- 123jump.com Staff
- 30 Nov, 2010
- New York City
The international fashion house reported total net quarterly revenue rose 17.4% to $614 million. Net income in the quarter increased 7.8% to $69.1 million. Earnings rose to 75 cents per share, compared to 69 cents per share for the year-ago quarter.
- Mukesh Buch
- 30 Nov, 2010
- New York City
Barnes & Noble comparable sales increased 59%, driven by digital initiatives but losses. Altera declined after the company guided lower than expected fourth quarter revenues. Google declined after EU opened investigation. Interactive Brokers Group rose after it declared a special dividend.
- Arthi Gupta
- 30 Nov, 2010
- New York City
European market indexes declined and yields on sovereign bonds of Portugal, Spain and Ireland rose. The euro dropped to a 2-month low and fell 8% from the peak a month ago. German unemployment fell in November. ABB agreed to acquire U.S.-based Baldor Electric for $4.2 billion.
- Arthi Gupta
- 30 Nov, 2010
- New York City
Stocks in New York traded sideways after Cyber Monday sales rose and European Union unemployment rose to a 12-year high. Switzerland-based ABB agreed to buy Baldor Electric for $4.2 billion. European Union opens an investigation relating to antitrust practices of Google.
- Bikram Pandey
- 30 Nov, 2010
- New York City
Stocks traded lower as investors focused on the rising sovereign debt yields in Europe. The dollar gained against the euro and gold closed higher. Google Inc is said to be nearing its largest deal to acquire online coupon marketer Groupon Inc for $6 billion.
- Mukesh Buch
- 30 Nov, 2010
- New York City
Stock in Mumbai rose. Dewan Housing Finance is expected to acquire Deutsche Postbank Home Finance for $240 million. Ispat Industries gained 2.2% on a speculation that ArcelorMittal may acquire a stake in the trading company.
- Chandrasekhar Atreya
- 30 Nov, 2010
- New York City
Stocks in Mumbai responded to faster than anticipated economic growth in the quarter to September. Finance Minister Mukherjee revised fiscal year economic growth outlook to 8.75%. India threatens to cancel telecom licenses of 85 companies that were either ineligible or are still not in operation.
- Chandrasekhar Atreya
- 30 Nov, 2010
- New York City
Stocks in Shanghai and Hong Kong faced heavy selling pressure ahead of widely anticipated tighter liquidity measures next week. Bank lending is ahead of national target and policy makers are worried of rising inflation. Banks and property developers led the decliners.
- Chandrasekhar Atreya
- 30 Nov, 2010
- New York City
Stocks in Tokyo fell sharply tracking the losses in the European markets and a rise in the dollar. Housing starts rose in October and unemployment rose for the first time in four months. Regional assessment led to the downgrade of 9 of the 11 regions.
- Chandrasekhar Atreya
- 30 Nov, 2010
- New York City
Australian stocks closed lower tracking losses in resource stocks as the U.S. dollar advanced against all major currencies. Current account deficit widened in the third quarter to A$7.83 billion. Retailers closed lower after Metcash issued profit warning and net in the first half edged up 0.9%.
- Bikram Pandey
- 29 Nov, 2010
- New York City
U.S. stocks rebounded from the loss of more than 1% on better than expected retail sales. Euro declined as investors fear widening debt contagion in Europe after Ireland bailout. Commodities closed higher and crude oil, copper and gold edged up.
- Marcus Jacob
- 29 Nov, 2010
- New York City
UK indexes declined after investors worried that Ireland bailout may not prevent future bailouts in the euro-zone. UK Treasury watchdog lowered 2011 and 2012 economic growth outlooks.
- Mukesh Buch
- 29 Nov, 2010
- New York City
Retailers traded mixed after stronger than expected Thanksgiving holiday sales. Amazon.com, Abercrombie & Fitch and Blue Nile gained but Limited and Tiffany declined. Quiksilver estimated fourth quarter net revenues between $492 million and $497 million.
- Nigel Thomas
- 29 Nov, 2010
- New York City
European indexes fell sharply after Ireland agreed to terms of bailout and investors worried that the debt contagion may not be prevented from reaching to Spain. European confidence index increased in October. Banks and insurance companies declined.
- Bikram Pandey
- 29 Nov, 2010
- New York City
Market indexes in New York dropped more than 1% tracking losses in Europe. The European nations agreed to lend