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U.S. Stocks, Home Builders Rise

123jump.com Staff
02 Feb, 2010
New York City

U.S. stocks and commodities traded higher. Barnes & Noble increased after activist investor Ron Burkle sought to increase his stake in the book retailer to 37%. Index of pending home sales increased 1%. Earnings lifted stocks of D.R. Horton and Lexmark International.

Markets in Asia, Europe Higher on Earnings

123jump.com Staff
02 Feb, 2010
New York City

Markets in Asia closed higher tracking gains in the U.S. European markets advanced at mid-day. December industrial producer price index increased 0.1% in November. Australia left its key lending rate unchanged at 3.75%.

Exxon Mobil Q4 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 6% to $89.8 billion and net income fell 22% to $6.1 billion or $1.27 per diluted share. downstream operating results in the fourth quarter were a loss of $189 million, down $2.6 billion from the fourth quarter of 2008. Lower margins decreased earnings by $2.2 billion.

Novartis Q4 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 28% to $12.9 billion and net income rose 53% to $2.3 billion or $1.01 per diluted share. Productivity improvements account for the 0.9% point increase of the operating income margin. The net income margin is actually down 0.6% points, but it is all related to exceptional items.

E*TRADE Q4 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales fell 22% to $420.4 million and net loss was $67 million or 4 cents per diluted share. Total operating expense for the quarter rose $17 million to $318 million. Total net charge-offs in the quarter were $324 million, a decrease of $27 million from the prior quarter.

Texas Q4 2009 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 20% to $3.0 billion & net income rose 512% to $655 million or 52 cents per diluted share. Gross margin increased 150 basis points sequentially to 52.9% of revenue, compared with a year ago quarter, gross margin increased 890 basis points.Operating profit for the quarter was $875 million.

Estee Lauder Q2 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 11% to $2.26 billion & net income rose and net income rose 62.2% to $256.2 million or $1.28 a share. Gross margin improved by 150 basis points this quarter to 76.6%. Operating expenses as a percentage of sales for the quarter improved 290 basis points to 58.9% compared to 61.8% last year.

Colgate-Palmolive Q4 Earnings Call Transcript

123jump.com Staff
02 Feb, 2010
New York City

Sales rose 11.5% to $4.08 billion & net income rose 27% to $631 million or $1.21 a share. The 5.5% volume growth in North America, Operating cash flow was excellent up 42% which should enable to fund increased dividends & stock repurchases. Operating profit was strong.

Shanghai Stocks Decline; Anhui, Sinoma Soar

Mayank Mehta
01 Feb, 2010
New York City

Stocks in Shanghai dropped on the worries that China will tighten lending conditions after the comments from Deputy Governor of People

Australian Stocks Fall Ahead of Rate Decision

Darlington Musarurwa
01 Feb, 2010
New York City

Australian investors took a cautious view ahead of the RBA meeting and rates are expected to increase by 25 basis points to 4%. Australia

Auto Sales in Japan Rebound; Honda Recall

Darlington Musarurwa
01 Feb, 2010
New York City

January new vehicles sales rise 36.8% in Japan. U.S regulators approve Toyota

U.S. Indexes Up 1%; Bond Yields Rise

123jump.com Staff
01 Feb, 2010
New York City

President Obama proposed $3.8 trillion budget for fiscal 2011. The shortfall in the year is estimated at $1.6 trillion or 10.6% of gross domestic product, the largest in 54 years. The plan calls for additional taxes of $800 billion and stimulus of $100 billion. Bond yields closed higher.

Auto Sales in India Sustain Growth; Hathway IPO

Mayank Mehta
01 Feb, 2010
New York City

Auto sales in January surge in India. Maruti Suzuki sales increased 33% and Mahindra & Mahindra sales surged 70%. Hathway Cable & Datacom Ltd plans offer 27.8 million shares in a public offering. Reliance Communications, Titan Industries and Procter & Gamble close higher on earnings.

European Markets Up; Vivendi Drops 3%

Mayank Mehta
01 Feb, 2010
New York City

European market indexes closed higher. In a class action law suit in New York City, federal jury found Vivendi SA misled investors several times in three years to 2002. Russia

UK Stocks Rise; Northumbrian Water Soars

Mayank Mehta
01 Feb, 2010
New York City

The UK benchmark indexes closed higher. Home prices increased in January, sixth monthly increase in a row. Northumbrian Water Group Plc soared on the speculation that Canada based pension fund is likely to bid for the company. Ryanair Holdings Plc gained 7% after it lifted full year outlook.

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