ticker

U.S. Movers: 99Cents, Dollar Thrifty, Mistras Group, Jones Apparel

Mukesh Buch
11 Oct, 2011
New York City

99Cents Only agreed to be acquired by Ares Management and Canada Pension Plan. Dollar Thrifty decided not to seek a buyer. The Jones Group confirmed the discussions with Israel based Delta Galil Industries to sell its Jeanswear division.

U.S. Stocks Struggle; 99 Cents in LBO; Dollar Thrifty to Stay Independent

Devan Biswas
11 Oct, 2011
New York City

Stocks in New York traded sideways as European leaders set the deadline of October 23 to announce bank recapitalization plan. 99 Cents Only agreed to be taken private and Dollar Thrifty declined 2% after it decided to remain independent after eighteen months of searching for a buyer.

Nikkei Index Soars 2%; Japan's Current Account Surplus Drops 64%

Nigel Thomas
11 Oct, 2011
New York City

Stocks in Japan soared after a 3-day weekend. Current account surplus declined for the sixth month in a row to $5.3 billion. Toyota sales in China increased 11% in September. Takashimaya Corp revised earnings outlook and Nidec increased its share buyback plan.

Australian Stocks in 5-day Rally, Dollar Trades Near Parity

Marcus Jacob
11 Oct, 2011
New York City

Australian stocks for the fifth day in a row and resource stocks led the gainers. The Australian dollar traded above parity with the U.S. dollar in intra-day trading. Banks gained and resource linked stocks closed mixed.

U.S. Indexes Surge on the Euro-zone Banks Recap Talks

Bikram Pandey
10 Oct, 2011
New York City

U.S. indexes soared and banks surged 6% after European leaders offered more promises. Market sentiment may dent if politicians fail to deliver on their promises. Banks in Europe were in focus after the largest bank was nationalized. Slovakia vote on the rescue fund may offer a surprise.

U.S. Movers: AT&T, Complete Production, Netflix, Sprint Nextel, Yahoo

Mukesh Buch
10 Oct, 2011
New York City

AT&T received pre-orders of 200,000 for iPhone 4S in the first 12 hours. Complete Production agreed to be acquired by Superior Energy in cash and stock for $6.2 billion. Netflix decided to reverse its earlier decision to split. Scotts Miracle-Gro lowered annual earnings outlook for the third time.

Wall Street Rallies 3%; Complete Production in $2.6 Billion Deal

Nichole Harper
10 Oct, 2011
New York City

Stocks in early trading in New York surged more than 3% after France and Germany reiterated their support to recapitalize banks. Banks, materials and transportations stocks led the rally. Complete Production Services soared 34% after it agreed to a $2.6 billion bid.

Belgium, France Nationalize Dexia; Erste Bank $1 Billion Loss

Devan Biswas
10 Oct, 2011
New York City

European markets jumped on the hopes that Germany and France will follow through the promises to facilitate bank recapitalization plan. Slovakia is set to vote on the expansion of the European rescue fund. Erste Bank announced

Australian Stocks in 4-day Rally; BHP Wins Olympic Dam Expansion

Marcus Jacob
10 Oct, 2011
New York City

Australian indexes gained for the fourth day in a row and banks led the gainers. BHP Billiton won governments approval to expand its open cut mining operation Olympic Dam. Qantas was forced to cancel 40 flights as engineers union delayed the strike to Friday and threatened more work stoppages.

U.S. Stocks Drift; Debt Ratings of Italy, Spain Lowered

Bikram Pandey
07 Oct, 2011
New York City

Stocks in New York trading drifted after the release of better than expected net new jobs in September and turned lower after sovereign debts of Spain and Italy were lowered. For the week S&P 500 index increased 2% and declined 8% in the year.

U.S. Unemployment Rate at 9.1%; Net New Jobs 103,000

Devan Biswas
07 Oct, 2011
New York City

U.S. stocks gained after employers added 103,000 jobs in September and chain stores retail sales increased at a faster pace. Unemployment rate was steady at 9.1% and public sector trimmed 35,000 jobs. J.C. Penney guided flat comparable same store sales in the third quarter.

U.S. Movers: AngioDynamics, Express Scripts, IDT Corp., Illumina

Mukesh Buch
07 Oct, 2011
New York City

Express Scripts lowered annual earnings guidance. IDT fourth quarter net income declined 97%. Illumina estimated third quarter revenue of $235 million. ServiceSource expects to report third quarter revenues to exceed $49 million.

European Markets Rise; Premier Foods Plunges; Nestle Gains

Devan Biswas
07 Oct, 2011
New York City

European markets gained after the central bank offered more liquidity to troubled banks and politicians voiced support for bank recapitalization. Banks and resources linked stocks led the gainers. Germany and France differ on how to access the rescue fund and Holland approved the expansion of EFSF.

Nikkei in Japan Up 0 .9%; Softbank, OSG Rise; Sony in Focus

Nigel Thomas
07 Oct, 2011
New York City

World markets put their faith in the political voices in the euro zone but await concrete actions in recapitalizing banks. Sony Corp is close to acquiring its stake in the mobile phone venture with Ericsso. OSG Corp surged after net rose 44%. KDDI and Softbank gained.

U.S. Movers: Constellation, Helen of Troy, Marriott, Ruby Tuesday, Zumiez

Mukesh Buch
06 Oct, 2011
New York City

Constellation Brands second quarter net income increased to $162.7 million. Helen of Troy second quarter net income rose to $23.6 million. Marriott reported third quarter net loss swung to $179 million. Ruby Tuesday first quarter net income declined 75% to $3.1 million.

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