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Australia Proposes Higher Taxes; Stocks Fall

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
03 May, 2010
New York City

The Australian stocks fell after government announced 40% resource tax as early as 2012. The manufacturing index jumps to 59.8 in April indicating near-trend expansion in the economy. The RBA is scheduled to meet today to decide measures to contain inflation.

Starbucks Q2 Earnings Call Transcript

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

Revenues rose 9% to $2.5 billion and net income rose 769% to $217.3 million or 28 cents a share. Consolidated operating margin increased to 13.4% from 1.8% in Q2 of the prior year. Operating income more than doubled to $48 million. Consolidated operating margin was 13.4% on a GAAP basis.

Ameritrade Q2 Earnings Call Transcript

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

Revenues up 21% to $635.4 million & net income rose 23.2% to $162.6 million or 27 cents a share. Net new assets of $10.2 billion for the March quarter were up 59% from $6.4 billion in the same quarter last year. Interest expense for the quarter was $3 million higher than the same quarter last year.

Freeport McMoran Q1 Earnings Call Transcript

123jump.com Staff
01 May, 2010
New York City

Revenues rose 68% to $4.36 billion and net income rose 1,986% to $897 million or $2.00 a share. Operating cash flows in the quarter very strong at 1.8 billion. Consolidated unit net cash cost averaged $0.81 per pound in the first quarter of 2010.

Morgan Stanley. Q1 2010 Earnings Call Transcript

123jump.com Staff
01 May, 2010
New York City

Revenues rose 214% to $9.1 billion and net income was $1.41 billion or 99 cents a share. Profit before tax was $2.1 billion and the PVT margin was 39% compared to 14% last quarter. Profit before tax was $78 million and the PBT margin was 9%. PBT was $173 million for a margin of 26%.

U.S. Stocks Turn Lower; Goldman Sachs Plunges

Arthi Gupta, Mayank Mehta and Sanjay Barot
30 Apr, 2010
New York City

Stocks and indexes closed lower in New York trading on the growing belief that regulators may add criminal charges to ongoing investigation of Goldman Sachs. Barclays Plc fell more than 8% after it reported weaker than expected earnings.

Australian Dollar Firm; Arrow Rises

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
30 Apr, 2010
New York City

Australian dollar rises as Greece agrees to

Japan CPI Rises 0.3%; Nissan in JV in India

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
30 Apr, 2010
New York City

Japan

Investors in Europe Look Beyond Greece

Arthi Gupta, Mayank Mehta and Sanjay Barot
30 Apr, 2010
New York City

The euro gained as fears of Greece debt default receded for now and March unemployment hovered at 10%. Italy''s inflation rises in March. Polish insurer PZU SA raises $2.7 billion in a public offering, the largest in three years. Total''s first quarter profit up 14% on higher oil prices.

UK Stocks Lower; Barclays Net Up 29%

Arthi Gupta, Mayank Mehta and Sanjay Barot
30 Apr, 2010
New York City

U.K. stocks decline as weak consumer confidence and uncertainty over the Greek bailout aid package marred investor sentiment. The pound gains against the dollar. Barclays net rises 29%. WPP raises outlook.

MEMC, VistaPrint Fall; Coinstar Rises

Mayank Mehta
30 Apr, 2010
New York City

MEMC Electronic Materials, Inc led the decliners in the S&P 500 index with a loss of 15%. Allergan reports higher quarterly earnings. Chevron first quarter net income grows by 147%. Nasdaq OMX profit climbs but lags estimates. Coventry Health lifts view as profit doubles.

Foreigners Hold Record Stocks in India

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
30 Apr, 2010
New York City

Market index advance on the back of positive earnings. Foreign holdings of stocks increased to record $79.1 billion and bonds to $13 billion. Gold price reached to 4-month high ahead of wedding season. Ashok Leyland Limited net surges three-fold and Biocon Limited net doubled.

Workers to Resist Greek Austerity Measures

Arthi Gupta
30 Apr, 2010
New York City

European investors surmised that Greece and the EU-IMF will soon finalize the details of bailout. The euro and stock market indexes in the region advanced. However, Greece may be forced to implement additional and tougher austerity measures.

Consumer Spending Supports GDP Growth

Arthi Gupta, Mayank Mehta and Sanjay Barot
30 Apr, 2010
New York City

Higher consumer spending lifted preliminary estimate of the first quarter GDP growth to 3.2%. However housing investments declined 10.9% in the quarter. Contribution from the inventory rebuilding declined sharply in the quarter.

Earnings Drive One-Day Rally in U.S. Stocks

Arthi Gupta, Mayank Mehta and Sanjay Barot
29 Apr, 2010
New York City

U.S. stocks gained the most in two months after a string of positive earnings lifted sentiment. Aetna, Motorola, Starwood, Procter & Gamble, Visa and Baidu.com reported better than expected earnings. For-profit colleges stocks declined after undersecretary for education criticized the industry.

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