U.S. Financials Fall on Spain, Joining European Stocks
Led by Citigroup Inc.'s (C) 2.8% drop, shares in U.S. banks joined their European counterparts in trading down Monday on new fears about a potential bailout for Spain and a drying up of aid for Greece.
Canada Industry Minister Confirms CNOOC/Nexen Deal Subject to Review
Canada's Industry Minister confirmed Monday that CNOOC Ltd.'s (CEO) proposed $15.1 billion acquisition of Calgary-based Nexen Inc. (NXY) would be subject to a federal government review, and laid out the terms under which the Conservative government will decide whether to approve or nix the deal.
NRG Energy, GenOn Shares Up On $1.7 Billion Merger Deal
Shares of NRG Energy Inc. (NRG) and GenOn Energy Inc. (GEN) rallied Monday after announcing plans for a $1.7 billion merger deal.
Idea Cellular 1Q Net Profit Rises 32%, Misses Forecast
Idea Cellular Ltd. (532822.BY) Monday reported a smaller-than-expected 32% rise in quarterly net profit because of weak growth in telephone call volumes despite offering huge discounts, as well as higher depreciation charges and a foreign-exchange loss.
CBOE Volatility Index Spikes On Europe Jitters
The CBOE Market Volatility Index shot past the 20-mark for the first time in nearly a month on Monday as fears about Spain and Greece debt battered U.S. stocks.
India's State-Run Oil Companies to Raise Gasoline Prices
Indian state-run fuel companies will raise gasoline prices Tuesday, the first increase in two months, due to higher international oil prices and a weak local currency.
Stocks Thrashed by Mounting Euro Worries
Taking a cue from Europe, U.S. markets tumbled deep into the red on Monday amid growing concerns about the embattled eurozone currency bloc.
With Sales Years Away, Pharmacyclics Rallies on Drug Promise
Pharmacyclics Inc.'s (PCYC) leukemia treatment has proven to be at least three times as effective as current options, a major factor in the stock's fourfold surge since Thanksgiving, but one significant hurdle remains: The company is unlikely to see any meaningful sales for at least three years.
Hindustan Unilever Profit More than Doubles on Strong Sales, One-Time Gain
Hindustan Unilever Ltd. (500696.BY), India's largest consumer goods maker by sales, Monday beat market estimates by more than doubling its fiscal first-quarter net profit thanks to a one-time gain and strong sales, underscoring the resilience in demand for consumer staples.