Market Update

Industrial Production Up; $7.5 Billion of Deals

123jump.com Staff
15 Mar, 2010
New York City

U.S. stocks traded lower and the dollar gained. Federal Reserve is scheduled to signal its rate outlook tomorrow. Inflation in China, India hovered near 16-month high as commodities investors fear tighter banking regulations in two fast growing economies. Deals of $7.5 billion were announced today.

Iron Ore Price Increase Estimate Revised Higher

Darlington Musarurwa
15 Mar, 2010
New York City

Stocks in Australia declined fractionally tracking losses in commodities markets. Analysts lifted their estimate of iron ore prices in the current year to more than 60% increase as Chinese steelmakers seek a government intervention in price negotiations.

Shipper Rise in Tokyo; Indexes Flat

Darlington Musarurwa
15 Mar, 2010
New York City

Japan

Dress Barn Q2 Earnings Call Transcript

123jump.com Staff
15 Mar, 2010
New York City

The women

Teekay Corporation Q4 Earnings Call Transcript

123jump.com Staff
15 Mar, 2010
New York City

Teekay Corporation fourth quarter net revenue declined 26.6% to $448.9 million. Net loss for the quarter was $33.3 million or $0.45 per share as against net profit of $53.2 million or $0.73 per share in the same quarter in the prior year.

Advance Auto Q4 2009 Earnings Call Transcript

123jump.com Staff
15 Mar, 2010
New York City

Sales fell 4% to $1.14 billion & net income rose 41% to $34.5 million or 36 cents a share. Gross profit rate increased 78 basis points versus the fourth quarter last year. This increase was on top of 140 basis point increase during the same comparable period last year. comp store sales increased 3%.

Australians Charge Less on Cards

Darlington Musarurwa
12 Mar, 2010
New York City

Australia

U.S. Stocks Meander; Dollar Slides

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

U.S. stocks struggled after consumer sentiment waned and investors faced full valuations. An increase in February Retail sales offered another data point for economic recovery. The dollar edged lower against the euro. Lehman investigation puts JP Morgan Chase, Citigroup and former chief at fault.

Property Stocks Active in China; Air China Down

Mayank Mehta
12 Mar, 2010
New York City

The benchmark indexes in Shanghai and Hong Kong declined. Air China fell after it plans to raise more capital in a stock offering to repay debt. Property developers in Shanghai fell on the worries that tighter regulations may hamper future land sales. But, developers in Hong Kong edged higher.

London: Climate Exchange, Liberty, BSkyB Rise

Mayank Mehta
12 Mar, 2010
New York City

UK stocks traded higher on a global optimism. Commodities advanced. Climate Exchange surged 9% after it swung to a net income in 2009. Liberty Plc surged on takeover talks. BSkyB soars 5% on media speculation that News Corp may increase its stake in the company.

European Markets Advance on Earnings, Output

Mayank Mehta
12 Mar, 2010
New York City

Earnings and economic outlook drove the sentiment higher in Europe. Talks of Greek bailout orchestrated by the EU also contributed to the positive sentiment. BMW AG 2009 net declined 36%. Eni SpA 2009 sales fell 23%.

Potash, Mosaic, Clear Channel Outdoor Surge

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

Potash Corp of Saskatchewan surged after it lifted first quarter earnings estimate as much as 50%. Yara International left its bid for Terra Industries unrevised. Aeropostale gained after fourth quarter sales increased 16%. AnnTaylor Stores declined on lower quarterly sales.

Stocks Rise in Tokyo on Production Data

Mayank Mehta
12 Mar, 2010
New York City

Stocks in Japan closed higher on the optimistic view of the economy and a rise in industrial production. The yen strength prompted more calls to lower the currency and the continuation of loose monetary policy.

U.S. Retail Sales Rise; Consumer Sentiment Lower

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

U.S. stocks turned lower after the release of consumer sentiment index. A rise in February retail sales drove the indexes higher. KKR & Co. plans to raise $2.2 billion as it prepares list the company in New York. Terra Industries and CF Industries edge closer to a merger pact.

India's Production Surges; Russia Defense Pacts

Mayank Mehta
12 Mar, 2010
New York City

Industrial production surged in January as industries use up spare capacity. Stocks struggled but edged up and for the week the Sensex increased 1%, fifth weekly gain in a row. Russian Prime Minster Putin hopes to sign defense pacts and nuclear power plants contracts with India during his visit.