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Dollar Thrifty, Administaff Rise; BP, BHP Fall

Mayank Mehta
03 May, 2010
New York City

SanDisk Corporation led gainers in the S&P 500 index with a rise of 4.9%. Administaff, Inc first quarter sales fall 1% but still reported higher than expected profit. Dollar Thrifty soars after Avis said it is prepared to offer more than Hertz

Dollar Thrifty Surges on Avis Letter

Arthi Gupta
03 May, 2010
New York City

Avis Budget Group in a letter to Dollar Thrifty Automotive Group said it is prepared to make a substantially higher offer. Dollar Thrifty stock soared 14%.

United, Continental Merger; Capacity Cuts

Chandrasekhar Atreya
03 May, 2010
New York City

UAL Corp, the parent of United Air and Continental agreed to merge that will create the largest domestic carrier with market share of 21%. The deal is expected to cut capacity on many routes that will increase fares. The deal faces many hurdles but is expected to be complete by the end of the year.

Greece Faces Uphill Task;

Arthi Gupta
03 May, 2010
New York City

Greek government agreed to deeper cuts in spending and raise taxes in exchange for a bailout package for the next three years of as much as

Stocks Up on Income; UAL, Continental Merger

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

U.S. stocks are trading higher on Greece bailout package and merger of two airlines but the euro fell. U.S. personal income for March rises at the fastest pace in six months. UAL agrees to acquire Continental Airlines for $3.2 billion. Loews quarterly revenue rises 23%.

Sensex in India Falls; Rupee Strong

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

Stocks in Mumbai trade lower and India

Australia Proposes Higher Taxes; Stocks Fall

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

The Australian stocks fell after government announced 40% resource tax as early as 2012. The manufacturing index jumps to 59.8 in April indicating near-trend expansion in the economy. The RBA is scheduled to meet today to decide measures to contain inflation.

Starbucks Q2 Earnings Call Transcript

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

Revenues rose 9% to $2.5 billion and net income rose 769% to $217.3 million or 28 cents a share. Consolidated operating margin increased to 13.4% from 1.8% in Q2 of the prior year. Operating income more than doubled to $48 million. Consolidated operating margin was 13.4% on a GAAP basis.

Ameritrade Q2 Earnings Call Transcript

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

Revenues up 21% to $635.4 million & net income rose 23.2% to $162.6 million or 27 cents a share. Net new assets of $10.2 billion for the March quarter were up 59% from $6.4 billion in the same quarter last year. Interest expense for the quarter was $3 million higher than the same quarter last year.

Freeport McMoran Q1 Earnings Call Transcript

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

Revenues rose 68% to $4.36 billion and net income rose 1,986% to $897 million or $2.00 a share. Operating cash flows in the quarter very strong at 1.8 billion. Consolidated unit net cash cost averaged $0.81 per pound in the first quarter of 2010.

Morgan Stanley. Q1 2010 Earnings Call Transcript

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

Revenues rose 214% to $9.1 billion and net income was $1.41 billion or 99 cents a share. Profit before tax was $2.1 billion and the PVT margin was 39% compared to 14% last quarter. Profit before tax was $78 million and the PBT margin was 9%. PBT was $173 million for a margin of 26%.

U.S. Stocks Turn Lower; Goldman Sachs Plunges

Arthi Gupta, Mayank Mehta and Sanjay Barot
30 Apr, 2010
New York City

Stocks and indexes closed lower in New York trading on the growing belief that regulators may add criminal charges to ongoing investigation of Goldman Sachs. Barclays Plc fell more than 8% after it reported weaker than expected earnings.

Australian Dollar Firm; Arrow Rises

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
30 Apr, 2010
New York City

Australian dollar rises as Greece agrees to

Japan CPI Rises 0.3%; Nissan in JV in India

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
30 Apr, 2010
New York City

Japan

Investors in Europe Look Beyond Greece

Arthi Gupta, Mayank Mehta and Sanjay Barot
30 Apr, 2010
New York City

The euro gained as fears of Greece debt default receded for now and March unemployment hovered at 10%. Italy''s inflation rises in March. Polish insurer PZU SA raises $2.7 billion in a public offering, the largest in three years. Total''s first quarter profit up 14% on higher oil prices.

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