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News Corp. Drops BSkyB Bid; Ireland Debt Downgraded

Arthi Gupta
13 Jul, 2011
New York City

The UK indexes edged higher after China reported positive GDP data. The UK jobless rate was 7.7%. Ireland''s government bonds cut to junk status. News Corp. withdrew its bid for BSkyB after company faces systemic problems with news gathering techniques.

U.S. Import Prices Fall 0.5%; Kinetic Concepts in $6.3 Billion Deal

Arthi Gupta
13 Jul, 2011
New York City

U.S. indexes futures gained after import prices fell 0.5% in June. Applications for U.S. home mortgages slid for the fourth consecutive week. Private equity consortium acquired Kinetic Concepts for $6.3 billion. Electronic Arts agreed to buy PopCap for $750 million.

European Indexes Rest; ASML Net Soars 81%

Arthi Gupta
13 Jul, 2011
New York City

European indexes inched higher after China reported faster than estimated second quarter economic growth. Euro-zone industrial production growth eased to 0.1% in May. ASML net soared 81% and Gerresheimer surged 8% after quarterly earnings increased.

Bank of Japan Adds Japanese Equities; Yen Strengthens to 79

Nigel Thomas
13 Jul, 2011
New York City

Japanese stocks rebounded after the Bank of Japan stepped its purchase of Japanese equities and stronger than expected economic expansion in China. The yen strengthened for the third week in a row and traded below 79 to a dollar and 110 to one euro.

Euro-zone Production Eases 0.1%; German WPI Declines

Arthi Gupta
13 Jul, 2011
New York City

Euro area industrial output eased in May. German wholesale price inflation declined but Spanish inflation eased in June. Norwegian home prices rose in the second quarter. Finnish retail sales increased in May.

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%.

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