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Market Update

Stubborn Inflation in India; Hathway IPO

Mayank Mehta
25 Feb, 2010
New York City

Stocks in Mumbai traded lower. Hathway Cable f& Datacom IPO closes 8% below the price. Gammon India secures contract from ISKCON. Crompton Greaves Ltd approves issue of bonus shares. L&T estimated $1.7 billion contracts to build power plants.

Late Rally in NY; Stocks Close Lower

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

U.S. indexes staged a late rally but stopped short of erasing losses. Palm Inc plunged after it estimated sharply lower revenues. Crude oil declined on weak jobs report and durable goods orders were lower than expected. U.S. Fed will review Goldman Sachs credit default swaps on Greece

European Indexes Drop 2%, Greece in Focus

Mayank Mehta
25 Feb, 2010
New York City

European markets fell sharply for the second day after rating agencies joined the chorus of investors urging Greece to meet its deficit target. Italy completed its

UK Stocks Down; RBS, Centrica, GKN Up

Mayank Mehta
25 Feb, 2010
New York City

British American Tobacco profit growth slows. Centrica signs agreement to acquire equity interests in Trinidadian gas blocks, establishing first producing LNG position. Capita Group Plc net income rises 14%. Gammon awarded

California Pizza Q4 Earnings Call Transcript

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

The casual dining restaurant chain reported quarterly revenue increased 3.8% to $167.8 million but full service comparable restaurant sales fell 5.8%. Net quarterly loss widened 86% to $9.9 million. The company lost 41 cents a share compared to a loss of 22 cents a share a year-ago quarter.

United Online Q4 Earnings Call Transcript

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

The Internet holding company reported quarterly revenue decreased 3% to $249.5 million. Net income generated in the quarter was $16.5 million. The company gained 19 cents a share compared to a loss of $1.68 a share the prior-year quarter.

Coca-Cola Enterprises Rises; GameStop Plunges

Mayank Mehta
25 Feb, 2010
New York City

Coca-Cola Enterprises Inc led gainers in the S&P 500 index with a rise of 34%. GameStop drops 8% after chief financial officer resigns to join international arm of Wal-Mart Stores. True Religion and MetroPCS report earnings ahead of expectations.

Coca-Cola Buys N. American Bottling Operations

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

Coca-Cola Company agreed to acquire North American bottling operations from Coca-Cola Enterprises Inc. CCE shareholders will receive $10 in cash and one share in a new entity with the European bottling operations only. Coca-Cola

S&P 500 Index Drops 1%; Weak Durable Orders

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

U.S. stocks trade lower after durable goods orders declined in January excluding transportations orders. Weekly jobless claims increased 22,000 and insured unemployment rate was unchanged at 3.5%.

U.S. Indexes Close Higher on Bernanke Stance

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

Stocks bounced around but closed higher after Fed Chairman Bernanke said rates are likely to remain for a long time. New Home sales in January plunged to the lowest since record keeping began in 1963 and declined 6.5% from a year ago. Akio Toyoda aplogized to U.S. lawmakers for quality problems.

HK GDP Shrank 2.7%; Luxury Home Tax Up

Mayank Mehta
24 Feb, 2010
New York City

Hong Kong fourth quarter GDP increased 2.3% and for 2009 shrank 2.7% on 12.6% decline in exports. Hong Kong increased stamp duty on luxury homes. Cathay Pacific and Air China negotiate air cargo venture. U.S. impose 12% duty on Chinese steel pipes covering $382 billion of imports.

UK Indexes Higher; Carnival, BlueBay Rally

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

UK indexes closed higher. Royal Bank of Scotland plans to award

Europe: Accor, Fresenius Rhodia Rise

Mayank Mehta
24 Feb, 2010
New York City

European markets closed higher on stronger than expected earnings from Rhodia, Fresenius and Vallourec. Industrial new orders in December increased, surprising most economists. French jobless rolls increased to 2.66 million.

H&R Block, Garmin Plunge; Bowne Soars

Mayank Mehta
24 Feb, 2010
New York City

H&R Block, Inc plunged 15% after the company said it will not meet its 2010 estimates. Bowne & Co. soared 60% after it agreed to be acquired by Donnelley & Sons Co. Dolan Media Co sees revenue above estimates. Eaton Vance profit jumps 87%.

Nikkei in Tokyo Drops 1.5%, Exports Surge

Mayank Mehta
24 Feb, 2010
New York City

Japan exports in January surged 40.9% and recorded a trade surplus of 85.2 billion yen defying the expectations of deficit. Exports to Asia increased 68%. Showa Shell Sekiyu K.K led the decliners in the Nikkei 225 Stock Average with a loss of 9.8%.