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Ecuador Orders Chevron to Pay $9 Billion; FedEx Warns, Retail Sales Rise

Arthi Gupta
15 Feb, 2011
New York City

U.S. indexes traded higher on optimism of positive economic data. Berkshire Hathaway sold stake in eight companies including Bank of America and Nike. Ventana accepted Batista''s offer. Chevron plans to appeal adverse Ecuador ruling that may cost as much as $16 billion.

Sensex in 3-day Rally Gains 4.5%, Tata Motors Up

123jump.com Staff
15 Feb, 2011
New York City

Mumbai stocks extended gains for the third day and rebounded 4.5%. The Sensex index has declined 15% form the peak in the first week in January. LIC Housing surged after a government controlled fund resumed investing. Tata Motors global sales rose 16% in January. Reliance MediaWorks loss widens.

India Movers: LIC Housing Finance, Reliance Comm, Tata Power, Unitech

Mukesh Buch
15 Feb, 2011
New York City

Ahluwalia Contracts fell 1% after net profit slumped 46%. LIC Housing Finance surged 10.8% after government controlled pension fund resumed investment in the company. Reliance Communications gained 4% and net profit fell 57%. Tata Power soared 6% after net profit of surged 348%.

China Inflation at 4.9%, Stocks Flat; Anhui Conch Surges

Devan Biswas
15 Feb, 2011
New York City

Stocks in Shanghai closed flat and in Hong Kong declined on the worries that more rate tightening may be needed to stem the inflation. The January inflation rose 4.9%, less than expected on the change in index weights on fast rising food prices. Cement makers gained on higher demand expectation.

Nikkei Index Nears 10-month High; GS Yuasa Rises; Yamaha Plunges

Nigel Thomas
15 Feb, 2011
New York City

Stocks in Japan traded higher as on earnings optimism and shifting fund flows to the developed markets. GS Yuasa rose after it lifted its earnings outlook but Yamaha plunged 11% after it estimated lower than expected earnings.

Australian Dollar Advances; Westpac Gains, Brambles Falls

Marcus Jacob
15 Feb, 2011
New York City

Australian stocks closed nearly unchanged and the Australian dollar rose to a 9-month high against the yen. Brambles declined after it reported lower than expected earnings. Westpac gained after quarterly net fell but interest margin rose. The RBA statement confirmed the tightening bias.

U.S. and Asian Markets Diverge; Oil Spikes, Middle East Unrest Contagion

Bikram Pandey
14 Feb, 2011
New York City

U.S. stocks struggled after a sustained rise in the last six weeks. U.S. President Barack Obama proposed a $3.7 trillion budget with a deficit of $1.1 trillion. China

Banks in Europe Decline; Credit Suisse Raise $6.2 Billion

Devan Biswas
14 Feb, 2011
New York City

European market indexes closed mixed with a downward bias. Banks declined after the rating agency said it will revise its guidelines and factor in government support at more than 170 banks. The move is widely considered too late and too little. Credit Suisse strengthened capital.

UK Indexes Flat; John Wood Sell Engineering Division for $2.8 Billion to GE

Marcus Jacob
14 Feb, 2011
New York City

UK shares surged on the takeover talks and higher commodities prices in London trading. General Electric Company agreed to acquire the well-support division of John Wood Group Plc for $2.8 billion. The benchmark index closed nearly flat.

U.S. Movers: ArthroCare, Atlas Air, Diebold, MGM Resorts

Mukesh Buch
14 Feb, 2011
New York City

Atlas Air fourth quarter net income increased 47% to $41.6 million. Diebold reported fourth quarter net loss in the quarter was $120 million. MGM Resorts net loss in the fourth quarter declined to $139 million.

EMS in $3.2 Billion Deal; EchoStar Acquires Hughes Comm for $2 Billion

Bikram Pandey
14 Feb, 2011
New York City

U.S. stocks edged lower in the early trading after rising in 12 of the last fifteen trading sessions. Japan economy shrank 1.1% in the last quarter and fell to the third place after the U.S. and China. China

Sensex in Mumbai Soared 2.6%; Tata Motors Net Surges

Devan Biswas
14 Feb, 2011
New York City

Stocks in Mumbai surged after earnings from Tata Motors, Adani Enterprises and Gitanjali Gems Limited. The benchmark index soared 2.6%.Reliance Communication quarterly net dropped 56%. Tata Motors quarterly net soared nearly three-fold.

India Movers: Adani Enterprise, Aban, Hindalco, Rajesh Exports

Mukesh Buch
14 Feb, 2011
New York City

Adani Enterprises gained 3% after net profit increased 56%. Aban Offshore increased 3% and net profit declined 31%. Hindalco rose 4% after net profit rose 8%. Reliance Capital gained 3% after net profit surged 68%. Tata Motors increased 5.6% after net profit surged nearly three fold.

Japan GDP Declined 1.1%; Toyota, Kirin, Dai-ichi Rise

Nigel Thomas
14 Feb, 2011
New York City

Stocks in Tokyo reopened after three-day weekend and surged 1.1%. Exporters and electronics companies closed higher. Fourth quarter GDP declined 1.1% and for the year 2010 rose 3.9% to $5.47 trillion.

Australian Index Up 1.1%; IAG Drops, Macarthur Coal Rises

Marcus Jacob
14 Feb, 2011
New York City

Australian stocks closed higher on mixed earnings reports. Macarthur Coal estimated full year net of at least $138 million. IAG dropped after it reported higher than expected losses from Queensland floods and in the UK.

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