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U.S. GDP Growth Slowed to 1.3%; Chevron Earnings Surge

Arthi Gupta
29 Jul, 2011
New York City

U.S. indexes declined after GDP expanded at a slower pace of 1.3% in the second quarter. The debt ceiling impasse continued after the Republican lawmakers delayed a critical vote yesterday. Merck plans to cut up to 13,000 positions by the end of 2015.

Nikkei in 3-day Slump, Yen Nears Record High; Nintendo Plunges 12%

Nigel Thomas
29 Jul, 2011
New York City

Stocks in Japan fell for the third day in a row as the U.S. faces debt default. The irresponsible lawmakers in the House are playing reckless with the U.S. economic recovery and the endangering world economic growth. Nintendo plunged 20% on weak sales and Nisshin Steel lifted annual earnings view.

Euro-zone Inflation Eases to 2.5%; Spanish Unemployment at 20.9%

Arthi Gupta
29 Jul, 2011
New York City

Euro-zone inflation eased to 2.5% in July. German retail sales rose more than estimated and French consumer spending improved in June. Spain jobless rate declined to 20.9% in the second quarter.

U.S. Debt Impasse Drags European Indexes; Total Net Falls

Arthi Gupta
29 Jul, 2011
New York City

European indexes traded lower after ratings agency placed Spain''s ratings on review for possible downgrade. The U.S. debt ceiling impasse added to traders

Australian Index Eases 3.9% in the Week

Marcus Jacob
29 Jul, 2011
New York City

The Australian benchmark index declined to 11-month low as the global economic growth was endangered by the irresponsible U.S. lawmakers. U.S. is only three days away from a debt default that could slow the incipient economic recovery and raise rates worldwide.

Stocks Waver; Republicans Set Debt Agenda With Pet Projects

Bikram Pandey
28 Jul, 2011
New York City

The Republican Party controlled U.S. House is expected to vote on the revised deficit bill as investors demand a plan for a loge term debt solution that needs cuts in military and increase taxes for wealthy. Stocks wavered and gold and commodities traded near recent highs.

U.S. Movers: Aflac, CME, Exxon, du Pont, Time Warner, Visa

Mukesh Buch
28 Jul, 2011
New York City

Aflac second quarter net earnings declined 52%. CME second quarter net rose 8% to $293.7 million. Exxon Mobil second quarter net income surged 41% to $10.7 billion. E.I. du Pont second quarter net income rose 5% to $1.2 billion. Royal Dutch Shell second quarter net income surged 97% to $8.7 billion.

U.S. Stocks Turn Positive on Job, Housing Data; House Vote Watch

Arjun Dave
28 Jul, 2011
New York City

The U.S. indexes trended lower as the House prepares to vote on a revised spending plan. The U.S. may not be able to avert a debt downgrade. Weekly jobless claims fell below 400,000. Exxon Mobil quarterly net fell on lower refining margins.

Indexes in Europe Decline 1%; Credit Suisse, BASF, Siemens Fall

Devan Biswas
28 Jul, 2011
New York City

European markets turned lower for the third day in a row on a string of weak earnings and a decline in confidence index in the euro-zone. The indexes fell more than 1% in Germany, France, Greece, Switzerland and Sweden.

Nikkei Drops 1.5%; Hitachi Construction Up, Advantest, NTT Data Down

Nigel Thomas
28 Jul, 2011
New York City

Stocks in Japan declined on the growing prospect of the U.S. default or a credit rating downgrade and the yen edged near a record high. Advantest dropped 7% on weaker than expected sales outlook and Hitachi Construction Machinery gained 4% on 91% rise in operating income.

Australian Index Drop 1.6%; Wesfarmers Sales Up

Marcus Jacob
28 Jul, 2011
New York City

Australian stocks dropped after the U.S. markets declined as much as 2% on the prospect of the debt default. Banks and resources linked companies traded lower as the U.S. lawmakers act recklessly with the debt negotiations and put global growth at risk. The Australian dollar traded at a new high.

Amazon.com Q2 Earnings Call Transcript

123jump.com Staff
28 Jul, 2011
New York City

The online retailer net sales soared 51% to $9.91 billion in the quarter. Net quarterly income fell 8% to $191 million. Earnings per share slid to 41 cents versus 45 cents per share a year-ago quarter. The company estimates net sales of $10.3 billion to $11.1 billion for the third quarter.

S&P Index Drops 2%, U.S. Risks AAA Rating Downgrade

Bikram Pandey
27 Jul, 2011
New York City

U.S. stocks declined sharply as the debt impasse continues and House Speaker John Boehner struggles to gain support of the Republic Party members for his plan. The U.S. debt rating could be lowered by at least one rating agency.

U.S. Movers: Amazon, Boeing, ConocoPhillips, Juniper, Norfolk, Zimmer

Mukesh Buch
27 Jul, 2011
New York City

Aetna second quarter net income increased 9% to $536 million. Amazon.com second quarter net income decreased 8% to $191 million. ConocoPhillips quarterly net income declined to $3.4 billion. Boeing second quarter net income increased 20% to $941 million.

U.S. Debt-Talks Impasse Finally Catches Up With Markets

Bikram Pandey
27 Jul, 2011
New York City

U.S. stocks declined as markets finally began to digest to possible impact of the failure to increase debt ceiling by the deadline August 2. The indexes turned lower and dragged markets in Europe. Amazon sales soared 50% and Boeing lifted its earnings outlook.

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