- 123jump.com Staff
- 07 Jul, 2011
- New York City
The news, information, entertainment, and shopping portal said quarterly revenue rose 14% to $5.6 million. Net loss in the quarter narrowed 3% to $2.3 million. Net loss per ADS for the quarter was $0.084 as compared to a net loss per ADS of $0.082 for the same quarter last fiscal year.
- Arthi Gupta
- 07 Jul, 2011
- New York City
The UK indexes rose after the Bank of England held its key rate unchanged at 0.5% and maintained bond purchase program at
- Arthi Gupta
- 07 Jul, 2011
- New York City
U.S. indexes futures traded higher after weekly jobless claims fell 14,000. U.S. private sector employment rose more than anticipated and non-manufacturing index declined in June. The European Central Bank lifted key rates to curb inflation.
- Nigel Thomas
- 07 Jul, 2011
- New York City
Stocks in Japan halted a 7-day rally after fresh power supply worries. Trade ministry asked all nuclear power plants to undergo a stress test that may delay the resumption of many power plants and extend rolling power cuts this summer.
- Arthi Gupta
- 07 Jul, 2011
- New York City
German industrial production rose more than estimated and French trade gap widened in May. Czech trade surplus rose and Bulgarian retail sales increased in May. Swiss annual inflation climbed in June.
- Marcus Jacob
- 07 Jul, 2011
- New York City
Australian stocks closed flat after the June employment reports showed stronger than expected job growth. Employers added 23,400 new jobs in June and unemployment hovered near 4.9%. Commodities and Australian dollar gained lifting resource linked stocks.
- Arthi Gupta
- 07 Jul, 2011
- New York City
The European indexes gained after Germany''s industrial output climbed more than estimated in May. The French Finance Minister Francois Baroin hinted that the second bailout for Greece would be finalized by September. Rating agency lowered the government-guaranteed debt of four Portuguese banks.
- Bikram Pandey
- 06 Jul, 2011
- New York City
U.S. indexes traded sideways ad service industry grew at a slower pace in May. European markets focused on the rising sovereign bonds spreads to German bunds. Portuguese bonds spread surged to a record high and yields on Spanish, Italian and Irish bonds advanced. Chinese banks worries resurfaced.
- Arthi Gupta
- 06 Jul, 2011
- New York City
U.S. indexes futures traded lower on global economic worries. U.S. mortgage and refinancing activity declined last week. China raised interest rates by 25 basis points to stem the fastest inflation since 2008. Compuware agreed to acquire dynaTrace software for $256 million.
- Arthi Gupta
- 06 Jul, 2011
- New York City
The UK indexes declined on worries of a contagion in the euro area. The UK retail inflation rose, private sector job growth eased, and home prices climbed in June. New car registrations in the UK decreased 6.2% annually in June.
- Nigel Thomas
- 06 Jul, 2011
- New York City
The benchmark index Nikkei increased 1.1% and extended gains for the sixth session and broader Topix index added for the seventh session in a row. The Nikkei has rebounded to a loss of 3.4% from the fall of 17% after the March 11 earthquake. Exporters and trading companies led the gainers.
- Arthi Gupta
- 06 Jul, 2011
- New York City
The European indexes traded lower after a rating agency downgraded Portuguese bonds to below investment grade. Portugal, second nation after Greece was lowered to junk rating as debt stress mount in the peripheral euro-zone. German factory orders increased, Spanish industrial production fell in May.
- Marcus Jacob
- 06 Jul, 2011
- New York City
Australian stocks closed higher ahead of the jobs report. Commodities and Australian dollar gained lifting resource linked stocks. Coal miners closed lower on the prospect of carbon tax implementation. Tiger Airways stopped selling tickets meeting regulatory demands.
- Bikram Pandey
- 05 Jul, 2011
- New York City
U.S. stocks closed nearly unchanged as gold and oil rebounded 2%. More than $12 billion worth of deals were announced. Peripheral nations in the euro-zone dominated the market sentiment. Portugal debt rating was lowered to junk status by a rating agency.
- Mukesh Buch
- 05 Jul, 2011
- New York City
Energy Transfer Equity agreed to acquire Southern Union for $8.9 billion. Immucor agreed to private for $1.97 billion. Johnson Controls completed acquisition of EnergyConnect Group, Inc. Torchmark declared 3-for-2 stock splits.