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Market Update

U.S. Movers: Bombardier, DryShips, Joy Global, PVH Corp, Vera Bradley

Mukesh Buch
31 Aug, 2011
New York City

Bombardier second quarter net income surged 53% to $211 million. DryShips reported second quarter net loss of $114.1 million. Joy Global third quarter net income soared 46% to $173.11 million. Lions Gate said Carl and Brett Icahn agreed to sell up to 44.2 million shares to the company.

UK Stocks Gain 2% and Confidence Dips, Ireland Unemployment at 14.4%

Arthi Gupta
31 Aug, 2011
New York City

The UK indexes extended gains of more than 2% for the second day in a row. UK consumer confidence dipped in August. Irish jobless rate rose to eight-month high in August. Tesco decided to sell its business in Japan.

U.S. Private Jobs Rise; Mortgage Applications Drop

Arthi Gupta
31 Aug, 2011
New York City

The U.S. indexes traded higher and the private sector employment rose in August but mortgage and refinancing activity fell. Carl Icahn agreed to sell his stake in Lions Gate Entertainment. AT&T proposed to bring back 5,000 jobs as a condition of T Mobile merger approval.

Ross Stores Q2 Earnings Call Transcript

123jump.com Staff
31 Aug, 2011
New York City

The apparel and home accessories retailer sales for the quarter increased 9% to $2.09 billion, with comparable store sales up 5% on top of a 4% gain in the prior year. Net earnings in the quarter rose 15% to $148.3 million. Earnings per share rose to $1.28 from $1.07 per share a year-ago quarter.

Japan Stocks Flat; Taiheiyo Cement Plunges 14%

Nigel Thomas
31 Aug, 2011
New York City

Stocks in Japan edged up a fraction and extended rally for the fifth day in a row. Automakers, banks and trading companies led the advancers. The Yen traded near its 25-year high. Taiheiyo Cement plunged 14% after it proposed to a stock offering.

Australian Stocks Advance; Rock, MyState Merge

Marcus Jacob
31 Aug, 2011
New York City

The Australian stocks traded higher and the dollar was firm. Traders are betting that the dollar to rise as much as $1.20 on the sustained exports to China and other nations in Asia. The Rock agreed to a merger with MyState on 40% premium.

Euro-zone Unemployment at 10%; Swedish Growth Lowered

Arthi Gupta
31 Aug, 2011
New York City

Euro-zone inflation was steady at 2.5% in August and unemployment was at 10% in July. German unemployment declined but Italy''s annual inflation increased in August. Norway

Germany Approves EFSF Reforms; Vivendi Net Rises, Carrefour Swings to Loss

Arthi Gupta
31 Aug, 2011
New York City

European indexes rose after German lawmakers approved reforms to the European rescue fund. The euro area jobless rate remained flat at 10% in July. National Bank of Greece swung to first-half loss. Bouygues announced a share repurchase worth

U.S. Stocks Rise; Exxon, Rosneft in Arctic Deal, Lehman to Pay $65 Billion

Bikram Pandey
30 Aug, 2011
New York City

The U.S. indexes rebounded in the afternoon after dropping as much as 1%. The consumer confidence index declined to the lows last seen in April 2009 and metropolitan home price index declined in June. Exxon Mobil Corp and OAO Rosneft reached an agreement to explore Arctic oil.

Nikkei Extends Gains in 4-day Rally; Banks, Sony up

Nigel Thomas
30 Aug, 2011
New York City

Stocks in Tokyo traded higher for the third day in a row. Japan elected Yoshihiko Noda, sixth prime minister in five years. Sony Corp and Hitachi and Toshiba are expected to form venture to make liquid crystal displays. Banks closed higher and energy linked stocks rebounded.

U.S. Movers: Barnes & Noble, Dollar General, DSW, Peabody, VeriFone

Mukesh Buch
30 Aug, 2011
New York City

Dollar General second quarter net income increased 3.4% to $146.04 million. DSW second quarter net income soared 43.7% to $33.7 million. Peabody agreed for takeover of Macarthur Coal valuing A$4.8 billion. Bank of Nova Scotia third quarter net income increased 18% to $1.3 billion.

UK Indexes Up 1.9%; BP, Reliance Finalize $7.2 Billion Deal

Arthi Gupta
30 Aug, 2011
New York City

The UK indexes gained after mortgage approvals increased and M4 money supply fell in July. BP inked $7.2 billion deal with India-based Reliance Industries. Bunzl surged 4.3% after first-half revenues grew 4% to

U.S. Growth Outlook Lowered; Dollar General Net Rises

Arthi Gupta
30 Aug, 2011
New York City

U.S. indexes traded lower ahead of the consumer confidence report and the minutes of the FOMC meeting held in August. Bank of America agrees to sell its partial stake in China Construction Bank.

Euro-zone Confidence Slumps; Spanish Inflation Eases to 2.9%

Arthi Gupta
30 Aug, 2011
New York City

Euro-zone economic confidence slumped but Italy business sentiment strengthened in August. Portuguese retail sales increased and. Swiss consumption indicator fell in July. Polish economy expansion flat in the second quarter.

Harvey Norman Cautious Outlook, Macarthur Agrees to Peabody Bid

Marcus Jacob
30 Aug, 2011
New York City

The Australian benchmark index was nearly unchanged but retained a positive bias. Macarthur Coal agreed to $16 a share that valued the company at A$4.8 billion. Harvey Norman declined on the cautious outlook.