Apr 06, 2011 12:17 PM ET
Cephalon rejects unsolicited offer from Valeant Pharmaceuticals. DISH Network won auction for Blockbuster, Inc. valued $320 million. Genpact agreed to acquire Headstrong Corp for cash of $550 million. Monsanto second quarter net income surged 25% to $1.0 billion.
Apr 06, 2011 10:27 AM ET
U.S. stocks traded higher on economic optimism and robust merger activities. Resources linked stocks led the gainers after precious metals and crude oil advanced and the dollar weakened.
Apr 06, 2011 9:42 AM ET
European markets traded higher on the eve of rate decision tomorrow. Portugal completed the sale of 1 billion euros bonds at a yield of 5.9%. Switzerland inflation accelerated and German factory orders increased at a faster pace in February.
Apr 06, 2011 7:15 AM ET
Trading sentiment in Mumbai turned sour after stocks gained nine of last twelve trading sessions. Inflation worries stoked the speculation of another rate hike on a rate decision meeting on May 3. Talwalkars plans to open 100 health clubs at a cost of $20 million. NTPC fourth quarter net soared 24%.
Apr 06, 2011 6:43 AM ET
Stocks in Tokyo declined for the second day this week as investors focused on the mounting production losses. Manufacturers are not able to take advantage of the lower yen. Automakers and trading companies were among the most actively traded stocks.
Apr 06, 2011 6:04 AM ET
Australian stocks edged higher as resource stocks gained. Xstrata confirmed the thermal coal contract with a Japanese utility at 8% higher price. Bras N Things, the lingerie retailer postponed its public offering. Record price in gold and silver lifted miners of precious metals.
Apr 05, 2011 4:15 PM ET
U.S. stocks struggle as the U.S. lawmakers and President Obama haggle over 2011 budget cuts as the government shutdown looms. Fed officials appear divided in its latest meeting about the bond purchase program and noted underlying inflation remained subdued.
Apr 05, 2011 1:55 PM ET
Diamond Foods agreed to acquire Pringles unit of P&G for $2.35 billion. KB Home first quarter revenues declined 25% and net loss widened to $114.5 million. Texas Instruments agreed to acquire National Semiconductor for $25 a share. Walgreen same store sales rose 3% in March.
Apr 05, 2011 11:35 AM ET
UK stocks edged lower as investors focused on rising debt stress in Europe. Amlin Plc estimated claims linked to Japan, Australia and New Zealand of £275 million. Vedanta Resources gained after it inched closer to acquiring Cairn India stake.
Apr 05, 2011 11:55 AM ET
U.S. stocks edge lower after China hiked bank reserve rate and investors in Europe sold bank stocks. National Semiconductor agreed to be acquired by Texas Instruments for $6.5 billion. Service industry expansion slows in March. Procter & Gamble agreed to sell its Pringles unit for $2.35 billion.