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Australia's Current Account Deficit Widens; Metcash Profit Warning

Chandrasekhar Atreya
30 Nov, 2010
New York City

Australian stocks closed lower tracking losses in resource stocks as the U.S. dollar advanced against all major currencies. Current account deficit widened in the third quarter to A$7.83 billion. Retailers closed lower after Metcash issued profit warning and net in the first half edged up 0.9%.

U.S. Stocks Rebounds From 1% Loss; European Markets Down 2%

Bikram Pandey
29 Nov, 2010
New York City

U.S. stocks rebounded from the loss of more than 1% on better than expected retail sales. Euro declined as investors fear widening debt contagion in Europe after Ireland bailout. Commodities closed higher and crude oil, copper and gold edged up.

UK Indexes Weak; Lower Growth Oulook

Marcus Jacob
29 Nov, 2010
New York City

UK indexes declined after investors worried that Ireland bailout may not prevent future bailouts in the euro-zone. UK Treasury watchdog lowered 2011 and 2012 economic growth outlooks.

U.S. Movers: Amazon, Blue Nile, Comverse, Hewlett Packard

Mukesh Buch
29 Nov, 2010
New York City

Retailers traded mixed after stronger than expected Thanksgiving holiday sales. Amazon.com, Abercrombie & Fitch and Blue Nile gained but Limited and Tiffany declined. Quiksilver estimated fourth quarter net revenues between $492 million and $497 million.

European Indexes Fall on Future Bailout Conditions Worries

Nigel Thomas
29 Nov, 2010
New York City

European indexes fell sharply after Ireland agreed to terms of bailout and investors worried that the debt contagion may not be prevented from reaching to Spain. European confidence index increased in October. Banks and insurance companies declined.

U.S. Indexes Decline; Strength in Holiday Sales, Euro Worries

Bikram Pandey
29 Nov, 2010
New York City

Market indexes in New York dropped more than 1% tracking losses in Europe. The European nations agreed to lend

Euro-zone Debt Crisis Persists; Ireland Bailout Terms

Devan Biswas
29 Nov, 2010
New York City

European leaders and Ireland hammered out bailout conditions on late Sunday to stem the widening debt contagion in the euro-zone. Ireland agreed to tougher loan conditions and cut 15 billion in costs and interest rate of 5.8%.

India Movers: BGR Energy, GMR, Ranbaxy and Videocon

Mukesh Buch
29 Nov, 2010
New York City

Stock in Mumbai gained. BGR Energy surged 21% after management clarified its position on bank loan scam investigation. The Shipping Corporation of India set the price range for its secondary offering. GMR agreed to sell U.S. based InterGen for $1.23 billion.

Shanghai Focuses on Inflation; Hong Kong Indexes Rise

Chandrasekhar Atreya
29 Nov, 2010
New York City

Stocks in Shanghai declined on the worries of accelerating inflation and in Hong Kong rose tracking optimism related to the U.S. holiday sales. China Huaneng Group Corp and Chongqing Rural Commercial Bank plan HK initial public offerings totaling $3.73 billion.

Nikkei Gains, Retail Sales, Domestic Passenger Car Output Decline

Chandrasekhar Atreya
29 Nov, 2010
New York City

Stocks in Japan closed higher and the yen weakened after a rally in Asian markets. October retail sale declined and domestic passenger car production declined in the month. The Government Pension Investment Funds gained int eh September quarter after falling for two quarters in a row.

Sydney Stocks Rise in Asia Rally; Home Sales Up in October

Chandrasekhar Atreya
29 Nov, 2010
New York City

Stocks in Australia closed higher as commodities advanced. Australia passes legislation that will separate the retail and wholesale businesses of Telstra. AMP approves acquisition of AXA Asia Pacific. Corporate profits in Australia declined in the September quarter and homes sales in October.

TheStreet.com Q3 Earnings Call Transcript

123jump.com Staff
29 Nov, 2010
New York City

The digital financial media company said quarterly revenue rose 8% to $14.3 million, reflecting a 9% jump in advertising sales and 8% growth in subscription revenue. Net loss widened 39% to $1.93 million in the quarter. The company lost 6 cents a share versus a loss of 5 cents a year-ago quarter.

Tiffany Q3 Earnings Call Transcript

123jump.com Staff
27 Nov, 2010
New York City

The luxury-jewelry retailer worldwide net sales for the quarter increased 14% to $681.7 million, with growth across all geographic regions. Net quarterly earnings surged 27% to $55.1 million. Earnings grew to 43 cents per share from 34 cents per share last year.

UK Indexes; Home Prices Fall

Arthi Gupta
26 Nov, 2010
New York City

The UK indexes slid on worries that Ireland''s fiscal crisis could spread to other euro-zone countries and home prices declined in October. Irish retail sales rose in October. BP won production sharing contract in Indonesia. Chrysalis agreed to

Hartford Financial Services Q3 Earnings Call Transcript

123jump.com Staff
26 Nov, 2010
New York City

The insurer quarterly revenues increased 28% to $6.67 billion. Net income generated in the quarter was $666 million or $1.34 per diluted share, compared to a net loss of $220 million or 79 cents per share in the prior-year quarter.

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