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Sensex Drops; India Tax Collections Up 16%

Chandrasekhar Atreya
06 Aug, 2010
New York City

Stocks in Mumbai moved sideways and then finished lower taking cues from Asian markets. Coal India Limited board approved draft prospectus of public offering. TRAI recommends a four step process of converting analog to digital TV for cable operators.

China Regulators Defend Stress Test; Sina Up

Chandrasekhar Atreya
06 Aug, 2010
New York City

Stocks in China region after regulators clarified the purpose of bank stress test. House price index drops for second month in Shanghai. Shanghai Volkswagen reports robust sales in July. Sina Corp posts better-than-expected second quarter profit.

Nikkei Drops; Unchanged Coincidence Index

Chandrasekhar Atreya
06 Aug, 2010
New York City

Stocks in Japan dropped after a rise in weekly jobless claim in U.S. increased investor concerns. Toyota says its quality advisory panel will give initial recommendations shortly. The coincident index remains little changed in June.

Sydney drops; RBA Maintains Growth Forecast

Chandrasekhar Atreya
06 Aug, 2010
New York City

Stocks in Australia declined a fraction. RBA holds its forecast for economic expansion and said that resource sector expansion will determine the progress. Construction activity contracts further in July. Aston IPO is downgraded.

Yum! Brands Q2 Earnings Call Transcript

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

The restaurant chains operator second quarter revenue rose 4% to $2.57 billion. Net quarterly income fell 6% to $286 million helped by strong growth in China and Yum! Restaurants International. Earnings per share declined to 59 cents a share from 63 cents a share a year-ago quarter.

Wheat Soars 8%; Indexes Fall in U.S., Europe

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

U.S. indexes fall after weekly jobless claims increase to three-month high. Wheat futures surged nearly 8% after Russia banned exports. The euro gained after the ECB President Trichet said that the economies in the Europe are recovering at a faster than estimate pace.

Metro PCS, GT Solar Surge; Hartford Drops

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

Metro PCS gained after it reported better than expected earnings. GT Solar gained on the rising sales and earnings. The Hartford Financial Services Group dropped after it lowered annual estimate.

Big Lots, Con-Way Drop; Atmel Surges

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

Retailers traded mixed after the release of same store sales. Big Lots led the decliners in the S&P 500 index with a loss of 7%. Con-way dropped 9.6% after earnings plunged. Atmel Corp surged after earnings nearly soared ten-fold.

Record Low Rates; Unilever Drops 6%

Arthi Gupta
05 Aug, 2010
New York City

The UK indexes slide after the BoE retained key rate at 0.5% and

Rates on Hold in Europe; Greece

Arthi Gupta
05 Aug, 2010
New York City

The European indexes declined after the ECB holds key interest rate at 1%. Greece to receive

Sensex Drops; RIL in Gas Deal

Chandrasekhar Atreya
05 Aug, 2010
New York City

Stocks in Mumbai after trading higher through the day lost in the end to close lower. RIL agrees to buy its third shale-gas asset in the U.S. RCom hopes to roll out 3G facility by year end.

U.S. Stocks Fall; Cigna Net Slumps

Arthi Gupta
05 Aug, 2010
New York City

U.S. stocks decline after weekly jobless claims rise 19,000 to 479,000. The Monster Employment Index falls in July. BP gets authorization for cementing procedure on leaking Gulf of Mexico well. Intel and FTC reach settlement on antitrust lawsuit.

China Stocks Drop; July Auto Sales Up 17%

Chandrasekhar Atreya
05 Aug, 2010
New York City

Stocks in China declined after regulators asked banks to conduct stress test for a 60% decline in property prices. Auto sales continued to rise in July, though at a slower pace than in previous months. Cathay Pacific

Nikkei Rebounds; Tokyo Office Vacancy Drops

Chandrasekhar Atreya
05 Aug, 2010
New York City

Stocks in Japan rallied to gain on faster-than-estimated growth in U.S. service industries. Office vacancy rate drops from a record high. Horiba plans to put up an emission testing plant in China.

Sydney Gains; Rio Net Surges

Chandrasekhar Atreya
05 Aug, 2010
New York City

Stocks in Australia rallied ahead of results from Rio Tinto. Axa Asia Pacific stock halted as it still negotiates with ACC. Intoll gives Canada Pension Board one more week for due diligence. Victoria seeks private builders for its rail tunnel.

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