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Sydney Stocks Drop on Softer Inflation

Chandrasekhar Atreya
27 Oct, 2010
New York City

Shares in Sydney lost ground after softer than expected inflation data changed investor sentiment. Consumer price index rose 0.7% in the third quarter and core price inflation rose 0.6% only. Australia turned net importer of food and groceries.

World Markets Falter; U.S. Home Prices Struggle at Lows

Devan Biswas
26 Oct, 2010
New York City

U.S. indexes decline after home prices in cities increased at a slower pace. The persistent weakness in home prices and uncertainties in the foreclosure process keep buyers on the sidelines. European markets closed lower as earnings outlook deteriorate and government and consumers tighten spending.

U.S. Movers: Coach, Regions Financial, Royal Caribbean

Bikram Pandey
26 Oct, 2010
New York City

Royal Caribbean Cruises Ltd surged after it lifted 2011 estimate. Capella Education Co declined after it estimated slower enrollment growth. Coach Inc soared on higher earnings. Cummins Inc declined after earnings were lower than expected.

UK Debt Rating Revision, GDP Expanded at 0.8%

Arthi Gupta
26 Oct, 2010
New York City

The UK indexes edged lower after GDP expanded 0.8% in the third quarter and services index rose 2.7% in August. S&P raised the UK rating outlook to stable as government cut spending and reduce deficit in the next four years. Apollo and CVC Capital agreed to buy Brit Insurance for up to

E*TRADE Q3 Earnings Call Transcript

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

The financial services provider net revenue declined 15% to $489 million in the quarter. Net income generated in the quarter was $8.4 million, or 3 cents per diluted share, compared to a net loss of $855.0 million or $6.74 per share in the prior-year period.

Earnings and Outlook Worries Drag European Indexes Lower

Arthi Gupta
26 Oct, 2010
New York City

The European indexes declined after UBS reported a loss in its investment banking division and on a weaker outlook from Vestas Systems and ArcelorMittal. German import price inflation rose in September and French consumer confidence improved. Sweden’s Riksbank raised key rate to 1%.

U.S. Stocks Edge Lower; Buffett Appoints Investment Manager

Arthi Gupta
26 Oct, 2010
New York City

U.S. stocks fell after rising to a 6-month high yesterday ahead of key home prices and consumer confidence data. Warren Buffett appoints investment manager to run a significant portion of investment portfolio of Berkshire Hathaway Inc. Texas Instruments earnings soared 60% and Ford net surged 70%.

India Movers: Birla Corp, Dena Bank, Idea Cellular

Mukesh Buch
26 Oct, 2010
New York City

Stocks in Mumbai trading declined tracking losses in Asian markets. Birla Corporation Limited declined after quarterly net plunged 54%. Dena Bank surged after second quarter net soared 29%. Idea Cellular Limited net declined 18%. Procter & Gamble declined after quarterly net fell 39%.

Sensex in India Drops; Gujarat Plans $11 Billion of Dam Investment

Chandrasekhar Atreya
26 Oct, 2010
New York City

Stocks in Mumbai dropped in a choppy session tracking losses in Asia. Coal India IPO price was set at Rs 245 a share, at the upper end of its filing range and raise $3.5 billion for India. Gujarat government plans the world

Shanghai, HK Stocks Drop; China Raises Fuel Prices by 3%

Chandrasekhar Atreya
26 Oct, 2010
New York City

Stocks in China region dropped after China raised fuel prices at midnight by 3%. Average new home price in Shanghai stays above 20,000 yuan per square meter for the fifth week in a row, as unit sales decline.

India, Japan Sign Free Trade Agreement, Explore Rare Earth Minerals

Chandrasekhar Atreya
26 Oct, 2010
New York City

Tokyo stocks closed lower as the yen hovered near recent highs and the dollar resumed its slide. Stocks of utilities gained but brokers and financials edged lower. Japan approves 4.42 trillion yen of supplementary budget allocation. India and Japan agree to cut tariff on most items.

Sydney Drops; Greens Plan to Block ASX Ltd Takeover

Chandrasekhar Atreya
26 Oct, 2010
New York City

Stocks in Sydney closed lower as financials and banks declined. The Greens intend to block the takeover of the ASX Ltd citing human rights record of Singapore. Competition commision approved the $1.8 billion takeover offer of CSR Sugr by Singapore based Wilmar International.

Dollar in Focus; U.S. and World Stocks Close Higher

Devan Biswas
25 Oct, 2010
New York City

U.S. and world stocks traded higher and the dollar retained the negative bias after the conclusion of G-20 meeting. Currency traders are expecting the dollar to continue its slide. The U.S. Treasury sold inflation protected securities for the first time at a negative yield of 0.55%.

U.S. Movers: CommScope, RadioShack, Sykes, Value Line

Bikram Pandey
25 Oct, 2010
New York City

Sykes Enterprises Inc surged after it reported higher than expected earnings. Value Line Inc soared 18% after it declared a special dividend. Sohu.com Inc advanced more than 10% after quarterly net exceeded expectations. CommScope Inc soared more than 30% on the company plans to go private.

UK Mortgage Approvals Fall to 18-Month Low; BP, Marubeni Deal

Arthi Gupta
25 Oct, 2010
New York City

The UK indexes gained after G20 finance chiefs vowed to reduce global fiscal imbalances. The BoE noted Asset Purchase Facility usage declined in the third quarter. The UK mortgage approvals fell in September.

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