ticker

German Industrial Output Accelerates; Iceland Lowers Key Rate

Arthi Gupta
08 Dec, 2010
New York City

The European indexes declined after German exports fell in October. EU finance ministers urged for stringent bank stress tests. French business sentiment improved in November. Iceland lowered key rate to 4.5%. ABB commenced tender offer to acquire Baldor Electric.

U.S. Bonds Yields Rise Ahead of Auction; J&J Bids for Crucell

Arthi Gupta
08 Dec, 2010
New York City

U.S. stocks trade sideways after mortgage and refinancing activity fell. BofA agreed to pay $137 million to settle municipal bidding practices probe. Johnson & Johnson launched

Sydney Stocks End Lower; Oil Explorations Drop 16%

Chandrasekhar Atreya
08 Dec, 2010
New York City

Sydney stocks ended lower, led by banks, after Federal Treasurer pledged to release banking competition measures by the next week. Home loan approvals rise in October. Coal stockpiles deplete at ports on heavy rains. Mineral exploration spending rises 4% in third quarter.

Nikkei Gains 1%; Current Account Surplus Up 2.9%

Chandrasekhar Atreya
08 Dec, 2010
New York City

Tokyo benchmark index reached a seven month intra-day high on the improved outlook for exports. Japan and Bolivia are set to expand rare earth minerals exploration. Current account surplus reaches 1.43 trillion yen in October. Sumitomo Metal acquires a nickel mining concession in Solomon Islands.

China Economic Growth Rate Revised Higher; Auto Sales Surge

Chandrasekhar Atreya
08 Dec, 2010
New York City

China indexes lose nearly 1% as investors brace for tighter lending and property tax trials. Asian Development Bank expects GDP to expand at 10.1% in 2010 after revising its September estimate. Auto sales in November surge to a record 1.28 million vehicles.

India Lifts GDP Outlook to 9%; Stocks Weak

Chandrasekhar Atreya
08 Dec, 2010
New York City

Stocks in Mumbai dropped more than 1% on steady selling by speculators. Finance Minister Mukherjee lifted GDP growth estimate to 9% in the current mid-year review. Passenger car sales up 21% and motorcycle sales surge 16%. Direct tax collections to November in the fiscal year soar 17.9%.

India Movers: Dr Reddy

Mukesh Buch
08 Dec, 2010
New York City

Stocks in Mumbai trading declined and local oil refiners plan to raise retail price of gasoline. Karuturi agreed to buy 54% stake in Mumbai-based floral chain Florista. Ruchi Soya tumbled 27%on the prospect insider trading investigation. Wipro won telecom line operation contract from Vodafone Essar.

U.S. Rally Fizzles; S&P 26-month High

Bikram Pandey
07 Dec, 2010
New York City

U.S. stocks rally fizzled and U.S. lawmakers and President Obama agree on a tax cut plan. Gold falls from the record high and oil edges lower. European finance minister agree to not increase the current bailout fund size. German factor orders surge and home prices in Shanghai stay near recent peak.

U.S. Movers: AutoZone, AGL Resources, Pep Boys, Talbots

Mukesh Buch
07 Dec, 2010
New York City

AutoZone, first quarter net sales grew 13% to $1.79 billion. BMO Financial fourth quarter net climbed 14.2% on rising of consumer lending. The Pep Boys third quarter revenues increased 5%. The Toro fourth quarter net sales increased 17%.

UK Manufacturing Expands 0.6%; Tesco, Wolseley Rise

Arthi Gupta
07 Dec, 2010
New York City

The UK indexes rose after manufacturing output expanded in October. Rolls-Royce secured order worth over

DSW Q3 Earnings Call Transcript

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

The specialty footwear retailer net quarterly sales improved 10% to $489.3 million. Net income in the quarter surged 33% to $35.5 million, primarily reflecting sales growth. Earnings grew to 79 cents per share as against 60 cents per share last year.

European Indexes Surge; German Factory Orders Rise

Arthi Gupta
07 Dec, 2010
New York City

The European indexes soared after President Obama announced extension of tax cuts and German factory orders surged in October. Swiss jobless rate rose in November. Czech retail sales declined in October. Iceland economy expanded in the third quarter.

U.S. Stocks Gain on Obama Agreement; Treasury Sells Citi Stake

Arthi Gupta
07 Dec, 2010
New York City

U.S. stocks gained after President Obama announced extension of tax cuts and Treasury sold its remaining stake in Citigroup. GE formed a venture with China-based railroad company CSR Corp. Aetna agreed to buy Medicity for $500 million. AGL acquired Nicor in $2.4 billion cash and stock.

India Movers: Hindustan Construction, Maruti Suzuki, ONGC

Mukesh Buch
07 Dec, 2010
New York City

Stock in Mumbai fell. Hindustan Construction signed two agreements with France based Vinci Construction. Kingfisher Airlines said BPCL file petition to claim jet fuel dues worth $45 million. Maruti Suzuki plans to hike prices from January 1.

French Companies to Invest

Chandrasekhar Atreya
07 Dec, 2010
New York City

Stocks in Mumbai in a choppy trading closed lower. French Prime Minister Sarkozy

Market Update