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European Indexes Up on German Confidence Data

Mayank Mehta
26 Jan, 2010
New York City

European markets closed higher after business climate index in Germany increased and UK reported its first quarterly gain in seven quarters. Siemens rallies 5% after reporting sector profit increase of 11%. Novartis net surges 49% and appointed new chief executive.

UK Shows First Signs of Economic Growth

Mayank Mehta
26 Jan, 2010
New York City

UK showed first quarterly economic expansion in the last quarter with a rise of 0.1%. The economy shrank 6% in the last six quarters. The GDP declined 4.9% in 2009. UK stocks traded volatile after the weakness in commodities prices.

Sherwin-Williams, MGIC Rise; Cigna Falls

Mayank Mehta
26 Jan, 2010
New York City

United States Steel Corporation led the decliners in the S&P 500 index after it reported fourth quarterly loss in a row. Mortgage insurers increased after MGIC Corp reported lower than anticipated loss. Cigna declined on a downgrade. Sherwin-Williams surged after it offer higher annual outlook.

Coach Q2 Earnings Call Transcript

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

The leather goods maker quarterly revenue rose 11% to $1.1 billion. Net income increased 11% to $241 million driven in part by North American comparable store sales of 3.2% in the quarter. Earnings per share rose to 75 cents from 67 cents the prior-year quarter.

Choppy Trading in New York; Apple, Microsoft Up

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

Stocks in New York wavered after China tightened lending. Apple gained more than 2% after it reported quarterly sales increase of 32% and net surge of 50% and indicated higher than expected revenues in the current quarter. The dollar and yen advanced but gold, oil and copper declined.

China Tightens Lending, World Markets Fall

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

World markets declined after more banks tighten lending in China. The lending in the first two weeks surged to more than $200 billion, nearly 20% of the annual quota. UK barely emerged from the recession that dragged its GDP down by 6% in the previous six quarters.

Australian PPI Drops 0.4%; Stocks Weak

Darlington Musarurwa
25 Jan, 2010
New York City

Australia

Japan Stocks Track Losses in New York

Darlington Musarurwa
25 Jan, 2010
New York City

Foreign visitors to Japan decline 13% to 7.81 million. Bank of Japan to extend emergency loan program. Pioneer Corp plans to raise 20 billion yen in share offering.

Stocks in India Struggle; Godrej Sales Up

Mayank Mehta
25 Jan, 2010
New York City

Stocks in Mumbai traded lower. Crompton Greaves traded at one-year high ahead of bonus issue decision. Indian government plans to raise $3.8 billion from a stake sale in the mining company NMDC. McNally Godrej Consumer Products sales surge 53%.

Apple Net Surges 50%

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

Apple Inc in the after-hours trading edged higher after it reported quarterly earnings of $3.38 billion or $3.67 a share and sales increase of 32% to $15.7 billion.

U.S. Stocks Close Up; Weak Commodities

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

Stocks closed higher in New York after a three-day sell-off. Home sales declined more than estimated in December but increase in 2009, first time in four years. European markets fell more than 1%. Commodoties edged lower and the dollar hovered near its recent highs.

European Markets Drop 1%; Fiat, Ericsson Down

Mayank Mehta
25 Jan, 2010
New York City

European market indexes closed lower more than 1%, however Athens benchmark index surged. Greek government auction of

Weak Trading in UK; Wolseley Up

Mayank Mehta
25 Jan, 2010
New York City

UK benchmark indexes declined more than 1% before recovering after the release of weaker than expected home sales data in the U.S. Broker recommendations led Man Group Plc, Johnson Matthey and Reed Elsevier lower. Resource stocks led the decliners.

Philips, Liberty Global, Arcelor, AK Steel Rise

Mayank Mehta
25 Jan, 2010
New York City

AK Steel Holding Corporation led gainers in the S&P 500 index with a rise of 7.7%. Sealed Air''s adjusted net income hits target. Eaton Corp. fourth quarter net up 29.4% and sales off 10%. CNH Global net drops 75%.

Schlumberger Q4 Earnings Call Transcript

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

The oilfield services provider quarterly revenue declined 16% to $5.74 billion. Net quarterly income slumped 31% to $795 million reflecting a downswing in the Oilfield Services and WesternGeco revenues. Earnings per share dipped to 65 cents from 95 cents a year-ago quarter.

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