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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

DSW Q3 Earnings Call Transcript

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

The specialty footwear retailer net quarterly sales improved 10% to $489.3 million. Net income in the quarter surged 33% to $35.5 million, primarily reflecting sales growth. Earnings grew to 79 cents per share as against 60 cents per share last year.

European Indexes Surge; German Factory Orders Rise

Arthi Gupta
07 Dec, 2010
New York City

The European indexes soared after President Obama announced extension of tax cuts and German factory orders surged in October. Swiss jobless rate rose in November. Czech retail sales declined in October. Iceland economy expanded in the third quarter.

U.S. Stocks Gain on Obama Agreement; Treasury Sells Citi Stake

Arthi Gupta
07 Dec, 2010
New York City

U.S. stocks gained after President Obama announced extension of tax cuts and Treasury sold its remaining stake in Citigroup. GE formed a venture with China-based railroad company CSR Corp. Aetna agreed to buy Medicity for $500 million. AGL acquired Nicor in $2.4 billion cash and stock.

India Movers: Hindustan Construction, Maruti Suzuki, ONGC

Mukesh Buch
07 Dec, 2010
New York City

Stock in Mumbai fell. Hindustan Construction signed two agreements with France based Vinci Construction. Kingfisher Airlines said BPCL file petition to claim jet fuel dues worth $45 million. Maruti Suzuki plans to hike prices from January 1.

French Companies to Invest

Chandrasekhar Atreya
07 Dec, 2010
New York City

Stocks in Mumbai in a choppy trading closed lower. French Prime Minister Sarkozy

Shanghai Stocks Rise; Dalian Port Surges 39%

Chandrasekhar Atreya
07 Dec, 2010
New York City

Stocks in Shanghai and Hong Kong closed higher as new home price index in Shanghai stayed above average for the third week in a row. Dalian Port surged 39% on first day of trading in Shanghai.

Japan

Chandrasekhar Atreya
07 Dec, 2010
New York City

Tokyo stocks lost as the yen rose to a three-week high. Otsuka Holdings, the largest healthcare offering since 2006 priced near the bottom of its filing price range. Foreign Exchange reserves declined for the first time in six months to $1.101 trillion.

Australia Holds Rates at 4.75%; Banks, Miners Rise

Chandrasekhar Atreya
07 Dec, 2010
New York City

Australia left its key lending rate on hold and the Reserve Bank of Australia highlighted low inflation expectations for next several quarters. Stocks rise. Heavy rains damage wheat crops and halt to some of QR National

Records in Gold, Silver; Supreme Court to Hear Gender-Bias Wal-Mart Suit

Bikram Pandey
06 Dec, 2010
New York City

U.S. stocks traded sideways as investors digested Fed Chairman Bernanke comments. Gold closed at a new high. U.S. Supreme Court agreed to review gender bias class-action lawsuit appeal against Wal-Mart Stores Inc. France found Continental Airlines guilty for its role in 2000 air crash.

U.S. Movers: Blyth, Dollar General, Google, MetLife, Kraft

Mukesh Buch
06 Dec, 2010
New York City

Dollar General third quarter net sales grew 10% to $3.22 billion. 3M to acquire Winterthur Technologies AG. Kraft Foods is seek preliminary injunction in the U.S. District Court against Starbucks. MetLife estimated fourth quarter net income to be between $170 million and $570 million.

UK Indexes Rise; Rolls-Royce Won $110 Million Orders

Arthi Gupta
06 Dec, 2010
New York City

The UK indexes gained after manufacturing sector forecasted to grow in 2011. Rio Tinto confirmed plans to buy Riversdale for A$15 per share. Rolls-Royce won $110 million in new contracts for energy projects. De La Rue confirmed the receipt of a preliminary bid.

European Investors Confidence Index Drops; Hungary

Arthi Gupta
06 Dec, 2010
New York City

The European indexes traded sideways after euro area investor confidence fell in December. German construction activity improved in November. Swiss foreign currency reserves rose in November. Hungary debt rating lowered. Russia based X5 Retail agreed to acquire Kopeyka for $1.64 billion.

India Movers: Hero Honda, HDFC, RPP Infra and State Bank

Mukesh Buch
06 Dec, 2010
New York City

Stock in Mumbai rose. Japan based Honda Motor dissolves partnership in Hero Honda Motors to pursue on its own auto and motorcycle business in India. Jindal Steel & Power wins preliminary approval for $3 billion expansion project. State Bank of India plans to raise deposit rate as much as 1.5%.

U.S. Stocks Fall on Bernanke Comments

Arthi Gupta
06 Dec, 2010
New York City

U.S. stocks and indexes were on the decline after comments from Fed Chairman were viewed negatively by the market observers. The dollar traded higher after European leaders haggled to increase the size of the bailout fund to

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