- Mayank Mehta
- 11 May, 2010
- New York City
GameStop Corp led the decliners in the S&P 500 index with a loss of 13.8%. McDermott profit and sales declined. LDK Solar swings to profit . Fluor profit dips on lower oil and gas business. MBIA swings to net loss in first quarter.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 11 May, 2010
- New York City
Global and U.S. stocks decline amid doubts whether the plan proposed by the EU and the IMF will be sufficient to revive the European markets. The dollar gained against all major currencies and crude oil prices dipped below $76 a barrel. priceline.com quarterly profit surges.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 11 May, 2010
- New York City
Stocks in Mumbai traded lower after a surge tracking global markets rebound. The ongoing 3G spectrum auction prices reach a record $1.4 billion. Exports in March soared 54%, fifth monthly increase in a row but declined 4.7% in the fiscal year ending in the month.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 11 May, 2010
- New York City
Stocks in China region declined after inflation accelerated in April. Producer prices and consumer prices gained and new lending remained elevated. Property prices in the month soar 12.8% in the month. Hong Kong land auction was completed at 33% discount to the assessed value.
- 123jump.com Staff
- 11 May, 2010
- New York City
Sales up 10.4% to $5.61 billion & net income up 11.3% to $1.09 billion or $1.00 a share. Comp. sales rose 1.5% & operating income up 12%. U.S. company operated margins rose 210 basis points to 20.4%. Lower food & paper costs have allowed to continue to grow margin while the line on price increases.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 11 May, 2010
- New York City
Stocks in Japan closed lower after Mizuho Financial plans to raise as much as $11 billion. Investors also worried that a rising inflation in China will crimp exports to the fastest growing economy in the world. Bank of Japan stops injecting funds into the market.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 11 May, 2010
- New York City
Stocks in Australia declined on the prospects of higher tax on mining companies. Investors also focused on rising inflation in China and surmised that the latest $1 trillion bailout to EU member nations may not be enough. Asciano group expects A$1.1 billion write down.
- Arthi Gupta
- 10 May, 2010
- New York City
The Bank of England on Monday decided to hold its interest rate at a record low and maintain its bond purchase program at
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 10 May, 2010
- New York City
European markets rebound sharply after the EU offered a large financial package to troubled member nations and altered the way the region manages its finance. Indexes soared in Spain, Portugal and France and banks surged in the sharpest one day gain in more than two years. The euro added 1.5%.
- Mayank Mehta
- 10 May, 2010
- New York City
Aflac Incorporated led gainers in the S&P 500 index with a rise of 12.9%. Dean Foods suspends full-year view after the latest quarterly profit declined. Tyson Foods net exceeds profit target. NRG Energy net down 71% on fewer derivatives gains.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 10 May, 2010
- New York City
The indexes in Europe and U.S. rebounded sharply after the EU leaders committed $960 billion to support lending to member nations. The move designed to avert a widening crisis in the region and support the euro, managed to restore the sentiment at least for now.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 10 May, 2010
- New York City
U.K. stocks surged after the European Union offered a large package to stem widening financial crisis. Bank of England holds key rate and bond purchase plan. Vedanta Resources plc agrees to acquire zinc assets from Anglo American Plc. Qatar based fund acquires the department store Harrods.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 10 May, 2010
- New York City
The Dow soared 3.9%, the S&P 500 index jumped 4.4% and the Nasdaq index jumped 4.8%. Markets in Brazil, Canada and Mexico surged as well. Spain led the gainers in Europe after the index soared 14%. Copper and crude oil rebounded.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 10 May, 2010
- New York City
Stocks in India closed higher and the benchmark index surged nearly 3% following the Asia wide rally. Rupee strengthened and is likely to gain further as investors may return to emerging markets. Vedanta Resources agreed to acquires mining asssets from Anglo American Plc.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 10 May, 2010
- New York City
The indexes in China rebounded as other indexes in Asia after the European leaders offered nearly $1 trillion in stabilization funds. Trade surplus shrank 79% in April. The Hong Kong index which generally tracks the U.S. closed sharply up 2.5%.