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U.S. Jobless Claims Falls to 3-Month Low; Visa Net Soars

Arthi Gupta
28 Oct, 2010
New York City

U.S. stocks traded higher after weekly jobless claims fell 21,000 to 434,000. Oracle acquired 10.2% stake in Mellanox. Williams Partners agreed to buy Williams Companies

India Movers: Bank of Baroda, Cummins, Kirloskar, SAIL

Mukesh Buch
28 Oct, 2010
New York City

Stock in Mumbai fell. Bank of Baroda rose 3% on net profit. Cummins India surged 4.8% after net profit increased 91.4%. Kirloskar Brothers slumped 3.7% after net tumbled 89%. Steel Authority of India Limited declined 4.6% and profit tumbled 34.5%.

Nikkei Drops; Japan Retail Sales Grows 1.2%

Chandrasekhar Atreya
28 Oct, 2010
New York City

Stocks fell for the fourth day in Tokyo on the weakness in resource stocks. Bank of Japan said it will consider asset purchase expansion if the economy situation warrants. Retail sale increased 1.2% in September.

Banks in China Report Higher Earnings

Chandrasekhar Atreya
28 Oct, 2010
New York City

Stocks in Shanghai remained little changed after banks reported sharply higher prices. Bank of China earnings rose 29% and AgBank earnings gained 30%. Most airlines passed on recently revised higher fuel prices to consumers. Home buyers in Shanghai and other cities are deterred by elevated prices.

Sydney Index Up 0.8%; ASX Takeover Faces More Hurdles

Chandrasekhar Atreya
28 Oct, 2010
New York City

Shares in Sydney rallied after ANZ Bank reported lower loan loss provisions. More lawmakers voiced their opposition to the acquisition of ASX Ltd. Senate vote clears to appointment of committee to investigate banking sector competition.

Fed Action Expectations, Earnings in Focus; Oil Down

Devan Biswas
27 Oct, 2010
New York City

U.S. stocks declined and European markets fell after investors dialed back expectations on the Fed

U.S. Movers: Aflac, DeVry, F5 Networks, Whirlpool

Bikram Pandey
27 Oct, 2010
New York City

Aflac Inc reported quarterly earnings nearly doubled helped by favorable exchange rate in Japan. DeVry Inc and F5 Networks Inc gained after companies reported better than expected earnings. Whirlpool Corp declined after weaker earnings in the U.S. and Europe.

GlaxoSmithKline

Arthi Gupta
27 Oct, 2010
New York City

The UK indexes edged lower after commodities stocks fell. GlaxoSmithKline finalized $750 million settlement with the U.S. Shell agreed to sell downstream businesses in Finland and Sweden. Interserve won contracts worth

Apple Q4 Earnings Call Transcript

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

The PC maker revenue surged 67% to $20.34 billion in the quarter. Net quarterly profit soared 70% to $4.31 billion driven by strong sales of Macintosh computers, iPhones and iPad multimedia devices. Earnings rose to $4.64 per diluted share versus $2.77 per diluted share, in the year-ago quarter.

Euro-zone Money Supply Grows; SAP Net Rises

Arthi Gupta
27 Oct, 2010
New York City

The European indexes fell after mixed earnings. Euro-zone private sector lending rose in September and French consumer spending increased. German CPI remained flat at 1.3% in October. Norway and Poland left key rate unchanged. Deutsche Bank reported a loss on Postbank charge. SAP AG earnings rose.

U.S. Durable Goods Orders Rise 3.3%; P&G Net Falls 7%

Arthi Gupta
27 Oct, 2010
New York City

U.S. stocks declined ahead of the Federal Reserve meeting next meeting. U.S. durable goods orders increased in September and mortgage demand rose as interest rates dropped. Pacific Biosciences priced its public offering at $16.00 a share.

India Movers: Asian Paints, HT Media, NTPC, Thermax

Mukesh Buch
27 Oct, 2010
New York City

Stocks in Mumbai declined. Asian Paints Limited fell nearly 3% on weak earnings. HT Media Limited fell after net jumped 44%. NTPC Limited slumped 3% and profit declined 2%. Thermax Ltd quarterly net surged 65%.

Sensex Drops 1%; India, Malaysia to Sign Free Trade Deal

Chandrasekhar Atreya
27 Oct, 2010
New York City

Mumbai stocks dropped more than 1% weighed in by the expiry of monthly derivatives contracts and a weakness in financials. India and Malaysia finalize a free trade deal to lift trade between two nations. Tata Steel Jamshedpur production will reach 10 million tons by second quarter of 2011.

China Stocks Plunge; Chalco, CRCC Report Losses

Chandrasekhar Atreya
27 Oct, 2010
New York City

Stocks in Shanghai drop after several companies reported losses. Luxury home prices in Hong Kong the previous peak in 1997. Chalco reports quarterly loss while CRCC expects to declare losses. Net profit at BYD drops by 99%.

Computer Shipments in Japan Soar; Canon Lifts Outlook

Chandrasekhar Atreya
27 Oct, 2010
New York City

Stocks in Tokyo closed fractionally up after trading down in the afternoon session led by banks and brokerages. Canon Inc lifted its full year net income outlook by 2.1% on higher third quarter earnings. The shipments of Personal computer soared 31% and laptop surged 19% in the fiscal first half.

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