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Australian Stocks in 4-day Rally; BHP Wins Olympic Dam Expansion

Marcus Jacob
10 Oct, 2011
New York City

Australian indexes gained for the fourth day in a row and banks led the gainers. BHP Billiton won governments approval to expand its open cut mining operation Olympic Dam. Qantas was forced to cancel 40 flights as engineers union delayed the strike to Friday and threatened more work stoppages.

U.S. Stocks Drift; Debt Ratings of Italy, Spain Lowered

Bikram Pandey
07 Oct, 2011
New York City

Stocks in New York trading drifted after the release of better than expected net new jobs in September and turned lower after sovereign debts of Spain and Italy were lowered. For the week S&P 500 index increased 2% and declined 8% in the year.

U.S. Unemployment Rate at 9.1%; Net New Jobs 103,000

Devan Biswas
07 Oct, 2011
New York City

U.S. stocks gained after employers added 103,000 jobs in September and chain stores retail sales increased at a faster pace. Unemployment rate was steady at 9.1% and public sector trimmed 35,000 jobs. J.C. Penney guided flat comparable same store sales in the third quarter.

U.S. Movers: AngioDynamics, Express Scripts, IDT Corp., Illumina

Mukesh Buch
07 Oct, 2011
New York City

Express Scripts lowered annual earnings guidance. IDT fourth quarter net income declined 97%. Illumina estimated third quarter revenue of $235 million. ServiceSource expects to report third quarter revenues to exceed $49 million.

European Markets Rise; Premier Foods Plunges; Nestle Gains

Devan Biswas
07 Oct, 2011
New York City

European markets gained after the central bank offered more liquidity to troubled banks and politicians voiced support for bank recapitalization. Banks and resources linked stocks led the gainers. Germany and France differ on how to access the rescue fund and Holland approved the expansion of EFSF.

Nikkei in Japan Up 0 .9%; Softbank, OSG Rise; Sony in Focus

Nigel Thomas
07 Oct, 2011
New York City

World markets put their faith in the political voices in the euro zone but await concrete actions in recapitalizing banks. Sony Corp is close to acquiring its stake in the mobile phone venture with Ericsso. OSG Corp surged after net rose 44%. KDDI and Softbank gained.

U.S. Movers: Constellation, Helen of Troy, Marriott, Ruby Tuesday, Zumiez

Mukesh Buch
06 Oct, 2011
New York City

Constellation Brands second quarter net income increased to $162.7 million. Helen of Troy second quarter net income rose to $23.6 million. Marriott reported third quarter net loss swung to $179 million. Ruby Tuesday first quarter net income declined 75% to $3.1 million.

U.S. Jobless Claims Above 400K, Apple Fans in Mourning

Devan Biswas
06 Oct, 2011
New York City

U.S. stocks advanced in a cautious trading after weekly jobless claims increased but were lower than expected. Apple Inc

Rates on Hold in Europe, UK; Dexia Collapse Sets the Stage

Nichole Harper
06 Oct, 2011
New York City

European markets struggled at the opening but gained in the afternoon. European Central Bank left its key rate at 1.5% and the Bank of England expanded its bond buying program. Banks gained on the talks of recapitalization plan and Dexia SA may face unwinding sooner than expected.

Nikkei in Japan Advances 1.7%; Sony Secures EMI Bid Financing

Nigel Thomas
06 Oct, 2011
New York City

Stocks in Japan gained following a decline for four days in a row. Resource stocks and banks led the gainers. Aeon Co jumped 5% after it lifted its annual outlook. Sony Corp rebounded from a 25-year low after it secured funding to bid for the UK based EMI.

Australian Index Soars 3.6%; Dollar Rebounds

Marcus Jacob
06 Oct, 2011
New York City

Australian stocks surged following a 2-day rally in international markets. The benchmark index in Sydney increased 3.6% and stocks in banking and resources sectors led the advance. The Australian dollar rebounded to 97 cents.

Wall Street Higher on Payrolls, Services Growth; Yahoo, RiM Rumors

Bikram Pandey
05 Oct, 2011
New York City

U.S. stocks rebounded and the indexes gained more than 1% and oil surged more than 5% after commodities snapped a 3-day slump. Yahoo and Research in Motion jumped on takeover speculations and financials recovered after a decline of three days.

U.S. Movers: Acuity Brands, Costco, Global Payments, Monsanto, Yum

Mukesh Buch
05 Oct, 2011
New York City

Acuity Brands fourth quarter net income surged 26% to $34.2 million. Acme Packet estimated third quarter total revenues of $70 million. Costco fourth quarter net income increased 11% to $478 million. Yum Brands third quarter net income increased 7% to $383 million.

UK Indexes Up 2%; Q2 GDP Lowered to 0.1%

Arthi Gupta
05 Oct, 2011
New York City

The UK indexes rose on European hopes. The UK shop price inflation remained flat, job growth slowed, and service sector activity grew in September. UK GDP growth revised down but business investment rose in the second quarter. Premier Oil agreed to acquire for

Red Hat Q2 Earnings Call Transcript

123jump.com Staff
05 Oct, 2011
New York City

The open source technology solutions provider said total quarterly revenue rose 28% to $281.32 million. Net income in the quarter surged 69% to $40.0 million. Earnings per share grew to 20 cents compared to 12 cents per share a year-ago quarter.

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