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Shippers, Insurers Lead in China Markets

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

Prospect for increased demand for commodities in China helped the stock markets in China rally for the third day in four, after shipping and resource companies projected better profit outlook.

Australian Miners Bid for Queensland Rail

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

The benchmark stock index rose 1% in Australia driven by commodity stocks as gold prices edged up 0.7% to $1,206 per ounce and crude oil prices advanced 0.8% to $69.3 per barrel on signs the global economy is recovering.

Stocks Meander in Tokyo; JAL Restructuring

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

Stocks in Tokyo traded mixed and oil and copper closed higher. The Nikkei 225 Stock Average gained and the yen strengthened against the euro for the third straight day.

Hartford Financial Q1 Earnings Call Transcript

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

First quarter net income was $319 million or 42 cents a share & core earnings were $545 million. On a per-share basis core earnings of $0.14 and a net loss of $0.42. Underwriting profitability was strong with ex-cat accident year combined ratio of 92.8%. First-quarter impairments were $152 million.

Late Rally in U.S. Stocks; World Markets Weak

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

U.S. stocks dropped in the morning trading and recovered in the late afternoon. Banks and brokerages surged after the U.S. law makers appear to permit banks keep derivatives business. Rising tensions in the Korean peninsula and ongoing worries in the euro-zone remained the focus of investors.

UK Stocks Decline; M&S Net Rises

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

The UK benchmark index dropped but recovered from the lows of the day. UK services output growth eases slightly in March and first quarter GDP rises to 0.3% on an upward revision in manufacturing. Marks and Spencer Group plc net up.

EMC, Sara Lee Fall; Goldman Sachs Rises

Mayank Mehta
25 May, 2010
New York City

AutoZone, Inc. led gainers in the S&P 500 index with a rise of 3.8%. Medtronic profit up sharply and revenue tops $4 billion. Donaldson''s quarterly net income jumps 86%. Phillips-Van Heusen swings to first quarter loss.

IBM Pays AT&T $1.4 Billion for Sterling Commerce

Chandrasekhar Atreya
25 May, 2010
New York City

IBM agrees to acquire Sterling Commerce in a definitive agreement from AT&T for $1.4 billion in an all cash deal. The addition of this business-to-business firm to IBM

European Markets Tumble 3%

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

Markets in Europe plunged after the IMF issued a warning for Spain and rising tensions in the Korean peninsula kept buyers on the sidelines. Investors overlooked the rise in the euro-zone industrial orders. Poland Central Bank leaves key interest rate at record low of 3.5%.

China Indexes Plunge on Global Worries

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

Stocks in China fell again after concern that property tax in Shanghai could stoke curbs even as European debt crisis worry continued to persist.

Australian Dollar Drop 11% in May

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

The Australian dollar slipped for the second day as investors sold high-yielding assets on concern debt crisis in Europe may escalate and tensions rise between the two Koreas. The dollar has so far dropped 11% in May after commodity prices slumped and equity market took a beating.

Nikkei in Japan Drop 3.1%

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

Stocks fell in Japan as the yen rose against the euro and the dollar on growing signs of stress faced by European financial institutions. The Nikkei 225 Stock Average fell to its lowest close in almost six months.

Sensex in India Plunges 2.7%

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

The Sensex index plunged as investors sold shares on concern that Europe

U.S., World Markets on the Edge

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

Global and U.S. stocks plunge after the IMF warns of financial conditions in Spain and rising tensions in Korean peninsula. Commodities and crude oil dropped sharply. US, China pledge economic cooperation.

Saks Q1 Earnings Call Transcript

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

Sales rose 7% to $667.4 million & net income was $18.8 million or 11 cents a share. Gross margin rate improvement up 440 basis points to 43.1% this year from 38.7% in last year''s first quarter. The company''s operating margin expanded to 7.1% in the quarter from 0.4% in the prior-year first quarter.

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