Chandrasekhar Atreya
23 Sep, 2010
New York City
Stocks in India fell for the second day and most of Asian markets were closed for a holiday. A reading of the wholesale price index was higher in August. ONGC started drilling for shale gas in West Bengal. Monsoon rains in India are 44% above long term average.
Chandrasekhar Atreya
23 Sep, 2010
New York City
Shares in Sydney stayed little changed but in positive territory after trailing for most part of the day. Household savings in the quarter to September falls. Potash Corp seeks injunction in the U.S. against hostile takeover offer from BHP.
123jump.com Staff
23 Sep, 2010
New York City
The automotive parts and accessories retailer quarterly net sales increased 9.5%to $2.44 billion on domestic same store sales rise of 6.7%. Net income in the quarter improved 13.9% to $268.93 million on higher sales. Earnings per share grew to $5.66 from $4.43 per share last year.
Bikram Pandey
22 Sep, 2010
New York City
U.S. stocks traded sideways as investors speculated next Fed move to stimulate the economy. The U.S. dollar declined and gold and copper edged higher. European indexes closed lower and Asian markets traded mixed. Microsoft filed to sell $4.75 billion in debt securities.
Bikram Pandey
22 Sep, 2010
New York City
Adobe Systems plunged 20% after it reported lower than expected third quarter. CarMax Inc, the used car dealer jumped more than 7% after it reported higher than expected second quarter earnings. EBay Inc declined. AMR Corp dropped 8%.
123jump.com Staff
22 Sep, 2010
New York City
The smartphone maker quarterly revenue soared 31% to $4.62 billion. Net income in the quarter surged 68% to $796.7 million after consumer demand for its flagship product, BlackBerry, continued to grow. Earnings per share rose to $1.46, compared to 83 cents per share in the prior-year quarter.
Arthi Gupta
22 Sep, 2010
New York City
The UK indexes declined on the growing speculation that the Bank of England may be forced to widen bond purchase and increase the asset purchase program. The Confederation of British Industry lifted growth outlook for 2010. Mining companies rallied as copper and precious metals edged higher.
Arthi Gupta
22 Sep, 2010
New York City
The European indexes slid after euro-zone industrial orders fell more than expected in July. Norway retained key interest rate at 2%. German economic index rose in July and real wage growth accelerated in the second quarter. Hungary retail sales increased in July.
Arthi Gupta
22 Sep, 2010
New York City
U.S. stocks edged lower after mortgage applications fell despite low rates and refinancing declined. Fed appears to be running out of options to stimulate the economy. Japan based Sharp Corp agreed to acquire Recurrent Energy for $305 million. The FDA approved Novatris drug for multiple sclerosis.
Mukesh Buch
22 Sep, 2010
New York City
In low trading Caribbean markets traded sideways. The benchmark index in Jamaica dropped more than 1.5% in the last nine days of trading. Kingston Properties Limited led the most active list followed by Radio Jamaica in Kingston trading.
Chandrasekhar Atreya
22 Sep, 2010
New York City
Indian stocks pared some of Tuesday
Chandrasekhar Atreya
22 Sep, 2010
New York City
Stocks in Japan closed lower. Machine tool orders soars in August and orders for new ships rises in the first half of the year. Orders from China more than doubled. A Hitachi-led consortium loses its bid for a monorail project in Brazil.
Chandrasekhar Atreya
22 Sep, 2010
New York City
Australian stocks gained and the Australian dollar advanced to 25-month high. David Jones declined 2% after the company said earnings will be lower than the upper end of the earnings. Telstra led the most active list in trading.
123jump.com Staff
22 Sep, 2010
New York City
The department store chain retailer net quarterly sales fell 0.1% to $3.94 billion on comparable store sales rise of 0.9%. Net income in the quarter was $14 million or 6 cents per diluted share, compared to net loss of $1 million or breakeven per share in the prior-year quarter.
Chandrasekhar Atreya
21 Sep, 2010
New York City
The Sensex crossed the 20000 last seen in January 2008 as foreign investors pour capital and monsoon rains are ahead of estimates. India, Turkmenistan, Pakistan and Afghanistan sign a preliminary agreement for a gas pipeline as the U.S. block the pipeline project from Iran.
