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Yields Rise in U.S., Europe; U.S. Senate Passes Tax Deal

Bikram Pandey
16 Dec, 2010
New York City

U.S. stocks fell after mortgage activities and refinancing declined but inflation rose as the yields on bonds increased. Visa Inc and MasterCard Inc fell more than 2% after Canada

U.S. GDP Expands 2.6%; U.S. Revises Internet Access Rules

Arthi Gupta
22 Dec, 2010
New York City

U.S. stock futures declined after third quarter GDP expanded at 2.6% but mortgage refinancing activity fell. TD Bank acquired Chrysler Financial for $6.3 billion. Jacobs Engineering agreed to buy Aker Solutions'' business unit for $675 million. Teradata agreed to acquire Aprimo for $525 million.

China Hikes Prices of Gasoline and Diesel by 4%; Indexes Drop 1%

Chandrasekhar Atreya
22 Dec, 2010
New York City

Shanghai stock indexes dropped 1% after Korea announced a plan to conduct second live-military exercise on Monday. China increase retail energy prices again. State-Grid of China acquires seven power distributors in Brazil with a 30-year license to operate the power lines for $1 billion.

UK Indexes Decline; Simon Property Raises Offer for CSC

Arthi Gupta
15 Dec, 2010
New York City

The UK indexes dropped after banking stocks fell. The UK retail sales and unemployment rate rose. U.S.-based Simon Property raised bid offer to about

Greece Strike and Spain Debt Worries Drag European Indexes

Arthi Gupta
15 Dec, 2010
New York City

The European indexes slid after Moody

U.S. Stocks Struggle; Novartis Completes $12.9 B Alcon Merger

Arthi Gupta
15 Dec, 2010
New York City

U.S. stocks fell after mortgage refinancing declined but inflation rose. The U.S. Senate voted in favor of a bill to extend the Bush-era tax cuts. HP inked $1.4 billion infrastructure technology outsourcing contract with E.ON. Simon Property raised bid offer to

India Movers: Hero Honda, Tata Consultancy, GMR, Reliance Comm

Mukesh Buch
15 Dec, 2010
New York City

Oil refiners and marketers rose after a retail price increase. Manganese Ore Limited surges on its first day of trading. Reliance Communications struck deal with China Development Bank for $1.93 billion. Ambalal Sarabhai Enterprises Ltd faces delisting.

Chinese Banks Loan to India Projects; Manganese Ore IPO Soars

Chandrasekhar Atreya
15 Dec, 2010
New York City

Mumbai stocks declined after oil companies raised fuel prices. Lanco Infratech acquires Griffin Coal of Australia. Manganese Ore India Ltd surged 51% on its first day of trading. Anil Dhirubhai Ambani Group companies finalize $3 billion of loans with Chinese banks.

Stocks in Japan Meander; Weaker Yen

Chandrasekhar Atreya
15 Dec, 2010
New York City

Tokyo stocks moved in a narrow range as investors focused on weaker yen and stronger than expected U.S. retail sales. Business confidence slips for the first time after seven quarters. Eco-point applications for purchase of energy-efficient appliances surge 40% in November.

China to Lift Inflation Target to 4%

Chandrasekhar Atreya
15 Dec, 2010
New York City

China key stock indexes drop on inflation worries and the fast developing nation is expected to revised inflation target next year to 4% from the current target of 3%. Foreign direct investment surges to record in November.

Australia Approves ASX Acquisition by Singapore; Aussie Rebounds

Chandrasekhar Atreya
15 Dec, 2010
New York City

Stocks in Australia were flat and four large banks were in focus. Competition regulator approves Singapore Exchange

Fed Left Rates, Bond Program Unchanged

Bikram Pandey
14 Dec, 2010
New York City

Federal Reserve left its target rate range on hold and left its U.S. bonds buying program intact. The Fed noted that slow economic recovery is insufficient to lower unemployment. Stocks turned after the expected rate decision. Best Buy Co plunged after the retailer guided weak outlook.

UK Indexes Higher; Inflation Surges 3.3%

Arthi Gupta
14 Dec, 2010
New York City

The UK indexes edged higher tracking rising commodities prices. The UK inflation soared and home price index improved in November. BP agreed to sell Pakistan assets to China based United Energy Group for $775 million. Imagination Technologies net surges 93%.

U.S. Movers: Best Buy, FactSet Research, The Pantry

Mukesh Buch
14 Dec, 2010
New York City

Best Buy Co, third quarter revenue decreased 1.1% to $11.89 billion. Edwards Lifesciences estimates fiscal year 2011 underlying sales growth of 11% to 15%. Sanderson Farms, fourth quarter net sales increased 13% to $529.1 million. The Pantry, fourth quarter revenues increased 12% to $1.95 billion.

AnnTaylor Q3 Earnings Call Transcript

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

The women''s specialty retailer net quarterly sales increased 9% to $505.28 million on comparable-store sales rise of 11.7%. Net income in the quarter surged 1069% to $24.20 million. Earnings soared to 41 cents per share compared to 3 cents per share in the prior-year quarter.

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