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Shanghai Stocks Rise; Dalian Port Surges 39%

Chandrasekhar Atreya
07 Dec, 2010
New York City

Stocks in Shanghai and Hong Kong closed higher as new home price index in Shanghai stayed above average for the third week in a row. Dalian Port surged 39% on first day of trading in Shanghai.

Japan

Chandrasekhar Atreya
07 Dec, 2010
New York City

Tokyo stocks lost as the yen rose to a three-week high. Otsuka Holdings, the largest healthcare offering since 2006 priced near the bottom of its filing price range. Foreign Exchange reserves declined for the first time in six months to $1.101 trillion.

Australia Holds Rates at 4.75%; Banks, Miners Rise

Chandrasekhar Atreya
07 Dec, 2010
New York City

Australia left its key lending rate on hold and the Reserve Bank of Australia highlighted low inflation expectations for next several quarters. Stocks rise. Heavy rains damage wheat crops and halt to some of QR National

Records in Gold, Silver; Supreme Court to Hear Gender-Bias Wal-Mart Suit

Bikram Pandey
06 Dec, 2010
New York City

U.S. stocks traded sideways as investors digested Fed Chairman Bernanke comments. Gold closed at a new high. U.S. Supreme Court agreed to review gender bias class-action lawsuit appeal against Wal-Mart Stores Inc. France found Continental Airlines guilty for its role in 2000 air crash.

U.S. Movers: Blyth, Dollar General, Google, MetLife, Kraft

Mukesh Buch
06 Dec, 2010
New York City

Dollar General third quarter net sales grew 10% to $3.22 billion. 3M to acquire Winterthur Technologies AG. Kraft Foods is seek preliminary injunction in the U.S. District Court against Starbucks. MetLife estimated fourth quarter net income to be between $170 million and $570 million.

UK Indexes Rise; Rolls-Royce Won $110 Million Orders

Arthi Gupta
06 Dec, 2010
New York City

The UK indexes gained after manufacturing sector forecasted to grow in 2011. Rio Tinto confirmed plans to buy Riversdale for A$15 per share. Rolls-Royce won $110 million in new contracts for energy projects. De La Rue confirmed the receipt of a preliminary bid.

European Investors Confidence Index Drops; Hungary

Arthi Gupta
06 Dec, 2010
New York City

The European indexes traded sideways after euro area investor confidence fell in December. German construction activity improved in November. Swiss foreign currency reserves rose in November. Hungary debt rating lowered. Russia based X5 Retail agreed to acquire Kopeyka for $1.64 billion.

India Movers: Hero Honda, HDFC, RPP Infra and State Bank

Mukesh Buch
06 Dec, 2010
New York City

Stock in Mumbai rose. Japan based Honda Motor dissolves partnership in Hero Honda Motors to pursue on its own auto and motorcycle business in India. Jindal Steel & Power wins preliminary approval for $3 billion expansion project. State Bank of India plans to raise deposit rate as much as 1.5%.

U.S. Stocks Fall on Bernanke Comments

Arthi Gupta
06 Dec, 2010
New York City

U.S. stocks and indexes were on the decline after comments from Fed Chairman were viewed negatively by the market observers. The dollar traded higher after European leaders haggled to increase the size of the bailout fund to

TD Ameritrade Q4 Earnings Call Transcript

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

The brokerage services provider net quarterly revenues dipped 7.4% to $608.84 million. Net income fell 27% to $113.96 million in the quarter on reduced trading activity. Earnings fell to 20 cents per diluted share from 26 cents per share a year-ago quarter.

India, France Sign Nuclear Reactor Deal

Chandrasekhar Atreya
06 Dec, 2010
New York City

Stocks in Mumbai failed to hold intra-day gains. India and France sign $9.3 billion deal for two nuclear power plants and look for ways to deepen military and energy collaboration. Gujarat Urja Vikas Nigam Ltd plans to build $1.8 billion solar power park in Patan region.

Shanghai Index Gain; Grain Output Surges 3%

Chandrasekhar Atreya
06 Dec, 2010
New York City

China stocks fluctuated but closed higher whereas Hong Kong index edged lower. Central Bank advisor urged China to boost its gold reserves and diversify currency reserves. Grain output in China surges 2.9% till November from a year ago period.

Japan Trade Surplus to Rise to $100 Billion

Chandrasekhar Atreya
06 Dec, 2010
New York City

Stocks in Japan edged lower as resource stocks led the gainers. The weaker than expected U.S. jobs report dragged exporters lower. The government expects fiscal 2011 trade surplus of 9.77 trillion yen. Sale of imported cars climbs 34% in November.

Sydney Index Drops; Rio Tinto, Riversdale Mining in Talks

Chandrasekhar Atreya
06 Dec, 2010
New York City

Sydney stocks traded sideways as the miners led the gainers and banks declined. Job ads in Australia rose for the seventh month in a row in November. Rio Tinto may offer $3.5 billion to Riversdale as two companies explore possibilities.

Urban Outfitters Q3 Earnings Call Transcript

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

The lifestyle specialty retailer net sales increased 13% to $574 million in the quarter on comparable store sales rise of 1%. Net quarterly earnings rose 17% to $73.1 million. Earnings per share grew to 43 cents from 36 cents per share in the prior-year quarter.

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