account surplus surged in July. Toyota recalls continue and extend to Australia.
Sep 08, 2010 8:33 AM ET
Stocks in Australia closed fractionally lower. Prime Minister Gillard commits to regional infrastructure plan worth A$800 million. Home approvals rose more than expected in July. Toyota recalls HiLux cars in Australia.
Sep 07, 2010 4:10 PM ET
U.S. stocks and sovereign bonds of peripheral European nations dropped. Resurgent economic worries in the U.S. and Europe drove the trading sentiment. Gold edged higher 0.7% and oil added 0.8%. Resource stocks in Australia fell after Labor government inched closer to form a minority government.
Sep 07, 2010 12:17 PM ET
Oracle Corp surged more than 5% after the company hired ex-CEO of Hewlett Packard. Casey’s General Stores increased 8%. China Sky One Medical Inc plunged 25% on lowered annual outlook.