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UK Indexes Drop; Petropavlovsk Swings to Profit

Arthi Gupta
25 Aug, 2011
New York City

The UK indexes declined after retail sales fell in August. The UK and Switzerland agreement on taxes increase the reach of UK government. U.S.-based SPX agreed to acquire CLYDEUNION Pumps for

U.S. Jobless Claims Rise; Apple CEO Quits

Arthi Gupta
25 Aug, 2011
New York City

U.S. indexes traded sideways after weekly jobless claims rose 5,000 to 417,000. SPX agreed to acquire CLYDEUNION Pumps for $1.15 billion. Renaissance Learning received $15.50 a share takeover offer. Steve Jobs resigned as CEO of Apple that he co-founded and turned it the most valued U.S. company.

Nikkei in Tokyo Rebounds 1.5%; Banks, Exporters Lead

Nigel Thomas
25 Aug, 2011
New York City

Stocks in Tokyo trading rebounded and the yen weakened a fraction. Exporters and trading companies gained. Energy and resource linked companies advanced as the oil firmed. Banks rebounded a day after Japanese government debt was lowered.

German Sentiment Declines; Swiss Confidence Slumps

Arthi Gupta
25 Aug, 2011
New York City

German consumer sentiment forecasted to weaken in September. Spanish producer price inflation rose in July. Dutch producer sentiment decelerated, Swiss investor confidence slumped, and Iceland inflation remained flat in August. Swedish jobless rate and economic sentiment fell.

Australian Stocks Gain 1.1%; Woolworths Net Up 5%

Marcus Jacob
25 Aug, 2011
New York City

The Australian stocks traded higher after a barrage of earnings. Virgin Blue reported smaller than expected losses. Retailer Woolworths said annual earnings rose 5% on sales increase of 4.9%. Leighton appointed new chief executive and chairman.

France Unveils

Arthi Gupta
25 Aug, 2011
New York City

European indexes extended gains. The French Prime Minister Francois Fillon unveiled a package of austerity measures that could save

U.S. Indexes Jump 1%, Gold Tumbles 5%

Bikram Pandey
24 Aug, 2011
New York City

U.S. indexes turned higher in the late afternoon as bargain hunters returned and gold dropped more than 5%. The yields on the U.S. Treasury bonds, Japanese bonds and German bonds traded near recent lows. European banks to cut 40,000 banking staff.

Tokyo Ignored Japan Debt Downgrade, Bond Yield Stable

Nigel Thomas
24 Aug, 2011
New York City

Stocks in Japan turned lower as the yen traded near record high and the government announced new measures to support exports. Investors ignored a rating downgrade of the Japanese government debt by one notch. The ruling party is expected to select a new prime minister at the end of this month.

U.S. Movers: American Eagle, Avago, CVS, Calpine, Toll Brothers

Mukesh Buch
24 Aug, 2011
New York City

American Eagle said second quarter net income soared 104% to $19.6 million. Avago third quarter net income increased to $144 million. CVS Caremark new share repurchase program for $4 billion. Toll Brothers third quarter net income increased to $42.1 million.

BHP Billiton Net Soars 86%; Glencore Bids for Minara

Marcus Jacob
24 Aug, 2011
New York City

Stocks in Australia edged lower as metals and oil prices hovered near recent highs. BHP Billiton reported fiscal year revenues increased 36% and net soared 86% on a strong demand from Asian economies. Pacific Brands issued a cautious outlook. Qantas annual earnings were ahead of expectations.

Cisco Systems Q4 Earnings Call Transcript

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

The computer networking gear maker quarterly net sales rose 3.3% to $11.2 billion. Net income in the quarter slumped 36% to $1.2 billion on hefty restructuring charges. Earnings per share fell to 22 cents compared to 33 cents per share for the year-ago quarter.

UK Indexes Gain; BHP Billiton Record Net

Arthi Gupta
24 Aug, 2011
New York City

The UK indexes gained after mixed global economic data. Glencore offered A$0.87 a share in cash for remaining stake in Australia-based Minara Resources. BHP fiscal year net surged to record high on the revenues gain of 36% and a strong demand from China.

U.S. Durable Orders Rise 4%; Toll Brothers Net Surges 54%

Arthi Gupta
24 Aug, 2011
New York City

U.S. indexes rose after durable goods orders improved more than anticipated in July but mortgage activity dropped 2.4%. Par Pharmaceutical agreed to acquire Anchen Pharmaceuticals for $410 million. American Eagle and Toll Brothers quarterly net soared.

Euro-zone Orders Fall; German Confidence Deteriorates

Arthi Gupta
24 Aug, 2011
New York City

Euro-zone new industrial orders slumped, Hungarian retail sales fell, and Norway

European Indexes Rise; Heineken Plunges 13%

Arthi Gupta
24 Aug, 2011
New York City

European indexes traded higher and German business sentiment deteriorated in August. Denmark unveiled $2.1 billion stimulus package. Glencore bid for remaining stake in Australia-based Minara Resources. Accor swung to first-half profit.

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