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European Indexes Weak; UBS Net Drops 50%, BP Profit Down 21%

Arjun Dave
26 Jul, 2011
New York City

The European markets struggled as investors digested a string of mixed earnings. BP Plc reported sharply lower profit on a weak production outlook and the largest Swiss bank UBS said quarterly net was cut in half on revenue fall of 14%.

U.S. Indexes Calm as Debt Talks Anxieties Rise; Strong Earnings

Devan Biswas
26 Jul, 2011
New York City

The U.S. indexes struggled as earnings were ahead of expectations but debt-talks uncertainty unnerved investors. The U.S. is facing a government shutdown and a rating downgrade if the lawmakers fail to agree on a spending cut plan and lift debt ceiling before August 2.

Nikkei in Tokyo Trades Higher Yen Scales Up

Nigel Thomas
26 Jul, 2011
New York City

Stocks in Japan rebounded on the hopes of better than expected earnings. Canon and Kao revised earnings estimates higher. Metals and resources linked companies gained as gold and oil trade near recent highs.

Australian Stocks Rebound; Consumer Spending to Recover

Marcus Jacob
26 Jul, 2011
New York City

Australian stocks rebounded as commodities prices hovered near the recent highs. The RBA Governor Glenn Stevens noted that rises in commodities prices shipped from Australia may stabilize but sounded optimistic about the improvement in consumer spending.

Impasse in Washington; Impatience in New York

Bikram Pandey
25 Jul, 2011
New York City

U.S. stocks turned cautious as fears of debt default gripped investor sentiment near close. Bond yields gained a fraction and oil traded near $100 a barrel, however the dollar was firm. Greek bailout plan failed to calm the European bond markets and Asian markets faltered.

European Markets Struggle; Yields Rise in Spain, Italy and Belgium

Devan Biswas
25 Jul, 2011
New York City

The European markets struggled after the Greek bailout agreement on Friday. The bond yields of Italy and Spain rose as the euro-zone ministers agree to share pain to rescue Greece. Belgian banks fell as the pressure mounts on the government to pass more austerity measures.

U.S. Movers: Baker Hughes, Lorillard, Eaton, HCA, Kimberly-Clark

Mukesh Buch
25 Jul, 2011
New York City

Baker Hughes second quarter net income swung to $338 million. BE Aerospace second quarter net earnings soared 46%. Eaton second quarter net income increased to $336 million. HCA Holdings and Kimberly-Clark quarterly net income decreased.

Debt-Talks-Stall Saps Market Confidence; World Markets Cautious

Arjun Dave
25 Jul, 2011
New York City

U.S. indexes trended lower as the lack of progress in debt talks sapped market confidence. Any agreement of debt ceiling increase less than $2.4 trillion may lower world markets. Research In Motion Ltd announced to cut 2,000 jobs. Oil flirted near $100 a barrel.

Nikkei Declines in Tokyo; Tepco Recovers from 9% Loss

Nigel Thomas
25 Jul, 2011
New York City

Stocks in Japan declined on the worries that the U.S. debt talks impasse may lead to financial markets dislocation. The Nikkei index hovered near the 10,000 mark and the yen strengthened to a 4-month high.

Bank of America Q2 Earnings Call Transcript

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

The financial services provider reported quarterly revenue, net of interest expense plunged 55% to $13.24 billion. Net loss in the quarter was $8.8 billion. The company lost 90 cents per share compared to earnings of 27 cents per share in the year-ago period.

Australian Index Drops 1.6%; Macarthur Coal Production Falls 24%

Marcus Jacob
25 Jul, 2011
New York City

The benchmark index in Sydney dropped the most in the last ten days of trading as the U.S. lawmakers struggle to agree to revise the debt ceiling. Macarthur Coal Ltd said coal production declined 24% in the first half and dropped 22.5% in the last quarter in the aftermath of natural disasters.

Goldman Sachs Q2 Earnings Call Transcript

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

The financial services firm reported revenues in the quarter declined 18% to $7.28 billion. Net quarterly earnings soared 77% to $1.09 billion. Earnings per share rose to $1.85 compared to 78 cents per share a year earlier.

U.S. Stocks Gyrate With Debt Talks Spin; Oil Nears $100

Bikram Pandey
22 Jul, 2011
New York City

The U.S. indexes struggled as debt talks meandered and an agreement on spending limits appeared far from certain. The euro-zone leaders struck a deal that will trim Greek government debt and share pain with banks and offered new loans at cheaper rates. Oil neared $100 and gold at $1,600.

U.S. Movers: Caterpillar, General Electric, Microsoft, McDonald

Mukesh Buch
22 Jul, 2011
New York City

Caterpillar second quarter net income surged 44% to $1.01 billion. Dover second quarter net earnings rose to $249.8 million. General Electric second quarter net earnings climbed 22% to $3.7 billion. Microsoft fourth quarter net income surged 30% to $5.9 billion. McDonald

Apple Q3 Earnings Call Transcript

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

The PC maker quarterly sales rose 82% to $28.57 billion. Net income in the quarter grew 125% to $7.31 billion. Earnings per share soared to $7.79 versus $3.51 per share a year-ago quarter. iPhone sales surged 142% annually to 20.34 million units and iPad sales soared 183% to 9.25 million units.

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