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G20 Summit Vows Stringent Financial Reforms

Arthi Gupta
28 Jun, 2010
New York City

Leaders of the G20 countries agreed to cut government debt at the group''s summit in Toronto, Canada. Leaders of largest economies announced they would cut deficits in half by 2013 and stabilize their debt-to-GDP ratios by 2016.

U.S. Stocks Rise; Personal Income Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
28 Jun, 2010
New York City

U.S. stocks rise after leaders at the G20 summit agreed to push the economic recovery while targeting significant reductions in deficit spending by 2013. U.S. personal income rises 0.4% and spending increases 0.2% in May.

Australian Stocks Fall; G20 Worries

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
28 Jun, 2010
New York City

Stocks in Australia traded lower on global sentiments. G-20 summit decides that banks need higher capital and agreed to cut budget deficits by half by 2013. Miners urge for speed on tax talks. Valspar agrees to acquire Wattyl Ltd. for A$142 million.

Nikkei Slips; Retail Sales Growth Declines

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
28 Jun, 2010
New York City

Stocks fall across all sectors dragging the indexes lower. Retail sales in Japan grew at the slowest pace since January, says a government report. The yen fell against the euro after the G-20 meeting endorsed targets to reduce budget deficits.

Local Debt Surge Worries China Regulators

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
28 Jun, 2010
New York City

Stocks in Shanghai declined for the fourth day in a row but in Hong Kong gained. Regulators said that local government controlled entities borrowing surged 70% that may be unsustainable. Air China signs deal with Boeing to buy 20 new planes.

India Decontrols Fuel Prices; Rcom, GTL Deal

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
28 Jun, 2010
New York City

Stocks in Mumbai traded higher after the government decontrols fuel prices. Reliance Communications and GTL merge their telecom tower holdings to form the largest telecom tower company in the world. Reliance Industries finds more oil in Cambay basin. Resurgere Mines raises $53 in a GDR issue.

Red Hat, Inc. Q1 2011 Earnings Call Transcript

123jump.com Staff
28 Jun, 2010
New York City

Revenues rose 20% to $209.1 million & net income rose 30.3% to $24.1 million or 12 cents a share. Operating cash flow of $61 million was in line with Q1 last year. Non-GAAP operating expense came in at $126 million up 3% sequentially and 16% year-over-year. Non-GAAP operating income was $52 million.

Three More U.S. Banks Closed

123jump.com Staff
25 Jun, 2010
New York City

Bank regulators shut down three banks as commercial real estate loans sour across the nation. Banks in Florida, Georgia and New Mexico were closed today by the FDIC totaling 86 banks for the year.

Banks in New York Rise; World Stocks Struggle

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
25 Jun, 2010
New York City

World leaders gather in Toronto to discuss the global economic health and future course of action. Three banks were seized by the U.S. regulators totaling bank failures to 86 for the year. Stocks struggled, bonds, metals and commodities gained after the U.S. lowered first quarter economic growth.

BP Drops 6%; UK Indexes Weak

Arthi Gupta, Mayank Mehta and Sanjay Barot
25 Jun, 2010
New York City

The UK indexes slump after BP Plc stocks plunged to a 14-year low. BP Plc provided an update on developments in response to the oil well incident in the Gulf of Mexico. Leaders of G20 nations are scheduled to meet this weekend to discuss the future course of action to sustain economic recovery.

Oracle and Accenture Gain; RiM Drops

Mayank Mehta
25 Jun, 2010
New York City

TIBCO Software Inc. led gainers in the S&P 500 index with a rise of 7.5%. KB Home''''s quarterly loss exceeds forecasts. H&R Block quarterly profit $691 million. Research In Motion quarterly profit jumps 20% but misses revenue estimates.

Europe and U.S. Differ on Stimulus

Arthi Gupta, Mayank Mehta and Sanjay Barot
25 Jun, 2010
New York City

European indexes fall on reports that the U.S. GDP expands 2.7% in the first quarter. The EC extends bank support schemes for Austria and Latvia. Spanish producer price inflation accelerates 3.8% in May.

U.S. Lawmakers Finalize Financial Reforms

Arthi Gupta, Mayank Mehta and Sanjay Barot
25 Jun, 2010
New York City

U.S. stocks trade sideways and the U.S. committee of lawmakers approved financial reforms, two years after financial crisis that nearly brought down the financial system. U.S. revised the first quarter economic growth estimate downwards to 2.7% from the previous estimate of 3%.

Yuan on the Rise; Bad Debt Worries

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
25 Jun, 2010
New York City

Stocks in Shanghai and Hong Kong traded lower. Local government debt and rising bad debts at state controlled companies may affect profits at Chinese banks. Aluminum Corp. of China sells short term loan. SAIC is planning to raise $1.5 billion.

Sensex Declines; Reliance Revises Gas Deal

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
25 Jun, 2010
New York City

Stocks in Mumbai traded lower. Reliance Natural signs revised gas supply deal with Reliance Industries. GMR Infrastructure gains after winning airport bid in Maldives. Fortis Healthcare drops as GIC defers investment.

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