Devan Biswas
13 Sep, 2010
New York City
U.S. stocks closed higher on better than expected economic data from China. Crude oil gained more than 0.8% and the dollar edged lower against most currencies. Banks in Europe are preparing to raise more capital. The yield on 10-year U.S. bonds may decline below 1.8%.
Devan Biswas
13 Sep, 2010
New York City
Banks traded higher after watered down Basel III will take longer than expected to implement stricter capital guidelines. ArcSight Inc soared nearly 25% after it agreed to be acquired by Hewlett Packard. Tower Watson & Co declined on an offering.
Arthi Gupta
13 Sep, 2010
New York City
The UK indexes gained after mortgage lending rose modestly in July. BAE Systems contemplated sale of platform solutions business. BP acquired interest in South China Sea. PZ Cussons plc advanced 1.8% after it reaffirmed annual outlook.
Arthi Gupta
13 Sep, 2010
New York City
The European indexes soared after the ECB lifted the euro-zone 2010 GDP growth to 1.7%. The Basel Committee unveiled tighter guidelines for bank capital reserves. French current account deficit shrank in July.
Chandrasekhar Atreya
13 Sep, 2010
New York City
Stocks in Mumbai gained for a fifth day and surged more than 20% since late May. The sharp gain in industrial production and improving sentiment in Asian trading also contributed to the sentiment. PowerGrid scheduled its $3.5 billion IPO in November.
Arthi Gupta
13 Sep, 2010
New York City
U.S. stocks trade higher after sharply higher industrial production and consumer demand in China. Industrial production in India also surged. The Basel Committee unveiled tighter guidelines for bank capital reserves. Hertz and Dollar Thrifty and LabCorp and Genzyme Genetics agreed to merger.
Chandrasekhar Atreya
13 Sep, 2010
New York City
Stocks in Japan gained for the third trading day in a row after China reported better than expected economic data. Japan launched global positioning satellite. Incubator Bank of Japan resumes operations at select branches. Tepco plans to invest in Japan Nuclear Fuel to recycle spent fuel.
Chandrasekhar Atreya
13 Sep, 2010
New York City
Larger than expected industrial production increase in China and sustained consumer demand in August lifted stock indexes in Hong Kong and Shanghai. Industrial production increased 13.9% and retail sales surged 18.4%. However, inflation perked up to 3.5%. Crude processing declines for the third month in a row in the month.
Chandrasekhar Atreya
13 Sep, 2010
New York City
Stocks in Australia gained after a positive economic data from China and the Australian dollar gained. Rio Tinto seeks permission to expand bauxite operations in Queensland. The number of LNG floating projects in the northern waters is expected to surge.
123jump.com Staff
11 Sep, 2010
New York City
The lifestyle specialty retailer net sales rose 20% to $552.0 million in the quarter. Net quarterly income soared 46% to $71.7 million driven by double-digit revenue growth across all of its brands. Earnings per share grew to 42 cents compared to 29 cents per share in the year-ago quarter.
Devan Biswas
10 Sep, 2010
New York City
U.S. stocks closed higher after a rally in the early afternoon. International Energy Agency lifted the global demand for oil but cautioned significant downside risks. For the week, the Dow closed up 3.1% and the S&P 500 index by 4.2%. Markets in Japan closed higher for the second week in a row.
Arthi Gupta
10 Sep, 2010
New York City
The UK indexes traded sideways after producer prices inflation eased in August. Irish manufacturing output rose in July and weekly earnings fell in the first quarter. Morgan Sindall acquired ongoing contracts and related assets of Connaught plc.
Devan Biswas
10 Sep, 2010
New York City
National Semiconductor Corp dropped 4% after it forecasted lower than estimated second quarter sales. Lululemon Athletica Inc spared 10% after the athletic wear maker reported sharply higher quarterly earnings.
Arthi Gupta
10 Sep, 2010
New York City
The European indexes fell after EU current account deficit widened in the second quarter. The ECB President Trichet reiterated credit measures essential for euro area recovery. IfW raised German growth outlook. French industrial output improved in July.
Arthi Gupta
10 Sep, 2010
New York City
U.S. stocks advance after concerns eased on global economic recovery. IEA cautioned slowdown in oil demand. 3M agreed to acquire Arizant for $810 million. National Semiconductor profit tripled in the first quarter. Texas Instruments Inc lifted annual revenues and earnings outlook.
