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China Tightens Lending, World Markets Fall

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

World markets declined after more banks tighten lending in China. The lending in the first two weeks surged to more than $200 billion, nearly 20% of the annual quota. UK barely emerged from the recession that dragged its GDP down by 6% in the previous six quarters.

Australian PPI Drops 0.4%; Stocks Weak

Darlington Musarurwa
25 Jan, 2010
New York City

Australia

Japan Stocks Track Losses in New York

Darlington Musarurwa
25 Jan, 2010
New York City

Foreign visitors to Japan decline 13% to 7.81 million. Bank of Japan to extend emergency loan program. Pioneer Corp plans to raise 20 billion yen in share offering.

Stocks in India Struggle; Godrej Sales Up

Mayank Mehta
25 Jan, 2010
New York City

Stocks in Mumbai traded lower. Crompton Greaves traded at one-year high ahead of bonus issue decision. Indian government plans to raise $3.8 billion from a stake sale in the mining company NMDC. McNally Godrej Consumer Products sales surge 53%.

Apple Net Surges 50%

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

Apple Inc in the after-hours trading edged higher after it reported quarterly earnings of $3.38 billion or $3.67 a share and sales increase of 32% to $15.7 billion.

U.S. Stocks Close Up; Weak Commodities

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

Stocks closed higher in New York after a three-day sell-off. Home sales declined more than estimated in December but increase in 2009, first time in four years. European markets fell more than 1%. Commodoties edged lower and the dollar hovered near its recent highs.

European Markets Drop 1%; Fiat, Ericsson Down

Mayank Mehta
25 Jan, 2010
New York City

European market indexes closed lower more than 1%, however Athens benchmark index surged. Greek government auction of

Weak Trading in UK; Wolseley Up

Mayank Mehta
25 Jan, 2010
New York City

UK benchmark indexes declined more than 1% before recovering after the release of weaker than expected home sales data in the U.S. Broker recommendations led Man Group Plc, Johnson Matthey and Reed Elsevier lower. Resource stocks led the decliners.

Philips, Liberty Global, Arcelor, AK Steel Rise

Mayank Mehta
25 Jan, 2010
New York City

AK Steel Holding Corporation led gainers in the S&P 500 index with a rise of 7.7%. Sealed Air''s adjusted net income hits target. Eaton Corp. fourth quarter net up 29.4% and sales off 10%. CNH Global net drops 75%.

Schlumberger Q4 Earnings Call Transcript

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

The oilfield services provider quarterly revenue declined 16% to $5.74 billion. Net quarterly income slumped 31% to $795 million reflecting a downswing in the Oilfield Services and WesternGeco revenues. Earnings per share dipped to 65 cents from 95 cents a year-ago quarter.

December Home Sales Decline 16.7%

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

December home sales declined 16.7% from a year ago to 5.45 million. Sales in 2009 increased for the first time since 2005. Housing inventory at the end of the month was at 7.2-month supply.

American Exp. Q4 2009 Earnings Call Transcript

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

Revenues fell 0.3% to $6.49 billion & net income rose 198% to $716 million or 60 cents a share. Write-offs in the fourth quarter were 7.5%, in October it was 7.8%; November it was 7.6% and December it was 7.1% so an improving trend. The forecast is for unemployment to stay at relatively high levels.

Starbucks Q4 Earnings Call Transcript

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

Revenues rose 4% to $2.72 billion & net income rose 275.6% to $241.5 million or 32 cents a share. Consolidated operating margin was 13.0% on a GAAP basis and 13.6% on a non-GAAP basis. Consolidated operating income of $353 million in the first quarter including $18 million of restructuing chagres.

Stocks in New York Rebound, Bernanke in Focus

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

Stocks in early trading in New York rebounded on the hopes that the Fed Chairman Bernanke will be reappointed after more Senators express their support and confidence for the nomination. Ericsson AB net plunges. Philips Electronics surged on the fourth quarterly profit in a row.

Intuitive Surgical Q4 Earnings Call Transcript

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

The surgical robotics company reported quarterly revenue soared 40% to $323 million. Net quarterly income surged 53% to $78 million driven by the growth in instruments and accessories revenue from da Vinci surgical system sales. Earnings per share rose to $1.95 from $1.27 a year-ago quarter.

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