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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%.

India Bond Auction, Yields Rise

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

Indian government carried out its $2.5 billion bond auction and plans to raise $60 billion in the next four weeks ahead of corporate borrowing season. Five-year and ten-year bonds dropped as yields hovered at 6.82% and 7% respectively. The bank employees commenced two-day strike.

U.S. Stocks Decline; Fannie Mae Seeks $10.7 B

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

U.S. stocks edged lower as investors digested rising unemployment and weak same store sales. Fannie Mae is seeking additional $10.7 billion from the U.S. Treasury and indicated that it many need more assistance in the future.

Europe, UK Rates On Hold; Veolia Drops

Trupti Mehta
06 Aug, 2009
New York City

The European Central Bank left its reference lending rate at 1% and did not expand its bond purchase program. German factory orders increased 4.5% in June, fourth monthly gain on growing export orders. Veolia Environnment SA dropped 8% after it reported net income declined more than 45%.

Visa Q3 Earnings Call Transcript

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

The electronic payment network reported quarterly revenue rose 2% to $1.65 billion. Net quarterly income soared 73% to $729 million as recent cost-cutting helped offset declining payment processing volume. Earnings per share surged to 97 cents from 51 cents a year-ago quarter.

BoE Expands Bond Buys; Aviva, Unilever Up

Mayank Mehta
06 Aug, 2009
New York City

The Bank of England expanded its bond purchase program by

Metro PCS Plunges; Brinker International Drops

Mayank Mehta
06 Aug, 2009
New York City

MetroPCS Communications, Inc led the decliners in the S&P 500 index with a loss of 27.5%. AmeriCredit posts fourth quarter profit. Eagle Bulk Shipping Inc second quarter earnings fall.

Leading Indicators Up in Japan; Nikon Plunges

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

The index of leading indicators in Japan surged in June on rising consumer confidence and investor sentiment. Nikon plunged 10% after it offered weak outlook. Rising metals prices lifted resource stocks. Kirin revises its annual revenues and earnings outlook.

NHPC IPO; NMDC Stake Sale in India

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

Rising mega IPO issues may soak liquidity from Indian market. NHPC Ltd, the largest hydroelectric company announced a plan to raise 6,000 crore rupees. The state controlled NMDC is preparing to sell 5% stake in the mining company.

New Issues Dominate World Markets; AIG Soars

Mukesh Buch
05 Aug, 2009
New York City

With the worldwide market strength the initial public offerings are slowly making a comeback in the U.S., Brazil, China and India. China based offering drew bids more than 100 times offer size. Earnings dominated trading sentiment in New York.

Deutsche Boerse Drops; AXA, Adidas Surges

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

European benchmark indexes traded sideways. AXA net in the first half declined 39%. Deutsche Boerse dropped 6.5% after net dropped 33% in the first half. Swiss Re reported quarterly net loss.

China Stocks Rest; Everbright IPO

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

Hong Kong and Shanghai indexes edged lower. Everbright Securities initial public offering was oversubscribed more than 100 times. China Railway Construction garnered orders worth $700 million.

Weak Earnings at Isuzu, Nikon, Inpex

Mayank Mehta
05 Aug, 2009
New York City

Stocks in Japan edged lower on weak earnings from NTT, Nikon and Isuzu. Inpex, the crude oil refiner quarterly profit plunged 48%. Fast Retailing dropped after same store sales at one of its retail chains declined in July.

Fresh Del Monte Q2 Earnings Call Transcript

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

Fresh Del Monte sales for the quarter were up marginally to $978.4 million but earnings rose 27% to $52.2 million pushed by industry wide shortage of bananas and higher prices. Earnings per share were 82 cents as against 66 cents in the year ago quarter.

Las Vegas Sands Q2 Earnings Call Transcript

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

The casino operator net quarterly revenue declined 4.8% to $1.06 billion. Net quarterly income slumped 72% to $8.8 million. Earnings per share was 1 cent compared to 9 cents a year-ago quarter. The company estimates to generate $500 million in annualized savings through its cost savings programs.

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