123jump.com Staff
11 Aug, 2010
New York City
The online retailer net sales increased 41% to $6.57 billion in the quarter. Net quarterly income surged 45% to $207 million driven primarily on significant growth in electronics sales. Earnings per share rose to 45 cents as against 32 cents in the prior-year quarter.
Arthi Gupta
11 Aug, 2010
New York City
The UK indexes drop after the BoE forecasted inflation above 2% and weak economic growth outlook. The jobless allowance claimants fell 3,800 and consumer confidence plunged in July and mortgage lending rose in June. Balfour Beatty secured construction contract at Heathrow Airport of
Arthi Gupta
11 Aug, 2010
New York City
The European markets dropped after the U.S. Fed noted that the U.S. economy may recover at a slower pace than expected. S&P upgraded the long term foreign currency debt outlook for Czech Republic. Portuguese inflation rose 1.8% in July. French current account deficit narrowed in June.
Arthi Gupta
11 Aug, 2010
New York City
EPIX and Netflix, Inc. announced an agreement through which Netflix members can instantly watch an array of new releases and library titles from EPIX streamed over the Internet from Netflix.
Arthi Gupta
11 Aug, 2010
New York City
U.S. stocks decline after the Fed noted a slowdown in the economy and trade deficit widened in June. The International Energy Agency estimates an increase in global oil demand. EPIX and Netflix announce exclusive Internet-only deal to stream movies.
Chandrasekhar Atreya
11 Aug, 2010
New York City
Stocks in Shanghai recovered to close higher but indexes in Hong Kong closed lower after the U.S. Fed gave weak assessment of the economy. Inflation in China in July was reported at 3.3%, above the central bank target of 3%. Diamond imports in first half surges 92%.
Chandrasekhar Atreya
11 Aug, 2010
New York City
Stocks in Mumbai steadily fell to close lower after markets in Asia turned lower Tata Motor net surged on rising auto sales in India. Production at Mumbai refineries was normal despite the port closure for the third day in a row after a ship collision.
Chandrasekhar Atreya
11 Aug, 2010
New York City
Stocks in Japan dropped as the yen approached nearly 15-year high. Core machinery orders gained less than expected in June. Toyota and Nissan plants in South Africa face striking workers.
Chandrasekhar Atreya
11 Aug, 2010
New York City
Stocks in Australia declined after weak economic data from the U.S. and China. Consumer confidence rose for the second month in a row. Commonwealth Bank reported a 42% surge in full year profit but issued a cautious outlook.
123jump.com Staff
11 Aug, 2010
New York City
Federal Reserve confirmed its plan to use its funds to purchase Treasury securities. The move was widely anticipated and the broader U.S. indexes recovered from the lows. The latest Fed action only highlights the protracted nature of the U.S. economic recovery.
123jump.com Staff
10 Aug, 2010
New York City
U.S. stocks traded lower after commodities and resource stocks declined. China said July imports grew at the slowest pace in a year. Fossil, Inc surged after first quarter sales increased 30%. McDonald
Arthi Gupta
10 Aug, 2010
New York City
The UK indexes decline after worries that imports fell in China. Commodities declined and resource stocks followed. The UK trade deficit narrowed and home prices surged in June. Irish manufacturing output growth slows in June. BP Plc makes initial deposit of $3 billion in oil spill escrow trust.
Arthi Gupta
10 Aug, 2010
New York City
The European indexes fall after China said imports grew at the slowest pace indicating that the economy may be slowing down. German wholesale price inflation rises 5.3% in July. French industrial production decelerates in June. GDF Suez agrees to merge with International Power.
Chandrasekhar Atreya
10 Aug, 2010
New York City
Stocks in Mumbai closed lower after fluctuating several times tracking losses in Asia. Government reduced the mandatory requirements of shareholding for state-owned public companies to 10% from 25%. Mumbai port remains closed for the second day after an accident-led oil spill.
Arthi Gupta
10 Aug, 2010
New York City
U.S. stocks trade lower after second quarter productivity fell 0.9%. BP Plc forms Gulf of Mexico oil spill escrow trust with the initial deposit of $3 billion. Skype plans for $100 million IPO. KKR cancels public offering of $500 million of common units.
