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Nikkei in Japan Nears Bear Market Phase

Chandrasekhar Atreya
12 Aug, 2010
New York City

Stocks in Japan dropped pushing the benchmark index down 20% in the year, signifying a bear market phase. Orders for steel products rose 6% in June. Total outstanding commercial paper debt reaches the 10 trillion yen.

Sydney Index Down 1.2%; Jobless Rate 5.3%

Chandrasekhar Atreya
12 Aug, 2010
New York City

Stocks in Australia fell further after unemployment in July increased to 5.3%. Coal exports increased from Newcastle port helped by drier weather. AGL Energy plans to expand in renewable energy projects.

S&P Down 2.8%, Gold Up

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

U.S. indexes dropped between 2% and 3% after the Fed estimated weaker economic recovery and provided another stimulus. Investors sold stocks on the global economic worries after economic data from China, UK and Japan indicated weak outlook. Gold gained 1% and oil declined more than 2%.

A123 Systems Pluges; CareFusion Rises

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

Stocks in New York trading dropped sharply after the Dow and S&P 500 index declined more than 2%. A123 Systems plunged 10% after it reported higher than expected loss. Walt Disney sales rose 16% and quarterly net surged 40%. Macy

Amazon.com Q2 Earnings Call Transcript

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

The online retailer net sales increased 41% to $6.57 billion in the quarter. Net quarterly income surged 45% to $207 million driven primarily on significant growth in electronics sales. Earnings per share rose to 45 cents as against 32 cents in the prior-year quarter.

UK Indexes Down 2.2%; Micro Focus Plunges

Arthi Gupta
11 Aug, 2010
New York City

The UK indexes drop after the BoE forecasted inflation above 2% and weak economic growth outlook. The jobless allowance claimants fell 3,800 and consumer confidence plunged in July and mortgage lending rose in June. Balfour Beatty secured construction contract at Heathrow Airport of

European Markets Drop 2%; ING Net Soars

Arthi Gupta
11 Aug, 2010
New York City

The European markets dropped after the U.S. Fed noted that the U.S. economy may recover at a slower pace than expected. S&P upgraded the long term foreign currency debt outlook for Czech Republic. Portuguese inflation rose 1.8% in July. French current account deficit narrowed in June.

Netflix, Viacom in Streaming Movies Deal

Arthi Gupta
11 Aug, 2010
New York City

EPIX and Netflix, Inc. announced an agreement through which Netflix members can instantly watch an array of new releases and library titles from EPIX streamed over the Internet from Netflix.

U.S. Deficit Widens; Macy

Arthi Gupta
11 Aug, 2010
New York City

U.S. stocks decline after the Fed noted a slowdown in the economy and trade deficit widened in June. The International Energy Agency estimates an increase in global oil demand. EPIX and Netflix announce exclusive Internet-only deal to stream movies.

Inflation in China Gathers Momentum

Chandrasekhar Atreya
11 Aug, 2010
New York City

Stocks in Shanghai recovered to close higher but indexes in Hong Kong closed lower after the U.S. Fed gave weak assessment of the economy. Inflation in China in July was reported at 3.3%, above the central bank target of 3%. Diamond imports in first half surges 92%.

Sensex Drops 0.8%; Tata Motor Net Surges

Chandrasekhar Atreya
11 Aug, 2010
New York City

Stocks in Mumbai steadily fell to close lower after markets in Asia turned lower Tata Motor net surged on rising auto sales in India. Production at Mumbai refineries was normal despite the port closure for the third day in a row after a ship collision.

4-Day Fall in Nikkei; Machinery Orders Rise

Chandrasekhar Atreya
11 Aug, 2010
New York City

Stocks in Japan dropped as the yen approached nearly 15-year high. Core machinery orders gained less than expected in June. Toyota and Nissan plants in South Africa face striking workers.

Australian Confidence Rises; Stocks Fall

Chandrasekhar Atreya
11 Aug, 2010
New York City

Stocks in Australia declined after weak economic data from the U.S. and China. Consumer confidence rose for the second month in a row. Commonwealth Bank reported a 42% surge in full year profit but issued a cautious outlook.

Fed Stimulus; S&P Recovers from Lows

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

Federal Reserve confirmed its plan to use its funds to purchase Treasury securities. The move was widely anticipated and the broader U.S. indexes recovered from the lows. The latest Fed action only highlights the protracted nature of the U.S. economic recovery.

Fossil, McDermott Rise; Nuance, Pegasystems Fall

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

U.S. stocks traded lower after commodities and resource stocks declined. China said July imports grew at the slowest pace in a year. Fossil, Inc surged after first quarter sales increased 30%. McDonald

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