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Sensex Edges Higher; Oracle Financial, State Bank of India Up

Devan Biswas
11 May, 2011
New York City

Stocks in Mumbai traded in a tight range as banks, real estate developers and resources linked stocks led the most active list. State Bank of India lifted prime lending rate by 75 basis points following an increase of 50 basis points by the RBI. Oracle Financial Services soared 11%.

Second Day Advance in Japan Stocks; Orix, NEC, Sumitomo Rubber Rise

Nigel Thomas
11 May, 2011
New York City

Stocks in Japan closed higher for the second day in a row. The yen weakened but held firm. Finance Ministry report showed that the central bank conducted only one currency intervention in the quarter to March.

Australian Stocks, Dollar Advance; David Jones, Myers, Westfield in Focus

Marcus Jacob
11 May, 2011
New York City

Australian stocks advanced after China reported inflation above 5% but not high enough to slow down the economy. The Australian dollar edged up to $1.08. Westfield lifted outlook for development construction. David Jones after it reaffirmed annual earnings outlook.

JPMorgan Q1 Earnings Call Transcript

123jump.com Staff
10 May, 2011
New York City

The financial services provider total quarterly net revenue dropped 9% to $25.22 billion. Net income in the quarter surged 67% to $5.56 billion. Earnings per share rose to $1.28 as against 74 cents per share a year ago.

UK Index Advances 1.3%; TUI Travel, Imperial Tobacco Rise

Nigel Thomas
10 May, 2011
New York City

UK stocks climbed tracking the gains in European markets. UK retail sales volume increased 5.2% in April largely on the account of calendar shift and one-time event. Intercontinental Hotels Group guided higher sales at Holiday Inn and Imperial Tobacco Group reported higher sales.

Greek Debt Auction Lifts European Market Indexes

Arjun Dave
10 May, 2011
New York City

European markets closed higher after Greece successfully completed the sale of 6-month debt and attracted a large chunk of foreign investors to the auction. Market indexes in Germany, Switzerland, Greece, Italy and Spain advanced. The IMF is expected to offer as much as

U.S. Movers: Aeroflex , A123 Systems, CVR Energy, Fossil, Universal Display

Mukesh Buch
10 May, 2011
New York City

Aeroflex third quarter net income rose to $4.13 million. CVR Energy first quarter net income grew to $45.8 million. Fossil first quarter net income soared 55.5% to $55.8 million. Triumph fourth quarter net income rose to $52.3 million. Universal Display first quarter net loss widened to $11.9 mn.

U.S. Stocks Advance on Deals; Microsoft to Pay $8.5 Billion for Skype

Bikram Pandey
10 May, 2011
New York City

U.S. stocks traded higher on merger news. Microsoft agreed to acquire Skype for $8.5 billion in cash. American Idol parent CKX agreed to go private. China

Sensex in India Trade Sideways; Elevated Inflation Worries

Devan Biswas
10 May, 2011
New York City

Stocks in Mumbai closed lower in a volatile trading. Sustained elevated inflation and rising fuel prices has kept investors on the sidelines. The rupee edged lower to 45.36 as crude oil prices traded above $100 a barrel.

Earnings Lift Japan Stocks; Toshiba, Sumitomo Heavy, Hitachi Rise

Nigel Thomas
10 May, 2011
New York City

Japan stocks traded higher as earnings overshadowed growing sovereign default worries in the euro-zone. Toshiba, Hitachi and Sumitomo Heavy lead the gainers are reporting or guiding better than expected earnings. Softbank Corp estimated higher full-year earnings.

Australia Trims Spending and Targets Surplus; March Exports Soar

Marcus Jacob
10 May, 2011
New York City

Australian stocks declined for the second day as the federal government cut spending and deferred infrastructure projects to bring the deficit in control. Australia swung to a trade surplus in March. The dollar declined on the worries that China will tighten rates as trade surplus soared in April.

U.S. Movers: Advance Auto Parts, Dollar Tree, Limited Brands, Sears

Mukesh Buch
19 May, 2011
New York City

Advance Auto Parts first quarter net income grew to $109.6 million. Dollar Tree first quarter net income surged to $101.0 million. Limited Brands first quarter net income soared to $165.2 million. Sears Holdings reported first quarter net loss of $170 million.

U.S. Indexes Weak on Economic Data; LinkedIn IPO Soars 94%

Bikram Pandey
19 May, 2011
New York City

U.S. stocks fell after mind-Atlantic region showed weak manufacturing activity and existing home sales in April were weaker than expected. LinkedIn public offering soared on the first day of offering. French leaders worked behind the scenes to curtain the fallout from Dominique Strauss-Kahn scandal.

U.S. Stocks, Dollar Advance; Oil, Gold, Silver Rebound

Bikram Pandey
09 May, 2011
New York City

U.S. stocks retained positive bias as European markets declined and Asian markets struggled. Sovereign debt default worries resurfaced after Greek bond yields soared above 25%. Commodities rebounded. Crude oil gained 5% gold gained 1.4% and silver soared 7%.

U.S. Movers: BroadSoft, Dril-Quip, Sysco, Sempra Energy, Steris, AES, Zoran

Mukesh Buch
09 May, 2011
New York City

Dynegy reported first quarter net loss of $77 million. Sysco third quarter net earnings rose to $258.5 million. Sempra Energy first quarter net income soared to$258 million. The AES first quarter net income surged to $224 million. Zoran quarterly net loss widened to $30.3 million.

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