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U.S. Stocks Up; GDP Revised Lower

Arthi Gupta
27 Aug, 2010
New York City

U.S. stocks advance after GDP expanded a downwardly revised 1.6% in the second quarter. 3PAR accepted Dell

Sensex Drops 1.3%; Spice, Iron Ore Exports Up

Chandrasekhar Atreya
27 Aug, 2010
New York City

The benchmark index in Mumbai dropped 1.3% in a volatile trading with the index declining 2.2% in the week, largest weekly drop this quarter. Coal India begins search for anchor investors. Ranbaxy settles patent issue with Roche Eximbank sanctions loan to Reliance Power for Sasan plant.

Canada Pension to Buy Australia based Intoll

Chandrasekhar Atreya
27 Aug, 2010
New York City

Stocks in Australia rallied to gain modestly. Availability of residential rental property rises in Sydney to a 12-month high. Canadian Pension Board agrees to buy Intoll for A$ 3.44 billion. Newcrest Mining gets closer to acquiring Lihir Gold.

Nikkei Rebounds 1% as CPI Falls 1.1%

Chandrasekhar Atreya
27 Aug, 2010
New York City

The benchmark index in Japan dropped to a new intra-day low but managed to gain nearly 1% by close. For the week the index declined 2.1%. Core consumer price index fell for the seventeenth month in a row. Unemployment rate dropped in July. Toyota recalls extends to Corollas.

China Govt Revenues Up 26%; PetroChina Falls

Chandrasekhar Atreya
27 Aug, 2010
New York City

Stocks in China moved sideways to close marginally higher. China

U.S. Indexes Fall, European Markets Rise

Bikram Pandey
26 Aug, 2010
New York City

The broader indexes declined in five of the last six session and the economic worries remain top concern of retail investors. U.S. jobless claims declined in the last week but European indexes rebounded after better than expected earnings from Credit Agricole and L

Abercrombie, Patterson Decline; Jo-Ann Rises

Bikram Pandey
26 Aug, 2010
New York City

U.S. stocks struggled after jobless claims declined more than estimated but late monthly mortgages payment rose. Patterson Cos. Declined after it missed revenues estimates. Jo-Ann Stores Inc surged more than 13% after it lifted fiscal 2011 earnings estimate.

Advance Auto Parts Q2 Earnings Call Transcript

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

The specialty retailer of automotive aftermarket parts reported quarterly sales increased 7.2% to $1.42 billion on comparable store sales gain of 5.8%. Net quarterly income rose 25.6% to $100.91 million. Earnings per share grew to $1.16 versus 83 cents per share in the same quarter last year.

UK Retail Sales Climb; Kazakhmys Soars

Arthi Gupta
26 Aug, 2010
New York City

The UK indexes climbed after August retail sales rose. The Financial Services Authority suggested that UK firms should hold more capital against risks. G4S agreed to buy 51% stake in Brazil-based Plantech.

Europe Indexes Rise; Agricole, L

Arthi Gupta
26 Aug, 2010
New York City

The European indexes gained after euro-zone lending and leading indexes rose in July and M3 money supply growth was flat. The ECB said net lending to corporations rose at the fastest pace in July. Novartis acquired 77% stake in Alcon.

Sydney Gains; Santos in $15 B LNG Project

Chandrasekhar Atreya
26 Aug, 2010
New York City

Stocks in Australia rallied after Woolworth net increased 10.1% to A$2 billion and said it will buyback A$700 million shares. Santos Ltd is planning $15 billion LNG project in Queensland. Wealth manager 100F Holdings full-year net surged four-fold.

Nikkei Edges Up 0.7%

Chandrasekhar Atreya
26 Aug, 2010
New York City

Stocks in Japan traded higher for the first time in five days helped by a weakened but steady yen. Ozawa decides to challenge Kan for the ruling party leadership. Domestic shipments of solar cells and personal computers rise in Japan.

China Stocks Volatile; Jiangxi Copper Net Up

Chandrasekhar Atreya
26 Aug, 2010
New York City

Stocks in China dropped after choppy trading in international markets. Geely Automobile Holdings Ltd first half net surged 35% and Cosco Shipping Co net surged 54%. Alibaba.com completes its second acquisition.

U.S. Stocks Gain; Jobless Claims Drop

Arthi Gupta
26 Aug, 2010
New York City

U.S. stocks rose after weekly jobless claims fell 31,000 to 473,000. Chilean President agreed to sell TV network to Time Warner. Google unveiled voice calling service. Mazda and Ford joint venture plan to invest $350 million in Thailand. Novartis acquired 77% stake in Alcon for $28.3 billion.

Sensex Gains; India to Form Infrastructure Fund

Chandrasekhar Atreya
26 Aug, 2010
New York City

India control oil companies will not bid for Cairn India stake. India will float $11 billion fund by the next fiscal year to finance large infrastructure projects. A modest decline in inflation was recorded in the latest read.

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