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Australia Proposed Carbon Tax; Peabody Sends New Bid for Macarthur

Marcus Jacob
11 Jul, 2011
New York City

Stocks in Australia in a knee jerk reaction closed lower after Prime Minister Julia Gillard proposed to levy $23 a ton of carbon generated by the largest 500 Australian companies. The proposal is expected to be implemented by July 2012. Qantas quickly announced the plan to pass on the tax.

French Industrial Output Increases; Norwegian Inflation Declines

Arthi Gupta
11 Jul, 2011
New York City

The OECD leading index fell in May. French industrial production expanded and Greek industrial output rebounded in May. Denmark surplus rose and Estonia''s trade deficit narrowed to

Italy's 4% Plunge Drags Europe Lower; Nestle Buys Chinese Candy Maker

Arthi Gupta
11 Jul, 2011
New York City

European Union regulators to hold an emergency meeting today as debt fear contagion spreads to Italy. The index in Germany fell 2.3%, in Paris dropped 2.7% and in Italy plunged 4%. Nestle agreed to buy stake in China-based Hsu Fu Chi for $1.72 billion.

U.S. Indexes Drop 1.4% on Weak Jobs Growth

Bikram Pandey
09 Jul, 2011
New York City

U.S. indexes turned lower after unemployment rate increased to 9.2% and payrolls increased only 18,000 in June. The second weak monthly jobs data cast a long shadow on market sentiment and investors scaled back economic expansion outlook. Crude oil decreased and gold gained.

U.S. Movers: Ameron, Ixia, National Oilwell, PriceSmart, Regis

Mukesh Buch
08 Jul, 2011
New York City

Ameron International second quarter net income plunged. National Oilwell agreed to acquire Ameron in cash for $772 million. PriceSmart third quarter net income rose. FTI Consulting estimated second quarter revenues in the range of $395 million to $401 million.

Marvell Technology Q1 Earnings Call Transcript

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

The chipmaker net revenue for the first quarter fell 6% to $802.40 million. Net income declined 29% to $146.9 million in the quarter. Earnings dropped to 22 cents per share compared to 30 cents per share for the year-ago quarter.

UK Index Decline 1.1%; BSkyB Acquisition in Limbo

Arthi Gupta
08 Jul, 2011
New York City

The UK indexes declined after producer prices rose 5.7% in June, driven by higher petroleum and food prices. News Corp may face a delay in the acquisition of British Sky Broadcasting after an outrage on its long practised journalism ethics at the largest selling tabloid.

U.S. Non-Farm Payrolls Rise 18,000; Jobless Rate at 9.2%

Arthi Gupta
08 Jul, 2011
New York City

U.S. indexes futures edged lower after non-farm payrolls increased a meagre 18,000 and unemployment rate climbed to 9.2% in June. U.S. retailers reported best same store sales in seven years. Newport agreed to buy Ophir Optronics for $230 million.

Nikkei in Japan Gains 0.7%; Retailers Lift Earnings Outlook

Nigel Thomas
08 Jul, 2011
New York City

The benchmark index Nikkei in Tokyo closed at a 4-month high after the yen weakened and retailers lifted operating earnings outlook. Utilities rebounded a day after falling sharply on the stress test worries.

German Trade Surplus at

Arthi Gupta
08 Jul, 2011
New York City

German exports rebounded but manufacturing turnover fell in May. French May budget deficit widened and business sentiment fell in June and Swiss jobless rate remained flat in June. Hungary trade surplus surged in May.

Australian Stocks in 1.1% Upswing; Six Oil Drilling Licenses Awarded

Marcus Jacob
08 Jul, 2011
New York City

Australian stocks closed higher and the benchmark index gained 1.1%. The index added 1.4% for the week. Miners and financials led the gainers in trading. Four Jetstar aircrafts missed regular schedule and were grounded overnight for checking.

Deutsche Boerse Completes NYSE Merger; European Markets Rest

Arthi Gupta
08 Jul, 2011
New York City

The European indexes traded sideways and German exports gained 4.3% in May. NYSE Euronext shareholders approved merger with Deutsche Boerse. ING agreed to sell its car lease unit to BMW for $1 billion.

U.S. Indexes Rise on Jobs Outlook; Gold, Oil Advance

Bikram Pandey
07 Jul, 2011
New York City

U.S. indexes closed higher after a private survey estimated private sector payrolls increased 156,000 in June and weekly jobless claims fell 14,000. The larger than estimated increase in private sector lifted the Nasdaq and S&P 500 indexes more than 1%. Gold and crude oil advanced.

U.S. Movers: AAR, A. Schulman, Hi-Tech, Lumber

Mukesh Buch
07 Jul, 2011
New York City

AAR fourth quarter net income soared 32% but A. Schulman third quarter net income fell 28%. International Speedway second quarter sales fell. Lumber Liquidators revised expected net sales of second, third and fourth quarters.

Rediff.com India Q4 Earnings Call Transcript

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

The news, information, entertainment, and shopping portal said quarterly revenue rose 14% to $5.6 million. Net loss in the quarter narrowed 3% to $2.3 million. Net loss per ADS for the quarter was $0.084 as compared to a net loss per ADS of $0.082 for the same quarter last fiscal year.

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