- Chandrasekhar Atreya
- 20 Sep, 2010
- New York City
Australian stocks traded lower as the dollar climbed and metals prices increased. Reserve Bank of Australia outlook suggested continued current growth in the economy in the near future. The rail network, QR National started its public offering that may raise as much as A$7 billion.
- 123jump.com Staff
- 18 Sep, 2010
- New York City
The biopharmaceutical company reported revenues soared 58% to $17.3 billion in the quarter. Net quarterly earnings rose 9.5% to $2.47 billion helped by higher revenues owing to the acquisition of Wyeth. Earnings per share fell to 31 cents from 34 cents per share in the year-ago quarter.
- Bikram Pandey
- 17 Sep, 2010
- New York City
U.S. stocks traded sideways as commodities continued to advance. The Dow gained 1.2% and the S&P 500 index added 1.4%. The Nasdaq advanced 3.2% in the week. Resource and technology stocks closed higher in the week. Silver inched near 30-year high and gold traded intra-day record.
- Arthi Gupta
- 17 Sep, 2010
- New York City
The UK indexes declined on global economic data. The UK Chancellor George Osborne reiterated sovereign debt risk is a threat to European economies. Promethean Plc surged 6.33% to 42.00 pence after the investment company reported fiscal 2010 profit.
- Bikram Pandey
- 17 Sep, 2010
- New York City
Crucell NV soared after the company is in talks with J&J. Research in Motion surged after it reported better than expected sales and earnings. Texas Instruments gained after it increased dividend and offered t buy back up to $7.5 billion in shares.
- Arthi Gupta
- 17 Sep, 2010
- New York City
The European indexes fell after euro area current account deficit remained flat and construction output fell in July. German PPI rose 3.2% in August. Carrefour SA surged 5% after the retail giant plans to invest about
- Arthi Gupta
- 17 Sep, 2010
- New York City
U.S. stocks gained after consumer prices rose 0.3% in August. The U.S. Senate approved small business bill. J&J negotiated to buy rest of Crucell shares for
- Chandrasekhar Atreya
- 17 Sep, 2010
- New York City
The Sensex index closed higher and jumped 4% and surged more than 7% in the month. Rupee advanced. Sustained foreign investments and rising consumer confidence has lifted index at the fastest pace in last four months. State Bank of India looks to raise more than $4.5 billion.
- Chandrasekhar Atreya
- 17 Sep, 2010
- New York City
Stocks in Shanghai treaded marginally lower but the weekly drop was the steepest in more than two months. Hong Kong index gained 1% and for the week added 3.3% and surged more than 7% in the month. Four Taiwan-based banks get permission to open mainland branches.
- Chandrasekhar Atreya
- 17 Sep, 2010
- New York City
Stocks in Japan added more than 1% on Friday and gained 4% in the week and surged more than 9% in the month. The yen declined to five-week low against the dollar and the euro. Prime Minister Kan announced a new cabinet. Crude steel output rises in August, the tenth consecutive month of increase.
- Chandrasekhar Atreya
- 17 Sep, 2010
- New York City
Stocks in Australia rallied and closed higher for the third week in a row. The weekly gain of 1.7% completes the rise of more than 8% in less than three weeks. Asciano Group raised $1 billion to repay bank loans. Santos secures funds for its Gladstone LNG project.
- 123jump.com Staff
- 17 Sep, 2010
- New York City
The natural, organic, and specialty foods distributor quarterly sales rose 15.8% to $988.5 million. Net quarterly income grew 14% to $17.6 million. Earnings per share rose to 40 cents versus 36 cents per share in the prior year and fiscal 2011 earnings estimated between $1.74 and $1.83 per share.
- Bikram Pandey
- 16 Sep, 2010
- New York City
U.S. stocks struggled but managed to close higher on low trading volume. Gold edged closer to record high. FedEx declined after it issued a cautious outlook for the second quarter and first quarter net doubled. European trade surplus surged and UK retail sales dropped.
- Devan Biswas
- 16 Sep, 2010
- New York City
GameStop Corp surged after it announced a plan to buy back stocks. Pier 1 Imports Inc gained more than 4% after reporting higher than expected sales and profit. FedEx Corp declined after it reported lower than expected sales.
- Arthi Gupta
- 16 Sep, 2010
- New York City
The UK indexes dropped after retail sales fell in August. Food stores fell 0.5% and non-food stores dipped 0.7% in August. The Confederation of British Industry estimated manufacturing growth in the next three months. Kesa Electricals plc four-month sales increased 8.2%.