Chandrasekhar Atreya
25 Aug, 2010
New York City
Stocks in Australia fell as neither party won a clear majority in the election also weak home sales in the U.S. dragged international markets lower. BHP Billiton profit nearly doubled. Total construction work done rose in the quarter to June.
Bikram Pandey
24 Aug, 2010
New York City
U.S. stocks declined sharply after the existing home sales declined at twice the pace in July. The rising inventory of unsold homes and the lowest rate of home sales in a decade unnerved investors. Three leading indexes dropped 1% or more.
Bikram Pandey
24 Aug, 2010
New York City
U.S. stocks declined after existing home sales plunged 27% in July. Home builders and banks led decliners. Education providers, Strayer Education, ITT Educational and Apollo Group Inc traded higher after the U.S. Department of Education said it will conduct review of the graduation data.
Arthi Gupta
24 Aug, 2010
New York City
The UK indexes fell on the momentum of global economic recovery. The UK mortgage approvals dropped in July. Xstrata agreed to acquire Sphere Minerals for $383 million. India rejected permission for a bauxite mining project by Vedanta.
123jump.com Staff
24 Aug, 2010
New York City
The chip maker revenue in the quarter rose 53.8% to $1.60 billion. Net quarterly income surged 1977% to $278.32 million helped by strong product demand within its Broadband and Mobile & Wireless segments. Earnings per share soared to 52 cents as against 3 cents a share a year ago.
Arthi Gupta
24 Aug, 2010
New York City
The European indexes traded lower amidst concerns over the pace of global economic recovery. Euro-zone industrial order growth slackened in June. Germany GDP expanded 2.2% in the second quarter to June and budget deficit rose in the first half.
Arthi Gupta
24 Aug, 2010
New York City
U.S. stocks declined amidst concerns of economic recovery. AIG repaid $3.95 billion in loans to the Federal Reserve Bank of New York. Trina Solar Ltd second quarter net soared 108%. Big Lots quarterly net soared 37%.
123jump.com Staff
24 Aug, 2010
New York City
Stocks in Mumbai trade down most of the day. State Bank of India expects to earn $2 billion in profit in the current year, record for any bank in India. Cairn India discovers oil and gas in KG basin. India rejects Vedanta
Chandrasekhar Atreya
24 Aug, 2010
New York City
Stocks in China rallied for the first time in three days while in Hong Kong fell. Shipbuilding orders soar in China while sales of new homes in Shanghai drops in the first seven months. China Construction Bank first half net soared 27%.
Chandrasekhar Atreya
24 Aug, 2010
New York City
The benchmark index in Japan dropped and fell more 20% from its peak in April as the government struggles to revive aggregate demand and stem the rise of yen. Panasonic plans to expand China capacity flat screen TV capacity five-fold. Demand for new 20-year government bond firms up.
Chandrasekhar Atreya
24 Aug, 2010
New York City
Stocks in Australia fell on continuing election uncertainty. Melbourne water supply eases. AWB shareholders back takeover by Agrium Inc. Mako shares debuts strongly. Macarthur Coal Ltd is looking to raise A$450 million and annual earnings declined 26%.
Nigel Thomas
23 Aug, 2010
New York City
U.S. stocks search for direction and close lower in the final minutes. Merger activities in the U.S., Europe and Asia heat up and lift sentiment in the morning. Nikkei Stock Average in Japan dropped to the low for the year as the yen hover near recent high.
Arthi Gupta
23 Aug, 2010
New York City
The UK indexes rose after HSBC agreed to buy a majority stake in Nedbank Group. BP announced open water fishing operations. Verizon Wireless completed the acquisition of Centennial Communications assets.
Arthi Gupta
23 Aug, 2010
New York City
The European indexes gained on merger and acquisition-related reports and a rise in mining stocks. The Bundesbank President Axel Weber noted modest euro area growth revisions. Euro area private sector growth slackened in August. German manufacturing dropped in August.
Arthi Gupta
23 Aug, 2010
New York City
U.S. stocks advance as mergers and acquisitions heat up. Singapore inflation soared to 3.1%. Potash Corp rebuffed BHP''s renewed $130 per share acquisition bid and Sinochem may join the fray. HP agreed to acquire 3PAR for $24 per share. HSBC offered to buy majority stake in Nedbank Group.
