- Arthi Gupta
- 13 Sep, 2010
- New York City
U.S. stocks trade higher after sharply higher industrial production and consumer demand in China. Industrial production in India also surged. The Basel Committee unveiled tighter guidelines for bank capital reserves. Hertz and Dollar Thrifty and LabCorp and Genzyme Genetics agreed to merger.
- Chandrasekhar Atreya
- 13 Sep, 2010
- New York City
Stocks in Japan gained for the third trading day in a row after China reported better than expected economic data. Japan launched global positioning satellite. Incubator Bank of Japan resumes operations at select branches. Tepco plans to invest in Japan Nuclear Fuel to recycle spent fuel.
- Chandrasekhar Atreya
- 13 Sep, 2010
- New York City
Larger than expected industrial production increase in China and sustained consumer demand in August lifted stock indexes in Hong Kong and Shanghai. Industrial production increased 13.9% and retail sales surged 18.4%. However, inflation perked up to 3.5%. Crude processing declines for the third month in a row in the month.
- Chandrasekhar Atreya
- 13 Sep, 2010
- New York City
Stocks in Australia gained after a positive economic data from China and the Australian dollar gained. Rio Tinto seeks permission to expand bauxite operations in Queensland. The number of LNG floating projects in the northern waters is expected to surge.
- 123jump.com Staff
- 11 Sep, 2010
- New York City
The lifestyle specialty retailer net sales rose 20% to $552.0 million in the quarter. Net quarterly income soared 46% to $71.7 million driven by double-digit revenue growth across all of its brands. Earnings per share grew to 42 cents compared to 29 cents per share in the year-ago quarter.
- Devan Biswas
- 10 Sep, 2010
- New York City
U.S. stocks closed higher after a rally in the early afternoon. International Energy Agency lifted the global demand for oil but cautioned significant downside risks. For the week, the Dow closed up 3.1% and the S&P 500 index by 4.2%. Markets in Japan closed higher for the second week in a row.
- Arthi Gupta
- 10 Sep, 2010
- New York City
The UK indexes traded sideways after producer prices inflation eased in August. Irish manufacturing output rose in July and weekly earnings fell in the first quarter. Morgan Sindall acquired ongoing contracts and related assets of Connaught plc.
- Devan Biswas
- 10 Sep, 2010
- New York City
National Semiconductor Corp dropped 4% after it forecasted lower than estimated second quarter sales. Lululemon Athletica Inc spared 10% after the athletic wear maker reported sharply higher quarterly earnings.
- Arthi Gupta
- 10 Sep, 2010
- New York City
The European indexes fell after EU current account deficit widened in the second quarter. The ECB President Trichet reiterated credit measures essential for euro area recovery. IfW raised German growth outlook. French industrial output improved in July.
- Arthi Gupta
- 10 Sep, 2010
- New York City
U.S. stocks advance after concerns eased on global economic recovery. IEA cautioned slowdown in oil demand. 3M agreed to acquire Arizant for $810 million. National Semiconductor profit tripled in the first quarter. Texas Instruments Inc lifted annual revenues and earnings outlook.
- Chandrasekhar Atreya
- 10 Sep, 2010
- New York City
Stocks in China region traded higher after August trade surplus increased 25%. Shanghai Pharmaceutical Holding Co plans to list in Hong Kong to raise as much as $1 billion. Metropolitan homes prices rose at a slower pace. Iron ore imports in August dropped 13%.
- Chandrasekhar Atreya
- 10 Sep, 2010
- New York City
Stocks in Japan gained aided by a weaker yen to post the second weekly gain in a row. Government announced a 915 billion yen stimulus. Office vacancy rises in August but machine tool orders surged 170% in the month.
- Chandrasekhar Atreya
- 10 Sep, 2010
- New York City
The benchmark index in Australia failed to build on gains in international markets. Competition regulator blocks Virgin Blue and Air New Zealand alliance. Export of coal from Newcastle rises in the week ending September 6.
- Devan Biswas
- 09 Sep, 2010
- New York City
U.S. stocks traded higher on the back of better than expected jobless claims. S&P 500 index has rebounded more than 5% in the month. Crude oil and gold edged lower. Indexes in Europe traded higher after sovereign debt worries eased.
- Devan Biswas
- 09 Sep, 2010
- New York City
Airgas declined after it rejected revised unsolicited offer from Air Products & Chemicals Inc. Fuqi International Inc plunged after the SEC demanded regulatory statements. Adobe systems Inc surged 10% after Apple relaxed mobile application guidelines.