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Stocks Struggle with 15-Year High Yen

Chandrasekhar Atreya
13 Aug, 2010
New York City

The steep rise in the yen continues to garner attention from stock investors and central bank policy makers. The yen is hovering near the fifteen year high against the dollar as Japanese corporation bring back earner profits from the U.S. Electricity generation in July climbs.

China

Chandrasekhar Atreya
13 Aug, 2010
New York City

Market indexes in China gained while in Hong Kong declined. China

Late Rally in Sydney Stocks

Chandrasekhar Atreya
13 Aug, 2010
New York City

Stocks in Australia gained after a late rally in mining stocks. Qantas Airways reports improvement in bookings from the domestic and Asia markets. AngloGold increases it gold output target. Atlas Iron is closer to acquiring Aurox Resources.

Economic Worries; Gold Up 1.5%

123jump.com Staff
12 Aug, 2010
New York City

U.S. stocks declined after jobless claims rose, yet another data point suggesting protracted economic recovery after trade deficit widened. Energy prices declined but gold rose more than 1% for the second day in a row. The European Central Bank estimated moderate growth in the euro area.

American Express Q2 Earnings Call Transcript

123jump.com Staff
12 Aug, 2010
New York City

The credit card service provider second quarter total revenues rose 13% to $6.86 billion. Net income in the quarter surged 202% to $1.02 billion helped by the strong performance in the U.S. Card Services division. Earnings per share rose to.84 cents as against 9 cents in the year-ago quarter.

UK Indexes Climb; Prudential Net Gains

Arthi Gupta
12 Aug, 2010
New York City

The UK indexes gained after GlaxoSmithKline won regulatory approval for ezogabine. UK mortgage possession claims eased in the second quarter. Irish CPI slackened in July. Centrica agrees to acquire Suncor gas assets for

Cisco, Estee Lauder Fall; Advance Auto Rises

123jump.com Staff
12 Aug, 2010
New York City

U.S. stocks traded lower and three popular indexes declined. Aegean Marine plunged as much as 23% after it posted lower than expected profit. Cisco dropped 10% after it missed revenues estimate. Semiconductor industry stocks declined.

European Indexes Fall; Q-Cells Soars

Arthi Gupta
12 Aug, 2010
New York City

The European indexes declined after U.S. weekly jobless claims rose and euro-zone industrial output dipped in June. The ECB estimated moderate growth in the euro area. Hungarian banks tightened household lending conditions.

U.S. Jobless Claims Rise; Cisco Net Surges

Arthi Gupta
12 Aug, 2010
New York City

U.S. stocks traded lower after weekly jobless claims rose 2,000 to 484,000. U.S. foreclosure filings fell in July. Apache completed acquisition of BP Permian Basin assets for $3.1 billion. Cisco said its quarterly profit soared 79% as sales rose 27%.

Industrial Output Growth Slows in India

Chandrasekhar Atreya
12 Aug, 2010
New York City

Stocks in Mumbai closed little changed despite SBI reported a 25% increase in quarterly profit. Industrial production increased at a slower pace in June. Reserve Bank of India is reviewing its policy to issue additional bank licenses and may require minimum capital of $250 million.

China Region Stocks Tumble; Steel Output Drops

Chandrasekhar Atreya
12 Aug, 2010
New York City

Stocks in China region tumbled for the second day on global outlook. Consumer confidence rises in the second quarter with the rural areas benefitting from a rise in government spending. Hong Kong Exchanges and Clearing Ltd reported 3% increase in first half.

Nikkei in Japan Nears Bear Market Phase

Chandrasekhar Atreya
12 Aug, 2010
New York City

Stocks in Japan dropped pushing the benchmark index down 20% in the year, signifying a bear market phase. Orders for steel products rose 6% in June. Total outstanding commercial paper debt reaches the 10 trillion yen.

Sydney Index Down 1.2%; Jobless Rate 5.3%

Chandrasekhar Atreya
12 Aug, 2010
New York City

Stocks in Australia fell further after unemployment in July increased to 5.3%. Coal exports increased from Newcastle port helped by drier weather. AGL Energy plans to expand in renewable energy projects.

S&P Down 2.8%, Gold Up

123jump.com Staff
11 Aug, 2010
New York City

U.S. indexes dropped between 2% and 3% after the Fed estimated weaker economic recovery and provided another stimulus. Investors sold stocks on the global economic worries after economic data from China, UK and Japan indicated weak outlook. Gold gained 1% and oil declined more than 2%.

A123 Systems Pluges; CareFusion Rises

123jump.com Staff
11 Aug, 2010
New York City

Stocks in New York trading dropped sharply after the Dow and S&P 500 index declined more than 2%. A123 Systems plunged 10% after it reported higher than expected loss. Walt Disney sales rose 16% and quarterly net surged 40%. Macy

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