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3-Day Rally in HK Stocks

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 May, 2010
New York City

Hong Kong stocks advanced while Shanghai Composite Index trimmed gains and fluctuated as property stocks and banks dropped while drug-makers traded higher on the prospect of increased government spending.

Prudential Renegotiates With AIG

Arthi Gupta
28 May, 2010
New York City

British insurer Prudential Plc confirmed today that it is renegotiating with American International Group Inc. regarding purchase terms of AIG''s Asian insurance unit, American International Assurance Co. Ltd. or AIA.

U.S. Stocks Soar on Europe Worries Recede

Arthi Gupta, Mayank Mehta and Sanjay Barot
27 May, 2010
New York City

Stocks in New York and Europe soared on positive news on earnings and economic austerity measures. Spain won parliament approval to cut spending and Italy prepares to eliminate $30 billion in spending. China rejected media speculation that may divest or shift away from euro-zone debt.

European Indexes Rally on China Comments

Arthi Gupta, Mayank Mehta and Sanjay Barot
27 May, 2010
New York City

European indices rose 2% as China denied media speculation on its foreign debt holdings. Inflation in Germany increased 1.2% in May and French consumer confidence continued its downward trend in the month. Italian hourly wages increased 0.3% in April.

UK Indexes Soar; Man Group Net Falls

Arthi Gupta, Mayank Mehta and Sanjay Barot
27 May, 2010
New York City

UK stocks surged tracking gains in Europe and the U.S. after China denied media speculation that it may cut its holdings of European government bonds. U.K. retailers expect sales to fall in June. Weir Group, Mitsubishi Heavy Industries sign cooperation agreement.

Tiffany, Yahoo Gain; J&J Falls

Mayank Mehta
27 May, 2010
New York City

NetApp, Inc. led gainers in the S&P 500 index with a rise of 13.0%. Heinz fourth quarter net up 10% and sales up 8.3%. Big Lots quarterly profits rise. Costco third quarter net up 46% and comp sales up 10%. Jo-Ann Stores doubles profit.

China Refutes Foreign Debt Stance

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
27 May, 2010
New York City

China refuted media speculation that it is looking to shift away from the exposure to euro-zone debt. The statement from the People

U.S. Indexes Track Gains in Asia, Europe

Arthi Gupta, Mayank Mehta and Sanjay Barot
27 May, 2010
New York City

U.S. stocks tracked gains in Asia and Europe on positive earnings momentum and after China refuted media speculation that it is likely to stay away from the euro-zone sovereign debt. The first quarter estimate of the U.S. GDP was lowered to 3% increase and weekly jobless claims declined 14,000.

Stocks in India Rise on Regional Gains, Earnings

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
27 May, 2010
New York City

The Sensex 30 index gained after markets in Asia closed higher and European markets rebounded after China refuted media speculation that it may shy away from the euro-zone sovereign debt.

Australia Flexible on New Tax on Miners

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
27 May, 2010
New York City

The benchmark index in Australia rose 1.7% leveraged by commodity stocks as the government announced that it is prepared to lift the threshold definition of a super-profits tax from 6% to 11% or 12%, is the same as the petroleum resources rent tax.

Nikkei in Japan Up 1.2%; April Trade Surplus

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
27 May, 2010
New York City

The stock indexes in Tokyo trading gained more that 1% as investors discounted media speculation on China

E*TRADE Q1 Earnings Call Transcript

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

Revenues rose 8% to $536.5 million and net loss was $47.8 million or 2 cents a share. Total operating expense declined from the prior quarter by $23 million to $295 million. Operating expense declined 4% compared with the first quarter of 2009. Customer margin receivables in the U.S. grew by 5%.

Marico Arm Acquires Singapore Firm Derma Rx

Chandrasekhar Atreya
27 May, 2010
New York City

India based consumer goods major Marico Ltd acquires Singapore-based skin care firm Derma Rx for an undisclosed sum to expand its reach further in Middle East and Southeast Asia.

Volatile U.S. Stocks; Apple Surpasses Microsoft

Arthi Gupta, Mayank Mehta and Sanjay Barot
26 May, 2010
New York City

U.S. stocks rebounded in the morning trading on better than expected durable goods orders sales and new home sales in April. Stocks struggled in the afternoon and closed lower. Apple Inc closed as the most valuable technology company and the second most valued U.S. company, only behind ExxonMobil.

UK Indexes Up 2.8%; Burberry Sales Rise

Arthi Gupta, Mayank Mehta and Sanjay Barot
26 May, 2010
New York City

UK stocks rebound on the positive economic outlook and improving sentiment after a six-day sell-off. Brewin Dolphin Holdings PLC net profit in the first half surges 36%. Burberry Group plc rose 4.5% after sales in the latest fiscal year rise 8%.

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