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Mixed Trading in U.S., Europe; AIG Soars 11%

Bikram Pandey
09 Dec, 2010
New York City

U.S. and European closed mixed and U.S. bonds gained. AIG surged after the U.S. Treasury official asserted that the government is looking to sell its 92% stake as soon as practicable. AIG soared 11%. U.S. wholesale sales in October surged 13.4% and weekly jobless claims are trending lower.

Teekay Q3 Earnings Call Transcript

123jump.com Staff
09 Dec, 2010
New York City

The provider of international crude oil and petroleum product transportation services reported net quarterly revenues fell 5% to $408.4 million. Net quarterly loss widened 31% to $186.0 million or $2.55 per share, compared to a net loss of $142.2 million or $1.96 per share in the year-ago quarter.

UK Rates on Hold; DS Smith Up 7%

Arthi Gupta
09 Dec, 2010
New York City

The UK indexes climbed after the Bank of England retained quantitative easing program at

U.S. Movers: Ciena, Diamond Foods, Gerber Scientific, Lululemon

Mukesh Buch
09 Dec, 2010
New York City

Diamond Foods first quarter net sales grew 40% to $252.5 million. Greif, fourth quarter net sales increased 31% to $993.9 million. Lululemon said third quarter net revenue rose 56% to $175.8 million. SAIC, third quarter revenue rose 3.8% to $2.87 billion.

European Indexes Higher; German Factory Sales Soar

Arthi Gupta
09 Dec, 2010
New York City

The European indexes rose after German factory turnover surged. French payroll employment rose in the third quarter. Portugal GDP expanded but Greek economy contracted in the third quarter. ASML Holding soared on fourth quarter bookings forecast.

U.S. Jobless Claims Drop; Chinese IPOs Surge on Debut

Arthi Gupta
09 Dec, 2010
New York City

U.S. stocks gained after weekly jobless claims fell 17,000. AIG filed master transaction agreement to repay bailout. Two Chinese IPOs surged in New York debut. XenoPort priced 4 million shares at $7.15 a share.

India Movers: Essel Propack, Reliance Industries, Hindustan Petro

Mukesh Buch
09 Dec, 2010
New York City

Stocks in Mumbai dropped sharply as the government tightened the noose around former telecom minister and stepped up investigation in 2G license issue process. Pipavav Shipyard signed protocol with Russia based company. Reliance Ind. plans to import heavier crude from Latin America to lift margins.

U.S. Movers: Costco, Korn/Ferry, H&R Block, McDonald

Mukesh Buch
08 Dec, 2010
New York City

Casey''s General Stores second quarter revenue increased 17.4% and Costco first quarter net sales rose 11%. H&R Block second quarter total revenues declined 1%. McDonald''s global comparable sales rose 4.8% in November.

World, U.S. Stocks Mixed on Rising Yields in New York, Germany

Bikram Pandey
08 Dec, 2010
New York City

U.S. stocks searched for direction as investors digested the latest tax deal between President Obama and Republicans. The dollar rose and the U.S. Treasury bonds yields rose. Deal was making was active on both sides of the Atlantic. Gold and silver declined.

UK Production Forecasted to Rise; Ireland Unveils Budget

Arthi Gupta
08 Dec, 2010
New York City

The UK indexes traded sideways after shop price inflation dropped and job placements rose at the fastest pace in November. The Irish Finance Minister Brian Lenihan unveiled a tough austerity budget. Smith & Nephew soared 6.5% on takeover speculations.

Saks Q3 Earnings Call Transcript

123jump.com Staff
08 Dec, 2010
New York City

The department store retailer net sales for the quarter grew 4.3% to $658.8 million on comparable store sales rise of 5.7%. Net quarterly income surged 476% to $36.3 million. Earnings increased to 20 cents per share from 4 cents per share in the year-ago quarter.

German Industrial Output Accelerates; Iceland Lowers Key Rate

Arthi Gupta
08 Dec, 2010
New York City

The European indexes declined after German exports fell in October. EU finance ministers urged for stringent bank stress tests. French business sentiment improved in November. Iceland lowered key rate to 4.5%. ABB commenced tender offer to acquire Baldor Electric.

U.S. Bonds Yields Rise Ahead of Auction; J&J Bids for Crucell

Arthi Gupta
08 Dec, 2010
New York City

U.S. stocks trade sideways after mortgage and refinancing activity fell. BofA agreed to pay $137 million to settle municipal bidding practices probe. Johnson & Johnson launched

Sydney Stocks End Lower; Oil Explorations Drop 16%

Chandrasekhar Atreya
08 Dec, 2010
New York City

Sydney stocks ended lower, led by banks, after Federal Treasurer pledged to release banking competition measures by the next week. Home loan approvals rise in October. Coal stockpiles deplete at ports on heavy rains. Mineral exploration spending rises 4% in third quarter.

Nikkei Gains 1%; Current Account Surplus Up 2.9%

Chandrasekhar Atreya
08 Dec, 2010
New York City

Tokyo benchmark index reached a seven month intra-day high on the improved outlook for exports. Japan and Bolivia are set to expand rare earth minerals exploration. Current account surplus reaches 1.43 trillion yen in October. Sumitomo Metal acquires a nickel mining concession in Solomon Islands.

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