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Euro-zone Debt Crisis Persists; Ireland Bailout Terms

Devan Biswas
29 Nov, 2010
New York City

European leaders and Ireland hammered out bailout conditions on late Sunday to stem the widening debt contagion in the euro-zone. Ireland agreed to tougher loan conditions and cut 15 billion in costs and interest rate of 5.8%.

India Movers: BGR Energy, GMR, Ranbaxy and Videocon

Mukesh Buch
29 Nov, 2010
New York City

Stock in Mumbai gained. BGR Energy surged 21% after management clarified its position on bank loan scam investigation. The Shipping Corporation of India set the price range for its secondary offering. GMR agreed to sell U.S. based InterGen for $1.23 billion.

Shanghai Focuses on Inflation; Hong Kong Indexes Rise

Chandrasekhar Atreya
29 Nov, 2010
New York City

Stocks in Shanghai declined on the worries of accelerating inflation and in Hong Kong rose tracking optimism related to the U.S. holiday sales. China Huaneng Group Corp and Chongqing Rural Commercial Bank plan HK initial public offerings totaling $3.73 billion.

Nikkei Gains, Retail Sales, Domestic Passenger Car Output Decline

Chandrasekhar Atreya
29 Nov, 2010
New York City

Stocks in Japan closed higher and the yen weakened after a rally in Asian markets. October retail sale declined and domestic passenger car production declined in the month. The Government Pension Investment Funds gained int eh September quarter after falling for two quarters in a row.

Sydney Stocks Rise in Asia Rally; Home Sales Up in October

Chandrasekhar Atreya
29 Nov, 2010
New York City

Stocks in Australia closed higher as commodities advanced. Australia passes legislation that will separate the retail and wholesale businesses of Telstra. AMP approves acquisition of AXA Asia Pacific. Corporate profits in Australia declined in the September quarter and homes sales in October.

TheStreet.com Q3 Earnings Call Transcript

123jump.com Staff
29 Nov, 2010
New York City

The digital financial media company said quarterly revenue rose 8% to $14.3 million, reflecting a 9% jump in advertising sales and 8% growth in subscription revenue. Net loss widened 39% to $1.93 million in the quarter. The company lost 6 cents a share versus a loss of 5 cents a year-ago quarter.

Tiffany Q3 Earnings Call Transcript

123jump.com Staff
27 Nov, 2010
New York City

The luxury-jewelry retailer worldwide net sales for the quarter increased 14% to $681.7 million, with growth across all geographic regions. Net quarterly earnings surged 27% to $55.1 million. Earnings grew to 43 cents per share from 34 cents per share last year.

UK Indexes; Home Prices Fall

Arthi Gupta
26 Nov, 2010
New York City

The UK indexes slid on worries that Ireland''s fiscal crisis could spread to other euro-zone countries and home prices declined in October. Irish retail sales rose in October. BP won production sharing contract in Indonesia. Chrysalis agreed to

Hartford Financial Services Q3 Earnings Call Transcript

123jump.com Staff
26 Nov, 2010
New York City

The insurer quarterly revenues increased 28% to $6.67 billion. Net income generated in the quarter was $666 million or $1.34 per diluted share, compared to a net loss of $220 million or 79 cents per share in the prior-year quarter.

European Leaders Struggle to Contain Debt Contagion

Arthi Gupta
26 Nov, 2010
New York City

The European indexes fell on rising debt concerns in the euro-zone as leaders struggle to contain the spreading debt contagion. German CPI rose in November and French consumer spending declined in October. Euro area bank lending climbed in October. Spain mortgage approvals fell in September.

U.S., World Markets Focus on Euro; KKR Acquires Del Monte Foods

Arthi Gupta
26 Nov, 2010
New York City

U.S. indexes traded lower tracking weaker world markets. European sovereign debt problem has now shifted focus to Belgium, Portugal and Spain as leaders work with Portuguese leaders to seek aid. KKR-led consortium agreed to acquire Del Monte Foods for $5.3 billion.

India Movers: Adani, Money Matters, HCC, Jet Air

Mukesh Buch
26 Nov, 2010
New York City

Stock in Mumbai plunged for the second day as regulators widen loan scandal probe. Banks declined more than 5%. Bank of India gained 2.9% after positive comments on loan procedures. Jet Airways plunged 7.1% after aviation minister warned against sudden fare increase.

UK Indexes, Retail Sales Rise; Petrofac, Seven Energy Alliance

Arthi Gupta
25 Nov, 2010
New York City

The UK indexes rose after retail sales climbed in November. Tate & Lyle agreed to sell molasses business for

Contagion Fears in Europe; Portugal, Spain, Germany in Focus

Arthi Gupta
25 Nov, 2010
New York City

Investors in Europe face rising sovereign debt stress and yields spreads widen as focus shifts to Portugal, Spain and Germany. Belgium banks have a significant exposure in Ireland. French consumer confidence improved in November and German building industry orders declined in September.

U.S. Movers: Deere, Guess, J. Crew, Tiffany

Mukesh Buch
24 Nov, 2010
New York City

Campbell Soup, first quarter sales decreased 1% to $2.17 billion. Deere & Company fourth quarter total net sales and revenues climbed 35% to $7.20 billion. Guess, Inc net revenue rose 17.4% to $613.90 million. Tiffany third quarter net sales increased 14% to $681.73 million.

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