- Bikram Pandey
- 14 Jul, 2011
- New York City
U.S. indexes retreated after Fed Chairman Ben Bernanke clarified no immediate plan of economic stimulus on the second day of his testimony. President Barack Obama and Republican lawmakers attempt last minute talks to avert government shutdown as August 2 deadline looms.
- Arthi Gupta
- 14 Jul, 2011
- New York City
The UK indexes traded lower on global economic concerns. The Irish Finance Minister Michael Noonan said that Ireland has successfully met the targets set out by the EU and the IMF. Irish annual inflation remained steady in June.
- 123jump.com Staff
- 14 Jul, 2011
- New York City
The Indian technology services company said revenue for the quarter grew 23% to $1.67 billion. On an IFRS basis, net quarterly income rose 18% to $384 million. Earnings per American depositary share rose to $0.67 from $0.57 in the prior-year quarter.
- Arthi Gupta
- 14 Jul, 2011
- New York City
U.S. indexes edged higher after weekly jobless claims fell 22,000, retail sales rose 0.1% and producer prices slid 0.4% in June. U.S. business inventories rose more than estimated in May. JPMorgan net rose 13% on significantly lower provision for credit losses.
- Mukesh Buch
- 14 Jul, 2011
- New York City
ConocoPhillips plans to split its refining and energy exploration businesses. JPMorgan second quarter net increased 13% to $5.4 billion. Nexen second quarter net increased to $252 million. YUM! Brands second quarter net increased 10% to $316 million.
- Arthi Gupta
- 14 Jul, 2011
- New York City
European indexes traded lower after a rating agency downgraded Greece but Italy managed to sell 5-year bond sale at 4.93% yield. Euro-zone annual inflation was stable at 2.7% in June. Lafarge agreed to sell gypsum assets to Belgian Etex for
- Arthi Gupta
- 14 Jul, 2011
- New York City
Euro-zone inflation remained stable at 2.7% but Italian inflation rose in June. Dutch retail sales eased and Spanish leading index was flat in May. The economic growth forecast of Finland for fiscal year 2010 was revised up to 3.6%.
- Nigel Thomas
- 14 Jul, 2011
- New York City
Stocks in Japan headed lower and the yen traded volatile after the U.S. debt was placed under a review at a rating agency. The yen rose to a 4-month high of 78.40 against one dollar. Shipping companies led the decliners after the freight rate index fell for the fourth day in a row.
- Marcus Jacob
- 14 Jul, 2011
- New York City
Australian stocks closed lower but resources linked stocks advanced. News Corp was forced to drop its bid to acquire UK based BSkyB after lawmakers united against its bid. Peabody raised its bid for Macarthur and initiated the due diligence process.
- Bikram Pandey
- 13 Jul, 2011
- New York City
U.S. stocks turned positive after market took a surprise note on the Fed
- Mukesh Buch
- 13 Jul, 2011
- New York City
Adtran second quarter net income rose. Capital One second quarter net income surged to $911 million. Kinetic Concepts acquired by consortium valued at $6.3 billion. Validus Holdings agreed to acquire Transatlantic for $55.95 a share.
- Arthi Gupta
- 13 Jul, 2011
- New York City
The UK indexes edged higher after China reported positive GDP data. The UK jobless rate was 7.7%. Ireland''s government bonds cut to junk status. News Corp. withdrew its bid for BSkyB after company faces systemic problems with news gathering techniques.
- Arthi Gupta
- 13 Jul, 2011
- New York City
U.S. indexes futures gained after import prices fell 0.5% in June. Applications for U.S. home mortgages slid for the fourth consecutive week. Private equity consortium acquired Kinetic Concepts for $6.3 billion. Electronic Arts agreed to buy PopCap for $750 million.
- Arthi Gupta
- 13 Jul, 2011
- New York City
European indexes inched higher after China reported faster than estimated second quarter economic growth. Euro-zone industrial production growth eased to 0.1% in May. ASML net soared 81% and Gerresheimer surged 8% after quarterly earnings increased.
- Nigel Thomas
- 13 Jul, 2011
- New York City
Japanese stocks rebounded after the Bank of Japan stepped its purchase of Japanese equities and stronger than expected economic expansion in China. The yen strengthened for the third week in a row and traded below 79 to a dollar and 110 to one euro.