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Nikkei Falls 2% Tracking U.S. Losses

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
30 Jun, 2010
New York City

Stocks in Japan tracked declines in the U.S. markets after a weak consumer confidence and wages declined in May. Daihatsu Motor is planning to market a fuel efficient a mini car next year. Iraq''s cabinet approved Mitsubishi-Shell gas deal.

China Region Stocks at 14-month Lows

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
30 Jun, 2010
New York City

Stocks in Shanghai and Hong Kong fell on global worries. Standard Chartered agrees to invest $500 million in Agbank IPO. Ping An Bank Co agrees to merge with Shenzhen Development Bank. Citic Securities seeks $1.26 billion for China Securities stake.

Sensex Gains 1%; Monsoon Rain Lags 15%

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
30 Jun, 2010
New York City

Stocks in Mumbai traded higher and closed up for the sixth quarter in a row. Gold import in 2010 is expected to drop as much as 40%. Monsoon rains in June are 15% below average. Sumitomo Financial acquires 4.5% stake in Kotak Mahindra Bank Ltd.

Intrepid Potash Q1 2010 Earnings Call Transcript

123jump.com Staff
30 Jun, 2010
New York City

Sales fell 80% to $107.4 million and net income fell 52% to $11.8 million or 16 cents a share. Gross margin in the first quarter of 2010 for the sale of potash was $109 per short ton or 31%, compared to $435 per short ton or 60% in the three months ended March 31, 2009.

CarMax Q1 2011 Earnings Call Transcript

123jump.com Staff
30 Jun, 2010
New York City

Sales rose 23.5% to $2.26 billion and net income rose 252% to $101.1 million or 44 cents a share. On a two-year basis comp store unit sales trend improved sequentially from a negative 14% in the fourth quarter of fiscal 2010 to a negative 8% in the first quarter. Wholesale unit sales grew by 52%.

Fear Grips World Markets; Weak Commodities

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
29 Jun, 2010
New York City

World markets declined sharply after economic outlook on China was revised and U.S. consumer confidence faltered. Resource stocks plunged the most in a year. European markets dropped more than 3% as liquidity concerns at banks resurfaced and Greece faced another protest.

Resource Stocks, UK Indexes Down

Arthi Gupta, Mayank Mehta and Sanjay Barot
29 Jun, 2010
New York City

The UK markets slump after the Conference Board drastically revised down its April gauge for China''''s economic outlook. UK mortgage approvals decline slightly but money supply remains static in May. Scott Wilson agrees to better offer from CH2M HILL. Emerson Electric rebids to acquire Chloride Group.

Bank of America, Citigroup, Micron Fall

Mayank Mehta
29 Jun, 2010
New York City

Smithfield Foods, Inc. led gainers in the S&P 500 index with a rise of 7.8%. Worthington Industries swings to quarterly profit. Micron Technology reports $939 million profit.

Greek Protest; European Markets Weak

Arthi Gupta, Mayank Mehta and Sanjay Barot
29 Jun, 2010
New York City

European stocks edge lower after jitters about liquidity issues ahead of bank repayments to the European Central Bank later this week. IMF approves

U.S. Stocks Struggle on China Weakness

Arthi Gupta, Mayank Mehta and Sanjay Barot
29 Jun, 2010
New York City

U.S. stocks trade lower after markets in China fell sharply and Asian markets traded lower. Federal Reserve Governor Kevin Warsh said central bank should resist from expanding the balance sheet. Tesla prices its public offering of 13.3 million shares at $17 a share.

Revised Outlook Drags China, Asia Markets

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
29 Jun, 2010
New York City

The benchmark indexes in Shanghai dropped to 14-month low after a private researcher lowered economic outlook. The news lowered indexes across Asia. ICBC posts 39% drop in new loan growth. Datang Power Changes sponsor for private placement.

Revised Outlook Drags China, Asia Markets

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
29 Jun, 2010
New York City

The benchmark indexes in Shanghai dropped to 14-month low after a private researcher lowered economic outlook. The news lowered indexes across Asia. ICBC posts 39% drop in new loan growth. Datang Power Changes sponsor for private placement.

Sensex in India Drops; Rate Hike Talks

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
29 Jun, 2010
New York City

Stocks in Mumbai traded lower after a central bank official said interest rate may be revised higher to curb inflation. Weak sentiment in the region also contributed to the declines. Tata Motors plans to raise as much as $1 billion and Pantaloon Retail raised $100 million.

Nikkei Trades Down 1.3%, Unemployment Rises

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
29 Jun, 2010
New York City

Stocks in Japan traded down after unemployment rate increased and household spending declined in May. Auto makers in Japan are boosting production as U.S. demand recovers and China demand continues to grow.

Australia Tracks Losses in Asia

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
29 Jun, 2010
New York City

Stocks in Australia traded lower tracking losses in Shanghai, Hong Kong, Tokyo and Mumbai. Miners give two week notice to government to settle the super tax on profits. Hebei Steel and Atlas Iron Ltd talk a stake sale in Western Australia iron ore mine.

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