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Australia Trims Spending and Targets Surplus; March Exports Soar

Marcus Jacob
10 May, 2011
New York City

Australian stocks declined for the second day as the federal government cut spending and deferred infrastructure projects to bring the deficit in control. Australia swung to a trade surplus in March. The dollar declined on the worries that China will tighten rates as trade surplus soared in April.

U.S. Movers: Advance Auto Parts, Dollar Tree, Limited Brands, Sears

Mukesh Buch
19 May, 2011
New York City

Advance Auto Parts first quarter net income grew to $109.6 million. Dollar Tree first quarter net income surged to $101.0 million. Limited Brands first quarter net income soared to $165.2 million. Sears Holdings reported first quarter net loss of $170 million.

U.S. Indexes Weak on Economic Data; LinkedIn IPO Soars 94%

Bikram Pandey
19 May, 2011
New York City

U.S. stocks fell after mind-Atlantic region showed weak manufacturing activity and existing home sales in April were weaker than expected. LinkedIn public offering soared on the first day of offering. French leaders worked behind the scenes to curtain the fallout from Dominique Strauss-Kahn scandal.

U.S. Stocks, Dollar Advance; Oil, Gold, Silver Rebound

Bikram Pandey
09 May, 2011
New York City

U.S. stocks retained positive bias as European markets declined and Asian markets struggled. Sovereign debt default worries resurfaced after Greek bond yields soared above 25%. Commodities rebounded. Crude oil gained 5% gold gained 1.4% and silver soared 7%.

U.S. Movers: BroadSoft, Dril-Quip, Sysco, Sempra Energy, Steris, AES, Zoran

Mukesh Buch
09 May, 2011
New York City

Dynegy reported first quarter net loss of $77 million. Sysco third quarter net earnings rose to $258.5 million. Sempra Energy first quarter net income soared to$258 million. The AES first quarter net income surged to $224 million. Zoran quarterly net loss widened to $30.3 million.

UK Stocks Fall, HSBC Net Surges; Barclays Set Aside

Marcus Jacob
09 May, 2011
New York City

UK indexes declined tracking the losses in European markets. Commodities rebound lifted resource stocks. Gold gained 1% and silver added 4%. Centrica plunged 11% after it estimated slower earnings growth. HSBC net soared 50% and Barclays set aside

U.S. Stocks Struggle, Silver Rebounds; Hertz Revises Dollar Offer

Bikram Pandey
09 May, 2011
New York City

U.S. stocks struggled to hold early gains as commodities rose and sovereign default worries resurfaced in the euro-zone. Gold gained 1% and silver rebounded more than 4% as precious metals rallied after a sell-off last week. Hertz revised its offer for Dollar Thrifty.

European Indexes Drop, Greek 2-year Bond Yield Soars to 25.4%

Nigel Thomas
09 May, 2011
New York City

European markets opened lower and declined sharply in the late afternoon on the worries that Greek bonds may face restructuring as early as next month. Banks and insurance companies declined in the region. Yields on 2-year Greek bonds surged to 25.4% and yields on Irish and Portuguese bonds surged.

Sensex in India Close Flat; Adani Power, Hindustan Unilever Rise

Devan Biswas
09 May, 2011
New York City

Stocks in Mumbai edged slightly higher after companies announced better than expected earnings. Adani Power, Federal Bank and Hindustan Unilever gained after the release of earnings. Piramal Life Sciences gained after its announced the spinoff of its research division.

Nikkei Declines Second Day; Japan Oders Nuclear Plant Closure

Nigel Thomas
09 May, 2011
New York City

Investors sold stocks in Tokyo for the second day in a row on uncertainty related to power supply in central Japan. Prime Minister Naoto Kan ordered the temporary shutdown of a nuclear power plant in an earthquake prone zone. Chubu Electric dropped 10%. Kirin and Yamaha declined on earnings worries.

Australia Awaits Budget; Jobs Ads Rise for the Eleventh Month

Marcus Jacob
09 May, 2011
New York City

Australian stocks edged higher in a cautious trading ahead of federal budget tomorrow. The Australian dollar and oil closed higher. The Australian economy continues to create jobs as the latest private survey showed a sharp jump in ads. The jobs ads increased for the eleventh month in a row.

Netflix Q1 Earnings Call Transcript

123jump.com Staff
03 May, 2011
New York City

The online movie rental company said quarterly revenue rose 46% to $718.55 million. Net income in the quarter surged 86% to $60.2 million, helped by strong subscriber growth in the U.S. Earnings per share increased to $1.11 per diluted share versus 59 cents per share in the year-ago quarter.

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