Login
Breaking News
FactSet Research   Lennar   FedEx Corp   Scholastic   Darden Restaurants   Cracker Barrel   Hain Celestial   Dave & Buster’s   Designer Brands  

Market Update

Oracle and Accenture Gain; RiM Drops

Mayank Mehta
25 Jun, 2010
New York City

TIBCO Software Inc. led gainers in the S&P 500 index with a rise of 7.5%. KB Home''''s quarterly loss exceeds forecasts. H&R Block quarterly profit $691 million. Research In Motion quarterly profit jumps 20% but misses revenue estimates.

Europe and U.S. Differ on Stimulus

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

European indexes fall on reports that the U.S. GDP expands 2.7% in the first quarter. The EC extends bank support schemes for Austria and Latvia. Spanish producer price inflation accelerates 3.8% in May.

U.S. Lawmakers Finalize Financial Reforms

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

U.S. stocks trade sideways and the U.S. committee of lawmakers approved financial reforms, two years after financial crisis that nearly brought down the financial system. U.S. revised the first quarter economic growth estimate downwards to 2.7% from the previous estimate of 3%.

Yuan on the Rise; Bad Debt Worries

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

Stocks in Shanghai and Hong Kong traded lower. Local government debt and rising bad debts at state controlled companies may affect profits at Chinese banks. Aluminum Corp. of China sells short term loan. SAIC is planning to raise $1.5 billion.

Sensex Declines; Reliance Revises Gas Deal

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

Stocks in Mumbai traded lower. Reliance Natural signs revised gas supply deal with Reliance Industries. GMR Infrastructure gains after winning airport bid in Maldives. Fortis Healthcare drops as GIC defers investment.

Weekly Decline of 2.6% in Nikkei

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

Stocks in Japan traded lower and closed again below 10000, after consumer prices fell in May. Nippon Yusen expects to beat profit forecasts on higher shipping charges. Toyota is planning to resume production in China early next week.

Miners Keep Pressure on Gillard in Australia

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

Stocks in Australia continue to decline. Prime Minister Julia Gillard offered to negotiate with miners but the industry took cautious view. BG Group gets approval for LNG project in Queensland. Extract Resources is on track to develop world

U.S. Indexes Fall; Bond Yields Near Lows

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

U.S. stocks turned lower amid mixed economic data and growing worries related to the euro-zone. Jobless claims declined at the end of last week and durable goods orders increased excluding volatile transportation orders. U.S. Treasury sold $108 billion of notes as yields hover near record lows.

UK Stocks Decline; Resolution, AXA UK Merge

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

The UK indexes remain sluggish after renewed skepticism on global economic recovery. Ireland trade surplus remains flat in April. Resolution agrees to buy AXA UK Life Business for

EU Plans Stimulus Exit; Stocks Down

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

European markets fluctuate after moderate U.S. economic data and on worries concerning the euro area sovereign debt crisis. Euro-zone industrial new orders rise 0.9% in April. French consumer spending grows 0.7% in May.

Stocks Lower in Shanghai, HK

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

Stocks in China and Hong Kong China closed lower in a volatile trading. Wuhan Iron signs a deal with Riversdale of Australia to develop a coking coal mine in Mozambique. China Merchants Bank prepared for 30% drop in home prices. Total SA and PetroChina may jointly develop Sulige Gasfield.

Prime Minister Julia Gillard May Disappoint

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

Julia Gillard takes oath as the first woman Prime Minister of Australia after Kevin Rudd lost his party

Japan Export Slows in May; Nikkei Gains

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

Stock indexes in Japan were nearly flat in a choppy trading. Export growth slows for the third month in May to 32%. Nissan Motor has faces another strike at its China parts unit.

CarMax, Shanda Rise; ConAgra, Darden Fall

Mayank Mehta
24 Jun, 2010
New York City

Sotheby

Reliance to Invest $1.15 B in Pioneer Natural

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

Stocks in Mumbai traded lower. Wholesale price index rises by 0.6% for the week. Vishal Retail rose after entering into a deal with TPG. NTPC disqualifies L&T tender bid. National Stock Exchange begins futures trading for copper and zinc.