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Australian Retail Sales, Business Investment Rise; Manufacturing Weakens

Marcus Jacob
01 Sep, 2011
New York City

The Australian stocks traded higher and the dollar was firm after retail sales increased and business investment in the second quarter was higher than expected. However, manufacturing continued to struggle under strong dollar.

Euro Area Manufacturing Contracts; Swiss Retail Sales Drop 3.4%

Arthi Gupta
01 Sep, 2011
New York City

Manufacturing growth slumped in the euro area in August. Norway money supply growth improved but Danish jobless rate remained flat in July. Denmark industrial turnover rose and Swiss gross domestic product

German GDP Slows to 0.1% Growth; Pernod Ricard Net Rises 10%

Arthi Gupta
01 Sep, 2011
New York City

European indexes slumped after euro area manufacturing activity fell to a 2-year low in August. German second quarter GDP was estimated at 0.1% increase. Imtech agreed to acquire Qbranch. Pernod Ricard net rose 10% driven by strong growth in emerging markets.

World Stocks Turn Positive; U.S. Sue to Block AT&T, T-Mobile Merger

Bikram Pandey
31 Aug, 2011
New York City

The U.S. stocks closed higher after factory orders rose 2.4% in July. The narrow index of large companies turned positive and telecom stocks were under pressure after the Justice Department blocked the $39 billion merger between AT&T and T Mobile.

U.S. Movers: Bombardier, DryShips, Joy Global, PVH Corp, Vera Bradley

Mukesh Buch
31 Aug, 2011
New York City

Bombardier second quarter net income surged 53% to $211 million. DryShips reported second quarter net loss of $114.1 million. Joy Global third quarter net income soared 46% to $173.11 million. Lions Gate said Carl and Brett Icahn agreed to sell up to 44.2 million shares to the company.

UK Stocks Gain 2% and Confidence Dips, Ireland Unemployment at 14.4%

Arthi Gupta
31 Aug, 2011
New York City

The UK indexes extended gains of more than 2% for the second day in a row. UK consumer confidence dipped in August. Irish jobless rate rose to eight-month high in August. Tesco decided to sell its business in Japan.

U.S. Private Jobs Rise; Mortgage Applications Drop

Arthi Gupta
31 Aug, 2011
New York City

The U.S. indexes traded higher and the private sector employment rose in August but mortgage and refinancing activity fell. Carl Icahn agreed to sell his stake in Lions Gate Entertainment. AT&T proposed to bring back 5,000 jobs as a condition of T Mobile merger approval.

Ross Stores Q2 Earnings Call Transcript

123jump.com Staff
31 Aug, 2011
New York City

The apparel and home accessories retailer sales for the quarter increased 9% to $2.09 billion, with comparable store sales up 5% on top of a 4% gain in the prior year. Net earnings in the quarter rose 15% to $148.3 million. Earnings per share rose to $1.28 from $1.07 per share a year-ago quarter.

Japan Stocks Flat; Taiheiyo Cement Plunges 14%

Nigel Thomas
31 Aug, 2011
New York City

Stocks in Japan edged up a fraction and extended rally for the fifth day in a row. Automakers, banks and trading companies led the advancers. The Yen traded near its 25-year high. Taiheiyo Cement plunged 14% after it proposed to a stock offering.

Australian Stocks Advance; Rock, MyState Merge

Marcus Jacob
31 Aug, 2011
New York City

The Australian stocks traded higher and the dollar was firm. Traders are betting that the dollar to rise as much as $1.20 on the sustained exports to China and other nations in Asia. The Rock agreed to a merger with MyState on 40% premium.

Euro-zone Unemployment at 10%; Swedish Growth Lowered

Arthi Gupta
31 Aug, 2011
New York City

Euro-zone inflation was steady at 2.5% in August and unemployment was at 10% in July. German unemployment declined but Italy''s annual inflation increased in August. Norway

Germany Approves EFSF Reforms; Vivendi Net Rises, Carrefour Swings to Loss

Arthi Gupta
31 Aug, 2011
New York City

European indexes rose after German lawmakers approved reforms to the European rescue fund. The euro area jobless rate remained flat at 10% in July. National Bank of Greece swung to first-half loss. Bouygues announced a share repurchase worth

U.S. Stocks Rise; Exxon, Rosneft in Arctic Deal, Lehman to Pay $65 Billion

Bikram Pandey
30 Aug, 2011
New York City

The U.S. indexes rebounded in the afternoon after dropping as much as 1%. The consumer confidence index declined to the lows last seen in April 2009 and metropolitan home price index declined in June. Exxon Mobil Corp and OAO Rosneft reached an agreement to explore Arctic oil.

Nikkei Extends Gains in 4-day Rally; Banks, Sony up

Nigel Thomas
30 Aug, 2011
New York City

Stocks in Tokyo traded higher for the third day in a row. Japan elected Yoshihiko Noda, sixth prime minister in five years. Sony Corp and Hitachi and Toshiba are expected to form venture to make liquid crystal displays. Banks closed higher and energy linked stocks rebounded.

U.S. Movers: Barnes & Noble, Dollar General, DSW, Peabody, VeriFone

Mukesh Buch
30 Aug, 2011
New York City

Dollar General second quarter net income increased 3.4% to $146.04 million. DSW second quarter net income soared 43.7% to $33.7 million. Peabody agreed for takeover of Macarthur Coal valuing A$4.8 billion. Bank of Nova Scotia third quarter net income increased 18% to $1.3 billion.

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