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Sydney Gains; Santos in $15 B LNG Project

Chandrasekhar Atreya
26 Aug, 2010
New York City

Stocks in Australia rallied after Woolworth net increased 10.1% to A$2 billion and said it will buyback A$700 million shares. Santos Ltd is planning $15 billion LNG project in Queensland. Wealth manager 100F Holdings full-year net surged four-fold.

Nikkei Edges Up 0.7%

Chandrasekhar Atreya
26 Aug, 2010
New York City

Stocks in Japan traded higher for the first time in five days helped by a weakened but steady yen. Ozawa decides to challenge Kan for the ruling party leadership. Domestic shipments of solar cells and personal computers rise in Japan.

China Stocks Volatile; Jiangxi Copper Net Up

Chandrasekhar Atreya
26 Aug, 2010
New York City

Stocks in China dropped after choppy trading in international markets. Geely Automobile Holdings Ltd first half net surged 35% and Cosco Shipping Co net surged 54%. Alibaba.com completes its second acquisition.

U.S. Stocks Gain; Jobless Claims Drop

Arthi Gupta
26 Aug, 2010
New York City

U.S. stocks rose after weekly jobless claims fell 31,000 to 473,000. Chilean President agreed to sell TV network to Time Warner. Google unveiled voice calling service. Mazda and Ford joint venture plan to invest $350 million in Thailand. Novartis acquired 77% stake in Alcon for $28.3 billion.

Sensex Gains; India to Form Infrastructure Fund

Chandrasekhar Atreya
26 Aug, 2010
New York City

India control oil companies will not bid for Cairn India stake. India will float $11 billion fund by the next fiscal year to finance large infrastructure projects. A modest decline in inflation was recorded in the latest read.

World Indexes Flirt With Lows

Bikram Pandey
25 Aug, 2010
New York City

U.S. stocks traded sideways after new homes sales plunged and durable goods rose less than estimated. U.S. indexes are down 13% from the highs in April and index in Japan is down more than 22%. European indexes decline as economic recovery prospects abate. The dollar and oil close higher.

VeriFone, Toll Brothers Rise; AMR Drops

Bikram Pandey
25 Aug, 2010
New York City

U.S. stocks and indexes traded lower after new home sales plunged. AMR Corp, the parent of American Airlines dropped 5% after mechanics union decide to strike. Toll Brothers gained after it reported unexpected profit. VeriFone Systems Inc surged 8% after it lifted annual outlook.

Abercrombie & Fitch Q2 Earnings Call Transcript

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

The teen apparel retailer quarterly sales increased 17% to $745.80 million on comparable sales rise of 5%. Net income generated in the quarter was $19.48 million. The company earned 22 cents per share, compared to a loss of 30 cents per share in the year-ago quarter.

UK Indexes Slide; Tullow Plunges

Arthi Gupta
25 Aug, 2010
New York City

The UK indexes traded lower after the rating agency downgraded Ireland

Hewlett-Packard Q3 Earnings Call Transcript

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

The technology company said net quarterly revenue climbed 11% to $30.73 billion. Net quarterly income rose 6% to $1.8 billion. Earnings per share grew to 75 cents versus 69 cents per share a year-ago quarter. The company estimates revenue of $32.5 billion to $32.7 billion for the fourth quarter.

European Indexes Down; Heineken Net Soars

Arthi Gupta
25 Aug, 2010
New York City

The European indexes dropped after weak economic data in the U.S. German building industry orders climbed in June and business confidence rose in August. Spain

Sensex Drops; Adani in $1.6 B Indonesia Project

Chandrasekhar Atreya
25 Aug, 2010
New York City

Stocks in Mumbai traded down tracking losses in Asia and world markets. Reliance Insurance said its asset under management crossed $3 billion. Orissa government may give alternate bauxite mines for Vedanta refinery. Adani agrees to build a rail line in Sumatra for $1.6 billion.

U.S. Stocks Fall, Durable Goods Orders Rise

Arthi Gupta
25 Aug, 2010
New York City

U.S. stocks fell after durable goods orders rose 0.3% in July. Roche and Aileron signed an agreement to develop Stapled Peptide drugs. Mortgage refinancing activities index rose to a 15-year high.

Chalco Reports Loss; Stocks Decline

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

Stocks in China dropped following weak international sentiment. China now accounts for 59% broadband connections in Asia Pacific. Chalco reported a loss in first quarter and plans to expand into other mineral areas. Cosco Pacific first half net surged 82%.

Nikkei Drops 1.7%, Trade Surplus Soars

Chandrasekhar Atreya
25 Aug, 2010
New York City

Stocks continue to slide deeper in bear territory in Tokyo as the yen advanced. Exports growth in July slowed but trade surplus soared as much as 120%. Mitsubishi joins shale gas development project in Canada.

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