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Australian Stocks Rebound; News Corp Under Scanner

Marcus Jacob
13 Jul, 2011
New York City

Australian stocks rebounded after steep losses last week. Resources linked companies gained after China expanded at 9.5% in the second quarter. David Jones estimated net profit to decline as much as 2%.

Family Dollar Stores Q3 Earnings Call Transcript

123jump.com Staff
12 Jul, 2011
New York City

The retail discount stores operator net sales for the quarter increased 7.8% to $2.153 billion on comparable store sales rise of 4.7%. Net quarterly income rose 6.5% to $111.1 million. Earnings per share climbed to 91 cents compared to 77 cents a year-ago quarter.

World Focus on U.S. Debt Talks, Euro-zone Contagion

Bikram Pandey
12 Jul, 2011
New York City

U.S. indexes rebounded in the late afternoon after the release of the Fed minutes of meeting held last month as minority prefers additional stimulus. Electronic chip makers declined after Novellus provided cautious outlook. Cisco gained more than 2% after the company plans to cut 14% of its staff.

U.S. Movers: Alcoa, Clean Energy, Fastenal, Microchip, Radiant

Mukesh Buch
12 Jul, 2011
New York City

Alcoa second quarter net income soared. Clean Energy said Chesapeake investing $150 million. Microchip expects first quarter net sales to be fell 1.5%. Radiant Systems agreed to be acquired by NCR Corporation for $1.2 billion.

UK Banks Lead Indexes Lower; Thomas Cook Plunges 28%

Arthi Gupta
12 Jul, 2011
New York City

The UK indexes declined after home prices fell, annual total retail sales increased 1.5% and inflation dropped unexpectedly to 4.2% in June. The UK leading index climbed in May. Thomas Cook plummeted 28% after bleak third quarter underlying operating profit outlook.

U.S. Deficit Widens to $50.2 Billion, Alcoa Net More Than Doubles

Arthi Gupta
12 Jul, 2011
New York City

U.S. indexes traded lower as the euro-zone debt contagion fears expand to Italy and Spain. U.S. trade deficit widened to $50.2 billion in May. NCR agreed to acquire Radiant Systems for $1.2 billion. Alcoa Inc net sales increased 27% and net more than doubled.

Nikkei in Japan Declined 1.4%, Rate on Hold

Nigel Thomas
12 Jul, 2011
New York City

Stocks in Japan declined following the worldwide stocks and commodities selloff. Japanese investors are increasingly factoring a bailout of Spain and Italy in the next six months. Banks led the losers as trading and resource companies also dropped. The yen strengthened.

French Deficit Widens; German Inflation Flat at 2.3%

Arthi Gupta
12 Jul, 2011
New York City

Inflation in the euro area eased and Czech jobless rate dipped in June. Greek import price inflation slackened and French deficit widened in May.

Italian Debt Sale Fails to Improve European Market Sentiment

Arthi Gupta
12 Jul, 2011
New York City

European finance ministers failed to resolve the participation level of private lenders in the second Greek bailout after six hours meeting on Monday. Growing Italian debt fears dragged European indexes more than 2%. Italy completed short term debt sale at a sharply higher rate.

Australian Stocks Follow World Markets Lower; News Corp Drops 4.5%

Marcus Jacob
12 Jul, 2011
New York City

Australian markets followed world markets and declined 1.9% after the euro-zone debt contagion fears widened to Italy. The sudden shift in the sentiment unnerved world stock and commodities markets that saw major indexes decline near 2%.

European Debt Stress Drags S&P 2% Lower; Euro at $1.40

Bikram Pandey
11 Jul, 2011
New York City

U.S. indexes on Monday dropped as much as 2%. The sentiment weakened after the weak jobs report on Friday, rising inflation in China and the spread of sovereign debt stress in Italy accelerated sell-off from the start. Peabody Energy made one more attempt to acquire Australia based Macarthur Coal.

U.S. Movers: Arch, Caterpillar, Micromet, Stillwater, Vanguard

Mukesh Buch
11 Jul, 2011
New York City

Arch Chemicals agreed to be acquired by Lonza Group AG for $1.4 billion. Caterpillar completed acquisition of Bucyrus International of $8.8 billion. Micromet and Amgen enter in a collaboration agreement. Stillwater enters in a deal to acquire Peregrine Metals Ltd for $487.1 million.

Manufacturing Output in Ireland Rises; BSkyB Slumps 6.5%

Arthi Gupta
11 Jul, 2011
New York City

The UK indexes traded lower on global economic concerns as Italy gained the focus of bond investors. Manufacturing output in Ireland increased in May and construction activity dropped in June. BSkyB slumped 6.5% after the company''s proposed acquisition by News Corporation is under scanner.

Nikkei in Tokyo Drops 0.7%; Elpida Plunges 13%

Nigel Thomas
11 Jul, 2011
New York City

The Nikkei index declined after rallying for two weeks and the yen strengthened. Industrials and automakers declined after the U.S. reported sharply lower than expected increase in payrolls. Banks fell after debt contagion fears spread in the euro-zone to Italy.

U.S., World Markets Down on Italian Debt Fears, Chinese Inflation

Arthi Gupta
11 Jul, 2011
New York City

U.S. indexes dropped 1% on the euro-zone debt contagion fears. Italy is the latest focus. Precision Castparts agreed to acquire Primus International for $900 million. Peabody and ArcelorMittal confirmed joint bid for Australia-based Macarthur Coal for $5 billion.

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