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Market Update

Stocks Fluctuate, Banks in Focus; Gold Eases

Devan Biswas
09 Sep, 2010
New York City

U.S. stocks traded higher on the back of better than expected jobless claims. S&P 500 index has rebounded more than 5% in the month. Crude oil and gold edged lower. Indexes in Europe traded higher after sovereign debt worries eased.

Adobe, Men's Wearhouse Rise; Talbots Falls

Devan Biswas
09 Sep, 2010
New York City

Airgas declined after it rejected revised unsolicited offer from Air Products & Chemicals Inc. Fuqi International Inc plunged after the SEC demanded regulatory statements. Adobe systems Inc surged 10% after Apple relaxed mobile application guidelines.

UK Rates on Hold; Trade Deficit Widens

Arthi Gupta
09 Sep, 2010
New York City

The UK indexes gained after the BoE retained key rate and

European Indexes Up; German Inflation Eases

Arthi Gupta
09 Sep, 2010
New York City

The European indexes rose after German inflation eased in August. French payroll employment increased in the second quarter. The IMF noted Austria growth outlook challenging. Greek industrial output fell in July and Swedish inflation slackened in August.

U.S. Jobless Claims Fall; Trade Deficit Narrows

Arthi Gupta
09 Sep, 2010
New York City

U.S. stocks trade higher after weekly jobless claims fell 27,000 to 451,000 and trade deficit narrowed in July. Fed noted slowdown in economic growth and OECD reiterated recession is

Sensex in 4-Day Gain; Gujarat Pipavav IPO

Chandrasekhar Atreya
09 Sep, 2010
New York City

Stocks in Mumbai gained for the fourth consecutive day to keep the index at a 30-month high. Sale of passenger cars surge 33% in August. India approves stake sale of Manganese Ore (India) Ltd. Tata Power plans to increase power capacity to 25,000 MW by 2017.

China Buys Record Japan Debt in July

Chandrasekhar Atreya
09 Sep, 2010
New York City

Stocks in China fell after commodity and financial shares declined today. China bought record amount of Japanese government debts in July. Shanghai registers a record residential plot sale in Pudong New Area.

Nikkei Gains; Toyota to Invest in Brazil

Chandrasekhar Atreya
09 Sep, 2010
New York City

Stocks in Japan gained after successful bond auctions in Portugal and Poland eased investor. U.S. Treasury auction of $21 billion also drew a strong interest from foreign central banks. Business sentiment index of large companies in Japan rises in the quarter.

Sydney Gains 1%; Jobless Rate Drops to 5.1%

Chandrasekhar Atreya
09 Sep, 2010
New York City

Stocks in Australia gained after a report showed unemployment fell to its lowest level since January 2009. Competition authorities once again rejects NAB

Williams-Sonoma Q2 Earnings Call Transcript

123jump.com Staff
09 Sep, 2010
New York City

The home furnishings retailer quarterly net revenues grew 15.4% to $776 million on comparable store sales rise of 13.6%. Net income surged 7619% to $30.8 million in the quarter. Earnings per share were 28 cents compared with a breakeven a year ago.

Stocks Rise After Bonds Sales in U.S., Europe

Devan Biswas
08 Sep, 2010
New York City

Market indexes in the U.S. and Europe recovered with the sentiment. U.S. Treasury bonds inched up after the latest $21 billion auction drew the best response from central banks. Bonds in Europe also recovered after Portugal completed the sale of $1.3 billion.

Hewlett Packard, Pep Boys, UDR Fall

Devan Biswas
08 Sep, 2010
New York City

Hewlett-Packard declined and the company sued the ex-CEO. Navistar International Inc declined more than 5% after it missed revenues estimates. Silicon Laboratories Inc dropped 10% after it lowered its revenues outlook.

UK Manufacturing at 16-Year High

Arthi Gupta
08 Sep, 2010
New York City

The UK indexes traded higher after home prices rose in August and the economy expanded at a slower pace in the quarter to August. Vodafone agreed to sell China Mobile stake for

Portugal Bonds Sales Revive Confidence

Arthi Gupta
08 Sep, 2010
New York City

The European indexes gained after a successful bond auction in Portugal. Greece

U.S. Stocks Gain; Bristol-Myers Deal

Arthi Gupta
08 Sep, 2010
New York City

U.S. stocks rose after concerns eased regarding European banks. BP released report on causes of Gulf of Mexico tragedy. Bristol-Myers Squibb proposed to buy ZymoGenetics for $9.75 per share. Ciena third quarter revenue surged 137%.