|The conclusion of the Eurozone summit yesterday brought no new progress on the Greek debt crisis, leading to a growing sense of realisation that European policy makers are running out of ideas. This in itself is unlikely to be a shock to the market, as investors and speculators have been pricing in scenarios of Greece default and Eurozone dispersion for some time now – even though politicians…|
Archive for January, 2012
Contract driller of oil and gas wells Helmerich & Payne, Inc. (HP) reported Tuesday a profit for the first quarter that increased from last year, reflecting revenue growth amid higher rig utilization across operating segments. Both adjusted earnings per share and quarterly revenues topped analysts’ expectations.
German steelmaker ThyssenKrupp AG (TKA.DE, TYEKF.PK) has agreed in principle to sell its stainless steel unit Inoxum to Finland’s Outokumpu Oyj (OUTA.F, OUTKY.PK) in a deal valued at 2.7 billion euros or $3.6 billion, the Wall Street Journal reported Monday, citing a person familiar with the matter.