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India Stocks Gain in Asian Rally; Pipavav IPO

Mayank Mehta
16 Sep, 2009
New York City

Mumbai stocks gained as markets in Asia rallied on the back of gains in the US and Europe. Commodities and infrastructure related companies led the gainers. Banks also increased on the expectations of higher earnings. Pipavav Shipyard IPO was oversubscribed in the first hour of subscription period.

Humana, Hi-Shear, Anadarko Advance

Mayank Mehta
16 Sep, 2009
New York City

Healthcare insurers increased after US lawmakers proposed healthcare bill without the public option. Anadarko Petroleum increased after it made a discovery of natural gas field off the coast of Sierra Leone. Omniture, Inc surged on merger agreement with Adobe. Hi-Shear Technologies soars 58%.

Mild Inflation Lifts Stocks in U.S., Europe

123jump.com Staff
16 Sep, 2009
New York City

U.S. stocks gained after latest measured inflation data suggested that price increases are contained. UK unemployment increased to 7.9%, highest since November 1996. Chinese companies are expected to expand overseas investment in mining and energy companies.

Adobe Offers $1.8 Billion for Omniture

123jump.com Staff
16 Sep, 2009
New York City

Adobe agreed to acquire the Internet traffic analysis software and services provider Omniture to diversify its product offering and increase forestall sagging sales. The offer is 45% premium to the average price of last thirty trading days.

Australian Dollar, Retail Stocks Rise

123jump.com Staff
15 Sep, 2009
New York City

Australian retail stocks edged higher after the latest minutes of meetings from the RBA suggested that rates may not be raised at the next meeting. Harvey Norman, David Jones and JB Hi-Fi Ltd increased.

IPOs, Earnings Power India Stocks

Mayank Mehta
15 Sep, 2009
New York City

Jindal Steel & Power Ltd plans to offer a stake in its power subsidiary that may raise more than $900 million. Stocks surged after Bank of India paid additional advance taxes indicating higher earnings.

World Markets Gain on Bernanke Comments

123jump.com Staff
15 Sep, 2009
New York City

U.S. stocks closed higher after the release of better than expected retail sales data and comments from the Fed Chairman Bernanke. The chairman suggested that deepest recession in nearly eight decades has likely ended but job market recovery will be slow.

European Markets Waver; Michelin,Peugot Up

123jump.com Staff
15 Sep, 2009
New York City

The August read of German investor confidence index increased. PSA Peugeot increased after it revised its loss estimate lower. Michelin & Cie increased after its chief executive offered positive earnings outlook on lower raw materials costs.

UK Inflation Jump, Pound Eases; BAE Cuts Jobs

Mayank Mehta
15 Sep, 2009
New York City

UK stocks edged higher and the pound declined after comments from the Bank of England Governor King. The central bank may lower the rates paid to banks on the deposits. BAE Systems will eliminate 1,116 jobs in the UK and close a plant in the northern UK.

Kroger, Best Buy Drop; Teradyne, Yahoo Rise

Mayank Mehta
15 Sep, 2009
New York City

Best Buy second quarter earnings dropped 22% on 12% decline in revenues. The Kroger declined after latest quarter net fell 8%. eBay and Yahoo gained on ratings revision. Cracker Barrel Old Country Store quarterly net rises 8.6%.

World Markets Rise on U.S., Brazil Retail Sales

123jump.com Staff
15 Sep, 2009
New York City

World markets edge ahead after the release of retail sales and producer prices index. Brazil and U.S. report rising retail sales and German investor confidence in September grows. Japan Airlines is planning to cut 6,800 jobs. Yahoo lowers its stake in the online marketplace operator Alibaba.com.

Retail Sales Rise 2.7%, PPI Up 1.7%

123jump.com Staff
15 Sep, 2009
New York City

After the release of retail sales and producer price index stocks edged higher. Retail sales were driven by 11% surge in auto sales and price index gained on 8% rise in energy prices in the month.

US Treasury Seeks Sale of 33.6% Citi Stake

123jump.com Staff
15 Sep, 2009
New York City

U.S. Treasury is looking to sell its stake in Citigroup at a profit to taxpayers. The government

Japan Exporters Fall as Yen Rises; JAL Soars

Mayank Mehta
14 Sep, 2009
New York City

Stocks in Japan fell as investors worried that the sharp rise in market multiples ahead of sustained economic recovery has lifted stocks to unsustainable highs. Exporters fell after the yen rose to a seven-month high. JAL may strike a deal with Delta or American Airlines to avert bankruptcy.

Chevron to Invest A$43 B in Gorgon; Stocks Fall

123jump.com Staff
14 Sep, 2009
New York City

Stocks in Australia edged lower as investors stayed on the sidelines. Chevron and its partners decided to go ahead with Gorgon project and plan to invest A$43 billion after they lined up customers in China, Japan, India and South Korea.

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