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Australian Index Dives 1%; Metcash Won Interim Court Ruling

Marcus Jacob
20 Sep, 2011
New York City

The Australian stocks declined on the persistent worries related to the euro zone and growing pessimism about the prospect of Greek default. Italy rejected a debt downgrade by S&P. Resource stocks and banks declined in Sydney trading. Metcash won an interim court ruling to acquire Franklins.

Greece, Spain Sell Debt; Italy Rejects Rating Downgrade

Arthi Gupta
20 Sep, 2011
New York City

The European indexes pared losses on optimism that Greece may reach an agreement with lenders on the next bailout tranche. Italy rejected a rating downgrade from S&P. Spain sold

U.S. Indexes Test 2% Decline; Weak Housing Market Outlook

Bikram Pandey
19 Sep, 2011
New York City

U.S. indexes dropped nearly 2% as markets reacted for the first time after European ministers delayed the decision to release the next tranche of Greek bailout. The euro declined and oil fell. In late afternoon rally, stocks recovered most of the losses in New York.

U.S. Movers: Lennar, Netflix, Tyco International, United Technologies

Mukesh Buch
19 Sep, 2011
New York City

Lennar third quarter net income decreased to $20.7 million. Netflix expect to split its DVD-by-mail service. Tyco International plan to separate three independent publicly traded companies. United Technologies intended to acquire Goodrich.

UK Indexes Decline 2%; Home Prices Climb 0.7%

Arthi Gupta
19 Sep, 2011
New York City

The UK indexes slumped 2% on the ongoing European debt crisis. European finance ministers failed to approve the Greek bailout portion. The UK household finance index eased but home prices climbed in September.

S&P 500 Index Declines 1.6%; Lennar Net Falls 31%

Arthi Gupta
19 Sep, 2011
New York City

U.S. and global indexes slumped after European finance ministers failed to approve the Greek bailout portion. President Obama

Australian Indexes Down 1.6%; Resource Stocks, Banks Decline

Marcus Jacob
19 Sep, 2011
New York City

Stocks in Australia turned lower following the declines in the Asian markets. European ministers failed to release the

European Indexes Down 2%, Banks Lead Decliners

Arthi Gupta
19 Sep, 2011
New York City

The European indexes traded lower after euro area finance ministers postponed a decision to release next tranche of bailout funds for Greece. German Chancellor Angela Merkel suffered another regional election defeat in Berlin. Euro area construction output rose in July.

Euro-zone Construction Up 1.2%; Spain

Arthi Gupta
19 Sep, 2011
New York City

Euro area construction output rose, Greek industrial orders and turnover soared, but Spanish industrial orders slumped in July. Finnish producer price inflation eased in August. Spanish government debt rose in the second quarter.

The Fresh Market Q2 Earnings Call Transcript

123jump.com Staff
17 Sep, 2011
New York City

The specialty grocery retailer quarterly net sales increased 13.6% to $259.5 million on comparable store sales rise of 4.6%. Net income in the quarter fell 7% to $10.5 million. Earnings per share dropped to 22 cents compared to 24 cents per share in the prior-year period.

U.S. Movers: 99Cents, AAR, Cooper, Diamond Foods, Research In Motion

Mukesh Buch
16 Sep, 2011
New York City

AAR first quarter net income rose to $16.6 million. Cooper Industries updated outlook for the third quarter sales expected to increase 9% to 12%. Research In Motion second quarter net income declined to $329 million.

U.S. Indexes in 5-day Rally; Weekly Gain of 5.4% in S&P 500, 6.3% in Nasdaq

Bikram Pandey
16 Sep, 2011
New York City

U.S. and European index closed higher after European finance ministers decided not to offer any new stimulus measures. The S&P 500 index increased 5.4% and the Nasdaq index added 6.3% in the week. Both indexes gained for the fifth day in a row.

UK Households Confidence Improves; Aurelian O&G Slumps 60%

Arthi Gupta
16 Sep, 2011
New York City

The UK indexes rose ahead of a meeting of European finance ministers in Poland. The UK households

Nikkei in Tokyo Soars 2.3%; Hoosiers, Olympus Rise

Nigel Thomas
16 Sep, 2011
New York City

The Nikkei index in Tokyo soared 2.3% and markets in Asia gained more than 2% after four central banks coordinated to provide more short term dollar liquidity to European banks. Tokyo Electric Power declined 6%. Hoosiers Corp jumped its daily limit of 20.3% on earnings revision.

U.S. Stocks Search Bottom; RiM Plunges 23%

Arthi Gupta
16 Sep, 2011
New York City

U.S. indexes futures struggled and tech stocks were lower after Research in Motion Limited net plunged 59%. GE expanded presence in Russian healthcare and energy markets. General Dynamics won $1.8 billion contract for construction of two ships in the Zumwalt-class program.

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