ticker

MetLife, Expedia Rise; First Solar, Merck Fall

Mayank Mehta
30 Jul, 2010
New York City

Thoratec Corporation led the decliners in the S&P 500 index with a loss of 16.5%. First Solar posts lower profit and lifts outlook. Amgen reports largely flat earnings. Expedia Inc. second quarter profit soars. Chevron net income triples to $5.4 billion.

European Markets Slide; CPI Up 1.7%

Arthi Gupta
30 Jul, 2010
New York City

The European markets decline amidst concerns of slow economic growth in the U.S. Euro-zone unemployment rate flat at 10% in June and CPI rises 1.7% in July. Moody''s lowers Iceland government bond ratings to negative from stable.

Slower GDP Growth Drags U.S. Stocks

Darlington Musarurwa
30 Jul, 2010
New York City

U.S. stocks decline after GDP expanded at a slower pace 2.4% in the second quarter from the revised 3.7% rate in the first quarter. Bullard warns U.S. at risk for Japanese-style deflation. The IMF says massive policy response aids U.S economic recovery. Disney agrees to sell Miramax Films.

Jamaica Sells Sugar Refineries to Complant

123jump.com Staff
30 Jul, 2010
New York City

Jamaica finalizes the sale of final three sugar refineries to China based Complant International for US$9 million. The deal may pave for the build out of 200,000 tons ethanol refinery that may alleviate the imports of crude oil in Jamaica.

Sensex Declines; Mumbai Land Auction

Chandrasekhar Atreya
30 Jul, 2010
New York City

Stocks in Mumbai fluctuated and closed lower. Textile ministry begins land auction to raise $1.1 billion. UltraTech plans Capex of Rs 12,000 crore in the next five years. Ashok Leyland plans to pick 26% stake in U.K.-based Optare.

China Region Stocks Drop; Zijin VP Detained

Chandrasekhar Atreya
30 Jul, 2010
New York City

Stocks in China retreated led by financials and steelmakers. China clears the takeover of Volvo Car Corp by Geely Holding. Charles River withdraws takeover offer of WuXi on the investors

Nikkei Dips; Toyota Recalls Expand

Chandrasekhar Atreya
30 Jul, 2010
New York City

Stocks in Japan fell sharply with as many as 204 stocks retreating in the Nikkei 225 Stock Average on an increase in unemployment and a drop in core consumer price index. Toyota problems mount as recalls continue. Strikes in China affected 32 Japanese firms, a report by Asahi shows.

Sydney Slips; GrainCorp, AWB Deal Final

Chandrasekhar Atreya
30 Jul, 2010
New York City

Stocks in Australia retreated on cautious outlook at Macquarie Group. GainCorp agrees to buy AWB and form Australia

Weak Tech Stocks Drive U.S. Indexes Lower

123jump.com Staff
29 Jul, 2010
New York City

Tech stocks were in focus in New York trading after earnings from Akamai, Nvidia and Symantec. Visa Inc, Tesoro Inc and Tyco International were the other leading decliners in trading. European markets closed higher after confidence index rose to 2-year high.

UK Indexes Climb; Home Prices Fall

Arthi Gupta
29 Jul, 2010
New York City

The UK indexes rise on strong earnings. The UK home prices fall in July, mortgage approvals decline and M4 money supply flat in June. UK government asks corporations to abolish fixed retirement age plan as of 2011.

Vistaprint, Akamai, Covance, Symantec Decline

Mayank Mehta
29 Jul, 2010
New York City

Brunswick Corporation led gainers in the S&P 500 index with a rise of 16.3%. Goodyear Tire swings to second quarter profit. Exxon Mobil earnings rise by $3.6 billion. Automatic Data Processing profit falls. Southwest Airlines'''' quarterly profit rises 23%. Motorola net jumps on 1.5% lower revenue.

European Indexes Up; Sanofi-Aventis Up

Arthi Gupta
29 Jul, 2010
New York City

The European markets soared after strong earnings and economic data. Euro-zone economic sentiment rises in July but household saving and business investment rate declines in the first quarter. German unemployment falls in July. Sanofi-Aventis and Siemens report net rises.

U.S. Stocks Gain; Motorola Net Surges

Arthi Gupta
29 Jul, 2010
New York City

U.S. stocks trade higher after positive global earnings trends. U.S. weekly jobless claims fall 11,000 to 457,000. BP agrees to pay $60 million in advance payments in August. Avis Budget submits bid for Dollar Thrifty. AstraZeneca gets regulatory approval for Brilinta.

India Tightens Telecom Security Rules

Chandrasekhar Atreya
29 Jul, 2010
New York City

Stocks in Mumbai fluctuated and closed higher. Soros plans to buy Dubai Holding

China Stocks Flat; ICBC Rights Offering

Chandrasekhar Atreya
29 Jul, 2010
New York City

Stocks in China rallied led by cement and steelmakers after the central bank said it will keep a loose monetary policy. ICBC is planning a rights issue. China ranks first in emerging countries for investment. Industrial accidents are on the rise in China.

Market Update