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Market Update

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.

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