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Nikkei Drops 1.7%, Auto Parts Makers Fall; Japan Halts Food Shipment

Nigel Thomas
23 Mar, 2011
New York City

Nervous investors in Japan sold stocks after Tokyo Electric Power struggled to restore power at the disaster stricken power plant and Japan halted consumption of food from northern region. The Bank of Japan stopped adding liquidity. Automakers decline. Izumiya soars on higher earnings.

Virgin Blue Estimates Annual Loss; David Jones Net Up 5%

Marcus Jacob
23 Mar, 2011
New York City

Australian stocks traded in the positive zone but failed to make a significant advance. Virgin Blue issued its fourth earnings warning in a year and estimated full year loss of as much as $80 million. David Jones said first half net increased 5.2% on flat sales but left the outlook unchanged.

Global Investors Shift Focus to Commodities and Japan Rebuilding

Bikram Pandey
22 Mar, 2011
New York City

U.S. indexes rested after a 3-day rally and ignored the rising tensions in the Middle East and the spread of violence to Bahrain, Yemen and Oman. Uranium miners rebound and natural gas explorers rest in trading. Euro-zone nations increase bailout fund size and UK inflation picks up.

UK Inflation at 4.4%; Cairn, Carnival Net Rise, Punch Taverns in Focus

Arthi Gupta
22 Mar, 2011
New York City

The UK indexes declined after annual inflation accelerated more-than-estimated in February. UK public borrowing rose and manufacturers forecasted robust growth. Cairn Energy fiscal year 2010 net and revenue surged. Punch Taverns plans to cut its pubs portfolio in half.

U.S. Movers: Carnival, Dollar General, Jefferies, Walgreen

Mukesh Buch
22 Mar, 2011
New York City

Carnival first quarter net income fell to $152 million. Dollar General fourth quarter net income soared 6.4% to $222.5 million. Jefferies Group first quarter net earnings increased 21% to $87.3 million. Walgreen second quarter net earnings increased to $739 million.

U.S. Indexes Hold After 3-day Rally; Walgreen Net Gains 10%

Arthi Gupta
22 Mar, 2011
New York City

U.S. indexes traded mixed after a 3-day rally lifted the Dow 3.5%. Research in Motion scheduled its launch of tablet on April 19. Japan struggles with the radioactive leak and allied attacks fail to dislodge Gaddafi stronghold in Benghazi.

Euro Area Expands Bailout Fund to

Arthi Gupta
22 Mar, 2011
New York City

European indexes traded sideways after German exports rose in the fourth quarter. Euro area finance ministers decided to increase capital base of permanent bailout fund to

Sensex Adds 0.8%; Banks in Focus on Finance Bill Introduction

Devan Biswas
22 Mar, 2011
New York City

Stocks in Mumbai opened higher and added as much as 1% but settled lower. The ruling coalition introduced two bills in the Parliament to reform banking sector and to transition to the value-added-tax regime.

Nikkei in Tokyo Rebounds 4.4%, Banks, Steelmakers Rally

Nigel Thomas
22 Mar, 2011
New York City

Stocks in Tokyo rebounded 4.4% after investors focused on reconstruction efforts. Builders, steelmakers and construction companies led the gainers in Tokyo trading however the situation is far from settled. The focus shifted to food contamination and seawater radiation.

Australian Stocks Flat, Rally in LNG Stocks on Hold

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

Australian stocks closed flat after Japan cited more progress in averting a nuclear meltdown. However, the situation at the troubled Fukushima power plant remains tenuous. Natural gas explorer declined after a weeklong rally.

World Markets Rally on Deals, Libya Strikes Drive Oil Higher

Bikram Pandey
21 Mar, 2011
New York City

U.S. stocks extended world markets gains and crude oil prices rebounded as much as 2%. Allied forces led by UK and France conducted bombing strikes in Libya and international criticism mounted. AT&T deal with T-Mobile may face substantial regulatory hurdles.

UK Extends World Markets Gains; Regus Soars 15%, Essar Energy Drops 6%

Nigel Thomas
21 Mar, 2011
New York City

UK stocks soared tracking the gains in the European markets. Crude oil increased after UK and France led military attacks in Libya. Regus soared more than 15% after it estimated higher income in the current year. Jupiter Fund Management said its annual net soared six-fold.

U.S. Movers: AIG, AT&T, Citigroup, Schwab, Nextel, Tiffany

Mukesh Buch
21 Mar, 2011
New York City

AIG released first quarter preliminary pre-tax insurance loss of $1.0 billion. AT&T agreed to acquire T-Mobile from Deutsche Telekom for $39 billion. Charles Schwab agreed to acquire optionsXpress for $1 billion in stocks. Tiffany fourth quarter net income soared to $181.2 million.

European Indexes Soar 2%; Swiss Re Estimates $1.2 Billion Japan Losses

Marcus Jacob
21 Mar, 2011
New York City

European markets surged after Japan nuclear meltdown fears receded. Wireless carriers in Europe were on the upswing after Deutsche Telekom agreed to sell its U.S. unit for $39 billion. Insurance stocks increased after Swiss Re estimated $1.2 billion of losses linked to Japan quake.

U.S. Home Resales Decline 9.6% in February

Arjun Dave
21 Mar, 2011
New York City

U.S. existing home sales rate declined 9.6% to 4.88 million and median home price fell 5.2% to $156,100. Inventory of unsold homes increased to 8.6-month supply.

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