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Titanium Metals Corporation, Teradata Rise

Mayank Mehta
06 May, 2010
New York City

Titanium Metals Corporation led gainers in the S&P 500 index with a rise of 16.0%. Ross Stores April same-store sales up 3%. Teradata first quarter net soars 49%. MetroPCS first quarter net fell 48%.

Greece Austerity Bill Passed

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 May, 2010
New York City

Greece austerity bill gets parliament approval. German factory orders surges. General elections in UK today. Commerzbank AG returns to profit in first quarter. BNP Paribas

UK Election Today, Essar IPO Stumbles

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 May, 2010
New York City

U.K. stocks decline on fears of contagion. The pound falls amidst worries of a hung parliament. Britain goes to polls today. The U.K. service sector continues to expand in April. Essar Energy cuts IPO price to 420 pence. Schroders first quarter pre-tax profit rises. Vedanta Resources profit soars.

Interest Rates Unchanged, Euro Falls

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 May, 2010
New York City

The euro and world shares fell amidst worries that the sovereign debt crisis may spread to other eurozone countries. U.S. productivity rises in first quarter at 3.6% and weekly jobless claims decrease 7,000. Britain goes to the polls today. Cigna first quarter profit rises.

Sensex Drops; Essar Energy IPO Listed on LSE

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
06 May, 2010
New York City

Stocks in Mumbai traded lower. Mediaone Global Entertainment hits the roof on bonus plan. ICICI eyes stake in Bank of Rajasthan. Glenmark unit signs licensing pact with Taro Pharmaceuticals unit.

China Stocks Fall; Properties Boom Curbed

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
06 May, 2010
New York City

Hua Xia Bank Co to raise 20.8 billion yuan. PetroChina starts expansion of Ningxia oil refinery. Ping An plans to acquire Shanghai securities.

Japan Bond Futures Surge on European Debt Crisis

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
06 May, 2010
New York City

Japanese stocks tumble. Tokyo office vacancy rate rises to record in April. Japan

Australian Retail Sale Slows; Dollar Falls

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
06 May, 2010
New York City

The Australian dollar falls as retail sales growth slows. Banpu Pcl, the Thai coal producer buys 14.9% stake in Centennial Coal Limited. Brambles Ltd expects sales for fiscal 2010 to be flat.

World Markets Decline on Euro Worries

123jump.com Staff
05 May, 2010
New York City

Stocks in New York and Europe declined as protests turn violent in Greece and investors fear debt worries spreading to Spain and Portugal after a rating agency placed Portugal

Violent Protests in Greece; Euro Slides

Arthi Gupta, Mayank Mehta and Sanjay Barot
05 May, 2010
New York City

European market indexes declined for the second day on the growing contagion worries in the region. The euro dropped to one-year low. Euro area retail sales were unchanged in March. Lafarge posts profit on asset sale. Societe Generale SA reports better-than-expected earnings.

Stocks Decline in UK; Prudential Delays Offering

Arthi Gupta, Mayank Mehta and Sanjay Barot
05 May, 2010
New York City

UK construction expands at the fastest pace in April and the EC raises the nation

Shanghai Index Rises; HK Index Falls

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
05 May, 2010
New York City

Stocks in Hong Kong fell sharply following losses in global markets. However, stocks in Shanghai rebounded. Short sales interests on Chinese stocks rose to the highest level in 26 months. PetroChina Co begins construction of refinery in the Northwest China to increase capacity three-fold.

InterMune, Garmin, News Corp Drop

Mayank Mehta
05 May, 2010
New York City

News Corporation led the decliners in the S&P 500 index with a loss of 9%. IntercontinentalExchange profit rises. Garmin first quarter profit falls to $37 million. Time Warner first quarter net rises 10%. InterMune plunges 77% after it fails to win FDA approval.

Interactive Data Agrees to Leveraged Buyout

Chandrasekhar Atreya
05 May, 2010
New York City

Interactive Data Corp agreed to be acquired by private funds managed by Silver Lake and Warburg Pincus for $3.4 billion or $33.86 a share. The sale raises the prospect that Pearson Plc, 61% stake holder in the company may sell Financial Times.

Sensex in India Tracks Lower

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
05 May, 2010
New York City

Stocks in Mumbai traded lower tracking losses in global markets. Coal India prepares for the largest initial public offering in India. Jindal Steel & Power quarterly net increased 7%. Jagaran Prakashan may bid for Mid-day Multimedia.

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