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London: W Morrison, Thomas Cook, BP

Mayank Mehta
11 Mar, 2010
New York City

UK stocks edged lower but traded near two-year high. BP Plc agreed to acquire portfolio of energy blocks from Devon Energy Corp for $7 billion. J D Wetherspoon plc reinstates dividend. William Morrison Supermarkets issued cautious outlook.

European Stocks Lower; VW Up, Lagardere Down

Mayank Mehta
11 Mar, 2010
New York City

European markets closed lower and the Swiss National Bank left its key lending rate unchanged at 0.25%. Volkswagen said unit sales in the first two months in a year surged 27% from a year ago and is seeking to raise

Gymboree, IMAX Rise; Men's Wearhouse Falls

Mayank Mehta
11 Mar, 2010
New York City

Hot Topic quarterly profit declined on weak sales and Men

Devon, BP in $7 B Deal; Trade Deficit Falls

123jump.com Staff
11 Mar, 2010
New York City

U.S. stocks traded sideways and January trade deficit declined on the smallest import of crude oil since 1999. Weekly jobless claims fell by 6,000. Devon Energy agreed to sell its international assets of gas and oil fields to BP Plc for $7 billion.

Indian Stocks, Inflation Rise; Putin Visit

Mayank Mehta
11 Mar, 2010
New York City

Stocks in Mumbai closed higher in the final fifteen minutes of trading. The wholesale inflation in the previous week was recorded at elevated level but larger crops of lentils and sugarcane is expected to make a dent in inflation. Russia and India are expected to sign nuclear reactor contract.

China Inflation Accelerates, Loans Decline

Mayank Mehta
11 Mar, 2010
New York City

China reported a rise in inflation and industrial production in February driven by economic stimulus and seasonal factors. Inflation gained for the fifth month in a row and 16-month high. New loans declined to $103 billion but ahead of the 22% annual increase target set by the central bank.

Genpact Ltd. Q4 2009 Earnings Call Transcript

123jump.com Staff
11 Mar, 2010
New York City

Revenues up 5.4% to $296.9 million & net profit fell 26% to 34.6 million or 16 cents a share. Adjusted operating income margin for the 4th quarter would have been 21.5% versus 20.8% the previous year quarter. Adjusted operating income stood at $55 million. Full year revenue up 7.6% to $1.12 billion.

Copart Inc Q2 Earnings Call Transcript

123jump.com Staff
11 Mar, 2010
New York City

The junk car auctioneer second quarter revenue increased by 4% to $176.6 million and net profit zoomed by 32% helped by higher revenue and improved margins. Earnings per share were $0.42 against $0.32 in the year ago quarter.

Nasdaq Down 55% on 10th Anniversary

123jump.com Staff
10 Mar, 2010
New York City

U.S. stocks barely closed up on the tenth anniversary of tech bubble collapse. The Nasdaq index is down 55% in the period. Investors bid up financials after Citigroup completed $2 billion offering and bond investors supported other offerings totaling $7 billion a day ago.

China Trade Suprlus Shrinks; Property Prices Up

Mayank Mehta
10 Mar, 2010
New York City

China

French, Italian Output Increase; Fortis, VW Gain

Mayank Mehta
10 Mar, 2010
New York City

European markets closed higher on improved global economic expectations, merger activities and an increase in production in France and Italy. Munich Re fourth quarter profit jumps. Fortis gains after it said it will resume dividend payment.

UK Production Declines; Tullett Surges on Talks

Mayank Mehta
10 Mar, 2010
New York City

Factory production index in January declined, a fall for the first time in five months. Tullett Prebon surged on buyout talks. F&C Asset Management swings to net profit in 2009. Laird Plc dropped 9% on a yearly loss.

Urban Outfitters Q4 Earnings Call Transcript

123jump.com Staff
10 Mar, 2010
New York City

The lifestyle specialty retailer quarterly sales increased 16% to $589 million on comparable store sales rise of 4%. Net quarterly income surged 92% to $78 million due to significant improvements in initial merchandise margins. Earnings per share rose to 45 cents from 24 cents a year-ago quarter.

Citigroup, InterMune Rise; Navistar, J Crew Fall

123jump.com Staff
10 Mar, 2010
New York City

Allergan advanced after the company won approval to use its Botox product for additional treatments. J Crew posts profit after product markdowns decline. Collective Brands loss narrows. Vail Resorts, Inc second quarter net falls.

U.S., Euro Bond Markets Active; Citi Raises $2 B

123jump.com Staff
10 Mar, 2010
New York City

U.S. stocks traded higher after corporations take an advantage of low interest rates to issue bonds and securities. Citigroup today launched the sale of $2 billion of securities that yield nearly 8.9%. Novartis and MGM led the bonds offering today and Goldman led the offering in euro bonds.

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