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European Indexes Down; Heineken Net Soars

Arthi Gupta
25 Aug, 2010
New York City

The European indexes dropped after weak economic data in the U.S. German building industry orders climbed in June and business confidence rose in August. Spain

Sensex Drops; Adani in $1.6 B Indonesia Project

Chandrasekhar Atreya
25 Aug, 2010
New York City

Stocks in Mumbai traded down tracking losses in Asia and world markets. Reliance Insurance said its asset under management crossed $3 billion. Orissa government may give alternate bauxite mines for Vedanta refinery. Adani agrees to build a rail line in Sumatra for $1.6 billion.

U.S. Stocks Fall, Durable Goods Orders Rise

Arthi Gupta
25 Aug, 2010
New York City

U.S. stocks fell after durable goods orders rose 0.3% in July. Roche and Aileron signed an agreement to develop Stapled Peptide drugs. Mortgage refinancing activities index rose to a 15-year high.

Chalco Reports Loss; Stocks Decline

123jump.com Staff
25 Aug, 2010
New York City

Stocks in China dropped following weak international sentiment. China now accounts for 59% broadband connections in Asia Pacific. Chalco reported a loss in first quarter and plans to expand into other mineral areas. Cosco Pacific first half net surged 82%.

Nikkei Drops 1.7%, Trade Surplus Soars

Chandrasekhar Atreya
25 Aug, 2010
New York City

Stocks continue to slide deeper in bear territory in Tokyo as the yen advanced. Exports growth in July slowed but trade surplus soared as much as 120%. Mitsubishi joins shale gas development project in Canada.

Sydney Drops 1.4%; BHP Net Doubles

Chandrasekhar Atreya
25 Aug, 2010
New York City

Stocks in Australia fell as neither party won a clear majority in the election also weak home sales in the U.S. dragged international markets lower. BHP Billiton profit nearly doubled. Total construction work done rose in the quarter to June.

World Indexes Fall on Weak U.S. Home Sales

Bikram Pandey
24 Aug, 2010
New York City

U.S. stocks declined sharply after the existing home sales declined at twice the pace in July. The rising inventory of unsold homes and the lowest rate of home sales in a decade unnerved investors. Three leading indexes dropped 1% or more.

Apollo, Daktronics Rise; Medtronic, Massey Fall

Bikram Pandey
24 Aug, 2010
New York City

U.S. stocks declined after existing home sales plunged 27% in July. Home builders and banks led decliners. Education providers, Strayer Education, ITT Educational and Apollo Group Inc traded higher after the U.S. Department of Education said it will conduct review of the graduation data.

UK Indexes Slide; Vedanta Rebuffed

Arthi Gupta
24 Aug, 2010
New York City

The UK indexes fell on the momentum of global economic recovery. The UK mortgage approvals dropped in July. Xstrata agreed to acquire Sphere Minerals for $383 million. India rejected permission for a bauxite mining project by Vedanta.

Broadcom Q2 Earnings Call Transcript

123jump.com Staff
24 Aug, 2010
New York City

The chip maker revenue in the quarter rose 53.8% to $1.60 billion. Net quarterly income surged 1977% to $278.32 million helped by strong product demand within its Broadband and Mobile & Wireless segments. Earnings per share soared to 52 cents as against 3 cents a share a year ago.

European Stocks Drop; German GDP Expands

Arthi Gupta
24 Aug, 2010
New York City

The European indexes traded lower amidst concerns over the pace of global economic recovery. Euro-zone industrial order growth slackened in June. Germany GDP expanded 2.2% in the second quarter to June and budget deficit rose in the first half.

U.S. Stocks Fall; Medtronic Net Soars

Arthi Gupta
24 Aug, 2010
New York City

U.S. stocks declined amidst concerns of economic recovery. AIG repaid $3.95 billion in loans to the Federal Reserve Bank of New York. Trina Solar Ltd second quarter net soared 108%. Big Lots quarterly net soared 37%.

Sensex Drops; Vedanta Faces India Hurdles

123jump.com Staff
24 Aug, 2010
New York City

Stocks in Mumbai trade down most of the day. State Bank of India expects to earn $2 billion in profit in the current year, record for any bank in India. Cairn India discovers oil and gas in KG basin. India rejects Vedanta

Auto Output in China Up 49%; Stocks Rise

Chandrasekhar Atreya
24 Aug, 2010
New York City

Stocks in China rallied for the first time in three days while in Hong Kong fell. Shipbuilding orders soar in China while sales of new homes in Shanghai drops in the first seven months. China Construction Bank first half net soared 27%.

Nikkei in Japan Trade in Bear Zone

Chandrasekhar Atreya
24 Aug, 2010
New York City

The benchmark index in Japan dropped and fell more 20% from its peak in April as the government struggles to revive aggregate demand and stem the rise of yen. Panasonic plans to expand China capacity flat screen TV capacity five-fold. Demand for new 20-year government bond firms up.

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