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Market Update

UK Indexes Up 1.9%; BP, Reliance Finalize $7.2 Billion Deal

Arthi Gupta
30 Aug, 2011
New York City

The UK indexes gained after mortgage approvals increased and M4 money supply fell in July. BP inked $7.2 billion deal with India-based Reliance Industries. Bunzl surged 4.3% after first-half revenues grew 4% to

U.S. Growth Outlook Lowered; Dollar General Net Rises

Arthi Gupta
30 Aug, 2011
New York City

U.S. indexes traded lower ahead of the consumer confidence report and the minutes of the FOMC meeting held in August. Bank of America agrees to sell its partial stake in China Construction Bank.

Euro-zone Confidence Slumps; Spanish Inflation Eases to 2.9%

Arthi Gupta
30 Aug, 2011
New York City

Euro-zone economic confidence slumped but Italy business sentiment strengthened in August. Portuguese retail sales increased and. Swiss consumption indicator fell in July. Polish economy expansion flat in the second quarter.

Harvey Norman Cautious Outlook, Macarthur Agrees to Peabody Bid

Marcus Jacob
30 Aug, 2011
New York City

The Australian benchmark index was nearly unchanged but retained a positive bias. Macarthur Coal agreed to $16 a share that valued the company at A$4.8 billion. Harvey Norman declined on the cautious outlook.

European Indexes Lower; Alpha Bank Swings to Loss

Arthi Gupta
30 Aug, 2011
New York City

European indexes declined after euro-zone confidence slumped in August. Macarthur accepted sweetened A$16 a share offer from Peabody and ArcelorMittal. Italy sold

Limited Brands Q2 Earnings Call Transcript

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

The women''s apparel and personal care products retailer quarterly net sales quarter grew 10% to $2.46 billion on comparable store sales rise of 9%. Net income in the quarter surged 29% to $231.2 million. Earnings per share climbed to 73 cents versus 54 cents per share for the year-ago quarter.

S&P 500 Soars 3% on Spending Data and a Bank Merger in Greece

Bikram Pandey
29 Aug, 2011
New York City

The largest increase in consumer spending in five months and the much needed consolidation between two Greek banks lifted the market sentiment. The financial stocks led market rally was also bolstered after insurance companies estimated less than expected losses from the Hurricane Irene.

U.S. Movers: Donaldson, LDK Solar

Mukesh Buch
29 Aug, 2011
New York City

Donaldson fourth quarter net sales increased 21% to $625 million and earnings in the quarter soared 29% to $66 million. LDK Solar reported second quarter net loss of $87.7 million.

U.S. Personal Spending, Income Rise; Irene Losses of $10 Billion

Arthi Gupta
29 Aug, 2011
New York City

U.S. indexes traded higher after personal income rose 0.3% and spending soared 0.8% in July. Hurricane Irene losses are expected to increase $10 billion in six states. Cisco agreed to acquire Versly to provide enhanced collaboration solutions. Spain reached an accord on public deficit limit.

Madison Square Garden Q2 Earnings Call Transcript

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

The entertainment and media company reported quarterly revenue increased 3% to $233.9 million driven by a rise in revenues at the media and sports segments. Net quarterly income slumped 39% to $8.5 million. Earnings per share fell to 11 cents versus 18 cents per share a year ago quarter.

Nikkei in 3-day Rally; Sixth Prime Minister Noda in 5 Years

Nigel Thomas
29 Aug, 2011
New York City

Stocks in Tokyo traded higher for the third day in a row. Japan selected its sixth prime minister in five years. Finance Minister Yoshihiko Noda is expected to win vote tomorrow in the lower house of the parliament.

13th Monthly Decline in Spanish Retail Sales; Italian Sentiment Weakens

Arthi Gupta
29 Aug, 2011
New York City

Spanish mortgage approvals dropped in June. Swedish retail sales eased in July. Greek producer price index increased in July. Italian consumer confidence weakened in August. Norwegian factory wages climbed in the second quarter.

Australian Stocks Higher; QR National Swings to Profit

Marcus Jacob
29 Aug, 2011
New York City

The Australian benchmark index gained and commodities linked stocks and bank led the advance. QR National swung to a profit but fell short of its outlook. Centro Properties warned that the company has no alternative but to merge with Centro Retail.

DAX Up 1.5%; Spain Amends Constitution to Limit Deficit

Arthi Gupta
29 Aug, 2011
New York City

European indexes edged higher. Spain reached an accord on public deficit limit. Home prices in the UK declined in August. Nordea planned to slash 2,000 jobs by 2012.

Tiffany Q2 Earnings Call Transcript

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

The jewelry retailer quarterly net sales soared 30% to $872.7 million on comparable store sales rise of 28%. Net earnings in the quarter surged 33% to $90 million. Earnings per share increased to 69 cents compared to 53 cents per share last year.