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Next Phase in U.S. Debt Brawl; Indexes Struggle on Manufacturing Slowdown

Arthi Gupta
01 Aug, 2011
New York City

U.S. indexes gained after the White House and the Congressional leaders agreed to raise the debt ceiling. First Niagara agreed to acquire 195 branches from HSBC subsidiary for $1 billion. European manufacturing activity declined in July.

Nikkei Gains 1.3%, Yen Nears 4-month High; Fanuc, Mitsubishi UFJ Up

Nigel Thomas
01 Aug, 2011
New York City

Stocks in Japan closed higher on the hopes that the U.S. lawmakers will approve the debt framework agreed by the leaders of the Senate, the House and the White House. The yen hovered near its record high. Exporters and electronics makers gained.

Euro Area Jobless Rate Flat at 9.9%; Manufacturing Weakens

Arthi Gupta
01 Aug, 2011
New York City

European manufacturing activity fell in July. Euro area jobless rate remained flat at 9.9% and Italy jobless rate dipped in June to 8% and Danish retail sales fell.

Cautious Advance in European Indexes; TNT Net Plunges 85%

Arthi Gupta
01 Aug, 2011
New York City

European indexes traded higher after the U.S. lawmakers agreed on a spending framework that may worsen unemployment in the next two years. EADS agreed to acquire Vizada for $960 million. The euro-zone unemployment was flat in 9.9%. TNT quarterly earnings slumped 85%.

Australian Stocks Rebound; Macarthur Rejects Peabody Offer

Marcus Jacob
01 Aug, 2011
New York City

The Australian benchmark index rebounded from the lows of 11-month after the U.S. lawmakers agreed on a framework to cut spending and lift debt ceiling that may not cut unemployment and hut the economy more in the short term.

Whole Foods Market Q3 Earnings Call Transcript

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

The natural and organic foods supermarket said quarterly sales increased 11% to $2.4 billion. Comparable store sales rose 8.4% or 17.2% on a two-year stacked basis. Net quarterly income surged 35% to $88.5 million. Earnings per share grew to 50 cents versus 38 cents per share a year-ago quarter.

U.S. Recession Deeper Than Estimated; World Markets on the Edge

Bikram Pandey
29 Jul, 2011
New York City

U.S. stocks struggled in anticipation that the House will make a progress on the debt vote and the Senate and the White House will find the agreement with the opposition. GDP growth slowed to 1.3% in the second quarter and depth of the 2007-2009 recession was revised deeper.

U.S. Movers: Amgen, Aon, Chevron, ITT, Merck, Starbucks, Reuters

Mukesh Buch
29 Jul, 2011
New York City

American Electric Power second quarter net earnings rose to $352 million. Amgen second quarter net income fell to $1.17 billion. Chevron second quarter net income surged to $7.73 billion. Merck second quarter net income rose to $2.02 billion. Starbucks third quarter net earnings rose 34% to $2.8 bn.

UK Confidence Falls, Home Prices Up; BSkyB Net Falls 8%

Arthi Gupta
29 Jul, 2011
New York City

The UK indexes dropped after consumer confidence fell to a two-year low in July and home prices increased 0.2% in July. UK mortgage approvals increased in June. British Sky Broadcasting net declined 8%.

U.S. GDP Growth Slowed to 1.3%; Chevron Earnings Surge

Arthi Gupta
29 Jul, 2011
New York City

U.S. indexes declined after GDP expanded at a slower pace of 1.3% in the second quarter. The debt ceiling impasse continued after the Republican lawmakers delayed a critical vote yesterday. Merck plans to cut up to 13,000 positions by the end of 2015.

Nikkei in 3-day Slump, Yen Nears Record High; Nintendo Plunges 12%

Nigel Thomas
29 Jul, 2011
New York City

Stocks in Japan fell for the third day in a row as the U.S. faces debt default. The irresponsible lawmakers in the House are playing reckless with the U.S. economic recovery and the endangering world economic growth. Nintendo plunged 20% on weak sales and Nisshin Steel lifted annual earnings view.

Euro-zone Inflation Eases to 2.5%; Spanish Unemployment at 20.9%

Arthi Gupta
29 Jul, 2011
New York City

Euro-zone inflation eased to 2.5% in July. German retail sales rose more than estimated and French consumer spending improved in June. Spain jobless rate declined to 20.9% in the second quarter.

U.S. Debt Impasse Drags European Indexes; Total Net Falls

Arthi Gupta
29 Jul, 2011
New York City

European indexes traded lower after ratings agency placed Spain''s ratings on review for possible downgrade. The U.S. debt ceiling impasse added to traders

Australian Index Eases 3.9% in the Week

Marcus Jacob
29 Jul, 2011
New York City

The Australian benchmark index declined to 11-month low as the global economic growth was endangered by the irresponsible U.S. lawmakers. U.S. is only three days away from a debt default that could slow the incipient economic recovery and raise rates worldwide.

Stocks Waver; Republicans Set Debt Agenda With Pet Projects

Bikram Pandey
28 Jul, 2011
New York City

The Republican Party controlled U.S. House is expected to vote on the revised deficit bill as investors demand a plan for a loge term debt solution that needs cuts in military and increase taxes for wealthy. Stocks wavered and gold and commodities traded near recent highs.

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