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BHP Billiton Net Soars 86%; Glencore Bids for Minara

Marcus Jacob
24 Aug, 2011
New York City

Stocks in Australia edged lower as metals and oil prices hovered near recent highs. BHP Billiton reported fiscal year revenues increased 36% and net soared 86% on a strong demand from Asian economies. Pacific Brands issued a cautious outlook. Qantas annual earnings were ahead of expectations.

Cisco Systems Q4 Earnings Call Transcript

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

The computer networking gear maker quarterly net sales rose 3.3% to $11.2 billion. Net income in the quarter slumped 36% to $1.2 billion on hefty restructuring charges. Earnings per share fell to 22 cents compared to 33 cents per share for the year-ago quarter.

UK Indexes Gain; BHP Billiton Record Net

Arthi Gupta
24 Aug, 2011
New York City

The UK indexes gained after mixed global economic data. Glencore offered A$0.87 a share in cash for remaining stake in Australia-based Minara Resources. BHP fiscal year net surged to record high on the revenues gain of 36% and a strong demand from China.

U.S. Durable Orders Rise 4%; Toll Brothers Net Surges 54%

Arthi Gupta
24 Aug, 2011
New York City

U.S. indexes rose after durable goods orders improved more than anticipated in July but mortgage activity dropped 2.4%. Par Pharmaceutical agreed to acquire Anchen Pharmaceuticals for $410 million. American Eagle and Toll Brothers quarterly net soared.

Euro-zone Orders Fall; German Confidence Deteriorates

Arthi Gupta
24 Aug, 2011
New York City

Euro-zone new industrial orders slumped, Hungarian retail sales fell, and Norway

European Indexes Rise; Heineken Plunges 13%

Arthi Gupta
24 Aug, 2011
New York City

European indexes traded higher and German business sentiment deteriorated in August. Denmark unveiled $2.1 billion stimulus package. Glencore bid for remaining stake in Australia-based Minara Resources. Accor swung to first-half profit.

S&P 500 Surges 3.4%, Gold Down 3%; China, Germany Slowdown

Bikram Pandey
23 Aug, 2011
New York City

U.S. stocks closed higher and indexes in Asia and Europe gained. U.S. Treasury completed the sale of $25 billion of 2-year bills at record low rates and its first auction after the rating downgrade. Two private surveys indicated slowing and sluggish manufacturing growth in China and Germany.

Nikkei Rebounds After 3-day Decline; Nintendo Surges 8%

Nigel Thomas
23 Aug, 2011
New York City

Stocks in Japan and Asia gained after three days of decline. The yen declined from its record high but hovered near the highs. Nintendo soared on the speculation of a new product release.

U.S. Movers: Heinz, Medtronic, Universal Display, Williams-Sonoma

Mukesh Buch
23 Aug, 2011
New York City

H. J. Heinz first quarter net income fell 6% to $226.1 million. Medtronic first quarter net income fell 1% to $821 million. Universal Display licensed its technology and agreed to sell its proprietary materials to Samsung. Williams-Sonoma second quarter net earnings rose 27.8% to $39.31 million.

UK Orders, Mortgage Lending Rise; G4S, John Wood Up

Arthi Gupta
23 Aug, 2011
New York City

The UK indexes edged higher after manufacturing orders rose in August and mortgage approvals increased in July. Antofagasta first-half profit soared on higher commodity prices and strong growth in copper and gold output.

U.S. Indexes Gain; Heinz, Medtronic Net Fall

Arthi Gupta
23 Aug, 2011
New York City

U.S. indexes gained after Chinese manufacturing activity rose. European markets gained and Asian markets soared. Boeing secured

Australian Index Up 2.2%; Oil Search Net Doubles

Marcus Jacob
23 Aug, 2011
New York City

The Australian benchmark index gained more than 2% and the dollar increased to $1.047. Foster

Euro Area Private Sector Activity Slows; German Sentiment Weakens

Arthi Gupta
23 Aug, 2011
New York City

Euro area private sector activity growth remained moderate in August. German economic sentiment worsened in August but leading economic index increased in June. Norway gross domestic product expanded and Swedish employment rose in the second quarter.

European Indexes Higher; UBS to Slash 3,500 Jobs

Arthi Gupta
23 Aug, 2011
New York City

European indexes traded higher and Spain completed the sale of bonds at a lower yield. UBS planned to eliminate 3,500 jobs. The Committee on Foreign Investment in the United States approved Deutsche Boerse and NYSE Euronext merger.

U.S., World Markets Struggle; Gold Nears $1,900

Bikram Pandey
22 Aug, 2011
New York City

U.S. stocks struggled for the fourth day in a row and investors sought safety in precious metals. The U.S. bond yields hovered near record lows and gold raced to $1,900 an ounce. Oil edged higher as Gaddafi struggled to hold on Tripoli. Markets in Europe gained more than 1% and in Asia closed mixed.

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