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Japan Elects Naoto Kan as New Premier

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
04 Jun, 2010
New York City

Japan elected fifth prime minister in four years. The political turmoil gripped the administration of Prime Minister Yukio Hatomaya after he failed to deliver on several campaign promises and lost support of his party and coalition partners.

FTSE Gains; UK Net Reserves Rise

Arthi Gupta, Mayank Mehta and Sanjay Barot
03 Jun, 2010
New York City

UK indexes gain on positive economic data and earnings momentum. UK house price index rises 0.5% month-on-month and service sector expands for a thirteenth consecutive month in May.

BP Faces Penalties; UK Money Supply Flat

Arthi Gupta, Mayank Mehta and Sanjay Barot
02 Jun, 2010
New York City

UK stocks fall after U.S. threatens civil and criminal probes against BP Plc. UK construction sees strong growth during May. UK mortgage approvals increase in April but M4 money supply remains flat. Jupiter Investment Management prices IPO.

AutoNation, Exide Gain; Hovnanian Falls

Mayank Mehta
03 Jun, 2010
New York City

AutoNation, Inc. led gainers in the S&P 500 index with a rise of 4.9%. AutoNation''s May retail new vehicle unit sales up 22%. BJ''s same-store sales rise 3.5%, excluding gas. Ross Stores May same-store sales jump 5%. American Eagle Outfitters same-store sales dip 3%.

Best Buy, CA Decline; Amgen, Apple Rise

Mayank Mehta
02 Jun, 2010
New York City

Best Buy Co., Inc. led the decliners in the S&P 500 index with a loss of 3.6%. Energy stocks rise. JoS A Bank profit up 38%. Lionsgate fiscal 2010 loss narrows to $19.5 million.

European Markets Surge; Euro Area PMI Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
03 Jun, 2010
New York City

European markets advance after positive U.S and euro area economic data. The euro area services purchasing managers'' index rises to 56.2 in May. Ahold N.V. quarterly profit rises 46%.

Infrastructure Projects Awards in India

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
02 Jun, 2010
New York City

Rupee loses further after shedding 80 paisa yesterday. Stocks in Mumbai traded higher on infrastructure awards. Tata opens Sanand plant for Nano. Emirates Telecom is in talks for Reliance stake. Reliance Infra wins Delhi-Agra NHAI project.

Euro Area PPI Surges; BP Investigation

Arthi Gupta, Mayank Mehta and Sanjay Barot
02 Jun, 2010
New York City

European markets close lower on the growing threat of civil and criminal penalties against BP Plc. Banking stocks led the decline. Euro area producer price inflation surges 0.9% in April. Portugal Telecom announces a revised proposal from Telef

China Stocks Gain; HK Index Declines

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
02 Jun, 2010
New York City

China stocks rise for first time in four days as developers and brokerages gain. Hong Kong stocks fall after Bank of China started its 40 billion yuan convertible bond sale. Fujian Cement plans to buy rights issue of Industrial Bank. Galaxy Entertainment Group first quarter EBITDA rises 79%.

Prime Minister Hatoyama Resigns

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
02 Jun, 2010
New York City

Stocks in Japan fell after Prime Minister Yukio Hatoyama said he will resign after his popularity plunged on wavering stance on campaign pledges and backtracking on the removal of U.S military base in Okinawa.

Australian GDP Expands 0.5% in the First Quarter

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
02 Jun, 2010
New York City

The Australian dollar and stocks fell even as the Bureau of Statistics declared GDP expanded in the first quarter. Tenet Healthcare eyes Healthscope to tap private care market in Australia. Insurance Australia shares slump after cut in margin outlook. Metcash

Jobs Data Lift U.S. Indexes

Arthi Gupta, Mayank Mehta and Sanjay Barot
03 Jun, 2010
New York City

U.S. and world markets gain as improving economic data boosts investor confidence. U.S. private sector employment increases by 55,000 jobs in May and initial jobless claims falls by 10,000 to 453,000 for the week.

Nikkei Surges 3.2%

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
03 Jun, 2010
New York City

Stocks in Tokyo surged the most in the last six months after U.S. auto sales increased and positive economic data in Europe and the U.S.

The McClatchy Q1 Earnings Call Transcript

123jump.com Staff
03 Jun, 2010
New York City

Revenues fell 8.2% to $335.6 million and net income was $2.2 million or 3 cents a share. Operating cash flow nearly doubled to $81.9 million and our operating cash flow margin was 24.4%. National advertising declined 7% compared to a 19.8% decline in the last quarter of 2009.

Stocks in Mumbai Sustain Gains

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
03 Jun, 2010
New York City

Indian stocks rose to a three week high after demand for raw materials, consumer goods and services supported the market sentiment.

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