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United Parcel Q4 Earnings Call Transcript

123jump.com Staff
04 Feb, 2010
New York City

The package delivery company reported revenue declined 2.5% to $12.38 billion in the quarter. Net quarterly income soared 198% to $757 million. Earnings per share rose to 75 cents from 25 cents a year-ago quarter. The company estimates earnings per share between $2.70 and $3.05 for 2010.

Foreign Investors Pour $18 B in India

Mayank Mehta
03 Feb, 2010
New York City

Stocks in Mumbai traded higher after foreign investor continue to pour new funds into stock market. 2009 new fund flows of $18 billion exceed the previous high of 2007. Hindustan Dorr-Oliver looks to expand in nuclear power plant business. INOX buys 43.2% stake in Fame India.

Australian Trade Deficit Up; CSR Spinoff Halted

Darlington Musarurwa
03 Feb, 2010
New York City

Australian trade deficit widens in December as imports increase faster than exports. Federal court rejected CSR plan to spin-off its sugar unit. Australia

Indexes in Shanghai, HK Surge 2% Plus

Mayank Mehta
03 Feb, 2010
New York City

Stocks in Hong Kong closed higher tracking gains in the U.S. Cnooc Ltd surged after it indicated as much as 27% increase in crude oil and natural gas production. Metallurgical Corp of China Ltd. may take as much as 5% for $200 million in Australia based Resourcehouse.

Markets in U.S., Europe Fall After 2-day Rally

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

Stocks in U.S. and Europe declined after weaker than expected growth in service sector. Commodities closed lower with copper and zinc down more than 3% as the dollar gained. Imperial Capital Group postponed its $115 million initial public offering.

Honda, Takeda Drive Tokyo Stocks; Prius Recall

Darlington Musarurwa
03 Feb, 2010
New York City

Tokyo stocks edged higher at close. Earnings at Honda, Mitsubishi UFJ, Takeda Pharmaceuticals and Kobe Steel drove stocks in Tokyo higher. Toyota sales declined 16% in January in the U.S. and expanded its product recall to Japan.

Cadbury Holders Prefer Kraft Shares; BAE Falls

Mayank Mehta
03 Feb, 2010
New York City

UK stocks closed lower and consumer confidence revived in January. BAE Systems declined 2% after the company share losses in the joint fighter plane development program with Lockheed Martin. Autonomy Corp fourth quarter profit rises. Standard Life fourth quarter revenues increased sharply.

European Automakers Gain; Markets Decline

Mayank Mehta
03 Feb, 2010
New York City

European markets closed lower on the persistent worries related to rising deficit at smaller member nations in the EU. Norway left its key lending rate at 1.75%. Electrolux dropped on lower than expected earnings. Vinci fourth quarter revenue declined 4.5%.

News Corp Rises; Walgreen, Ralph Lauren Fall

Mayank Mehta
03 Feb, 2010
New York City

The Western Union Company led the decliners in the S&P 500 index with a loss of 9.2%. Fiserv, Inc fourth quarter net income rises 90%. News Corp lifts 2010 outlook. Comcast Corp fourth quarter profit rises as the revenues gain. Pfizer Inc fourth quarter profit misses expectations.

U.S. Service Sector Weak; Stocks Struggle

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

U.S. stocks declined after service industry expanded at a slower pace in January than estimated. Private sector cut 22,000 jobs according to a latest private survey. Crude oil inventories increased at the end of last week.

Strong Finish in Asia; Honda, Esprit Rise

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

Asian markets rebounded at close. Earnings at Honda, Mitsubishi UFJ and Esprit Holdings drove stocks in Tokyo and Hong Kong higher. The Sensex index in India surged as foreign investors pour money in listed companies.

Electrolux Earnings Drag European Stocks

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

European stocks struggle as investors remain focused on the EU regulators

EU Regulators to Monitor Greece Plan

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

Greece, Spain, Portugal and Italy worries currency traders in Europe. Greece today won an endorsement from the EU regulators as it prepares to lower its deficit sharply in one year. Spain and Portugal will face difficult choices in the next few months.

EMC Q4 Earnings Call Transcript

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

Even though sales and services revenue for fourth quarter grew only marginally to $4.1 billion, EMC net income surged 54% to $426.49 million due to better cost controls and higher service revenues. Earnings per share rose to $0.20 from $0.13 from the year ago quarter.

Piper Jaffray Q4 Earnings Call Transcript

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

The asset management services provider quarterly revenue surged 124% to $132.9 million. Net quarterly income was $12.3 million due to strong growth in investment banking and institutional brokerage revenue. The company earned 63 cents a share compared to a loss of $9.76 a share a year-ago quarter.

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