ticker

U.S. Financials Fall; European Markets Down

123jump.com Staff
13 Oct, 2009
New York City

Stocks lost early momentum after banks and financials declined. Gold reached record high and crude oil edged up. Healthcare stocks declined after the U.S. Senate passed $829 billion plan to overhaul healthcare system.

Siemens Wins

123jump.com Staff
13 Oct, 2009
New York City

Siemens USA, a subsidiary of German engineering company reported sale of

German Confidence Drops; Stocks Fall

123jump.com Staff
13 Oct, 2009
New York City

The index of German confidence declined in September as unemployment stays above expectations and export sales are still struggling. Alstom is in $809 million talks to for tram services in Dubai. The wind turbine division of Siemens in the U.S. won

Marks & Spencer Banks on Growth Online, Overseas

123jump.com Staff
13 Oct, 2009
New York City

Marks & Spencer struggled to convince investors as it outlined its growth plan for the next ten years. The company plans to transform to multi-channel retailer and experience faster growth at international locations.

UK Inflation Falls; ITV Bond Offering

123jump.com Staff
13 Oct, 2009
New York City

UK stocks closed lower after the inflation data showed weak consumer demand. September price index fell at a faster pace than in the previous twelve months ending in August. ITV completed its offering of 135 million. Booker plc first half net increased 12.3%.

DryShips, Pier 1 Rise; Goldman Sachs, eBay Fall

Mayank Mehta
13 Oct, 2009
New York City

The drybulk carrier DryShips advances after it signs loan term waivers with two banks totaling $183 million. CIT Group is teetering towards bankruptcy filing. AIG sells its Taiwan life insurance division. DryShips surges on bank loans covenant renegotiations.

Cisco Acquires Starent Networks for $2.9 Billion

123jump.com Staff
13 Oct, 2009
New York City

Cisco Systems agreed to acquire mobile data communication infrastructure provider Starent Networks Corp. Cisco agreed to pay 20.6% to premium to yesterday

New Highs in Gold; Silver, Platinum Advance

123jump.com Staff
13 Oct, 2009
New York City

In early trading in New York stocks are expected to open higher but may face headwind as commodities prices stay firm. Gold reached a new intra-day high and silver, platinum and palladium advance. Crude oil edged up.

Lukewarm Response to Oil Block Auction in India

123jump.com Staff
12 Oct, 2009
New York City

India received lukewarm response to its latest round oil exploration block auction as world financial crisis limit access to funding. Of the 70 blocks offered, 36 blocks received 76 bids. In the previous seven rounds of auction India attracted $10 billion in exploration investment.

Aussie Dollar Strengthen; Banks Weak

123jump.com Staff
12 Oct, 2009
New York City

Stocks in Australia are expected to trade lower in the early trading. Gold, copper and oil edged higher as expectations for global economic recovery remain high. BHP Billiton offered to explore three offshore oil fields in India. Packer increases his stake in Crown Limited.

Early Gains in U.S. Stocks Fade; Oil Jumps

Mukesh Buch
12 Oct, 2009
New York City

Markets in New York and Europe traded higher ahead of barrage of earnings this week and weak trading on Columbus Day. Black & Decker surged after it lifted its third quarter earnings outlook. Markets in Canada, Brazil and Japan were closed today.

Philips Earnings Lift European Trading Sentiment

Mayank Mehta
12 Oct, 2009
New York City

European markets closed higher as a rally in the region lifted tech and banking stocks. Philips NV reported better than expected earnings. Vivendi SA sued two French shareholders and an association for participating in a class action lawsuit in New York. Dollar trades weak against euro.

Barclays

Mayank Mehta
12 Oct, 2009
New York City

Barclays is planning to sell its risky loans portfolio that may raise

Blackstone, Ryder Rise; KB Home Falls

Mayank Mehta
12 Oct, 2009
New York City

The Black and Decker Corporation led gainers in the S&P 500 index with a rise of 8.1%. Fastenal Co third quarter net income falls 35%. Digital River plunged after Symantec said it will not extend its e-commerce contract. Blackstone Group surged after it plans to list eight portfolio companies.

Sensex Up 2.3%; Indiabulls Power IPO

123jump.com Staff
12 Oct, 2009
New York City

Stocks in Mumbai advanced after Prime Minister reassured investors that economic stimulus will continue. Indiabulls Power initial public offering was oversubscribed five times. Rupee edged higher as international investors increase net exposure to stocks.

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