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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.

India Movers : LIC Housing Finance, IDBI, Punjab National Bank

Mukesh Buch
25 Nov, 2010
New York City

Stock in Mumbai fell as banks and developers led the decliners. Bank of India, Canara Bank, LIC Housing and Punjab National Bank fell more than 5%. Hindustan Construction Company plunged nearly 11% as its unit Lavasa is probed by regulators.

U.S. Movers: Brocade, Cracker Barrel, DSW, HP, Nuance

Mukesh Buch
23 Nov, 2010
New York City

Analog Devices, fourth quarter sales increased 35% to $770 million. Campbell Soup first quarter net revenues fell 1% to $2.17 billion. Hewlett-Packard fourth quarter net revenue rose 8% to $33.28 billion. Medtronic, second quarter worldwide revenue rose 2% to $3.90 billion.

India Movers : Kesoram, LIC Housing, Murli Industries

Mukesh Buch
24 Nov, 2010
New York City

Stock in Mumbai declined. Dr. Reddy''s gained 1.1% after acquire agreed to acquire GlaxoSmithKline

Shanghai Gains 1%; Low Coal Reserves at Power Plants

Chandrasekhar Atreya
25 Nov, 2010
New York City

Stocks in Shanghai and Hong Kong closed higher tracking the gains in international markets. Coal reserves at some power plants are very low in China. Rusal enters China with a joint venture to sell aluminum. Hong Kong debt rating lifted higher.

Nikkei Gains, October Export Growth Slows

Chandrasekhar Atreya
25 Nov, 2010
New York City

Tokyo indexes closed up a fraction as nervous traders monitor elevated tensions in the Korean peninsula. Exports in October rose at a slower pace of 8% and rose for the eleventh month in a row. Tourist arrivals in October drop as fewer Chinese visit Japan.

Sydney Gains Marginally; Beach Energy, Itochu in a Gas Deal

Chandrasekhar Atreya
25 Nov, 2010
New York City

Australian shares gained moderately in a slow trading in Asia. Beach Energy and Japan

India Movers: Bajaj Auto, MphasiS, Mahindra & Mahindra

Mukesh Buch
23 Nov, 2010
New York City

Stock in Mumbai slumped. Bajaj Auto Ltd. gained 2.9% as it focuses on expanding its dealer network. MphasiS surged 8.5% after annual net profit rose 20%. Mahindra & Mahindra agreed to acquire 70% stake in South Korea based Ssangyong Motor for $465 million.

U.S. Movers: Autodesk, Benihana, Tech Data

Mukesh Buch
22 Nov, 2010
New York City

Cyberonics, second quarter net revenues surged 17% to $47.5 million. America

India Movers: EdServ, Chambal, Murli Industries

Mukesh Buch
22 Nov, 2010
New York City

Alstom Projects rose 2.4% after secured a contract worth $10 million. Chambal Fertilisers plunged 4.9% after the fertilizer department rejected plans to decontrol urea prices. Jai Corp, IVRL and GVK surged after the environmental ministry approved plans for the second international airport in Mumbai

TJX Q3 Earnings Call Transcript

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

The off-price retailer net sales increased 5% to $5.5 billion in the quarter on comparable store sales rise of 1%. Net quarterly income rose 7% to $372.3 million, reflecting strong merchandise margins. Earnings per share grew to 92 cents from 81 cents per share in the prior-year quarter.

U.S. Movers: AnnTaylor, Autodesk, Marvell, Intuit, Salesforce

Mukesh Buch
19 Nov, 2010
New York City

Autodesk plunged 3.1% third quarter revenue increased 14% driven by strong revenue growth. Dell third quarter revenue rose 19% to $15.4 billion on strong corporate demand. The Gap third quarter net sales increased 2% to $3.65 billion.

FTSE Soars 1.5%; Ireland Austerity Measures

Arthi Gupta
24 Nov, 2010
New York City

The UK indexes traded sideways after Ireland announced stringent austerity measures and S&P downgraded its credit rating. The UK GDP expanded but business investment fell in the third quarter. Rolls-Royce announced deals worth $1.2 billion with Emirates.

German Business Confidence Rises; Portuguese Unions Strike

Arthi Gupta
24 Nov, 2010
New York City

The European indexes rose after German business confidence improved in November. Portuguese strike paralyzed the nation. Euro area industrial new orders fell in September.

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