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Index in Australia Soars 1.9%, Confidence Up

Chandrasekhar Atreya
30 Aug, 2010
New York City

Stocks in Australia gained after the U.S. stocks rose on positive comments from the Fed Chairman. Sales of new homes fell in July for the third month in a row. Farmers reported in a survey that business confidence is on the rise in August. Business profit surges in the quarter to June.

Bernanke Comments Drive U.S. Indexes Higher

Bikram Pandey
27 Aug, 2010
New York City

U.S. stocks picked up momentum after Fed Chairman indicated economic recovery is likely to pick up as conditions improve. U.S. revised second quarter GDP estimate downward to 1.6% from advance estimate of 2.4%. Oil, copper, lead and zinc gained more than 2%, tracking stocks.

UK GDP Revised Higher; Ireland Surplus Falls

Arthi Gupta
27 Aug, 2010
New York City

The UK indexes rose after an upwardly revised GDP growth of 1.2% in the second quarter and service sector index rose 1.4%. Irish trade surplus narrowed in June. Exports increased 1% on an annual basis to

3PAR Surges; J Crew, Tiffany Fall

Bikram Pandey
27 Aug, 2010
New York City

3PAR surged more than 30% after Hewlett Packard lifted its bid to $30 a share. J Crew Group Inc declined after it lowered its annual earnings outlook. Tiffany & Company declined after it reported sales that missed analysts expectations.

European Indexes Gain; ING Rises

Arthi Gupta
27 Aug, 2010
New York City

The European indexes gained and German import price inflation rose in July. Spanish retail sales fell in the month after VAT increase. Greek PPI slackened in July. ING Groep agreed to sell 50% stake of ING Summit to Canadian JV.

U.S. Stocks Up; GDP Revised Lower

Arthi Gupta
27 Aug, 2010
New York City

U.S. stocks advance after GDP expanded a downwardly revised 1.6% in the second quarter. 3PAR accepted Dell

Sensex Drops 1.3%; Spice, Iron Ore Exports Up

Chandrasekhar Atreya
27 Aug, 2010
New York City

The benchmark index in Mumbai dropped 1.3% in a volatile trading with the index declining 2.2% in the week, largest weekly drop this quarter. Coal India begins search for anchor investors. Ranbaxy settles patent issue with Roche Eximbank sanctions loan to Reliance Power for Sasan plant.

Canada Pension to Buy Australia based Intoll

Chandrasekhar Atreya
27 Aug, 2010
New York City

Stocks in Australia rallied to gain modestly. Availability of residential rental property rises in Sydney to a 12-month high. Canadian Pension Board agrees to buy Intoll for A$ 3.44 billion. Newcrest Mining gets closer to acquiring Lihir Gold.

Nikkei Rebounds 1% as CPI Falls 1.1%

Chandrasekhar Atreya
27 Aug, 2010
New York City

The benchmark index in Japan dropped to a new intra-day low but managed to gain nearly 1% by close. For the week the index declined 2.1%. Core consumer price index fell for the seventeenth month in a row. Unemployment rate dropped in July. Toyota recalls extends to Corollas.

China Govt Revenues Up 26%; PetroChina Falls

Chandrasekhar Atreya
27 Aug, 2010
New York City

Stocks in China moved sideways to close marginally higher. China

U.S. Indexes Fall, European Markets Rise

Bikram Pandey
26 Aug, 2010
New York City

The broader indexes declined in five of the last six session and the economic worries remain top concern of retail investors. U.S. jobless claims declined in the last week but European indexes rebounded after better than expected earnings from Credit Agricole and L

Abercrombie, Patterson Decline; Jo-Ann Rises

Bikram Pandey
26 Aug, 2010
New York City

U.S. stocks struggled after jobless claims declined more than estimated but late monthly mortgages payment rose. Patterson Cos. Declined after it missed revenues estimates. Jo-Ann Stores Inc surged more than 13% after it lifted fiscal 2011 earnings estimate.

Advance Auto Parts Q2 Earnings Call Transcript

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

The specialty retailer of automotive aftermarket parts reported quarterly sales increased 7.2% to $1.42 billion on comparable store sales gain of 5.8%. Net quarterly income rose 25.6% to $100.91 million. Earnings per share grew to $1.16 versus 83 cents per share in the same quarter last year.

UK Retail Sales Climb; Kazakhmys Soars

Arthi Gupta
26 Aug, 2010
New York City

The UK indexes climbed after August retail sales rose. The Financial Services Authority suggested that UK firms should hold more capital against risks. G4S agreed to buy 51% stake in Brazil-based Plantech.

Europe Indexes Rise; Agricole, L

Arthi Gupta
26 Aug, 2010
New York City

The European indexes gained after euro-zone lending and leading indexes rose in July and M3 money supply growth was flat. The ECB said net lending to corporations rose at the fastest pace in July. Novartis acquired 77% stake in Alcon.

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