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Corinthian, Apollo Group, ITT Educational Plunge

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

U.S. stocks traded sideways and private education providers dropped sharply after the U.S. Department Education raised loan repayment concerns. Capella, ITT Educational Services, Corinthian Colleges and Strayer Education Inc plunged more than 15%.

UK Home Prices Fall; Vedanta $9.6 B Deal

Arthi Gupta
16 Aug, 2010
New York City

The UK indexes fall tracking losses in energy stocks. The UK commercial property price growth slackens in July and home prices drop 1.7% in August. Aviva confirmed rejection of RSA

European Indexes Fall; Euro-zone Inflation Rises

Arthi Gupta
16 Aug, 2010
New York City

The European indexes declined after a fall in financial stocks. Euro-zone inflation rose 1.7% in July. Moody''s rated negative outlook for Slovakia''s banking system and industrial new order growth eased in June. Italy current account deficit narrowed in June.

Dell to Buy 3PAR; U.S. Stocks Drop

Arthi Gupta
16 Aug, 2010
New York City

U.S. stock trade lower after Japan reported second quarter GDP expanded at 0.1%. China, now the second largest economy in the world after Japan recorded smaller GDP in the second quarter. Dell agreed to buy 3PAR for $1.15 billion. Lowe''s earnings rose 9.6% but lowers forecast.

Sensex Falls; Vedanta, Cairn in $8.5 B Deal

Chandrasekhar Atreya
16 Aug, 2010
New York City

Stocks in Mumbai traded lower on mixed earnings and weak global markets sentiment. Wholesale inflation declined to a six month low in July after food price inflation fell. Vedanta agrees to buy as much as 60% stake in Cairn India. SKS Microfinance surges 18% on first day in trading.

China Stocks Gain; Japan Trails China

Chandrasekhar Atreya
16 Aug, 2010
New York City

Stocks in China gained the most in a week led by healthcare and banking companies while those in Hong Kong echoed mainland sentiments and gained modestly. China

Nikkei Slips; GDP Growth Slows to 0.1%

Chandrasekhar Atreya
16 Aug, 2010
New York City

Stocks in Tokyo trading declined after June quarter GDP expanded at 0.1%, slower pace than the previous quarter. The quarterly GDP also fell below that of China

Sydney Stocks Fall; AWB Surges 29%

Chandrasekhar Atreya
16 Aug, 2010
New York City

Stocks in Australia fell on U.S. ahead of uncertainty in federal election. U.S. based Agrium Inc offered 50% more for AWB Limited that may force Canada based GrainCorp to revise its offer. Newcrest Mining second half profit jumps threefold.

U.S. Slowdown Grips Investors Sentiment

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

U.S. stocks traded sideways after retail sales and consumer price index increased in July. Yields on 10-year and 30-year bonds trade near record lows as bonds rise for the third week in a row. Crude oil declined. Benchmark indexes in the U.S. are down between 2% and 5% for the year.

Autodesk, Nvidia Rise; Nordstrom Falls

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

Stocks edged lower in New York trading and nearly half the stocks in the Dow and the S&P 500 index declined. Nordstrom, Inc plunged 5% after it reported lower than expected earnings. Nvidia Corp gained 4% after quarterly loss widened.

UK Indexes Gain; Turbo Power Plummets

Arthi Gupta
13 Aug, 2010
New York City

The UK indexes gained a fraction after construction industry expanded. The increase in the construction spending may boost second quarter GDP. Aviva rebuffed RSA Insurance''s $7.8 billion offer for general insurance business. BP agreed to pay $50.6 million fine for Texas oil refinery explosion.

Euro-zone GDP Expands; Delhaize Slumps

Arthi Gupta
13 Aug, 2010
New York City

The European indexes pared early gains amidst concerns of global economic recovery. Euro-zone trade balance turned surplus of

Inflation, Retail Sales Data Drag Stocks

Arthi Gupta
13 Aug, 2010
New York City

U.S. stocks decline after CPI rose 0.3% and retail sales grew 0.4% in July. India may demand Google and Skype messaging services to comply with tighter monitoring as it tightens security measures. Nordstrom quarterly sales increased 12.7% and net surged 38.6%.

India Stocks Follow Profits at Adani, Tata Steel

Chandrasekhar Atreya
13 Aug, 2010
New York City

Stocks in Mumbai gained led after better-than-expected profits from Tata Steel and Adani. Bank of India plans to raise capital to increase its regulatory capital requirements. India gives two more weeks to Research in Motion Ltd to resolve security issues. Darjeeling tea prices surge 50%.

Stocks Struggle with 15-Year High Yen

Chandrasekhar Atreya
13 Aug, 2010
New York City

The steep rise in the yen continues to garner attention from stock investors and central bank policy makers. The yen is hovering near the fifteen year high against the dollar as Japanese corporation bring back earner profits from the U.S. Electricity generation in July climbs.

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