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DryShips, Pier 1 Rise; Goldman Sachs, eBay Fall

Mayank Mehta
13 Oct, 2009
New York City

The drybulk carrier DryShips advances after it signs loan term waivers with two banks totaling $183 million. CIT Group is teetering towards bankruptcy filing. AIG sells its Taiwan life insurance division. DryShips surges on bank loans covenant renegotiations.

Cisco Acquires Starent Networks for $2.9 Billion

123jump.com Staff
13 Oct, 2009
New York City

Cisco Systems agreed to acquire mobile data communication infrastructure provider Starent Networks Corp. Cisco agreed to pay 20.6% to premium to yesterday

New Highs in Gold; Silver, Platinum Advance

123jump.com Staff
13 Oct, 2009
New York City

In early trading in New York stocks are expected to open higher but may face headwind as commodities prices stay firm. Gold reached a new intra-day high and silver, platinum and palladium advance. Crude oil edged up.

Lukewarm Response to Oil Block Auction in India

123jump.com Staff
12 Oct, 2009
New York City

India received lukewarm response to its latest round oil exploration block auction as world financial crisis limit access to funding. Of the 70 blocks offered, 36 blocks received 76 bids. In the previous seven rounds of auction India attracted $10 billion in exploration investment.

Aussie Dollar Strengthen; Banks Weak

123jump.com Staff
12 Oct, 2009
New York City

Stocks in Australia are expected to trade lower in the early trading. Gold, copper and oil edged higher as expectations for global economic recovery remain high. BHP Billiton offered to explore three offshore oil fields in India. Packer increases his stake in Crown Limited.

Early Gains in U.S. Stocks Fade; Oil Jumps

Mukesh Buch
12 Oct, 2009
New York City

Markets in New York and Europe traded higher ahead of barrage of earnings this week and weak trading on Columbus Day. Black & Decker surged after it lifted its third quarter earnings outlook. Markets in Canada, Brazil and Japan were closed today.

Philips Earnings Lift European Trading Sentiment

Mayank Mehta
12 Oct, 2009
New York City

European markets closed higher as a rally in the region lifted tech and banking stocks. Philips NV reported better than expected earnings. Vivendi SA sued two French shareholders and an association for participating in a class action lawsuit in New York. Dollar trades weak against euro.

Barclays

Mayank Mehta
12 Oct, 2009
New York City

Barclays is planning to sell its risky loans portfolio that may raise

Blackstone, Ryder Rise; KB Home Falls

Mayank Mehta
12 Oct, 2009
New York City

The Black and Decker Corporation led gainers in the S&P 500 index with a rise of 8.1%. Fastenal Co third quarter net income falls 35%. Digital River plunged after Symantec said it will not extend its e-commerce contract. Blackstone Group surged after it plans to list eight portfolio companies.

Sensex Up 2.3%; Indiabulls Power IPO

123jump.com Staff
12 Oct, 2009
New York City

Stocks in Mumbai advanced after Prime Minister reassured investors that economic stimulus will continue. Indiabulls Power initial public offering was oversubscribed five times. Rupee edged higher as international investors increase net exposure to stocks.

New York Gains Follow European Advances

123jump.com Staff
12 Oct, 2009
New York City

Stocks in early trading in New York extended gains in Europe. Asian markets closed lower. The dollar hovered near low against the yen and the euro for the year. Gold, silver, copper, oil and natural gas edged higher. Electronics maker Philips N.V. reported earnings that surprised European investors.

September Retail Sales Bounce at Bottom

Mukesh Buch
11 Oct, 2009
New York City

September comparable sales managed to show a small gain on a calendar shift, delayed back-to-school sales and weak comparison to the previous year. Teenage retail related sales were soft in the month.

Tata Motors Raises $750 Million

Mayank Mehta
09 Oct, 2009
New York City

Tata Motors completed its offering of $750 million to repay last installment of $600 million for a $3 billion loan assumed during the purchase of Jaguar Land Rover. The India based trucks and automaker is expected to benefit from the rising auto sales in India.

India Stocks Weak; Pipavav IPO

Mayank Mehta
09 Oct, 2009
New York City

Stocks in Mumbai trading closed lower after negative comments from influential investor. Infosys declined after it reported earnings that met investors

U.S. Stocks Rise; Trade Deficit Narrows

123jump.com Staff
09 Oct, 2009
New York City

U.S. stocks closed higher for the fifth day in a row ahead of earnings. Stocks Citigroup sells its trading commodities unit to Occidental Petroleum Corp for $250 million. U.S. trade deficit narrows 3.5% in August.

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