- Nigel Thomas
- 12 Nov, 2010
- New York City
UK stocks closed lower on a weakness in resource stocks. Copper prices declined from the record after China reported accelerating inflation. European leaders discuss renewed threat of sovereign debt stress in the region.
- Mukesh Buch
- 12 Nov, 2010
- New York City
Dillard''s third quarter revenue decreased to $1.34 billion. D.R. Horton fourth quarter sales fell to $925.7 million. Nvidia Corp. revenue declined 6.6%. Walt Disney fourth quarter revenues decreased 1% to $9.7 billion.
- Bikram Pandey
- 12 Nov, 2010
- New York City
U.S. stocks traded lower after markets in Asia plunged and European indexes traded lower. G20 nations meeting failed to produce clear guidelines to set right or tackle rising global financial and trade imbalances. J.C. Penney reported better higher profit.
- Devan Biswas
- 12 Nov, 2010
- New York City
G20 nations issued a statement after a meeting of two days that focused on broad issues of global imbalances and failed to show any concrete plans. The leaders deferred to the concrete steps to the next meeting and said the importance of common indicators to track global developments.
- 123jump.com Staff
- 12 Nov, 2010
- New York City
Stock in Mumbai slumped. Autoline Industries gained 1.8% after net profit increased 115%. Jamna Auto Industries soared 10.6% after net profit surged 107%. Lumax Auto Technologies increased 4.1% after net profit gained 124.4%. Man Industries advanced 2.7% after net profit surged 710%.
- Nigel Thomas
- 12 Nov, 2010
- New York City
Stocks in China plunged on the worries that accelerating inflation will spark another round of bank tightening. The benchmark indexes in Shanghai plunged more than 5%. Hong Kong reported third quarter economic growth at 6.8%.
- Marcus Jacob
- 12 Nov, 2010
- New York City
Stocks in Tokyo declined after rising for two days and banks declined. Sumitomo Mitsui Financial and Mizuho Financial revised annual earnings outlook. Mizuho also agreed to take 2% stake in the U.S. based asset manager BlackRock.
- Bikram Pandey
- 11 Nov, 2010
- New York City
U.S. stocks declined after Cisco Systems guided lower revenues on weaker sales to governments in Japan, Europe and the U.S. European markets fell on the renewed worries that Ireland and other nations may struggle to repay sovereign debts. Copper closed at a record on the inflation worries in China.
- Devan Biswas
- 11 Nov, 2010
- New York City
UK stocks and broader indexes fell after investors feared that Ireland and other smaller nations may struggle with bonds repayment. Copper prices closed at a record high on the inflation worries in China. Irish bonds yields rose to 9%.
- Marcus Jacob
- 11 Nov, 2010
- New York City
European markets came under pressure after investors face significant losses linked to Ireland related debts and bonds. The loss worries quickly extended to other struggling nations including Spain, Portugal and Greece. Siemens AG lifted its dividend. Telefonica SA fell on weaker earnings.
- Nigel Thomas
- 11 Nov, 2010
- New York City
Advance Auto Parts Inc traded higher after the auto parts retailer lifted its annual earnings outlook to between $3.80 and $3.90 a share. Prudential Financial Inc said in a statement that the company is looking to raise as much as $1 billion. Cisco Systems dropped 16%.
- Mukesh Buch
- 11 Nov, 2010
- New York City
Stock in Mumbai fell. Apollo Tyres plunged 6% after net profit fell 59%. DLF Limited slumped 4% after net profit fell 5%. Nagarjuna Construction declined 1% and net profit rose 35%. Ranbaxy Laboratories slumped 3% and net profit soared 169%. Vardhman Industries gained 4% net profit spurted 116%.
- Devan Biswas
- 11 Nov, 2010
- New York City
U.S. stock indexes fell sharply after Cisco guided lower than expected sales in the current quarter. The weak guidance dragged tech stock heavy Nasdaq down 1.7%. U.S. home seizures declined 9% in October. The gold gained the dollar edged up.
- Nigel Thomas
- 11 Nov, 2010
- New York City
Stocks in China region closed higher on the strength in the banking and resource stocks. Rating agency Moody
- Marcus Jacob
- 11 Nov, 2010
- New York City
Tokyo stocks advanced for the second day in a row after banks and exporters gained. Resource stocks closed higher after commodities and crude oil advanced. APEC ministers are looking to speed up free trade in the region as they fear world economic slowdown.