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U.S. Stocks Struggle, Silver Rebounds; Hertz Revises Dollar Offer

Bikram Pandey
09 May, 2011
New York City

U.S. stocks struggled to hold early gains as commodities rose and sovereign default worries resurfaced in the euro-zone. Gold gained 1% and silver rebounded more than 4% as precious metals rallied after a sell-off last week. Hertz revised its offer for Dollar Thrifty.

European Indexes Drop, Greek 2-year Bond Yield Soars to 25.4%

Nigel Thomas
09 May, 2011
New York City

European markets opened lower and declined sharply in the late afternoon on the worries that Greek bonds may face restructuring as early as next month. Banks and insurance companies declined in the region. Yields on 2-year Greek bonds surged to 25.4% and yields on Irish and Portuguese bonds surged.

Sensex in India Close Flat; Adani Power, Hindustan Unilever Rise

Devan Biswas
09 May, 2011
New York City

Stocks in Mumbai edged slightly higher after companies announced better than expected earnings. Adani Power, Federal Bank and Hindustan Unilever gained after the release of earnings. Piramal Life Sciences gained after its announced the spinoff of its research division.

Nikkei Declines Second Day; Japan Oders Nuclear Plant Closure

Nigel Thomas
09 May, 2011
New York City

Investors sold stocks in Tokyo for the second day in a row on uncertainty related to power supply in central Japan. Prime Minister Naoto Kan ordered the temporary shutdown of a nuclear power plant in an earthquake prone zone. Chubu Electric dropped 10%. Kirin and Yamaha declined on earnings worries.

Australia Awaits Budget; Jobs Ads Rise for the Eleventh Month

Marcus Jacob
09 May, 2011
New York City

Australian stocks edged higher in a cautious trading ahead of federal budget tomorrow. The Australian dollar and oil closed higher. The Australian economy continues to create jobs as the latest private survey showed a sharp jump in ads. The jobs ads increased for the eleventh month in a row.

Netflix Q1 Earnings Call Transcript

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

The online movie rental company said quarterly revenue rose 46% to $718.55 million. Net income in the quarter surged 86% to $60.2 million, helped by strong subscriber growth in the U.S. Earnings per share increased to $1.11 per diluted share versus 59 cents per share in the year-ago quarter.

UK Manufacturing Activity Slows, Retail Sales Subdued

Arthi Gupta
03 May, 2011
New York City

The UK indexes slid after manufacturing activity slowed and retail sales growth remained subdued in April. Irish manufacturing activity improved in April. Experian acquired majority stake in Computec for $400 million.

US Indexes Lower; MasterCard Net Rises 24%, Pfizer Net Up 10%

Arthi Gupta
03 May, 2011
New York City

U.S. indexes traded lower after construction spending rose more than estimated in March and manufacturing activity fell in April. Pfizer net climbed 10%. MasterCard quarterly net beats forecasts.

European Indexes Fall; Infineon Net Soars, Hannover Re Net Plunges

Arthi Gupta
03 May, 2011
New York City

European indexes declined as automakers led the decline. Euro area producer price inflation accelerated for the fifth straight month in March. Infineon raised its sales growth outlook for fiscal 2011. Metro net loss narrowed.

Euro Area Producer Prices Up 0.7%; Danish Jobless Rate at 5.9%

Arthi Gupta
03 May, 2011
New York City

Euro area producer prices rose for the fifth month in a row in March. Czech manufacturing activity improved in April. Romanian PPI climbed, Denmark jobless rate remained flat, and German machinery orders increased in March.

Silver Drops 27% After 30-month Rally

Nigel Thomas
07 May, 2011
New York City

Silver dropped the most last week reminding investors of sudden move in the metal in the 1980 and the volatility in Internet stocks in the late nineties. The recent surge in trading volume in silver indicates a strong interest from retail investors that may presage lower prices ahead.

European Indexes Higher; TNT Net Falls 14%, Commerzbank Net Up 41%

Arthi Gupta
02 May, 2011
New York City

European indexes gained after manufacturing activity rebounded in April. The UK home prices declined in April. Terex Industrial Holding offered $1.3 billion for Demag Cranes. PPR agrees to acquire Volcom for $607.5 million.

Euro Area Retail Sales Fall; Spain Unemployment Declines

Arthi Gupta
04 May, 2011
New York City

Euro-zone composite PMI rose modestly in April but retail sales fell more than estimated in March. France service sector expanded at a faster pace in April. Spain unemployment declined significantly in April. Norwegian retail sales volume dropped 5.2% rate in March.

Portugal

Arthi Gupta
04 May, 2011
New York City

European indexes declined after weaker-than-estimated earnings. Portugal received EU-IMF bailout package of

U.S. Private Sector Added 179,000 Jobs; Time Warner Net Falls 10%

Arthi Gupta
04 May, 2011
New York City

U.S. indexes fell after private sector employment rose less-than-estimated in April but mortgage applications volume increased. Applied Materials agreed to acquire Varian Semiconductor for $4.9 billion. ConAgra offered $4.9 billion to buy Ralcorp. Time Warner net declined 10%.

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