Chandrasekhar Atreya
24 Sep, 2010
New York City
India lifted foreign investor upper limit in government and corporate debt on the rising demand for investment in infrastructure. The revised limits also sustained the gains in stocks and the index surged to a nearly three-year high. India completes the transition to cleaner fuel standards.
Chandrasekhar Atreya
24 Sep, 2010
New York City
Stocks in Japan drop for the third day in a row on a stronger yen and a weakness in international markets. China questions four Japanese for alleged videotaping of military targets. China denies embargo on export of rare earth to Japan. Asahi Glass opened the world
Chandrasekhar Atreya
24 Sep, 2010
New York City
Sydney index declined 0.7% on Friday and fell 0.8% for the week. BHP and Apache approve $1.5 billion Macedon gas field development. Rio Tinto plans to develop Dampier port for increased iron ore exports. Long running investigation of CabCharge led to A$15 million penalty.
Devan Biswas
23 Sep, 2010
New York City
U.S. stocks closed lower as weekly jobless claims increased and home sales in August struggled to gain the ground. Apple surpassed PetroChina and only trails Exxon Mobil Corp in market cap. U.S. Treasury yields declined. Gold and silver inched higher.
Bikram Pandey
23 Sep, 2010
New York City
Apple Inc gained more than 1% after analyst revised iPad sales estimate. Copart, Inc dropped 8% after the auto junk yard operator reported lower than expected sales. Scholastic Corp gained 5% on stock repurchase plan. SunPower Corp surged 8% on a new order.
Arthi Gupta
23 Sep, 2010
New York City
The UK indexes fell after mortgage approvals declined and auto production increased in August. The Bank of England Chief Economist Spencer Dale urged for reduction in monetary stimulus. Second GDP of Ireland contracted and current account deficit narrowed.
Arthi Gupta
23 Sep, 2010
New York City
The European indexes declined after euro-zone PMI fell to a seven-month low in September. German private sector growth dipped and French business confidence rose in the month. Czech Republic left its key rate unchanged at 0.75%.
Arthi Gupta
23 Sep, 2010
New York City
U.S. stocks slid after weekly jobless claims rose 12,000 to 465,000 and home prices fell more than expected in July. The U.S. Treasury raised $706 million on sale of Hartford warrants. Potash Corp sued BHP to prevent hostile takeover bid. Blockbuster reached agreement with bondholders.
Chandrasekhar Atreya
23 Sep, 2010
New York City
Stocks in India fell for the second day and most of Asian markets were closed for a holiday. A reading of the wholesale price index was higher in August. ONGC started drilling for shale gas in West Bengal. Monsoon rains in India are 44% above long term average.
Chandrasekhar Atreya
23 Sep, 2010
New York City
Shares in Sydney stayed little changed but in positive territory after trailing for most part of the day. Household savings in the quarter to September falls. Potash Corp seeks injunction in the U.S. against hostile takeover offer from BHP.
123jump.com Staff
23 Sep, 2010
New York City
The automotive parts and accessories retailer quarterly net sales increased 9.5%to $2.44 billion on domestic same store sales rise of 6.7%. Net income in the quarter improved 13.9% to $268.93 million on higher sales. Earnings per share grew to $5.66 from $4.43 per share last year.
Bikram Pandey
22 Sep, 2010
New York City
U.S. stocks traded sideways as investors speculated next Fed move to stimulate the economy. The U.S. dollar declined and gold and copper edged higher. European indexes closed lower and Asian markets traded mixed. Microsoft filed to sell $4.75 billion in debt securities.
Bikram Pandey
22 Sep, 2010
New York City
Adobe Systems plunged 20% after it reported lower than expected third quarter. CarMax Inc, the used car dealer jumped more than 7% after it reported higher than expected second quarter earnings. EBay Inc declined. AMR Corp dropped 8%.
123jump.com Staff
22 Sep, 2010
New York City
The smartphone maker quarterly revenue soared 31% to $4.62 billion. Net income in the quarter surged 68% to $796.7 million after consumer demand for its flagship product, BlackBerry, continued to grow. Earnings per share rose to $1.46, compared to 83 cents per share in the prior-year quarter.
Arthi Gupta
22 Sep, 2010
New York City
The UK indexes declined on the growing speculation that the Bank of England may be forced to widen bond purchase and increase the asset purchase program. The Confederation of British Industry lifted growth outlook for 2010. Mining companies rallied as copper and precious metals edged higher.
