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India Movers: Essel Propack, Reliance Industries, Hindustan Petro

Mukesh Buch
09 Dec, 2010
New York City

Stocks in Mumbai dropped sharply as the government tightened the noose around former telecom minister and stepped up investigation in 2G license issue process. Pipavav Shipyard signed protocol with Russia based company. Reliance Ind. plans to import heavier crude from Latin America to lift margins.

U.S. Movers: Costco, Korn/Ferry, H&R Block, McDonald

Mukesh Buch
08 Dec, 2010
New York City

Casey''s General Stores second quarter revenue increased 17.4% and Costco first quarter net sales rose 11%. H&R Block second quarter total revenues declined 1%. McDonald''s global comparable sales rose 4.8% in November.

World, U.S. Stocks Mixed on Rising Yields in New York, Germany

Bikram Pandey
08 Dec, 2010
New York City

U.S. stocks searched for direction as investors digested the latest tax deal between President Obama and Republicans. The dollar rose and the U.S. Treasury bonds yields rose. Deal was making was active on both sides of the Atlantic. Gold and silver declined.

UK Production Forecasted to Rise; Ireland Unveils Budget

Arthi Gupta
08 Dec, 2010
New York City

The UK indexes traded sideways after shop price inflation dropped and job placements rose at the fastest pace in November. The Irish Finance Minister Brian Lenihan unveiled a tough austerity budget. Smith & Nephew soared 6.5% on takeover speculations.

Saks Q3 Earnings Call Transcript

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

The department store retailer net sales for the quarter grew 4.3% to $658.8 million on comparable store sales rise of 5.7%. Net quarterly income surged 476% to $36.3 million. Earnings increased to 20 cents per share from 4 cents per share in the year-ago quarter.

German Industrial Output Accelerates; Iceland Lowers Key Rate

Arthi Gupta
08 Dec, 2010
New York City

The European indexes declined after German exports fell in October. EU finance ministers urged for stringent bank stress tests. French business sentiment improved in November. Iceland lowered key rate to 4.5%. ABB commenced tender offer to acquire Baldor Electric.

U.S. Bonds Yields Rise Ahead of Auction; J&J Bids for Crucell

Arthi Gupta
08 Dec, 2010
New York City

U.S. stocks trade sideways after mortgage and refinancing activity fell. BofA agreed to pay $137 million to settle municipal bidding practices probe. Johnson & Johnson launched

Sydney Stocks End Lower; Oil Explorations Drop 16%

Chandrasekhar Atreya
08 Dec, 2010
New York City

Sydney stocks ended lower, led by banks, after Federal Treasurer pledged to release banking competition measures by the next week. Home loan approvals rise in October. Coal stockpiles deplete at ports on heavy rains. Mineral exploration spending rises 4% in third quarter.

Nikkei Gains 1%; Current Account Surplus Up 2.9%

Chandrasekhar Atreya
08 Dec, 2010
New York City

Tokyo benchmark index reached a seven month intra-day high on the improved outlook for exports. Japan and Bolivia are set to expand rare earth minerals exploration. Current account surplus reaches 1.43 trillion yen in October. Sumitomo Metal acquires a nickel mining concession in Solomon Islands.

China Economic Growth Rate Revised Higher; Auto Sales Surge

Chandrasekhar Atreya
08 Dec, 2010
New York City

China indexes lose nearly 1% as investors brace for tighter lending and property tax trials. Asian Development Bank expects GDP to expand at 10.1% in 2010 after revising its September estimate. Auto sales in November surge to a record 1.28 million vehicles.

India Lifts GDP Outlook to 9%; Stocks Weak

Chandrasekhar Atreya
08 Dec, 2010
New York City

Stocks in Mumbai dropped more than 1% on steady selling by speculators. Finance Minister Mukherjee lifted GDP growth estimate to 9% in the current mid-year review. Passenger car sales up 21% and motorcycle sales surge 16%. Direct tax collections to November in the fiscal year soar 17.9%.

India Movers: Dr Reddy

Mukesh Buch
08 Dec, 2010
New York City

Stocks in Mumbai trading declined and local oil refiners plan to raise retail price of gasoline. Karuturi agreed to buy 54% stake in Mumbai-based floral chain Florista. Ruchi Soya tumbled 27%on the prospect insider trading investigation. Wipro won telecom line operation contract from Vodafone Essar.

U.S. Rally Fizzles; S&P 26-month High

Bikram Pandey
07 Dec, 2010
New York City

U.S. stocks rally fizzled and U.S. lawmakers and President Obama agree on a tax cut plan. Gold falls from the record high and oil edges lower. European finance minister agree to not increase the current bailout fund size. German factor orders surge and home prices in Shanghai stay near recent peak.

U.S. Movers: AutoZone, AGL Resources, Pep Boys, Talbots

Mukesh Buch
07 Dec, 2010
New York City

AutoZone, first quarter net sales grew 13% to $1.79 billion. BMO Financial fourth quarter net climbed 14.2% on rising of consumer lending. The Pep Boys third quarter revenues increased 5%. The Toro fourth quarter net sales increased 17%.

UK Manufacturing Expands 0.6%; Tesco, Wolseley Rise

Arthi Gupta
07 Dec, 2010
New York City

The UK indexes rose after manufacturing output expanded in October. Rolls-Royce secured order worth over

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