ticker

Fortescue Profit Surges; Australian Universities

Darlington Musarurwa
10 Aug, 2009
New York City

Australian home loans increased 0.3% to A$23.1 billion. Fortescue Metals reported net annual profit on a rise in iron ore production. Bank stocks fell ahead of earnings from Commonwealth Bank. Julia Gillard, the Australian Education Minister fails to act on universities that lack credentials.

Valero Energy Q2 Earnings Call Transcript

123jump.com Staff
09 Aug, 2009
New York City

Oil refiner Valero reported about 50% drop in earnings in second quarter to $17.93 billion and net loss of $254 million or $0.48 per share, which compares to $734 million of net income or $1.37 per share in the second quarter of 2008.

McKesson Corporation Q1 Earnings Call Transcript

123jump.com Staff
08 Aug, 2009
New York City

Drug wholesaler McKesson first quarter revenues were flat at $26.7 billion. Net income in the quarter grew 23% to $288 million helped by strong cost controls, while earnings per share of $1.06 were up 28%, from $0.83 a year ago.

U.S. Payroll Report Lift World Markets

Mukesh Buch
07 Aug, 2009
New York City

Less than expected decline in payrolls in July bolstered investor sentiment and lifted market indexes in Americas and Europe. AIG surged after it returned to quarterly profit. CBS, D R Horton and American Express advanced on recommendations. RBS in UK record rising bad debts.

German Exports Rise 7%, Peugeot Drops

123jump.com Staff
07 Aug, 2009
New York City

European stocks edged higher. German exports in June increased 7% and trade surplus increased to

UK PPI Rises; RBS Plunges 12%

Mayank Mehta
07 Aug, 2009
New York City

UK producer price index in July increased 0.3% from June but declined 1.3% from a year ago. Royal Bank of Scotland said that results will not improve till 2011 and bad debt provision increased

Chiquita, Crocs, CBS Surge

Mayank Mehta
07 Aug, 2009
New York City

CBS Corporation led gainers in the S&P 500 index with a rise of 22.9%. AIG quarter returns to net profit. Chiquita Brands and Crocs Inc results beat estimates. Blue Nile quarterly sales declined 5.2% and net dropped 12.5%. California Pizza Kitchen revenues decreased 3.2% and net income dropped 7%.

Tokyo Stocks Edge Lower; Konica, Kubota Drop

123jump.com Staff
07 Aug, 2009
New York City

Elipda Memory surged in Tokyo trading on the expectations of government funding. Konica Minolta net plunged 98% in the first quarter. Bridgestone revised its quarterly ordinary income higher. Japan Airlines revenues plunged 32%.

India Bond Auction, Yields Rise

123jump.com Staff
07 Aug, 2009
New York City

Indian government carried out its $2.5 billion bond auction and plans to raise $60 billion in the next four weeks ahead of corporate borrowing season. Five-year and ten-year bonds dropped as yields hovered at 6.82% and 7% respectively. The bank employees commenced two-day strike.

U.S. Stocks Decline; Fannie Mae Seeks $10.7 B

123jump.com Staff
06 Aug, 2009
New York City

U.S. stocks edged lower as investors digested rising unemployment and weak same store sales. Fannie Mae is seeking additional $10.7 billion from the U.S. Treasury and indicated that it many need more assistance in the future.

Europe, UK Rates On Hold; Veolia Drops

Trupti Mehta
06 Aug, 2009
New York City

The European Central Bank left its reference lending rate at 1% and did not expand its bond purchase program. German factory orders increased 4.5% in June, fourth monthly gain on growing export orders. Veolia Environnment SA dropped 8% after it reported net income declined more than 45%.

Visa Q3 Earnings Call Transcript

123jump.com Staff
06 Aug, 2009
New York City

The electronic payment network reported quarterly revenue rose 2% to $1.65 billion. Net quarterly income soared 73% to $729 million as recent cost-cutting helped offset declining payment processing volume. Earnings per share surged to 97 cents from 51 cents a year-ago quarter.

BoE Expands Bond Buys; Aviva, Unilever Up

Mayank Mehta
06 Aug, 2009
New York City

The Bank of England expanded its bond purchase program by

Metro PCS Plunges; Brinker International Drops

Mayank Mehta
06 Aug, 2009
New York City

MetroPCS Communications, Inc led the decliners in the S&P 500 index with a loss of 27.5%. AmeriCredit posts fourth quarter profit. Eagle Bulk Shipping Inc second quarter earnings fall.

Leading Indicators Up in Japan; Nikon Plunges

123jump.com Staff
06 Aug, 2009
New York City

The index of leading indicators in Japan surged in June on rising consumer confidence and investor sentiment. Nikon plunged 10% after it offered weak outlook. Rising metals prices lifted resource stocks. Kirin revises its annual revenues and earnings outlook.

Market Update