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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.

U.S. Jobless Claims, Durable Goods Orders Fall; Stocks Gain

Arthi Gupta
24 Nov, 2010
New York City

U.S. stocks gained after weekly jobless claims fell 34,000. S&P downgraded Ireland credit rating. SAP ordered to pay $1.3 billion in damages to Oracle. J. Crew Group agrees to be acquired by TPG Capital for $3 billion. Dynegy terminated deal with Blackstone.

U.S. Movers: American Eagle Outfitters, GM, DryShips, Limited Brands

Mukesh Buch
18 Nov, 2010
New York City

Applied Materials fourth quarter net sales surged 89% to $2.89 billion. Sears Holdings third quarter net sales fell to $9.68 billion. J. M. Smucker second quarter revenues flat to $1.3 billion. The Buckle net sales rose 5.2% to $243.3 million. General Motors surged 7% on the first day of trading.

Corning Q3 Earnings Call Transcript

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

The specialty glass and ceramics products maker quarterly net sales rose 8% to $1.60 billion. Net income in the quarter grew 22% to $785 million. Earnings rose to 50 cents per diluted share from 41 cents per share a year-ago quarter.

UK Mortgage Approvals Fall to 19-Month Low; Indexes Slide

Arthi Gupta
23 Nov, 2010
New York City

The UK indexes slid on escalating tensions between North and South Korea and ongoing worries revolving around Ireland, Greece and Portugal. Traders focused on the bailout package for Ireland and on fears on a contagion in the euro region. The UK mortgage approvals declined in October.

European Indexes Slump; Greece Attracts

Arthi Gupta
23 Nov, 2010
New York City

The European indexes fell on rising tensions between the Koreas and speculation of contagion fears in the region. Euro area consumer confidence and PMI rose in November. German economy expanded in the third quarter. French business confidence waned but private sector growth increased in November.

U.S., World Stocks Fall on Korean Tension; GDP Revised Up 2.5%

Arthi Gupta
23 Nov, 2010
New York City

U.S. stocks traded lower following firing incidences in Korean Peninsula. U.S. GDP revised higher 2.5% in the third quarter. Potash One agreed to a takeover by Germany based K+S for C$434 million. Scotiabank agreed to acquire DundeeWealth.

Sydney Drops; NBN and Telstra in Focus

Chandrasekhar Atreya
24 Nov, 2010
New York City

Australian shares closed marginally lower, despite negative sentiments from U.S. and Korea. Lynas Corp and Sojitz Corp of Japan sign a 10-year deal for supply of 90,000 tons of rare earth to Japan. Melbourne residential prices lead Australian home prices for nine months in a row since March.

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