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Monthly Archives: June 2010

Overnight Market News – June 30, 2010

30-Jun-10

European Union Announces its First-Ever Cap on Cash Bonuses Paid to Banking Executives in Effort to Further Regulate the Financial System Ireland Exits Two-Year Recession with First-Quarter GDP Growth of 2.7% as an Increase in Exports Boosted Output Cisco Systems Inc to Target Business Customers with Announcement of New Tablet Device Named “Cius” Telefonica SA [...]

Overnight Market News – June 29, 2010

29-Jun-10

China, Taiwan Ink Landmark Trade Agreement to Boost Economic Ties and Ease Political Tensions Following Decades of Hostility Emerson Electric Co Offers to Acquire Chloride Group Plc for GBP 997mm (USD 1.5B), Rivaling ABB Ltd’s Planned Takeover of the UK Firm Japan’s Factory Output Falls 0.1% in May from April, First Decline in Three Months [...]

Overnight Market News – June 28, 2010

28-Jun-10

Group of 20 Countries (G-20) Agree to Halve their Government Deficits by the year 2013 and Stabilize Debt Loads by 2016 Oil from BP Plc’s Gulf of Mexico Spill Washes Ashore in Mississippi for the First Time, Clean up Costs Hit USD 100mm per Day Senator Robert Byrd, the Longest Serving Member Ever of the [...]

Overnight Market News – June 25, 2010

25-Jun-10

Research In Motion Ltd Posts First-Quarter Earnings per Share (EPS) of USD 1.38, Up From USD 0.98 a Year Earlier Oracle Corp Fourth Quarter Earnings Climb 26% to USD 2.4B , Boosted by its Acquisition of Sun Microsystems Inc US Lawmakers Approve Landmark Bill to Overhaul Financial Regulation Aimed at Protecting Consumers and Increasing Regulators’ [...]

Overnight Market News – June 24, 2010

24-Jun-10

Resolution Ltd Agrees to Purchase Portion of French Insurer AXA SA’s UK Operations in GBP 2.75B (USD 4.1B) Deal Homebuilder, Lennar Corp Posts Q02 2010 Net Income of USD 39.7mm Versus Year-Ago Loss of USD 125.2mm on Cost-Cutting Euro Zone Industrial New Orders Climb 22.1% in April from a Year Earlier, Fastest Pace in Ten [...]

Overnight Market News – June 22, 2010

22-Jun-10

UK’s Chancellor George Osborne to Reveal Later This Morning a Budget Plan Which Includes Tough Measures on Tax Increases and Spending Cuts Samsung Electronics Co Expects to Raise its Market Share for Smartphones to More Than 10% in the Fourth Quarter Aided by the Introduction of its Galaxy S Model Biovail Corp Sets to Takeover [...]

Overnight Market News – June 21, 2010

21-Jun-10

China’s Yuan Surges to 21-Month High After the Central Bank Ended a Two-Year Peg to the US Dollar Chemical Giant, BASF SE Set to Acquire German Specialty Chemicals Firm Cognis GmbH for at Least EUR 3.3B (USD 4.1B) BP Plc Reports Oil Spill Costs Reach USD 2B, Says its Partners in the Gulf Must Also [...]

Overnight Market News – June 18, 2010

18-Jun-10

Banco Santander SA Enters Bid to Acquire 300 Bank Branches Being Offloaded by Royal Bank of Scotland Group Plc for Between GBP 1.5B and GBP 1.8B Motorola Inc to Buy Back Most of its Debt, Will Also Pump Between USD 3B and USD 4B in Cash into Proposed Spin Off of its Cellphone Unit European [...]

Overnight Market News – June 17, 2010

17-Jun-10

Swiss Legislators Approve Law For Government to Hand Over Names of US Tax Evaders to the Internal Revenue Service (IRS) in UBS AG Tax Case UK Retail Sales Increases More Than Expected in May Ahead of Soccer World Cup, Rising 0.6% on Higher Sales of Electrical-Goods and Food BP Plc to Set up USD 20B [...]

Overnight Market News – June 16, 2010

16-Jun-10

US President Obama Announces Long-Term Plan to Restore Gulf Coast, Vows to Hold BP Plc Accountable for Oil Spill Damage European Union (EU) “Firmly” Refutes Report that a EUR 250B (USD 307B) EU, IMF Credit Line is Being Drawn up for Spain The Boeing Co Boosts Production Rates of its 737 Jet for the Second [...]