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UK Index Surges 2.5%; Manufacturing Index at 16-Year High

Arthi Gupta
04 Jan, 2011
New York City

The UK indexes surged as resource stocks soared and manufacturing expanded, mortgage approvals rose but money supply fell. Anglo American sold Moly-Cop and AltaSteel to Australia-based OneSteel for $1.08 billion. easyJet placed 15 aircraft order with Airbus.

Resource Stocks Lead European Indexes Higher; Inflation at 2.2%

Arthi Gupta
04 Jan, 2011
New York City

The European indexes edged higher after euro area inflation rose 2.2%, German unemployment increased, and French consumer confidence dampened in December. Spanish unemployment dropped. China expressed confidence and showed a willingness to invest in Spanish debt.

U.S. Stocks Gain on Active Deal Calendar

Arthi Gupta
04 Jan, 2011
New York City

U.S. indexes advanced tracking gains in world markets. Dover agreed to acquire Harbison-Fischer for $402.5 million. Constellation Energy completed acquisition of Boston Generating gas fleet for $1.1 billion. Stryker purchased Neurovascular business of Boston Scientific in $1.5 billion deal.

European Indexes Rise; Manufacturing Advances

Arthi Gupta
03 Jan, 2011
New York City

The indexes rose after manufacturing grew in many European nations. Estonia became the seventeenth nation to join the euro zone. Curamik Electronics agrees to be acquired by U.S.-based Rogers for

U.S. Stock Futures Higher; Facebook Valued at $50 Billion

Arthi Gupta
03 Jan, 2011
New York City

U.S. indexes traded higher on the rising economic expectations and stronger than expected retail sales. Facebook raised $500 million in the latest round that valued the company at $50 billion. CVS agreed to acquire Universal American''s Medicare unit for $1.25 billion.

U.S. Movers: Bank of America, Calavo Growers and Dollar Financial

Mukesh Buch
03 Jan, 2011
New York City

Bank of America agreed to pay more than $2.6 billion Freddie Mac and Fannie Mae to settle the claims. Calavo Growers revenue soared 32% to $107.2 million. Dollar Financial agreed to acquire Purpose U.K. Holdings and Sefina Finance AB. Torchmark closed sale of wholly owned subsidiary at $648 million.

Gold, Siver, Copper, Emerging Markets Rally in 2010

Bikram Pandey
31 Dec, 2010
New York City

World markets were subdued on the last day of trading. Commodities surged as copper and gold touched record highs and silver reached three decade peak. Emerging markets outperformed the developed markets with Peru, Indonesia, Philippines, Turkey, Russia and India leading.

Imax Soars 13%, Biglari Declines 1.3%

Mukesh Buch
31 Dec, 2010
New York City

Biglari increased proposal to acquire all outstanding shares of Fremont Michigan. Constellation Energy agreed to sell the 550 megawatt Quail. DirectTV and Hearst Corp struck a content deal. IMAX soared on a speculation Sony Corp. may bid $40 a share.

FTSE 100 Index Gains 9% in 2010; Weir, Arm Holdings, Fresnillo Soar

Arthi Gupta
31 Dec, 2010
New York City

The UK indexes dropped after home prices rose in December and for the year FTSE 100 index gained 9%.India-based Sahara Group bought Grosvenor House Hotel for

Europe 2010: DAX Up 17%; Athens Index Down 35%

Arthi Gupta
31 Dec, 2010
New York City

European indexes diverged in 2010. Germany led the region with a gain of 17% and Greece led the decliners with a loss of 35%. UK index rose 9% but the index in France declined 3.4%. Russia and Turkey rose more than 22%.

U.S. Stocks Mixed; Treasury Raised Ally Financial Stake

Arthi Gupta
31 Dec, 2010
New York City

U.S. stock futures traded sideways on the last trading session of year 2010. Indexes in Indonesia, Philippines, India and South Korea led world markets. The U.S. Treasury raised its stake in Ally. Dynegy Board accepted $665 million buyout offer from Ichan controlled company.

Sensex in India Gains 17.3%; Sahara Buys Grosvenor Hotel for

Chandrasekhar Atreya
31 Dec, 2010
New York City

Stocks in Mumbai continued to rise for the third day in a row. The Sensex index gained 17.3% in 2010 as economy rebounded and international fund flows continued. Sahara Group acquired London based Grosvenor House for $726 million.

Shanghai Index Down 14.3% in 2010; China Steps Up Land Auction Scrutiny

Chandrasekhar Atreya
31 Dec, 2010
New York City

Shanghai key benchmark index gains more than 2% for the day but lost 14.31% in 2010. Hang Seng index rose 5.3% in the year. China steps up scrutiny of recently sold but undeveloped land and seized at least two land parcels from developers. Non-ferrous metals international trade surged 46.5%.

Australian Mines Face Widespread Disruptions; ASX Fall 2.6% in 2010

Chandrasekhar Atreya
31 Dec, 2010
New York City

Australian benchmark stock index ends the day 1% down and for the year 2010 declined 2.57%. Rain havoc continues in Queensland forcing miners to invoke the emergency clauses for coal supplies. Dalrymple Bay expects to resume export of coal on the New Year day.

Costco Q1 Earnings Call Transcript

123jump.com Staff
31 Dec, 2010
New York City

The membership warehouse club operator net sales increased 11% to $18.82 billion in the quarter. Net income for the quarter rose 17.3% to $312 million. Earnings grew to 71 cents per diluted share, compared to 60 cents per diluted share in the year-ago quarter.

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