http://europe.123jump.com/Europe-market-update-archive/Stock Market Update, IPO profiles, Earnings Call Transcripts, Economic news, company news, Mutual funds profile,Earnings News, Mutual Fund Managers,Industry sectors, Oil and Natural Gas stocks - 123Jumphttp://europe.123jump.com/Europe-market-update-archive/http://www.123jump.com/images/logo_home.jpg16066Stock Market Update, IPO profiles, Earnings Call Transcripts, Economic news, company news, Mutual funds profile,Earnings News, Mutual Fund Managers,Industry sectors, Oil and Natural Gas stocks - 123Jump1999-2007 123jump.com, Inc. All rights reservedWed, 16 Jul 2008 01:00:00 -0400http://europe.123jump.com/Europe-market-update/Fear Grips Banks; World Markets Decline/28587/Tue, 15 Jul 2008 17:52:00 -0400Unhappy investors are increasingly distrustful of the U.S. government bailout plan of Fannie and Freddie that includes bond holders and excludes stock holders. Fannie and Freddie dipped to another low with a loss of more than 20% today and dragged stocks of banks and financial companies. Citigroup, SunTrust, Wachovia and Bank of America declined to their new lows not seen at least in the last ten years. General Motors cut its dividend.123jump.com Staffhttp://europe.123jump.com/Europe-market-update/Regional Banks Drop; InBev and Santander Deals/28576/Mon, 14 Jul 2008 17:55:00 -0400The rescue plan proposed for two troubled lenders by the U.S. Treasury and Fed underwhelmed investors. The bail out plan is expected to excude shareholders. Fearful investors sold regional and large bank stocks. Of the S&P 500 index stocks, top fifteen decliners were banks with a los between 36% and 11%. Citigroup, AIG, Merrill Lynch and Wachovia were among the leading decliners. Washington Mutual, the worst decliner in the S&P 500 index said after the close it has $40 billion liquidity.123jump.com Staffhttp://europe.123jump.com/Europe-market-update/InBev and Anheuser Agree to $52 B Offer/28572/Mon, 14 Jul 2008 15:27:00 -0400Anheuser-Busch, the century old family controlled beer brewer agreed to a hostile offer of $70 per share or $52 billion from InBev NV. The newly merged company will not only have the largest market share in the U.S. but also will have largest worldwide revenue, surpassing SABMiller sales. The all-cash offer was agreed on Sunday and investment stake controlled by Warren Buffet expects to make $770 million in capital gains.123jump.com Staffhttp://europe.123jump.com/Europe-market-update/Carrefour Retailers Lead Europe Decline/28540/Thu, 10 Jul 2008 18:54:00 -0400European markets closed sharply lower as investors faced falling corporate sales and profit. Hypermarket retailer Carrefour reported smaller than expected rise in sales and plans to curtail its remodeling in France and accelerate expansion in Brazil. Clay tile and brick maker Wienerberger estimated decline in sales and operating profit. UK retailers Burberry and Kingfisher dropped on negative comments from Goldman Sachs. UK left its key lending rate unchanged.123jump.com Staffhttp://europe.123jump.com/Europe-market-update/Financials Drag U.S. European Stocks/28539/Thu, 10 Jul 2008 17:28:00 -0400Dow Chemical offer to buy Rohm & Haas at 75% premium lifted U.S. market averages but financial stocks continued drift lower. The comments from the former Fed President took another toll on Fannie Mae and Freddie Mac as both declined to near 15-year lows. European markets closed lower on the weakness in financial stocks. Rising tensions in the Middle East lifted crude oil $5 a barrel.123jump.com Staffhttp://europe.123jump.com/Europe-market-update/U.S. Tech Stocks Down European Markets Up/28519/Wed, 09 Jul 2008 13:36:00 -0400Weekly crude oil inventories report suggested a lower than estimated supply of crude oil and crude oil inventories are hovering near the lower end of the range. Crude oil prices rebounded after the report and natural gas futures prices cut most of the losses. Separately, analysts commnets drove Cisco and Intel lower dragging tech heavy Nasdaq index with it. Boeing wins second opprtunity to bid for $35 billion tanker order.123jump.com Staffhttp://europe.123jump.com/Europe-market-update/UK Europe Indexes Near 20 Loss/28512/Tue, 08 Jul 2008 18:57:00 -0400UK stocks fell as credit market worries linger. Business survey predict business recession in the near term. The FTSE 100 index is down 20% from its peak in the last one year of trading. The stock of LSE led the decliners in FTSE 100 index after an analyst estimated a revenue decline of 4% ahead of annual meeting tomorrow. Standard Chartered Bank dropped 2.2%, HBOS fell 1.6% and Barclays declined 1%. European markets declined led by a fall in banks across the region.123jump.com Staffhttp://europe.123jump.com/Europe-market-update/Fresenius to Acquire APP Pharma for $3.7 B/28501/Mon, 07 Jul 2008 11:43:00 -0400German healthcare concern Fresenius agreed to pay $23 a share for the US injectable drug maker APP Pharmaceuticals. Fresenius will assume APP’s outstanding debt of $940 million. APP employs 1,400 workers and its drug portfolio encompasses over 100 products. In 2007, Fresenius achieved sales of €11.4 billion while APP posted a profit of $253 million. Last year, Fresenius acquired Renal Solutions, adding to its kidney treatment units.123jump.com Staffhttp://europe.123jump.com/Europe-market-update/Fannie Freddie Sell-Off; Weak Financials/28495/Mon, 07 Jul 2008 22:40:00 -0400Financial stocks fell sharply after the talks of another capital needs at two mortgage agencies Fannie Mae and Freddie Mac. The new accounting rule may require more debt to be consodilated on the balance sheet and force two largest mortgage agencies to raise as much as $75 billion in new capital according to Lehman analyst. Banks and financial brokerage stocks dropped. Euorpean stocks closed higher but Asian stocks continue to struggle in the early morning trading in the region.123jump.com Staffhttp://europe.123jump.com/Europe-market-update/U.S. Stocks Rise Yahoo GM Up Europe Up 2/28492/Mon, 07 Jul 2008 10:16:00 -0400U.S. stocks trade higher after crude oil prices slide lower, renewed interest from Microsoft to negotiate with Yahoo and talks of asset sale at General Motors. Three widely followed indexes rise between 0.7% and 1.2%. European markets at mid-day trade up 2%. Stocks in emerging markets rebound around the world, after two weeks of selling, led by a 2% rise in Brazil and Hong Kong. The generic drug maker, APP Pharmaceuticals soared 30% after it agreed to purshase from Fresenius SE of Europe.123jump.com Staff