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Asian Markets Drop 2% on U.S. Jobs Report

Nigel Thomas
05 Sep, 2011
New York City

Asian markets slid following the weak U.S. employment report. The market index in Korea led the region with a loss of 4% and the index in Hong Kong fell 3%. The indexes in Shanghai, Australia and Taiwan dropped more than 2% and in India declined 0.6%.

U.S. Indexes Drop 2%; Europe Faces More Sovereign Debt Stress

Bikram Pandey
02 Sep, 2011
New York City

The U.S. indexes declined more than 2.6% after payroll report. August unemployment rate was unchanged at 9.1% and most sectors trimmed jobs in the month. Oil declined more than 2% and gold gained 3%. Nearly after four years, the U.S. set to sue banks for misleading investors in mortgage securities.

U.S. Movers: Campbell Soup, Esterline, Finisar, H&R Block, Peabody

Mukesh Buch
02 Sep, 2011
New York City

Campbell Soup fourth quarter net earnings fell to $100 million. Esterline third quarter net fell to $37.7 million. H&R Block first quarter net loss widened to $175.1 mn. Peabody slashed earnings outlook for third quarter and fiscal year 2011. Teavana Holdings announces agreement for intl. expansion.

UK Indexes Plunge 2.5%; Construction Activity at 8-Month Low

Arthi Gupta
02 Sep, 2011
New York City

The UK indexes extended losses after construction activity slid to an eight-month low in August and orders declined in the second quarter. Smiths Interconnect acquired Power Holdings for $235 million. LSE confirmed takeover talks with LCH.Clearnet.

U.S. Jobless Rate at 9.1%; Deficit Estimate Lowered 20%

Arthi Gupta
02 Sep, 2011
New York City

U.S. indexes fell after non-farm payroll level stagnated in August. The OMB estimated U.S. deficit to fall 20% to $1.316 trillion. Domestic automakers reported strong growth in U.S. auto sales in August. NextEra agreed to sell natural gas-fired power assets for $1 billion.

Nikkei in Japan Declined 1.2%; Quarterly Capital Spending Falls 8%

Nigel Thomas
02 Sep, 2011
New York City

The Nikkei index declined 1.2% on Friday and advanced 1.7% and gained for the second week. Capital spending in the quarter to June declined 7.8% from a year ago. Automakers declined after Toyota and Honda reported lower sales in the U.S.

Australian Index Down 1.5%; Qantas Yield Improves on Jetstar

Marcus Jacob
02 Sep, 2011
New York City

The Australian benchmark index dropped 1.5% on Friday and gained 1% in the week. SABMiller turn up heat on Foster

Euro Area PPI Rises 6.1%; Spain

Arthi Gupta
02 Sep, 2011
New York City

Euro area zone producer prices increased but Czech retail sales fell in July. Spanish unemployment and export price inflation rose in August. Hungary trade surplus narrowed in June.

European Indexes Slump 2%; Deutsche Bank, Credit Agricole Drop 5%

Arthi Gupta
02 Sep, 2011
New York City

The European market indexes declined more than 2%. Talks between Greece and international lenders suspended after disagreement over budget cuts. Shell agreed to sell stake in gas transport system to Infragas Norge AS for $730 million. Peugeot plans to invest

U.S. Indexes Decline Ahead of Jobs Report; Chain Stores Sales Shine

Bikram Pandey
01 Sep, 2011
New York City

The U.S. indexes dropped more than 1% ahead of the employment report tomorrow. The yield on the Treasuries declined. Goldman Sachs declined 3% after it agreed to pay $53 million in penalties related mortgage loans servicing and foreclosure processing.

Greif, Methode, SAIC Fall; Ciena, Movado, UTi Rise

Mukesh Buch
01 Sep, 2011
New York City

Ciena third quarter net loss narrowed to $31.4 million. C&J Energy second quarter net income surged to $33.2 million. SAIC second quarter net income fell to $178 million. Toronto-Dominion Bank third quarter net income increased to $1.45 billion. UTi second quarter net income rose to $22.9 million.

UK Manufacturing Drops; Hargreaves, Hays Surge

Arthi Gupta
01 Sep, 2011
New York City

The UK indexes fell on mixed global economic data. UK manufacturing declined to a 26 month-low in August. Glencore expressed intent to acquire stake in South African mining group Optimum Coal. Hargreaves surged 13% after fiscal year 2011 revenue increased 31% to

Nikkei Extends Rally to 6th Day; Steelmakers Up

Nigel Thomas
01 Sep, 2011
New York City

The benchmark index in Tokyo gained for the sixth day in a row on the rising optimism for exports. The yen traded near its record high. Steelmakers led the gainers on the falling material prices.

PetSmart Q2 Earnings Call Transcript

123jump.com Staff
01 Sep, 2011
New York City

The specialty pet supplies and services retailer reported total quarterly sales increased 7.0% to $1.5 billion on comparable store sales rise of 5.0%. Net quarterly income grew 27% to $61 million. Earnings per share rose to 54 cents versus 41 cents per share in the year-ago quarter.

U.S. Weekly Jobless Claims, Productivity Drop

Arthi Gupta
01 Sep, 2011
New York City

U.S. indexes traded sideways after weekly jobless claims fell 12,000 to 409,000 and nonfarm business sector labor productivity decreased at a 0.7% annual rate in the second quarter. IBM agreed to acquire Canada-based Algorithmics for $387 million.

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