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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.

Peabody Energy Q4 2009 Earnings Call Transcript

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

Revenues fell 18% to $1.55 billion and net income fell 68.5% to $92.2 million or 34 cents per diluted share. Operating costs and working capital to generate operating catch flow of more than $1 billion and raised dividend for the fifth time since IPO.

Macau Casino Revenues Surge 65%; HK Stocks Up

Mayank Mehta
02 Feb, 2010
New York City

Stocks in Hong Kong and Shanghai diverged. Hong Kong retail sales increased 16% in December and home sales surged in January. Gross casino revenues in Macau soared 65% in January. Securities regulator approves rights issue of China Merchants Bank.

Australian Rates on Hold; Woodside Up

Darlington Musarurwa
02 Feb, 2010
New York City

Reserve Bank of Australia left its key lending rate unchanged at 3.75%. Australian business confidence fell in December. Hill Industries profits rise 40%. Woodside Petroleum increased nearly 4% after workers at Pluto natural gas project ended an eight-day strike.

Second Day Gain of 1% in S&P 500 Index

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

U.S. indexes added more than 1% for the second day. Indexes closed lower at the end of three weeks in a row. Crude oil rebounded and hovered near $77 a barrel. Home builders gained after the index of pending home sales increased and D.R. Horton reported its first quarterly profit since 2007.

Nomura Profit Lifts Japan Stocks

Darlington Musarurwa
02 Feb, 2010
New York City

Average monthly wages in Japan drop 3.9% in 2009. Nomura returned to profit in the third quarter as banks issue more shares in underwritten offering. Mitsubishi Electric Corp reported its first quarterly profit in five quarters. Daihatsu Motor Corp. lifts profit forecast to 15 billion yen.

India Stocks Decline Ahead of NTPC Divestment

Mayank Mehta
02 Feb, 2010
New York City

Stocks in Mumbai declined ahead of NTPC divestment tomorrow. Motorcycles and auto makers report surging sales in January. Cement makers report stronger than expected sales in the previous month.

Greece Wins EC Support; Miners Advance

Mayank Mehta
02 Feb, 2010
New York City

European producer prices in December edged up from November but declined in every month in 2009. The monthly decline is the longest stretch of decline in ten years. Greek bond yields increased. Belgian telecom operators declined after the regulator sough lower termination fees.

UK: Construction Expands; BP Falls on Earnings

Mayank Mehta
02 Feb, 2010
New York City

BP Plc declined after it reported lower than expected continuing operating income. Net investment flows picked up in 2009 and exceeded previous record of

Whirlpool, Barnes & Noble, Lexmark Rise

Mayank Mehta
02 Feb, 2010
New York City

Whirlpool Corp surged after it offered better than expected 2010 outlook. Barnes & Noble soared on a possible buyout from activist investor Ron Burkle. Ann Taylor reported better than expected sales. Comsys IT agreed to be acquired by Manpower.

U.S. Stocks, Home Builders Rise

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

U.S. stocks and commodities traded higher. Barnes & Noble increased after activist investor Ron Burkle sought to increase his stake in the book retailer to 37%. Index of pending home sales increased 1%. Earnings lifted stocks of D.R. Horton and Lexmark International.

Markets in Asia, Europe Higher on Earnings

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

Markets in Asia closed higher tracking gains in the U.S. European markets advanced at mid-day. December industrial producer price index increased 0.1% in November. Australia left its key lending rate unchanged at 3.75%.

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