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UK Index Down 1.1%; Tullow Raises

123jump.com Staff
27 Jan, 2010
New York City

Stocks in London closed lower as commodities declined. Global market worries and the prospect of early stimulus withdrawal affected trading sentiment. Tullow Oil completed

Moody's, Berkshire Up; Caterpillar, Toyota Drop

123jump.com Staff
27 Jan, 2010
New York City

Toyota plunged 7% after expanded the halt of eight model sales that included the U.S. and Canada. Berkshire Hathaway added to the S&P 500 index. Moody

U.S. Stocks Down Ahead of Fed Action

123jump.com Staff
27 Jan, 2010
New York City

U.S. stocks traded lower ahead of rate decision from the Fed this afternoon. New Home sales in December declined 7.6% and dropped 23% in 2009. Yahoo and McGraw Hill edge higher after earnings. Commodites edge lower and the dollar retained upward bias.

Markets Decline on Higher Rates, Stimulus Trims

123jump.com Staff
27 Jan, 2010
New York City

World markets edge lower as investors confront the prospect of rising interest rates and fewer lending supports from the central banks. Federal Reserve is expected to end its $1.25 trillion mortgage bonds markets support and the ECB is preparing to trim stimulus measures.

Apple Q1 Earnings Call Transcript

123jump.com Staff
27 Jan, 2010
New York City

Sales up 32% to $15.68 billion & net income rose 49.5% to $3.38 billion or $3.67 a share. Operating margin was highest ever at $3.73 billion representing 30.1% of revenue. Total gross margin was 40.9%. Operating expenses were $1.69 billion & included $168 million in stock-based compensation expense.

TheStreet Q2 & Q3 2009 Earnings Call Transcript

123jump.com Staff
27 Jan, 2010
New York City

Second quarter revenues fell 19% to $15.0 million. Third quarter revenues fell 11% to $15.2 million & net loss of $1.4 million. Operating expenses in the 3rd quarter 2009 were $16.9 million an improvement of 6% as compared to a restated $18.0 million in the prior-year period.

Shanghai, HK Indexes Drop 2.4%

Mayank Mehta
26 Jan, 2010
New York City

Indexes in Shanghai and Hong Kong declined more than 2.4% after China tightened the bank lending. The uncertainty of additional monetary steps kept investors away. China Oil and Gas prices its placement near the low end of the range. Foxconn declined on profit warning.

Japan Rate on Hold; KDDI, Jcom Deal

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

Bank of Japan left its key lending rate on hold and said it will keep its monetary policy accommodative to fight the deflationary forces. Service index declined 1.5%. KDDI purchased 38% stake in the broadband network Jupiter Telecom.

EU to Investigate BHP, Rio Venture

Darlington Musarurwa
26 Jan, 2010
New York City

European Union to probe Rio Tinto and BHP Billiton iron ore joint venture. NZ credit card business spending falls 1.3% in December.

Home Prices, Confidence Index Lift Stocks

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

U.S. stocks wavered in trading after China began tightening bank lending. Confidence indexes in the U.S. and Germany climbed. U.S. home price index showed a fraction gain. Commodities retained a negative bias. European markets closed higher.

European Indexes Up on German Confidence Data

Mayank Mehta
26 Jan, 2010
New York City

European markets closed higher after business climate index in Germany increased and UK reported its first quarterly gain in seven quarters. Siemens rallies 5% after reporting sector profit increase of 11%. Novartis net surges 49% and appointed new chief executive.

UK Shows First Signs of Economic Growth

Mayank Mehta
26 Jan, 2010
New York City

UK showed first quarterly economic expansion in the last quarter with a rise of 0.1%. The economy shrank 6% in the last six quarters. The GDP declined 4.9% in 2009. UK stocks traded volatile after the weakness in commodities prices.

Sherwin-Williams, MGIC Rise; Cigna Falls

Mayank Mehta
26 Jan, 2010
New York City

United States Steel Corporation led the decliners in the S&P 500 index after it reported fourth quarterly loss in a row. Mortgage insurers increased after MGIC Corp reported lower than anticipated loss. Cigna declined on a downgrade. Sherwin-Williams surged after it offer higher annual outlook.

Coach Q2 Earnings Call Transcript

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

The leather goods maker quarterly revenue rose 11% to $1.1 billion. Net income increased 11% to $241 million driven in part by North American comparable store sales of 3.2% in the quarter. Earnings per share rose to 75 cents from 67 cents the prior-year quarter.

Choppy Trading in New York; Apple, Microsoft Up

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

Stocks in New York wavered after China tightened lending. Apple gained more than 2% after it reported quarterly sales increase of 32% and net surge of 50% and indicated higher than expected revenues in the current quarter. The dollar and yen advanced but gold, oil and copper declined.

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