ticker

3PAR, BHP, Rio Tinto Rise

Bikram Pandey
23 Aug, 2010
New York City

3PAR soared 40% after Hewlett Packard offered 33% premium to Dell bid. BHP Billiton and Rio Tinto Group increased after hung Parliament election in Australia raised the prospect of mining tax cancelation. Warner Chilcott added 3% after it announced special dividend.

FDI in India

Chandrasekhar Atreya
23 Aug, 2010
New York City

Stocks in Mumbai traded sideways. Maruti Suzuki may be forced to limit exports as the domestic market demand surges and the automaker struggles with a market share decline. Foreign investment in real estate projects in India soars 60-fold in the last five years.

China Stocks Flat; Sinopec Net Up 6.7%

Chandrasekhar Atreya
23 Aug, 2010
New York City

Stocks in China dropped marginally after trading higher in the morning. India gives clearance to two Chinese telecom companies to supply equipment. Sinopec, the largest refiner said first half net profit increased 6.7%. Everbright Securities plan to sell 12% stake in its asset management venture.

Yen

Chandrasekhar Atreya
23 Aug, 2010
New York City

The benchmark index Nikkei declined to the low for the year after government did not indicate any steps to stem the recent rise in the yen. Same store sales at supermarkets and convenience stores drop. Itochu Corp helps Indian farmers to shift to organically grown cotton.

Prospects of Minority Government in Australia

Chandrasekhar Atreya
23 Aug, 2010
New York City

Stocks in Australia stagnated after election results raised the prospect of a minority government. The ruling party needed support of four independents to form a government. Lihir Gold shareholders back takeover plan by Newcrest Mining.

Brocade Q2 Earnings Call Transcript

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

The networking solutions provider revenues dipped 1.1% to $501 million in the quarter. Net quarterly income generated was $22.4 million helped by the absence of acquisition-related impairment charges. The company earned 5 cents a share compared to a loss of 17 cents a share the prior-year quarter.

Boeing Q2 Earnings Call Transcript

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

The aerospace and defense company reported second quarter revenue fell 9% to $15.57 billion. Net quarterly income slumped 21% to $787 million. Earnings per share dropped to $1.06 from $1.41 a year-ago quarter.

U.S. Indexes, Bonds, Oil, Copper Fall

Bikram Pandey
20 Aug, 2010
New York City

U.S. stocks generally closed lower as the prospect of economic recovery appear slower than estimated and job market struggles. Mixed earnings also failed to lift market sentiment. Crude oil, copper and gold edged lower. European markets dropped more than 1% for the second day and in Asia lost 1.5%.

Marvell, Intuit Rise; HP Falls

Nigel Thomas
20 Aug, 2010
New York City

U.S. stocks traded lower for the second day after unemployment claims rise and election rhetoric heats up. Hewlett Packard led the decliners in the Dow with a loss of 2.2% after the earnings Dell Inc net gained 16%. Ann Taylor Stores sales swings to a quarterly profit on 2% rise in sales.

UK Indexes Weak; KNOC Seeks Dana Petroleum

Arthi Gupta
20 Aug, 2010
New York City

The UK indexes dropped after a fall in resource stocks. KNOC makes a hostile offer of

Stocks in Australia Fall Ahead of Election

Chandrasekhar Atreya
20 Aug, 2010
New York City

Stocks in Australia declined more than 1% on the election jitters. National polls are suggesting a virtual tie for tomorrow

European Indexes Decline for Second Day

Arthi Gupta
20 Aug, 2010
New York City

The European indexes declined more than 1% for the second day in a row as the U.S. struggles with jobs market recovery and Europe faces slower economic rebound. The EU Commission noted Greece met the conditions for second loan installment of

Stocks in Japan Erase 2-Day Gains

Chandrasekhar Atreya
20 Aug, 2010
New York City

The benchmark index in Japan erased two days of gains after the yen resurged on the rise in weekly jobless claims. Panasonic shifts some more manufacturing to China to boost output. Crude steel output increases 20%, ninth straight monthly increase in July.

U.S. Stocks Lower; Agrium to Buy AWB

Arthi Gupta
20 Aug, 2010
New York City

The U.S. stocks traded lower and markets in Asia closed sharply down. Agrium agreed to acquire AWB Ltd for $1.1 billion. McDonald''s offered yuan denominated bonds in Hong Kong. Colfax agreed to buy Baric Group. Nokia agreed to acquire privately held Motally.

China Current Account Surplus Declined 8%

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

Stocks in China region dropped after Shanghai city inflation increased to 3.9% and China

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