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Global Earnings: Lowe's, Fiat, EADS, Lonmin

Mukesh Buch
16 Nov, 2009
New York City

Lowe

U.S. Stocks Rise on Retail Sales, APEC

Mayank Mehta
16 Nov, 2009
New York City

U.S. stocks traded higher after the release of October retail sale. The sales increased 1.4% from the revised September sales decrease of 2.3%. Lowe

Australian Dollar Firm; Kathmandu IPO

Mayank Mehta
13 Nov, 2009
New York City

Australian stocks closed lower on Friday but up 2.5% for the week. Outdoor equipment retailer Kathmandu Holdings raised A$340 million. Gold miner St Barbara raised A$73 million.

U.S. Indexes Retain Positive Bias

Mukesh Buch
13 Nov, 2009
New York City

U.S. stocks closed higher and Treasury completed its $81 billion bond auction. U.S. trade deficit increased in September with the rise in crude oil imports. Gold traded near record high. Euro-zone expands.

Euro-zone Expands; Dexia Swings to Profit

Mayank Mehta
13 Nov, 2009
New York City

The euro zone economy expanded at 0.4% in the 16-nation region and at 0.2% in the wider 27-nation region. Economies in Germany expanded at 0.7%. Mondadori Editore nine months net profit falls 54%. Benetton Group third quarter net up on higher sales. Dexia swings to third quarter profit.

Property Stocks Gain in UK

123jump.com Staff
13 Nov, 2009
New York City

UK stocks traded sideways and commodities prices were volatile. Real estate companies closed higher after a private research reported a rise in commercial properties values in October. British Air signed a definitive merger agreement with Spain based Iberia. Tullett Prebon plunged 12%.

Liberty Media to Acquire Unity Media

123jump.com Staff
13 Nov, 2009
New York City

Liberty Media acquires Unitymedia for

Abercrombie, Goodyear Rise; Nordstrom Falls

Mayank Mehta
13 Nov, 2009
New York City

The Goodyear Tire & Rubber Company led gainers in the S&P 500 index with a rise of 6.7%. Abercrombie & Fitch Co declares quarterly dividend. Agilent Technologies, Inc fourth quarter earnings fall 89%. Nordstrom, Inc third quarter sales rise.

U.S. Trade Deficit Rises; Stocks Struggle

123jump.com Staff
13 Nov, 2009
New York City

U.S. trade deficit in September as demand for auto parts picks up and crude oil prices rise. Monthly deficit surges to the high for the year to $36.5 billion. Walt Disney fourth quarter earnings increased 18%. Abercrombie & Fitch net drops 39%. European markets turn lower.

Govt Stake Sale Talks Lift India Indexes

Mayank Mehta
13 Nov, 2009
New York City

Mumbai stocks gained after the finance ministry enlisted sixty companies for a stake sale. Ranbaxy strengthens after the World Health Organization approves its AIDS drug. Usha Martin plans to raise Rs 500 crore. TCS plan to build a software service center in Michigan for Dow Chemical.

K+S, Stada Arzneimittel, Peugeot Up in Europe

Mayank Mehta
12 Nov, 2009
New York City

European markets closed lower on weak commodities. Potash maker K+S AG increased on better than expected earnings. Salzgitter AG declined on a loss for nine month period. Stada Arzneimittel AG quarterly net surged and reconfirmed the annual earnings outlook.

British Air, Iberia Merge

Mayank Mehta
12 Nov, 2009
New York City

UK stocks closed higher. British Airways is in merger talks with Iberian, Spain based airliners. Iberian shareholders will control 45% of the merged airline and 54% holding will be controlled by BA shareholders. Trinity Mirror climbed on the outlook.

U.S. Indexes Close Lower on Weak Oil

Mukesh Buch
12 Nov, 2009
New York City

Market indexes in New York and Americas declined on weak commodities and energy prices. 3Com surged 31% on a buyout offer from Hewlett Packard. Dow Chemical advanced after it estimated higher than expected earnings.

3Com, AMD, Dow Chemical Rise

Mayank Mehta
12 Nov, 2009
New York City

Advanced Micro Devices, Inc led gainers in the S&P 500 index with a rise of 21.8% followed by gains in Dow Chemical 7.1%, in JDS Uniphase of 7.1%, in MetroPCS Communications, Inc of 2.4% and in Nasdaq OMX Group of 2.4%.

U.S., World Stocks Lackluster; Jiabao Comments

Mayank Mehta
12 Nov, 2009
New York City

U.S. indexes traded sideways after comments from world leaders in Asia. Chinese Premier Jiabao observed that world economic recovery will be uneven and slow. U.S. Treasury Secretary Geithner said that early progress is made in solving world economic imbalances.

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