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U.S. Rally Lifts Global Markets

123jump.com Staff
22 Mar, 2010
New York City

U.S. stocks closed higher after the passage of healthcare bill removed an overhang on the pharmaceutical industry and health insurance providers. Markets in Latin America and Europe rebounded. The dollar gained and commodities closed mixed.

London: Wolseley, Regus, Shell and ICAP

Mayank Mehta
22 Mar, 2010
New York City

UK benchmark index and commodities traded sideways. Royal Dutch Shell and Petro China agree to acquire Australia based Arrow Energy Ltd. ICAP Plc will shut down its cash equities trading business. Wolseley Plc may shut businesses that fail to perform.

Greece in Focus; Euro Weakens

Mayank Mehta
22 Mar, 2010
New York City

European leaders are increasingly divided to offer financial assistance to Greece. Greece has

Tenet, Health Management Rise; Tiffany Falls

123jump.com Staff
22 Mar, 2010
New York City

Tenet Healthcare Corporation led gainers in the S&P 500 index with a rise of 7% after the passage of landmark healthcare bill. Drug makers traded higher and health insurers are mixed. Consol Energy Inc. enters into agreement with CNX Gas shareholder.

U.S. Pass Healthcare Bill; Insurers Decline

123jump.com Staff
22 Mar, 2010
New York City

The U.S. House passed after much debate and rancor sweeping changes to healthcare coverage. The legislation passed with 219-212 vote will expand the coverage to 32 million people. Hospital chain operators and drugmakers increased but healthcare insurers declined. The dollar edged up.

Guess, Inc Q4 Earnings Call Transcript

123jump.com Staff
22 Mar, 2010
New York City

Guess Inc fourth quarter operating earnings jumped 76.3% to $120.7 million driven by higher sales. Net earnings also jumped 80% to $86.6 million due to improved margins. Earnings per share were $.093 against $0.51 in the year ago quarter. Company increased cash dividend by 28%.

Costco Q2 2010 Earnings Call Transcript

123jump.com Staff
22 Mar, 2010
New York City

Sales rose 11.5% to $18.36 billion & net income rose 25% to $299 million or $.67 a share. comp sales figure was up 9%. Overall reported gross margin was higher year over year by the 26. Operating income was up 18% year over year from $399 million to $470 million or an increase of $71 million.

Chalco, Rio Venture in Africa; Orient Loss

Mayank Mehta
19 Mar, 2010
New York City

Indexes in Hong Kong rallied after property developers and resource stocks gained. Chalco surged in HK and in Shanghai trading after the parent agreed to an investment of $1.4 billion in a joint venture with Rio Tinto Plc in an iron ore mine in Guinea. China Eastern gets ready to take 30 new planes.

Sydney: Fortescue, Mirvac, Rio Tinto

Darlington Musarurwa
19 Mar, 2010
New York City

Rio Tinto and Chinalco to jointly develop Simandou iron ore project in Guinea. The securities regulators approve a rival trading platform to ASX Ltd. Amcor faces A$697 million lawsuit. Mirvac Group completes the A$150 million debt offering.

Japan Power Demand Surges; Dai-ichi IPO

Darlington Musarurwa
19 Mar, 2010
New York City

Stocks in Tokyo closed higher as the prospect of economic and exports recovery solidify. Japan

Fed Unwinds Stimulus; World Markets Slip

123jump.com Staff
19 Mar, 2010
New York City

Federal Reserve took another step to unwind emergency steps takes during the late August. The Fed removed the exemption given to six large banks to add liquidity and sustain trading in mortgage and asset backed securities. Investors in Europe await resolution on Greece bailout.

Banks in London Up on Lloyds; CPP IPO

Mayank Mehta
19 Mar, 2010
New York City

UK stocks edged up after Lloyds indicated return to profitability this year on lower loan loss charges. CPP Group surged 11% on its first day of trading. African Barrick Gold closed near its spin off price.

Greece, IMF, ECB, Germany, France Haggle

Mayank Mehta
19 Mar, 2010
New York City

European markets and the euro declined as Greece and European leaders struggle to structure the bailout. Increasingly, the International Monetary Fund is viewed as a lender of last resort. Greek unemployment surged above 10%. Pfleiderer AG 2009 sales dropped 21%.

Palm, SanDisk, Sapient Drop; Baidu Rises

Mayank Mehta
19 Mar, 2010
New York City

SanDisk Corporation led the decliners in the S&P 500 index. Palm reduces net loss after sales surge but the stock drops 14%. SunPower plunges. Boeing accelerates production to meet demands. Sapient Corp reports quarterly net and revenues above expectations.

RBI in India in a surprise Rate Hike, Bharti Up

Mayank Mehta
19 Mar, 2010
New York City

Reserve Bank of India raised its key lending rate by 25 basis points to cool the inflation that has been inching close to 18% and hovering near 16-month high. Bajaj Auto revs its plan to launch a small car to meet the growing demand.

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