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Overnight Market News – May 25, 2010

 
  • UK Economy Grows Faster Than Previously Estimated in the First Quarter, Expanding 0.3% Up From the Original Estimate of 0.2%
  • Marks & Spencer Group Plc’s Fiscal 2009 Full-Year Earnings Tops Estimates as Net Profit Rises 4.6% to GBP 632.5mm
  • Nokia Corp and Yahoo! Inc Announce Mobile Web Partnership Aimed at Strengthening Their Presence in Emerging Markets
  • British Airways Plc’s Flights Continues to be Disrupted as the Company’s Cabin Crew Enter Their Second Day of Strike
  • Volkswagen AG Agrees to Acquire 90.1% Stake in Italdesign-Giugiaro SpA in an Effort to Boost its Vehicle Design Team
  • International Business Machines Corp to Purchase AT&T Inc’s Sterling Commerce Unit for USD 1.4B
  • Crude Oil Stands at USD 67.94 per Barrel
  • Ethanol Stands at USD 1.60 per Gallon
  • Natural Gas Stands at USD 4.00 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,193.20 per Troy Ounce
  • Dow Jones Industrial Average Falls 126.82 Points (-1.24%) to 10,066.57
  • London FTSE Index Falls 136.72 Points (-2.7%) to 4,932.89
  • Japan Nikkei Index Falls 298.51 Points (-3.06%) to 9,459.89
  • Hong Kong Hang Seng Index Falls 682.26 Points (-3.47%) to 18,985.50
  • Brazil Bovespa Index Falls 344.19 Points (-0.57%) to 59,915.14
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