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Focus Shifts to Record Italian, Spanish Bond Yields

Bikram Pandey
02 Aug, 2011
New York City

The focus in the European trading shifted to the euro-zone sovereign debt stress as the yields on Italian and Spanish bonds rose to a record high and inched in the danger zone. Belgium completed the sale of Treasury bonds but yields rose. The euro declined.

Yen Strength Worries Japan; Chip Equiment Makers Fall

Nigel Thomas
02 Aug, 2011
New York City

Stocks in Tokyo edged lower and the yen traded near record high. The indexes and electronics makers fell after the U.S. manufacturing index dropped to a 2-year low. Electronic chip equipment makers fell after Tokyo Electron cut its full year out by half. Nippon Soda gained on the revised outlook.

Australian Rates on Hold; Buildings Approval Falls 3.5%

Marcus Jacob
02 Aug, 2011
New York City

Australian stocks closed lower after the Reserve Bank of Australia left its key lending rate on hold for the tenth month to 4.75% and cited that measures that affect long term inflation are on the rise. Building approvals declined 3.5% in June.

U.S. Indexes Volatile; Economy to Weaken After Debt Deal

Bikram Pandey
01 Aug, 2011
New York City

U.S. indexes turned lower after U.S., Europe, China and India reported weak manufacturing reports. Market indexes opened higher on the expectations that the debt framework agreed by the White House and Congressional leaders will clear legislative bodies ahead of Aug 2 deadline.

U.S. Movers: Acorda, Allstate, Humana, Loews, Sohu.com

Mukesh Buch
01 Aug, 2011
New York City

Acorda reported second quarter net loss narrowed. CNA Financial second quarter net income fell to $126 million. Allstate reported second quarter net loss of $620 million. Humana second quarter net income increased 35.3% to $460.3 million. Loews second quarter net income decreased to $252 million.

UK Manufacturing Declines; HSBC Plans 30,000 Jobs Cut

Arthi Gupta
01 Aug, 2011
New York City

The UK indexes rose after the U.S. lawmakers agreed on a broad framework of deficit cut that requires approval of two legislative bodies. Manufacturing activity in the UK declined in July. HSBC first-half net rose 36% and the firm planned to cut 30,000 jobs by the end of 2013.

Next Phase in U.S. Debt Brawl; Indexes Struggle on Manufacturing Slowdown

Arthi Gupta
01 Aug, 2011
New York City

U.S. indexes gained after the White House and the Congressional leaders agreed to raise the debt ceiling. First Niagara agreed to acquire 195 branches from HSBC subsidiary for $1 billion. European manufacturing activity declined in July.

Nikkei Gains 1.3%, Yen Nears 4-month High; Fanuc, Mitsubishi UFJ Up

Nigel Thomas
01 Aug, 2011
New York City

Stocks in Japan closed higher on the hopes that the U.S. lawmakers will approve the debt framework agreed by the leaders of the Senate, the House and the White House. The yen hovered near its record high. Exporters and electronics makers gained.

Euro Area Jobless Rate Flat at 9.9%; Manufacturing Weakens

Arthi Gupta
01 Aug, 2011
New York City

European manufacturing activity fell in July. Euro area jobless rate remained flat at 9.9% and Italy jobless rate dipped in June to 8% and Danish retail sales fell.

Cautious Advance in European Indexes; TNT Net Plunges 85%

Arthi Gupta
01 Aug, 2011
New York City

European indexes traded higher after the U.S. lawmakers agreed on a spending framework that may worsen unemployment in the next two years. EADS agreed to acquire Vizada for $960 million. The euro-zone unemployment was flat in 9.9%. TNT quarterly earnings slumped 85%.

Australian Stocks Rebound; Macarthur Rejects Peabody Offer

Marcus Jacob
01 Aug, 2011
New York City

The Australian benchmark index rebounded from the lows of 11-month after the U.S. lawmakers agreed on a framework to cut spending and lift debt ceiling that may not cut unemployment and hut the economy more in the short term.

Whole Foods Market Q3 Earnings Call Transcript

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

The natural and organic foods supermarket said quarterly sales increased 11% to $2.4 billion. Comparable store sales rose 8.4% or 17.2% on a two-year stacked basis. Net quarterly income surged 35% to $88.5 million. Earnings per share grew to 50 cents versus 38 cents per share a year-ago quarter.

U.S. Recession Deeper Than Estimated; World Markets on the Edge

Bikram Pandey
29 Jul, 2011
New York City

U.S. stocks struggled in anticipation that the House will make a progress on the debt vote and the Senate and the White House will find the agreement with the opposition. GDP growth slowed to 1.3% in the second quarter and depth of the 2007-2009 recession was revised deeper.

U.S. Movers: Amgen, Aon, Chevron, ITT, Merck, Starbucks, Reuters

Mukesh Buch
29 Jul, 2011
New York City

American Electric Power second quarter net earnings rose to $352 million. Amgen second quarter net income fell to $1.17 billion. Chevron second quarter net income surged to $7.73 billion. Merck second quarter net income rose to $2.02 billion. Starbucks third quarter net earnings rose 34% to $2.8 bn.

UK Confidence Falls, Home Prices Up; BSkyB Net Falls 8%

Arthi Gupta
29 Jul, 2011
New York City

The UK indexes dropped after consumer confidence fell to a two-year low in July and home prices increased 0.2% in July. UK mortgage approvals increased in June. British Sky Broadcasting net declined 8%.

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