- Bikram Pandey
- 25 Oct, 2010
- New York City
Sykes Enterprises Inc surged after it reported higher than expected earnings. Value Line Inc soared 18% after it declared a special dividend. Sohu.com Inc advanced more than 10% after quarterly net exceeded expectations. CommScope Inc soared more than 30% on the company plans to go private.
- Arthi Gupta
- 25 Oct, 2010
- New York City
The UK indexes gained after G20 finance chiefs vowed to reduce global fiscal imbalances. The BoE noted Asset Purchase Facility usage declined in the third quarter. The UK mortgage approvals fell in September.
- 123jump.com Staff
- 25 Oct, 2010
- New York City
The railroad operator quarterly revenue rose 16% to nearly $2.7 billion on a 10% overall increase in volume. Net earnings in the quarter surged 43% to $414 million reflecting strong volume as well as revenue growth. Earnings per share grew to $1.08 from 73 cents per share in the prior-year quarter.
- Arthi Gupta
- 25 Oct, 2010
- New York City
The European indexes advanced after finance ministers of the G-20 nations agreed to ease currency tensions. Euro-zone industrial orders surged in August. French economy losses estimated up to
- Arthi Gupta
- 25 Oct, 2010
- New York City
U.S. stocks traded higher after the G20 finance chiefs pledged to avert currency wars. Singapore Exchange agreed to acquire the operator of Australian Stocks Exchange for A$8.4 billion. CommScope confirmed talks with the Carlyle Group. BP agreed to sell interests in four Gulf of Mexico fields.
- Chandrasekhar Atreya
- 25 Oct, 2010
- New York City
Mumbai stocks continued the advance on earnings outlook. Growth in imports exceeded the exports and lifted the trade deficit in the first half to $63 billion. Prime Minister Manmohan Singh in a two-day visit to Japan plan to discuss investment in infrastructure and nuclear power projects.
- Mukesh Buch
- 25 Oct, 2010
- New York City
Stocks in Mumbai traded higher tracking gains in Asian markets. Bajaj Auto Ltd rose after the company was added to the benchmark index Sensex 30 index. D B Corp second quarter net gained 25.1%. Finolex Cables Ltd declined after quarterly net plunged 34%.
- Chandrasekhar Atreya
- 25 Oct, 2010
- New York City
Stocks in China soared to a six month high on earning and profit outlook as well as commodity prices. Hong Kong stocks push the benchmark higher despite SGX offer to acquire ASX. AIA, the Asian insurance arm of AIG completed the public offering to raise $17.9 billion in Hong Kong.
- Chandrasekhar Atreya
- 25 Oct, 2010
- New York City
Japanese stocks were nearly flat with the yen trading at 15-year high and ahead of earnings this week. Trade surplus for September soars but growth of export slows. Prime Ministers of India and Japan look for joint developments of infrastructure, nuclear power and rare earth exploration projects.
- Chandrasekhar Atreya
- 25 Oct, 2010
- New York City
Australian shares surged on takeover activity and resurgent markets in Asia. Singapore Stock Exchange offers $8.4 billion for the Australian Stock Exchange. Australian dollar hovers just under parity
- 123jump.com Staff
- 24 Oct, 2010
- New York City
The semiconductor company reported revenue rose 16% to $1.62 billion in the quarter. Net quarterly loss narrowed 8% to $118 million as revenue increased and gross margins improved. The company lost 17 cents a share compared to a loss of 18 cents a share in the year-ago quarter.
- 123jump.com Staff
- 23 Oct, 2010
- New York City
The Internet search engine stated quarterly revenues rose 23% to $7.29 billion. Net income in the quarter soared 32% to $2.17 billion helped by improved economic conditions and increase in advertising budgets. Earnings grew to $6.72 per share, versus $5.13 per share in the prior-year quarter.
- Bikram Pandey
- 22 Oct, 2010
- New York City
American Express traded lower and reported quarterly net soared 71%. Amazon.com quarterly sales rose 39%. China based search engine said quarterly net more than doubled. United Parcel Service, Inc quarterly net soared 81%.
- Chandrasekhar Atreya
- 22 Oct, 2010
- New York City
Mumbai benchmark index closed lower on Friday but gained 0.2% for the week. Coal India offering is oversubscribed fifteen times. Infosys plans to invest $100 million in China expansion.
- Mukesh Buch
- 22 Oct, 2010
- New York City
Ambuja Cements Ltd declined after quarterly net declined 52% and Binnani Cement Ltd second profit plunged 98%. Bajaj Corp Limited declined 4% after latest quarterly net declined 19%. TCS said quarterly net increased 14%.