- Mukesh Buch
- 14 Jul, 2011
- New York City
ConocoPhillips plans to split its refining and energy exploration businesses. JPMorgan second quarter net increased 13% to $5.4 billion. Nexen second quarter net increased to $252 million. YUM! Brands second quarter net increased 10% to $316 million.
- Arthi Gupta
- 14 Jul, 2011
- New York City
European indexes traded lower after a rating agency downgraded Greece but Italy managed to sell 5-year bond sale at 4.93% yield. Euro-zone annual inflation was stable at 2.7% in June. Lafarge agreed to sell gypsum assets to Belgian Etex for
- Arthi Gupta
- 14 Jul, 2011
- New York City
Euro-zone inflation remained stable at 2.7% but Italian inflation rose in June. Dutch retail sales eased and Spanish leading index was flat in May. The economic growth forecast of Finland for fiscal year 2010 was revised up to 3.6%.
- Nigel Thomas
- 14 Jul, 2011
- New York City
Stocks in Japan headed lower and the yen traded volatile after the U.S. debt was placed under a review at a rating agency. The yen rose to a 4-month high of 78.40 against one dollar. Shipping companies led the decliners after the freight rate index fell for the fourth day in a row.
- Marcus Jacob
- 14 Jul, 2011
- New York City
Australian stocks closed lower but resources linked stocks advanced. News Corp was forced to drop its bid to acquire UK based BSkyB after lawmakers united against its bid. Peabody raised its bid for Macarthur and initiated the due diligence process.
- Bikram Pandey
- 13 Jul, 2011
- New York City
U.S. stocks turned positive after market took a surprise note on the Fed
- Mukesh Buch
- 13 Jul, 2011
- New York City
Adtran second quarter net income rose. Capital One second quarter net income surged to $911 million. Kinetic Concepts acquired by consortium valued at $6.3 billion. Validus Holdings agreed to acquire Transatlantic for $55.95 a share.
- Arthi Gupta
- 13 Jul, 2011
- New York City
The UK indexes edged higher after China reported positive GDP data. The UK jobless rate was 7.7%. Ireland''s government bonds cut to junk status. News Corp. withdrew its bid for BSkyB after company faces systemic problems with news gathering techniques.
- Arthi Gupta
- 13 Jul, 2011
- New York City
U.S. indexes futures gained after import prices fell 0.5% in June. Applications for U.S. home mortgages slid for the fourth consecutive week. Private equity consortium acquired Kinetic Concepts for $6.3 billion. Electronic Arts agreed to buy PopCap for $750 million.
- Arthi Gupta
- 13 Jul, 2011
- New York City
European indexes inched higher after China reported faster than estimated second quarter economic growth. Euro-zone industrial production growth eased to 0.1% in May. ASML net soared 81% and Gerresheimer surged 8% after quarterly earnings increased.
- Nigel Thomas
- 13 Jul, 2011
- New York City
Japanese stocks rebounded after the Bank of Japan stepped its purchase of Japanese equities and stronger than expected economic expansion in China. The yen strengthened for the third week in a row and traded below 79 to a dollar and 110 to one euro.
- Arthi Gupta
- 13 Jul, 2011
- New York City
Euro area industrial output eased in May. German wholesale price inflation declined but Spanish inflation eased in June. Norwegian home prices rose in the second quarter. Finnish retail sales increased in May.
- Marcus Jacob
- 13 Jul, 2011
- New York City
Australian stocks rebounded after steep losses last week. Resources linked companies gained after China expanded at 9.5% in the second quarter. David Jones estimated net profit to decline as much as 2%.
- 123jump.com Staff
- 12 Jul, 2011
- New York City
The retail discount stores operator net sales for the quarter increased 7.8% to $2.153 billion on comparable store sales rise of 4.7%. Net quarterly income rose 6.5% to $111.1 million. Earnings per share climbed to 91 cents compared to 77 cents a year-ago quarter.
- Bikram Pandey
- 12 Jul, 2011
- New York City
U.S. indexes rebounded in the late afternoon after the release of the Fed minutes of meeting held last month as minority prefers additional stimulus. Electronic chip makers declined after Novellus provided cautious outlook. Cisco gained more than 2% after the company plans to cut 14% of its staff.