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Sensex in India Rebounds 1% on Industrial Production Surge of 10.8%

Chandrasekhar Atreya
10 Dec, 2010
New York City

Stocks in Mumbai gained more than 1% after industrial production surged 10.8% in October following a 4.4% increase in September. Canada

China Trade Surplus Soars; Stocks Gain

Chandrasekhar Atreya
10 Dec, 2010
New York City

China key stock index gains in trade to reverse most of the losses in the week. Trade surplus in the month rose to $22.9 billion and exports soared 35%. China freezes coal prices at current levels to arrest inflation.

Sixth Weekly Gain in Nikkei Index; Machine Tools Orders Surge

Chandrasekhar Atreya
10 Dec, 2010
New York City

The Nikkei index in Tokyo declined from the seven-month high but closed higher for the sixth week in a row. Economy in the quarter to September expanded at a faster rate of 4.5%. Pola Orbis struggled on the first day of trading. Machine tool orders double in November.

Australian Unemployment at 5.2%; Natives Win Land Rights

Chandrasekhar Atreya
10 Dec, 2010
New York City

Sydney indexes edged higher after China reported a surge in exports and Australia

Mixed Trading in U.S., Europe; AIG Soars 11%

Bikram Pandey
09 Dec, 2010
New York City

U.S. and European closed mixed and U.S. bonds gained. AIG surged after the U.S. Treasury official asserted that the government is looking to sell its 92% stake as soon as practicable. AIG soared 11%. U.S. wholesale sales in October surged 13.4% and weekly jobless claims are trending lower.

Teekay Q3 Earnings Call Transcript

123jump.com Staff
09 Dec, 2010
New York City

The provider of international crude oil and petroleum product transportation services reported net quarterly revenues fell 5% to $408.4 million. Net quarterly loss widened 31% to $186.0 million or $2.55 per share, compared to a net loss of $142.2 million or $1.96 per share in the year-ago quarter.

UK Rates on Hold; DS Smith Up 7%

Arthi Gupta
09 Dec, 2010
New York City

The UK indexes climbed after the Bank of England retained quantitative easing program at

U.S. Movers: Ciena, Diamond Foods, Gerber Scientific, Lululemon

Mukesh Buch
09 Dec, 2010
New York City

Diamond Foods first quarter net sales grew 40% to $252.5 million. Greif, fourth quarter net sales increased 31% to $993.9 million. Lululemon said third quarter net revenue rose 56% to $175.8 million. SAIC, third quarter revenue rose 3.8% to $2.87 billion.

European Indexes Higher; German Factory Sales Soar

Arthi Gupta
09 Dec, 2010
New York City

The European indexes rose after German factory turnover surged. French payroll employment rose in the third quarter. Portugal GDP expanded but Greek economy contracted in the third quarter. ASML Holding soared on fourth quarter bookings forecast.

U.S. Jobless Claims Drop; Chinese IPOs Surge on Debut

Arthi Gupta
09 Dec, 2010
New York City

U.S. stocks gained after weekly jobless claims fell 17,000. AIG filed master transaction agreement to repay bailout. Two Chinese IPOs surged in New York debut. XenoPort priced 4 million shares at $7.15 a share.

India Movers: Essel Propack, Reliance Industries, Hindustan Petro

Mukesh Buch
09 Dec, 2010
New York City

Stocks in Mumbai dropped sharply as the government tightened the noose around former telecom minister and stepped up investigation in 2G license issue process. Pipavav Shipyard signed protocol with Russia based company. Reliance Ind. plans to import heavier crude from Latin America to lift margins.

U.S. Movers: Costco, Korn/Ferry, H&R Block, McDonald

Mukesh Buch
08 Dec, 2010
New York City

Casey''s General Stores second quarter revenue increased 17.4% and Costco first quarter net sales rose 11%. H&R Block second quarter total revenues declined 1%. McDonald''s global comparable sales rose 4.8% in November.

World, U.S. Stocks Mixed on Rising Yields in New York, Germany

Bikram Pandey
08 Dec, 2010
New York City

U.S. stocks searched for direction as investors digested the latest tax deal between President Obama and Republicans. The dollar rose and the U.S. Treasury bonds yields rose. Deal was making was active on both sides of the Atlantic. Gold and silver declined.

UK Production Forecasted to Rise; Ireland Unveils Budget

Arthi Gupta
08 Dec, 2010
New York City

The UK indexes traded sideways after shop price inflation dropped and job placements rose at the fastest pace in November. The Irish Finance Minister Brian Lenihan unveiled a tough austerity budget. Smith & Nephew soared 6.5% on takeover speculations.

Saks Q3 Earnings Call Transcript

123jump.com Staff
08 Dec, 2010
New York City

The department store retailer net sales for the quarter grew 4.3% to $658.8 million on comparable store sales rise of 5.7%. Net quarterly income surged 476% to $36.3 million. Earnings increased to 20 cents per share from 4 cents per share in the year-ago quarter.

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