- Chandrasekhar Atreya
- 28 Jul, 2010
- New York City
Stocks in Mumbai traded lower in the session. Reliance Industries closed unchanged after net surged 32% and face a stagnant natural gas production. Aban Offshore soared 7% after it received $235 million insurance settlement.
- 123jump.com Staff
- 28 Jul, 2010
- New York City
The semiconductor chip maker quarterly revenue rose 34.3% to $10.77 billion from $8.02 billion a year ago. Net income in the quarter was $2.89 billion or 51 cents per diluted share compared to a net loss of $398.0 million or 7 cents per share a year ago.
- 123jump.com Staff
- 28 Jul, 2010
- New York City
The financial services provider quarterly revenue fell 2% to $25.1 billion from $25.6 billion a year ago. Net income in the quarter rose 77.8% to $4.8 billion or $1.09 per diluted share compared to net income of $2.7 billion or 28 cents per share a year ago.
- 123jump.com Staff
- 27 Jul, 2010
- New York City
U.S. stocks struggled to advance after consumer confidence declined. Treasury auction drew higher than expected interest, however short and long term yields rose. BP Plc estimated $32 billion in costs related to the Gulf of Mexico oil spill and announced $30 billion in asset sale.
- Arthi Gupta
- 27 Jul, 2010
- New York City
The UK indexes climb after European banks report positive earnings. BP Plc appointed Robert Dudley as its chief executive officer but posts $17 billion loss in the second quarter and plans to sell $30 billion of assets. Onex and Canada Pension Plan to buy Tomkins for $4.5 billion.
- Mayank Mehta
- 27 Jul, 2010
- New York City
Advanced Semiconductor Engineering, Inc. led gainers in the S&P 500 index with a surge of 20.7%. Arch Capital net income jumps. Fluor posts lower profit and lifts outlook. Legg Mason quarterly net income slips 4%. CIT profit up 46% and debt reduced. Office Depot second quarter loss narrows.
- Arthi Gupta
- 27 Jul, 2010
- New York City
European stocks surged after upbeat earnings from UBS and Deutsche Bank and watered down agreement at Basel Committee. German consumer confidence index gained. SAP AG reported quarterly net surged 15%. Euro-zone private sector credit growth improves and M3 money supply rises in June.
- Chandrasekhar Atreya
- 27 Jul, 2010
- New York City
Stocks in Australia gained helped by banks. Macarthur terminates venture agreement with China
- Chandrasekhar Atreya
- 27 Jul, 2010
- New York City
Stocks in Japan closed marginally lower and banks gained and yen traded at elevated level. Yahoo Japan and Google are in talks to partner for Internet search and ad business. Japan gives a $149 million loan to Kenya to build rice farms.
- Arthi Gupta
- 27 Jul, 2010
- New York City
U.S. stocks trade higher after European banks reported better-than-expected earnings. BP Plc appointed Robert Dudley as its chief executive replacing Hayward and $30 billion worth of assets sale. The Basel Committee finalized capital and liquidity reform only after watering down stringent proposals.
- Chandrasekhar Atreya
- 27 Jul, 2010
- New York City
Stocks in China fell for the first time in seven days on report that banks may suffer losses in infrastructure loans. Zijing trading remains suspended for the second day. Everbright Bank gets approval for IPO. Weekly sales of homes in Shanghai surges 44%.
- Chandrasekhar Atreya
- 27 Jul, 2010
- New York City
Reserve Bank of India lifted rates and said it will provide economic assessment every six weeks. Stocks in Mumbai traded higher. MakeMyTrip.com plans to raise $100 million through a listing in the U.S. Fortis decides to sell its minority stake in Parkway ending two month takeover battle.
- 123jump.com Staff
- 26 Jul, 2010
- New York City
U.S. stocks closed higher on positive views on the economy. FedEx lifted its full year earnings view and new home sales surged 24% from the revised May sales. Banks in Europe led the gainers in the region after the release of stress test data. Asian markets closed mixed but retained positive bias.
- Mayank Mehta
- 26 Jul, 2010
- New York City
Beckman Coulter, Inc. led the decliners in the S&P 500 index with a loss of 21.1%. Clorox to sell its auto care products for $750 million. Lorillard second quarter net fall 8% on flat sales.
- Arthi Gupta
- 26 Jul, 2010
- New York City
The European markets gain after banking stocks rebounded on results of the stress tests. The CEBS accuses German banks of not furnishing full debt details. The economic index of the euro-zone rises in June. The Economy Minister of Germany estimated economy to expand at 2% in 2010.