Bikram Pandey
26 Aug, 2010
New York City
The broader indexes declined in five of the last six session and the economic worries remain top concern of retail investors. U.S. jobless claims declined in the last week but European indexes rebounded after better than expected earnings from Credit Agricole and L
Bikram Pandey
26 Aug, 2010
New York City
U.S. stocks struggled after jobless claims declined more than estimated but late monthly mortgages payment rose. Patterson Cos. Declined after it missed revenues estimates. Jo-Ann Stores Inc surged more than 13% after it lifted fiscal 2011 earnings estimate.
123jump.com Staff
26 Aug, 2010
New York City
The specialty retailer of automotive aftermarket parts reported quarterly sales increased 7.2% to $1.42 billion on comparable store sales gain of 5.8%. Net quarterly income rose 25.6% to $100.91 million. Earnings per share grew to $1.16 versus 83 cents per share in the same quarter last year.
Arthi Gupta
26 Aug, 2010
New York City
The UK indexes climbed after August retail sales rose. The Financial Services Authority suggested that UK firms should hold more capital against risks. G4S agreed to buy 51% stake in Brazil-based Plantech.
Arthi Gupta
26 Aug, 2010
New York City
The European indexes gained after euro-zone lending and leading indexes rose in July and M3 money supply growth was flat. The ECB said net lending to corporations rose at the fastest pace in July. Novartis acquired 77% stake in Alcon.
Chandrasekhar Atreya
26 Aug, 2010
New York City
Stocks in Australia rallied after Woolworth net increased 10.1% to A$2 billion and said it will buyback A$700 million shares. Santos Ltd is planning $15 billion LNG project in Queensland. Wealth manager 100F Holdings full-year net surged four-fold.
Chandrasekhar Atreya
26 Aug, 2010
New York City
Stocks in Japan traded higher for the first time in five days helped by a weakened but steady yen. Ozawa decides to challenge Kan for the ruling party leadership. Domestic shipments of solar cells and personal computers rise in Japan.
Chandrasekhar Atreya
26 Aug, 2010
New York City
Stocks in China dropped after choppy trading in international markets. Geely Automobile Holdings Ltd first half net surged 35% and Cosco Shipping Co net surged 54%. Alibaba.com completes its second acquisition.
Arthi Gupta
26 Aug, 2010
New York City
U.S. stocks rose after weekly jobless claims fell 31,000 to 473,000. Chilean President agreed to sell TV network to Time Warner. Google unveiled voice calling service. Mazda and Ford joint venture plan to invest $350 million in Thailand. Novartis acquired 77% stake in Alcon for $28.3 billion.
Chandrasekhar Atreya
26 Aug, 2010
New York City
India control oil companies will not bid for Cairn India stake. India will float $11 billion fund by the next fiscal year to finance large infrastructure projects. A modest decline in inflation was recorded in the latest read.
Bikram Pandey
25 Aug, 2010
New York City
U.S. stocks traded sideways after new homes sales plunged and durable goods rose less than estimated. U.S. indexes are down 13% from the highs in April and index in Japan is down more than 22%. European indexes decline as economic recovery prospects abate. The dollar and oil close higher.
Bikram Pandey
25 Aug, 2010
New York City
U.S. stocks and indexes traded lower after new home sales plunged. AMR Corp, the parent of American Airlines dropped 5% after mechanics union decide to strike. Toll Brothers gained after it reported unexpected profit. VeriFone Systems Inc surged 8% after it lifted annual outlook.
123jump.com Staff
25 Aug, 2010
New York City
The teen apparel retailer quarterly sales increased 17% to $745.80 million on comparable sales rise of 5%. Net income generated in the quarter was $19.48 million. The company earned 22 cents per share, compared to a loss of 30 cents per share in the year-ago quarter.
Arthi Gupta
25 Aug, 2010
New York City
The UK indexes traded lower after the rating agency downgraded Ireland
123jump.com Staff
25 Aug, 2010
New York City
The technology company said net quarterly revenue climbed 11% to $30.73 billion. Net quarterly income rose 6% to $1.8 billion. Earnings per share grew to 75 cents versus 69 cents per share a year-ago quarter. The company estimates revenue of $32.5 billion to $32.7 billion for the fourth quarter.
