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U.S. Jobless Rate at 9.1%; Deficit Estimate Lowered 20%

Arthi Gupta
02 Sep, 2011
New York City

U.S. indexes fell after non-farm payroll level stagnated in August. The OMB estimated U.S. deficit to fall 20% to $1.316 trillion. Domestic automakers reported strong growth in U.S. auto sales in August. NextEra agreed to sell natural gas-fired power assets for $1 billion.

Nikkei in Japan Declined 1.2%; Quarterly Capital Spending Falls 8%

Nigel Thomas
02 Sep, 2011
New York City

The Nikkei index declined 1.2% on Friday and advanced 1.7% and gained for the second week. Capital spending in the quarter to June declined 7.8% from a year ago. Automakers declined after Toyota and Honda reported lower sales in the U.S.

Australian Index Down 1.5%; Qantas Yield Improves on Jetstar

Marcus Jacob
02 Sep, 2011
New York City

The Australian benchmark index dropped 1.5% on Friday and gained 1% in the week. SABMiller turn up heat on Foster

Euro Area PPI Rises 6.1%; Spain

Arthi Gupta
02 Sep, 2011
New York City

Euro area zone producer prices increased but Czech retail sales fell in July. Spanish unemployment and export price inflation rose in August. Hungary trade surplus narrowed in June.

European Indexes Slump 2%; Deutsche Bank, Credit Agricole Drop 5%

Arthi Gupta
02 Sep, 2011
New York City

The European market indexes declined more than 2%. Talks between Greece and international lenders suspended after disagreement over budget cuts. Shell agreed to sell stake in gas transport system to Infragas Norge AS for $730 million. Peugeot plans to invest

U.S. Indexes Decline Ahead of Jobs Report; Chain Stores Sales Shine

Bikram Pandey
01 Sep, 2011
New York City

The U.S. indexes dropped more than 1% ahead of the employment report tomorrow. The yield on the Treasuries declined. Goldman Sachs declined 3% after it agreed to pay $53 million in penalties related mortgage loans servicing and foreclosure processing.

Greif, Methode, SAIC Fall; Ciena, Movado, UTi Rise

Mukesh Buch
01 Sep, 2011
New York City

Ciena third quarter net loss narrowed to $31.4 million. C&J Energy second quarter net income surged to $33.2 million. SAIC second quarter net income fell to $178 million. Toronto-Dominion Bank third quarter net income increased to $1.45 billion. UTi second quarter net income rose to $22.9 million.

UK Manufacturing Drops; Hargreaves, Hays Surge

Arthi Gupta
01 Sep, 2011
New York City

The UK indexes fell on mixed global economic data. UK manufacturing declined to a 26 month-low in August. Glencore expressed intent to acquire stake in South African mining group Optimum Coal. Hargreaves surged 13% after fiscal year 2011 revenue increased 31% to

Nikkei Extends Rally to 6th Day; Steelmakers Up

Nigel Thomas
01 Sep, 2011
New York City

The benchmark index in Tokyo gained for the sixth day in a row on the rising optimism for exports. The yen traded near its record high. Steelmakers led the gainers on the falling material prices.

PetSmart Q2 Earnings Call Transcript

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

The specialty pet supplies and services retailer reported total quarterly sales increased 7.0% to $1.5 billion on comparable store sales rise of 5.0%. Net quarterly income grew 27% to $61 million. Earnings per share rose to 54 cents versus 41 cents per share in the year-ago quarter.

U.S. Weekly Jobless Claims, Productivity Drop

Arthi Gupta
01 Sep, 2011
New York City

U.S. indexes traded sideways after weekly jobless claims fell 12,000 to 409,000 and nonfarm business sector labor productivity decreased at a 0.7% annual rate in the second quarter. IBM agreed to acquire Canada-based Algorithmics for $387 million.

Australian Retail Sales, Business Investment Rise; Manufacturing Weakens

Marcus Jacob
01 Sep, 2011
New York City

The Australian stocks traded higher and the dollar was firm after retail sales increased and business investment in the second quarter was higher than expected. However, manufacturing continued to struggle under strong dollar.

Euro Area Manufacturing Contracts; Swiss Retail Sales Drop 3.4%

Arthi Gupta
01 Sep, 2011
New York City

Manufacturing growth slumped in the euro area in August. Norway money supply growth improved but Danish jobless rate remained flat in July. Denmark industrial turnover rose and Swiss gross domestic product

German GDP Slows to 0.1% Growth; Pernod Ricard Net Rises 10%

Arthi Gupta
01 Sep, 2011
New York City

European indexes slumped after euro area manufacturing activity fell to a 2-year low in August. German second quarter GDP was estimated at 0.1% increase. Imtech agreed to acquire Qbranch. Pernod Ricard net rose 10% driven by strong growth in emerging markets.

World Stocks Turn Positive; U.S. Sue to Block AT&T, T-Mobile Merger

Bikram Pandey
31 Aug, 2011
New York City

The U.S. stocks closed higher after factory orders rose 2.4% in July. The narrow index of large companies turned positive and telecom stocks were under pressure after the Justice Department blocked the $39 billion merger between AT&T and T Mobile.

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