- Chandrasekhar Atreya
- 03 Sep, 2010
- New York City
Stocks in Australia rallied to push the weekly gain of 4%. New vehicles sales rose 12.1% in August. Qantas loses it appeal against a Federal Court ruling. Newcastle port has longer waiting list of ships to be loaded.
- Bikram Pandey
- 02 Sep, 2010
- New York City
U.S. stocks searched for direction after weekly jobless claims fell and the index pending home sales increased in July. Europe left its rate on hold and Sweden raised rates. Stocks in Japan and Asia closed higher. Burger King agreed to go private and Hewlett Packard won the bid for 3PAR.
- Devan Biswas
- 02 Sep, 2010
- New York City
U.S. stocks traded higher. 3PAR increased after Dell did not match the revised offer from HP. Retailers scaled higher after August same store sales increased more than expected. Burger King Holdings surged 25% after it accepted buyout offer.
- Arthi Gupta
- 02 Sep, 2010
- New York City
The UK indexes dropped after the UK construction activity slowed and home prices fell in August. Tullow acquired 50% stake in Kenya and Ethiopia basins from Africa Oil Corp. European Central Bank left its rates at 1% and Sweden raised rate to 0.75%.
- Arthi Gupta
- 02 Sep, 2010
- New York City
The European indexes fell after the ECB left key rate unchanged at 1%. Euro-zone GDP expanded 1% in the second quarter and wholesale inflation rose 0.2% in July. French unemployment rate declined 9.3% in the second quarter. Sweden raised interest rates to 0.75%.
- Arthi Gupta
- 02 Sep, 2010
- New York City
U.S. stocks trade sideways after weekly jobless claim fell 6,000 to 472,000 and productivity declined 1.8% in the June quarter. India demanded Google, Skype, and RIM set up local servers. Orexigen and Takeda in $50 million deal to develop and commercialize obesity drug.
- Devan Biswas
- 02 Sep, 2010
- New York City
Stocks in Mumbai trading closed higher after international markets surged. The Sensex closed up 0.2%. Gold traded up but demand dwindled on record high prices. Bajaj Auto Ltd reported record monthly sales in August.
- Marcus Jacob
- 01 Sep, 2010
- New York City
World stocks rallied after the surprise increase in U.S. manufacturing index and China manufacturing edged up and Australia
- Bikram Pandey
- 01 Sep, 2010
- New York City
U.S. stocks surged after manufacturing index showed a surprise growth and small but still an expansion in China. Commodities linked Australian economy registered 1.2% growth. Investors are awaiting monthly jobless data and rate report on Friday.
- Devan Biswas
- 01 Sep, 2010
- New York City
Brown Forman Corp dropped 6% after the maker of spirits and vodka reported lower than expected earnings. G-III Apparel Group Ltd reported higher than expected earnings. Netflix Inc soared 5%. Burger King Holdings Inc soared 10%.
- Arthi Gupta
- 01 Sep, 2010
- New York City
The UK indexes traded higher after positive global economic data. The UK manufacturing growth plunged to nine-month low in August. Irish live register of total unemployment rose for the sixth month in a row to August, manufacturing slackened in August and retail sales fell in July.
- 123jump.com Staff
- 02 Sep, 2010
- New York City
The apparel distributor total net revenue increased 10.5% to $577.1 million in the quarter. Net quarterly earnings rose 12% to $66.8 million. Earnings per share grew to 72 cents compared to 64 cents per share in the prior-year quarter.
- Arthi Gupta
- 01 Sep, 2010
- New York City
European stocks rose after euro-zone manufacturing fell to six-month low in August. German retail sales drop in July and manufacturing growth declined in August. Greek manufacturing slid in August. French manufacturing index surged.
- Arthi Gupta
- 01 Sep, 2010
- New York City
U.S. stocks gain after private sector employment fell 10,000 in August and mortgage applications rose for a fifth week in a row. 3M proposed to acquire Attenti for $230 million. BP agreed to sell Malaysian operations to Petronas for $363 million.
- Chandrasekhar Atreya
- 01 Sep, 2010
- New York City
Stocks in Mumbai traded sharply higher after exports increased 13.2% and trade deficit expanded 42%. July exports increased 13.2% and imports soared 34.3%. Rupee gained. Manufacturing index showed a smaller than expected growth. Nalco looks for investment in Indonesia.