- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 17 Jun, 2010
- New York City
U.S. stocks and commodities closed lower after unemployment data and regional manufacturing index read. Copper and oil traded lower but gold surged to near record high. Spain completed bond offering that eased market jitters in Europe. BP Plc rallied nearly 7%.
- Mayank Mehta
- 17 Jun, 2010
- New York City
Bed Bath & Beyond Inc. led the decliners in the S&P 500 index with a loss of 5.6%. Kroger net income dips 14%. J.M. Smucker Co. net income rises 28%.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 17 Jun, 2010
- New York City
The UK indexes traded sideways on disappointing U.S. economic data. BP Plc announces the suspension of its 2010 dividend and set up a $20 billion compensation fund for liabilities attributed to the Gulf oil spill. The company faces additional liabilities from criminal charges and repairs.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 17 Jun, 2010
- New York City
Stocks in Hong Kong closed higher for the seventh day in a row and closed lower in Shanghai. Henderson Land Development in Hong Kong booked a loss after 20 apartment sales were cancelled. Sino Biopharmaceutical plans to raise $79 million.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 17 Jun, 2010
- New York City
Australian banks are accessing cheaper debt by selling covered bonds in New Zealand. Liberia reveals BHP ore spending plans. Amadeus Energy Ltd announces commencement of exploration in Texas. Leighton wins A$1.1 billion contract in Indonesia.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 17 Jun, 2010
- New York City
Stocks in Japan declined halting five days of rally after a report showed that U.S. housing starts dropped in May. A report by Bank of Japan noted that Japanese companies held back record amounts in cash and deposits.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 17 Jun, 2010
- New York City
European markets rise after Spain raised
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 17 Jun, 2010
- New York City
Stocks in Mumbai traded higher for the seventh day in a row. The latest read on wholesale inflation showed a decline. Advanced corporate tax collection for the first quarter increased 18% from a year ago.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 17 Jun, 2010
- New York City
U.S. stocks trade sideways after inflation index declined 0.2% in May and weekly jobless claims increased 12,000. BP Plc agrees to set up a $20 billion compensation fund for liabilities attributed to the Gulf oil spill. BP may face additional expenses to fix the leak and may face criminal penalties.
- 123jump.com Staff
- 17 Jun, 2010
- New York City
Revenues rose 17.6% to $4 billion and net income rose 42.5% to $516 million or $1.01 a share.Operating income totalled $988 million, a first quarter record, and a gain of 47%. Business volumes increased 13% in the first quarter, operating expenses only increased 2%.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 16 Jun, 2010
- New York City
The UK indexes rose led by banks and miners. UK jobless claims fall by 30,900 in May. Jupiter Fund prices IPO at 165 pence per share.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 16 Jun, 2010
- New York City
European markets pare early gains after weaker-than-expected U.S. economic data. Euro-zone inflation rises to 1.6% in May and labor costs increase at a faster pace in the first quarter. Zodiac SA quarterly revenues rise 2.6%.
- Mayank Mehta
- 16 Jun, 2010
- New York City
Sunoco, Inc. led gainers in the S&P 500 index with a rise of 6.3%. FedEx sees GDP growth lifting shipping fees.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 16 Jun, 2010
- New York City
U.S. stocks tumble after PPI falls 0.3% and housing starts plunge 10% in May. Abbott and Neurocrine agree to develop and commercialize Elagolix. FedEx quarterly profit rises.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 16 Jun, 2010
- New York City
Stocks in India extended it gains to the sixth day today as the market was buoyed with earnings growth across all sectors. Higher advance tax payment by most Indian firms supported domestic index gains.