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U.S. Stocks On Hold; State Street Falls

Mukesh Buch
10 Aug, 2009
New York City

U.S. stocks edged lower ahead of Fed meeting this week. The Fed is expected to leave rates unchanged and leave most of the direct lending programs in place. Consumer bankruptcies increased 34% in July. Freddie Mac surged on a quarterly profit after two years.

European Stocks Weak; Heidelberger Falls

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

European real estate firms declined on weak rents and falling property values. Banks in Italy edged higher. Bourbon SA, the offshore marine service first half revenues increased 11.2%. Heidelberger Druckmaschinen AG finalized its

Resolution Lifts Friends Provident Bid

Mayank Mehta
10 Aug, 2009
New York City

Resolutions revised offer for Friends Provident values the insurer at

Akamai Technologies Q2 Earnings Call Transcript

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

The Internet applications and content delivery solutions provider quarterly revenue increased 5% to $204.6 million. Net quarterly income rose 5% to $36 million due to higher traffic growth in the media and entertainment segment. Earnings per share remained flat at 19 cents.

Barnes & Noble, Freddie Mac Surge

Mayank Mehta
10 Aug, 2009
New York City

Freddie Mac surges after it reported its first profit in two years. The mortgage lender also paid $1.1 billion in dividends to U.S. Treasury. Dish Network surged 10% on better than expected earnings. Best Buy declined on rating downgrade. Barnes & Noble surges 10% on a related party acquisition.

Monsoon Worries Resurface in India

Mayank Mehta
10 Aug, 2009
New York City

Weak monsoon rains may trim the economic expansion by as much as 1% in India. Tata Steel targeted $800 million expansion plan. NHPC Ltd IPO attracts more binds on the second day of subscription. Bharti

Questionable Vocational Education in Australia

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

Australia continues to struggle in eradicating rogue vocational institutions as students from around the world question recent demise of two institutions. Australian education industry is the second largest foreign exchange revenue source and increasingly students are vocal about the quality.

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%.

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