ticker

Chinese Surplus Shrinks; Automakers Surge

Mayank Mehta
10 Feb, 2010
New York City

Stocks in Shanghai and Hong Kong closed higher ahead of weeklong Lunar New Year holiday next week. Resource linked stocks and automakers closed higher. Shanghai index for the year is down 9%. China exports surged 21% in January and imports soared 85.5%.

Sensex Falls in India; Iraq Offers More Oil

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

Mumbai stocks closed lower on the worries that stimulus may be withdrawn sooner than expected. Cement makers rise for the second day after cement sales increased 15% in January. Uttam Galva promoters plan to sell 4.9% stake to Arcelor Mittal. Iraq offers to increase crude oil supply by 60% to India.

European Markets, Euro Gain; Sanofi Net Up 12.5%

Mayank Mehta
10 Feb, 2010
New York City

European indexes closed higher ahead of the EU summit and a prospect of a Greek bailout. However, Greece may face tough conditions for any financial assistance. January passenger traffic increased at Fraport AG. PSA Peugeot Citroen full year revenues dropped 11%.

UK Financials Up; Autonomy Drops, ICAP Soars

Mayank Mehta
10 Feb, 2010
New York City

UK financials closed higher ahead of the EU summit tomorrow. BHP Billiton sales declined 17% in the first half. ICAP soared 11% after it was recommended by two brokers. Reckitt Benckiser Group increased 1.7% after it reported higher than expected earnings. Autonomy Corp dropped 5%.

MoneyGram Q4 Earnings Call Transcript

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

The global payment services company reported revenue declined 7% to $296.4 million in the quarter. Net quarterly loss was $3.6 million. The company lost 4 cents a share compared to gains of 22 cents a share the prior-year quarter. Revenue rose 26.4% to $1.17 billion for full-year 2009.

Tiffany, Baidu, Micron Up; ArcelorMittal Drops

Mayank Mehta
10 Feb, 2010
New York City

Tiffany led gainers in the S&P 500 index with a rise of 3.5%. Marsh & McLennan''s quarterly net falls. ArcelorMittal swings to profit but sales decline 16% and estimates lower than expected quarterly sales. Baidu Inc guides higher quarterly sales. Dean Foods Co. adjusted profit below expectations.

December Trade Deficit Up; 2009 Deficit Drops

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

U.S. goods and services deficit increased in December to $40.2 billion from $36.4 billion in November. 2009 deficit dropped to $380.7 billion from $695.9 billion a year ago.

U.S. Stocks Decline, Deficit Up; Greece in Focus

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

U.S. stocks fluctuated after the December trade deficit increased but declined sharply in 2009. For the year deficit dropped to $380.7 billion. Micron Technology agreed to acquire flash chip maker Numonyx Holdings BV for $1.25 billion. ArcelorMittal dropped after it guided lower than expected net.

Machinery Orders in Japan Rise; Shippers Gain

Darlington Musarurwa
10 Feb, 2010
New York City

Japan

Sydney: BHP Sales Decline; CBA Earnings Rise

Darlington Musarurwa
10 Feb, 2010
New York City

BHP sales first sales declined 17.5% but the net surged to $6.1 billion from a year ago period. Australia

Toyota Q3 2010 Earnings Call Transcript

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

Sales rose 10.2% to

Unilever Q4 2009 Earnings Call Transcript

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

Sales fell 5% to

Blackboard Inc Q4 Earnings Call Transcript

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

Blackboard fourth quarter revenue increased 18% to $100 million with net income jumping nearly 300% to $7.7 million. Earnings per share were 23 cents against 6 cents in the prior year quarter. Total year revenue increased 21% to $377 million with net income touching $7.9 million.

China Auto Sales Surge in January; Stocks Up

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

Shanghai and Hong Kong market indexes closed higher as the prospect of Greece bailout by the EU increased. Auto sales in January nearly doubled. ICBC says it tightened lending to property developers. China Overseas Land inks HK$8 billion loan agreement. China Eastern Air completes restructuring.

U.S. Stocks, Metals Rise Ahead of EU Summit

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

The prospect of a Greek bailout by the EU raised hopes for the euro and the wider euro zone. With the barrage of earnings, investors focused on Coca-Cola, Harmon Industries, IAC Interactive, Martin Marietta Materials and Church & Dwight. The euro was in focus as the EU leaders prepare to meet.

Market Update