- Mayank Mehta
- 08 Jun, 2010
- New York City
Anadarko Petroleum Corporation led the decliners in the S&P 500 index with a loss of 5.27%. DuPont wins USDA approval for new soy bean. McDonald''s global May comparable sales rose 4.8%. Dollar General net income increases by 64%.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 08 Jun, 2010
- New York City
European markets decline amidst concerns of a sovereign debt crisis. EU Finance Ministers approve Estonia''s entry into the euro-zone. Switzerland-based ABB agrees to acquire UK-based Chloride Group for $1.25 billion.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 08 Jun, 2010
- New York City
Stocks in China fluctuated but closed higher led by gains in consumer and technology companies pushing the benchmark index up from a 13-month low. Hong Kong stocks also rose after a report showing German factory orders rose in April.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 08 Jun, 2010
- New York City
U.S. stocks edged higher following positive comments from Fed Chairman Ben Bernanke. He also suggested that unemployment is likely to remain high for a while and the banking sector is still not fully healthy. McDonald
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 08 Jun, 2010
- New York City
India Commodity Exchanger Ltd, founded by MMTC Ltd and Indiabulls Financial Services Ltd, is planning to start iron-ore futures. The country
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 08 Jun, 2010
- New York City
Prime Minister Kevin Rudd may rue his proposal to collect more tax from mining companies, after it has become a winning strategy for the opposition in the upcoming elections to be held within 10 months.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 08 Jun, 2010
- New York City
Japanese stocks rose after three days of decline as the dollar and euro strengthened against the yen.
- 123jump.com Staff
- 08 Jun, 2010
- New York City
Revenues rose 5.3% to $188.3 million and net income rose 10.3% to $32.2 million or $1.38 a share. Cost of sales in the first quarter were 67.3% of revenues versus 74.6% in last year''s first quarter and 74.6% also for all of 2009. First quarter EBIT represents operating margins of 27.3%.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jun, 2010
- New York City
U.S. indexes declined for the second day on the weakness in financials and tech stocks. Tech heavy Nasdaq dropped 2% and led the decline in the popular indexes after Apple Inc and Google Inc fell more than 2%. Resource stocks fell after base metals declined.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 07 Jun, 2010
- New York City
UK markets closed lower as Prime Minister Cameron urged the nation and the government to trim its deficit. Manufacturing output grows in the second quarter. BP said it made progress in capturing as much as half the leaking oil in the Gulf of Mexico well.
- Mayank Mehta
- 07 Jun, 2010
- New York City
Bristol-Myers Squibb Company led gainers in the S&P 500 index with a rise of 6.6%. Grifols agrees to acquire Talecris Biotherapeutics for creating plasma protein therapies. Vivus announces positive results from phase-3 study related erectile dysfunction in diabetic patients.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 07 Jun, 2010
- New York City
European markets edged lower as Hungary issued contradictory statements. German factory orders increase 2.8% in April and the euro-zone investor confidence improves in June. Spain-based Grifols SA agrees to buy U.S.-based Talecris for $3.4 billion in cash and stocks.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jun, 2010
- New York City
Stocks in Mumbai trading dropped 2% in a volatile trading after markets in Asia closed lower on a weaker than expected U.S. jobs report. Private sector added virtually no new net jobs in the previous month.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jun, 2010
- New York City
Stocks in Australia plunged nearly 3% and markets in Asia dropped at least 2% after the U.S. reported no jobs growth in the private sector. In addition, China further tightened rules for second home purchase lending, dragging commodities prices lower.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jun, 2010
- New York City
The Nikkei 225 Stock Average had its biggest one-day decline of 3.7% since March 2009 in the morning session. The index fell further to 3.84% at close to 9,520.80, led by commodities and reports of less than estimated job growth in the U.S.