Login
Breaking News
McDonald's   Rockwell Automation   Monday.com Ltd.   ON Semiconductor   Amazon.com   VeriSign   Expedia   Hilton Worldwide   Cognizant  

Market Update

U.S. Stocks Fall on Retail Sales Data; Deutsche Boerse, NYSE Agree to Merge

Bikram Pandey
15 Feb, 2011
New York City

U.S. stocks fell after retail sales rose less than expected in January and import prices rose 1.5%. Deutsche Boerse and NYSE Euronext agreed to merge that will create world�s largest network of equities and futures exchanges. Euro-zone sets up a permanent bailout fund. China inflation worries Asia.

U.S. Movers: Agilent, FedEx, Froward Air, Qwest, Walter Energy

Mukesh Buch
15 Feb, 2011
New York City

Agilent first quarter net income surged 144% to $193 million. FedEx lowered earnings guidance. HCP fourth quarter net income increased to $136.2 million. Qwest Communications swings to a net loss of $161 million. Sirius reported fourth quarter net loss.

UK Inflation at 4%; UK Home Prices Rise; Barclays Surges 5%

Arthi Gupta
15 Feb, 2011
New York City

The UK indexes fell after the Bank of England Governor Mervyn King warned inflation likely to rise further and home prices rose. January inflation rose at twice the rate set by the central bank. UK Commercial Property acquired Leicester Retail Park. Barclays Plc net nearly triples.

Euro-zone Sets Up Bailout Fund; Danone Net Surges 38%

Arthi Gupta
15 Feb, 2011
New York City

The European indexes rose after weaker-than-expected domestic economic growth data. Euro-zone finance ministers agreed to set up a permanent sovereign bailout fund for the region of

Ecuador Orders Chevron to Pay $9 Billion; FedEx Warns, Retail Sales Rise

Arthi Gupta
15 Feb, 2011
New York City

U.S. indexes traded higher on optimism of positive economic data. Berkshire Hathaway sold stake in eight companies including Bank of America and Nike. Ventana accepted Batista''s offer. Chevron plans to appeal adverse Ecuador ruling that may cost as much as $16 billion.

Sensex in 3-day Rally Gains 4.5%, Tata Motors Up

123jump.com Staff
15 Feb, 2011
New York City

Mumbai stocks extended gains for the third day and rebounded 4.5%. The Sensex index has declined 15% form the peak in the first week in January. LIC Housing surged after a government controlled fund resumed investing. Tata Motors global sales rose 16% in January. Reliance MediaWorks loss widens.

India Movers: LIC Housing Finance, Reliance Comm, Tata Power, Unitech

Mukesh Buch
15 Feb, 2011
New York City

Ahluwalia Contracts fell 1% after net profit slumped 46%. LIC Housing Finance surged 10.8% after government controlled pension fund resumed investment in the company. Reliance Communications gained 4% and net profit fell 57%. Tata Power soared 6% after net profit of surged 348%.

China Inflation at 4.9%, Stocks Flat; Anhui Conch Surges

Devan Biswas
15 Feb, 2011
New York City

Stocks in Shanghai closed flat and in Hong Kong declined on the worries that more rate tightening may be needed to stem the inflation. The January inflation rose 4.9%, less than expected on the change in index weights on fast rising food prices. Cement makers gained on higher demand expectation.

Nikkei Index Nears 10-month High; GS Yuasa Rises; Yamaha Plunges

Nigel Thomas
15 Feb, 2011
New York City

Stocks in Japan traded higher as on earnings optimism and shifting fund flows to the developed markets. GS Yuasa rose after it lifted its earnings outlook but Yamaha plunged 11% after it estimated lower than expected earnings.

Australian Dollar Advances; Westpac Gains, Brambles Falls

Marcus Jacob
15 Feb, 2011
New York City

Australian stocks closed nearly unchanged and the Australian dollar rose to a 9-month high against the yen. Brambles declined after it reported lower than expected earnings. Westpac gained after quarterly net fell but interest margin rose. The RBA statement confirmed the tightening bias.

U.S. and Asian Markets Diverge; Oil Spikes, Middle East Unrest Contagion

Bikram Pandey
14 Feb, 2011
New York City

U.S. stocks struggled after a sustained rise in the last six weeks. U.S. President Barack Obama proposed a $3.7 trillion budget with a deficit of $1.1 trillion. China

Banks in Europe Decline; Credit Suisse Raise $6.2 Billion

Devan Biswas
14 Feb, 2011
New York City

European market indexes closed mixed with a downward bias. Banks declined after the rating agency said it will revise its guidelines and factor in government support at more than 170 banks. The move is widely considered too late and too little. Credit Suisse strengthened capital.

UK Indexes Flat; John Wood Sell Engineering Division for $2.8 Billion to GE

Marcus Jacob
14 Feb, 2011
New York City

UK shares surged on the takeover talks and higher commodities prices in London trading. General Electric Company agreed to acquire the well-support division of John Wood Group Plc for $2.8 billion. The benchmark index closed nearly flat.

U.S. Movers: ArthroCare, Atlas Air, Diebold, MGM Resorts

Mukesh Buch
14 Feb, 2011
New York City

Atlas Air fourth quarter net income increased 47% to $41.6 million. Diebold reported fourth quarter net loss in the quarter was $120 million. MGM Resorts net loss in the fourth quarter declined to $139 million.

EMS in $3.2 Billion Deal; EchoStar Acquires Hughes Comm for $2 Billion

Bikram Pandey
14 Feb, 2011
New York City

U.S. stocks edged lower in the early trading after rising in 12 of the last fifteen trading sessions. Japan economy shrank 1.1% in the last quarter and fell to the third place after the U.S. and China. China