- Bikram Pandey
- 15 Jul, 2011
- New York City
The UK indexes edged lower and Rebekah Brooks resigned as the chief executive officer of News International. News Corp has been reeling under pressure from several UK and U.S. inquiries that may unearth details of one of the longest held practices of phone hacking perfected at the company.
- Arthi Gupta
- 15 Jul, 2011
- New York City
U.S. indexes gained after consumer prices dropped 0.2% but industrial production rose in June. Icahn offered to acquire the remaining shares in Clorox in a deal valued at $12.6 billion. Citigroup quarterly net rose 24% despite a drop in revenue.
- Arthi Gupta
- 15 Jul, 2011
- New York City
Euro area trade gap narrowed in May after exports rose 1.5%. European new car registrations fell and Swedish home prices remained flat in June. German factory employment increased and Dutch trade surplus rose in May.
- Nigel Thomas
- 15 Jul, 2011
- New York City
Stocks in Japan regained the upper end of the trading range of the last five weeks as the yen hovers near 4-month high. Electronics retailers jumped on the speculation that Japan may revive energy efficiency program as it faces severe power shortage this summer.
- Arthi Gupta
- 15 Jul, 2011
- New York City
European indexes traded lower ahead of the European Banking Authority tests results later today. Italian Parliament to vote today on a
- Marcus Jacob
- 15 Jul, 2011
- New York City
Australian stocks closed lower. BHP Billiton agreed to acquire Petrohawk Energy for $12.1 billion and assume $3 billion in debt. Fortescue Metals production rose 6% in the quarter but costs surged 18%. News Corp woes deepened as lawmakers in the U.S. and UK deepen investigations.
- 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.