123jump.com Staff
16 Jul, 2010
New York City
U.S. stocks dropped sharply after General Electric, Google and Bank of America led the decliners. The market indexes dropped more than 2.5% after Bank of American estimated higher credit card charges and said industry may have under estimated.
Arthi Gupta
16 Jul, 2010
New York City
The UK indexes trade higher after BP successfully halted flow of oil into the Gulf of Mexico. BP begins well integrity test on the MC252 well. The UK first quarter construction output drops. Ireland Central Bank Governor stresses capital requirement needs will be met by banks.
Mayank Mehta
16 Jul, 2010
New York City
Gannett Co., Inc. led the decliners in the S&P 500 index with a loss of 8.8%. Google net rises as advertising sales increase. Opnet shares off after earnings and revenue update. W.W. Grainger earnings up 40%. Citigroup reports profit drop and beats estimates. Bank of America profit and revenue slip.
Arthi Gupta
16 Jul, 2010
New York City
The European markets decline after weaker-than-expected revenue from U.S. corporations. The Basel Committee urges for a countercyclical capital buffer proposal. French PM optimistic Europe will rebound from the current financial crisis. Euro-zone trade balance slides to
Chandrasekhar Atreya
16 Jul, 2010
New York City
Stocks in Australia closed lower. OZ Minerals raises its forecast for gold output. National Australia Bank seeks extension for locating a buyer for AXA Pacific
Arthi Gupta
16 Jul, 2010
New York City
U.S. stocks trade sideways after GE reported lower revenue. U.S. inflation falls 0.1% in June. Senate approves Financial Reform Bill. Goldman Sachs agrees to $550 million settlement with the SEC. BP begins well integrity test on the MC252 well. RealD prices IPO at $16 a share.
Chandrasekhar Atreya
16 Jul, 2010
New York City
Stocks in Japan fell on gloomy outlook in the U.S. Toyota and Nissan plan to expand output in Latin America. Komatsu plans to double output. Japan delays import of wheat. Demand for services falls in May. A new rail link from central Tokyo to Narita airport will cut travel time.
Chandrasekhar Atreya
16 Jul, 2010
New York City
Stocks in China region fluctuated. Shanghai proposes gold exchange certificates for mutual funds. Agbank shares fare better in Hong Kong debut. Three officers of Zijin Mining are detained by police following investigations. Sichuan Western Resources permitted to purchase mining rights in Jiangxi.
Chandrasekhar Atreya
16 Jul, 2010
New York City
Stocks in Mumbai traded higher on earnings outlook. TCS reports first quarter profit surged 24%. Technofab Engineering gained 18% on debut. IOL Chemicals soared on preferential issue plan. UTV Software increased 5% on strong first quarter results.
Arthi Gupta, Mayank Mehta and Sanjay Barot
15 Jul, 2010
New York City
The UK indexes edge lower after a sharp decline in commodities. The BoE reports a decline in housing equity and Miles reaffirms his loose monetary policy stance. UK first quarter productivity rises. The IMF notes Ireland needs to strengthen its financial stability network.
Mayank Mehta
15 Jul, 2010
New York City
NBTY, Inc. led gainers in the S&P 500 index with a rise of 44.1%. Eclipsys announces special meeting of stockholders to vote on proposed Allscripts merger. Mylan to acquire Bioniche Pharma global injectable pharmaceuticals business.
Arthi Gupta, Mayank Mehta and Sanjay Barot
15 Jul, 2010
New York City
The European markets reversed earlier losses tracking gains in the U.S. indices. The ECB notes the euro-zone economy estimated to grow moderately. European new car registrations drop in June. Riksbank observes euro-zone fiscal policy tightening will impact economic growth in Sweden.
Arthi Gupta, Mayank Mehta and Sanjay Barot
15 Jul, 2010
New York City
U.S. stocks gain after JPMorgan reported 76% rise in earnings. The Federal Reserve lowered U.S. economic growth forecast. U.S. Senate votes today on Financial Reforms Bill. U.S. weekly jobless claims fell 29,000 and inflation index declined 0.5% in June. Carlyle Group agreed to acquire NBTY for $3.8 billion.
Chandrasekhar Atreya
15 Jul, 2010
New York City
Stocks in Australia traded lower echoing market sentiments across Asia. Fortescue
Chandrasekhar Atreya
15 Jul, 2010
New York City
Stocks in Japan fell on retail sales decline in the U.S. Bank of Japan Lowers Forecast for 2012. Nissan halts production for three days in two plants in the U.S. Nippon Telegraph and Telephone Corp plans to buy South Africa
