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Confidence Lifts World Markets, Oil and Gold

123jump.com Staff
29 Mar, 2010
New York City

Resurging confidence lifted commodities linked world markets from Canada, Russia, Brazil, to UK and Peru gained. Crude oil, copper and gold advanced after Greece prepared to offer bonds and Dubai guaranteed Dubai World loans.

Australian New Home Sales Fall; Rate Worries

Darlington Musarurwa
29 Mar, 2010
New York City

Reserve Bank of Australian Governor Glenn Stevens noted in an interview that interest rate should return to normal level and cautioned against those speculating in the housing market. Australia

Retail Sales in Japan Soar; Toyota Output Up

Darlington Musarurwa
29 Mar, 2010
New York City

Stocks in Japan declined after trading ex-dividend ahead of year end. Retail sales increased 4.2% in February, the steepest climb in a decade. Toyota domestic output more than doubles in February. Sony sells its minority stake in HBO Latin America to Time Warner.

Luxottica Q4 Earnings Call Transcript

123jump.com Staff
30 Mar, 2010
New York City

Revenues fell 6.4% to

Rupee Gains in Mumbai; DQ Entertainment IPO

Mayank Mehta
29 Mar, 2010
New York City

Stocks and the rupee in Mumbai trading edged higher on the optimistic view on the economy. DQ Entertainment (I) Ltd, the animation and game developer surged 47.5% on the first day of trading in a heavily subscribed IPO. Gayatri Projects secures order of $120 million.

UK AAA Debt Rating Affirmed; Fewer Loans

Mayank Mehta
29 Mar, 2010
New York City

UK mortgage loans in February declined to a nine-month low dragging homebuilders lower in London trading. Standard & Poor

European Sentiment Improves; Ruble Falls

Mayank Mehta
29 Mar, 2010
New York City

European markets closed lower and an index of business and consumer sentiment reached a 22-monthh high. Greece is preparing to launch 7-year bonds. Ruble declined after two terrorist attacks in Moscow.

AIG, Apollo, Citigroup, SunPower Rise

Mayank Mehta
29 Mar, 2010
New York City

Southwestern Energy Company led gainers in the S&P 500 index. AIG completes the sale of PineBridge Investments for $500 million. Bell Microproducts agrees to be acquired by Avnet. CKX Inc confirms sale discussions. Ford reaches agreement to sell Volvo to China based Geely.

U.S. Stocks Rise on Personal Income Data

123jump.com Staff
29 Mar, 2010
New York City

U.S. stocks traded higher after personal spending increased for the fifth month in a row. U.S. Treasury plans to sell its entire stake of 27% in Citigroup by the end of the year. AIG completes the sale of its PineBridge Investments for $500 million.

Palm, Inc. Q3 2010 Earnings Call Transcript

123jump.com Staff
29 Mar, 2010
New York City

Revenues up 286% to $349.9 million & net loss was $22.0 million or 13 cents a share. Gross margin came in at 17% & was impacted by $45 million charge taken for inventory purchase commitments which exceeded forecasted demand. Operating expense for Q3 came in at $162 million versus $133 million in Q2.

Accenture Q2 Earnings Call Transcript

123jump.com Staff
28 Mar, 2010
New York City

Technology outsourcing and consulting firm Accenture second quarter net revenue declined 2% to $5.18 billion on weak performances in all its units. Profit declined 3% to $399.8 million. Earnings per share were 60 cents as against 63 cents in the year ago quarter.

Stocks in Shanghai, HK Rebound; Chalco Loss

123jump.com Staff
26 Mar, 2010
New York City

Stocks in Shanghai rebounded after comments from central bank official suggested that interest rate hikes are not imminent. ICBC plans to raise as much as $3.7 billion to replenish its capital base after loan growth surges. Chalco reported fourth quarter loss of $160 million.

U.S., Europe Trim Gains; Korea in Focus

123jump.com Staff
26 Mar, 2010
New York City

U.S. stocks lost earlier gains after a Korean vessel sank near the border with North Korea in Yellow Sea. President Obama expanded mortgage loan modification program. U.S. GDP was revised downwards in the third estimate. EU members agreed to offer credit facility to Greece. The dollar closed up.

London: Man Group, HMV, British Air

Mayank Mehta
26 Mar, 2010
New York City

UK business investment dropped in the fourth quarter and construction spending led the largest decline. The pound declined against the dollar and the euro. HMV Group Plc surged 10% after the music and book retailer said it will focus on live events. UK 10-year bonds yields increased to 4.03%.

Red Hat Q4 Earnings Call Transcript

123jump.com Staff
29 Mar, 2010
New York City

The open source software solutions provider revenue increased 18% to $195.9 million for the quarter. Net quarterly income soared 46% to $23.4 million. Earnings per share rose to 12 cents from 8 cents a year-ago quarter. Subscription revenue grew 21% to $169.2 million in the quarter.

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