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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.

U.S. Indexes Close Higher; Hurricane Irene Worries

Bikram Pandey
26 Aug, 2011
New York City

U.S. indexes traded higher and gold and silver gained. Crude oil declined after Hurricane Irene approached East Coast of the U.S. Financial markets and government offices shut down early in the preparation of storm. Fed Chairman Bernanke offered no new measures to stimulate the economy.

U.S. Movers: Aruba, Micros, OmniVision, Pandora, Tiffany

Mukesh Buch
26 Aug, 2011
New York City

Aruba fourth quarter net income rose to $68.2 million. Micros fourth quarter net income soared 22.6% to $41.5 million. Royal Bank of Canada reported third quarter net loss of C$156 million. Tiffany second quarter net earnings increased 33% to $90.04 million.

UK GDP Expands 0.2%; Service Index Rises

Arthi Gupta
26 Aug, 2011
New York City

The UK indexes edged lower after economic growth slowed to 0.2% in the second quarter and service output increased in June. Home prices in England and Wales declined in July. Daimler and Rolls-Royce received final approval for Tognum acquisition.

U.S. GDP Growth Lowered; Tiffany Net Rises 33%

Arthi Gupta
26 Aug, 2011
New York City

U.S. indexes traded sideways after economic growth estimate was lowered to 1% and consumer sentiment dropped to the level last seen in November 2008. BHP Billiton completed acquisition of Petrohawk Energy. Tiffany quarterly net soared 33% on revenues rise of 30%.

Japan Stocks Waver; Prime Minister Kan Resigns

Nigel Thomas
26 Aug, 2011
New York City

Stocks in Japan wavered as Prime Minister Naoto Kan resigned and paved the way for the sixth prime minister in five years. The yen flirted near recent highs and banks and exporters traded volatile.

French Jobless Rate Rises; Spanish Economy Expands 0.2%

Arthi Gupta
26 Aug, 2011
New York City

Euro-zone money supply improved, French jobless rate rose, German import prices increased and Swedish surplus climbed in July. Swiss economic indicator fell in August. Spain

Italy Sells

Arthi Gupta
26 Aug, 2011
New York City

European indexes declined for the second day in a row on the growing sentiment that Germany and France may lose their highest debt rating. Italy sold

Australian Stocks Volatile; Lend Lease Net Soars 43%

Marcus Jacob
26 Aug, 2011
New York City

Stocks in Australia fell and the benchmark index declined 2.4% in the week. Lend Lease Group fiscal year net soared 43% on 15% lower revenues. The exchange operator ASX Ltd replaced its chief executive. Fairfax Media swung to an annual loss and will list its New Zealand based auction site Trade Me.

U.S. Stocks Drop 1.6%; German Debt Top Rating Reaffirmed

Bikram Pandey
25 Aug, 2011
New York City

U.S. indexes dropped 1.6% after weekly jobless claims rose and markets in Europe closed lower. Three rating agencies reaffirmed the AAA status of German debt and France, Spain and Italy extended ban on short selling banks. BofA soared more than 12% after Berkshire Hathaway agreed to $5 billion.

Berkshire Invests $5 Billion in Bank of America

Arthi Gupta
25 Aug, 2011
New York City

Berkshire Hathaway Inc. announced to invest $5 billion in Bank of America. The conglomerate will buy 50,000 preferred shares at 6% dividend with a buyback clause at 5% premium. With the deal Buffett will become one of the largest shareholders of Bank of America.

U.S. Movers: Applied Materials, Big Lots, Guess, Fred

Mukesh Buch
25 Aug, 2011
New York City

Applied Materials third quarter net income soared to $476 million. Big Lots second quarter net income rose to $35.7 million. Guess second quarter net earnings fell 9% to $60.7 million. TiVo second quarter net loss widened to $19.5 million.

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