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Market Update

Australia Stocks Higher; June Home Loans Fall

Chandrasekhar Atreya
09 Aug, 2010
New York City

Stocks in Australia gained after a rally in the resource sector helped the index close higher. Aston completes book build for its initial public offering. Jobs placement ads rise in July. Home loan approvals fell in June.

U.S. Indexes Slide; AIG, Treasury Talks

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

U.S. indexes traded lower after July payrolls declined and unemployment rate was flat at 9.5%. Indexes in Europe tracked lower. Wheat prices declined but hovered near 50% higher than in June. AIG quarterly operating profit increased 17% and said it has initiated the process of government stake sale.

Blue Nile, APE Fall; AIG, Perkin Elmer Rise

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

U.S. stocks traded lower after unemployment in July was nearly unchanged. Activision Blizzard dropped after it estimated lower revenues. American Public Education plunged more than 28% after it canceled its annual outlook. Blue Nile dropped after net declined.

UK Stocks Dip; Logica Profit Surges

Arthi Gupta
06 Aug, 2010
New York City

The UK indexes fall after reports showed a drop in temporary workers for the census in the U.S. The UK economy expanded 0.9% in the quarter ending July and output price inflation rose 5% in July but manufacturing output grew 0.3% in June. Inmarsat ordered three satellites from Boeing.

European Stocks Fall; Allianz Profit Declines

Arthi Gupta
06 Aug, 2010
New York City

The European indexes pare gains after weaker-than-estimated U.S. jobs data. German manufacturing output unexpectedly dipped in June. Greek CPI edged higher in July. Italian GDP expanded 0.4% in the second quarter and industrial production accelerates in June.

U.S. Stocks Down; AIG Net Loss

Arthi Gupta
06 Aug, 2010
New York City

U.S. stocks decline after non-farm payrolls drop 131,000 in July. Treasury Secretary Geithner noted health care reform bill improved Medicare, Social Security finances. BP completes cementing procedure on the leaking Gulf of Mexico oil well.

Sensex Drops; India Tax Collections Up 16%

Chandrasekhar Atreya
06 Aug, 2010
New York City

Stocks in Mumbai moved sideways and then finished lower taking cues from Asian markets. Coal India Limited board approved draft prospectus of public offering. TRAI recommends a four step process of converting analog to digital TV for cable operators.

China Regulators Defend Stress Test; Sina Up

Chandrasekhar Atreya
06 Aug, 2010
New York City

Stocks in China region after regulators clarified the purpose of bank stress test. House price index drops for second month in Shanghai. Shanghai Volkswagen reports robust sales in July. Sina Corp posts better-than-expected second quarter profit.

Nikkei Drops; Unchanged Coincidence Index

Chandrasekhar Atreya
06 Aug, 2010
New York City

Stocks in Japan dropped after a rise in weekly jobless claim in U.S. increased investor concerns. Toyota says its quality advisory panel will give initial recommendations shortly. The coincident index remains little changed in June.

Sydney drops; RBA Maintains Growth Forecast

Chandrasekhar Atreya
06 Aug, 2010
New York City

Stocks in Australia declined a fraction. RBA holds its forecast for economic expansion and said that resource sector expansion will determine the progress. Construction activity contracts further in July. Aston IPO is downgraded.

Yum! Brands Q2 Earnings Call Transcript

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

The restaurant chains operator second quarter revenue rose 4% to $2.57 billion. Net quarterly income fell 6% to $286 million helped by strong growth in China and Yum! Restaurants International. Earnings per share declined to 59 cents a share from 63 cents a share a year-ago quarter.

Wheat Soars 8%; Indexes Fall in U.S., Europe

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

U.S. indexes fall after weekly jobless claims increase to three-month high. Wheat futures surged nearly 8% after Russia banned exports. The euro gained after the ECB President Trichet said that the economies in the Europe are recovering at a faster than estimate pace.

Metro PCS, GT Solar Surge; Hartford Drops

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

Metro PCS gained after it reported better than expected earnings. GT Solar gained on the rising sales and earnings. The Hartford Financial Services Group dropped after it lowered annual estimate.

Big Lots, Con-Way Drop; Atmel Surges

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

Retailers traded mixed after the release of same store sales. Big Lots led the decliners in the S&P 500 index with a loss of 7%. Con-way dropped 9.6% after earnings plunged. Atmel Corp surged after earnings nearly soared ten-fold.

Record Low Rates; Unilever Drops 6%

Arthi Gupta
05 Aug, 2010
New York City

The UK indexes slide after the BoE retained key rate at 0.5% and