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India Stocks Down, Jet Airways $400 M Offering

123jump.com Staff
25 Sep, 2009
New York City

Stocks in Mumbai declined led by resource stocks and IT outsourcing companies. Jet Airways board approved $400 million offering. Dr Reddy

European Markets Drift; Club Med Surges

Mayank Mehta
25 Sep, 2009
New York City

European stocks closed lower as investors prepare for the earnings season in two weeks. Club Med surges on media speculation of an impending buyout offer. EADS is looking for extra

UK Stocks Rise; Tate & Lyle, Euromoney in Focus

Mayank Mehta
25 Sep, 2009
New York City

Unilever Plc proposed to acquire Sara Lee global body care and European detergent business for

KB Home, RiM Fall; Sara Lee, AMR Rise

Mayank Mehta
25 Sep, 2009
New York City

Research In Motion declines after earnings disappointed some traders. KB Home fell on earnings. Airlines trade higher after UBS lift rating on AMR Corp. Terra Industries declare one-time cash dividend. Sara Lee increase of global body care division sale to Unilever.

Sara Lee and Unilever in

123jump.com Staff
25 Sep, 2009
New York City

Unilever agrees to acquire Sara Lee personal care business in Europe for

Weak Durable Goods Orders; RiM Plunges

Mukesh Buch
25 Sep, 2009
New York City

Durable goods orders fell 2.4%, second monthly decline in three months. The inventory rebuilding in the last six months had lifted hopes among investors that orders will keep increasing for the rest of the year. Research In Motion Limited plunges 15%.

Japan Stocks Indicate Lower; Weak Banks

123jump.com Staff
24 Sep, 2009
New York City

Stocks in Japan closed higher ahead of G-20 meeting in the U.S. Japan Airlines may need to raise $2.5 billion in the next six months. Sony surged after it announced that it may cut prices of its popular game console. Nomura declined on its plan to raise $5.6 billion.

Karoon Gas Plunges; Australian Stocks Fall

123jump.com Staff
24 Sep, 2009
New York City

Karoon Gas Australia Ltd led the decliners in the S&P ASX 200 index with a loss of 18.7%. Brickworks Ltd full-year sale surges. David Jones Ltd full-year net profit rises. Karoon gas plunges as much as 22% after initial test results of the second well at Browse Basin field were negative.

Inflation in India Rises; Rupee Gains

Mayank Mehta
24 Sep, 2009
New York City

Stocks in India closed nearly unchanged. Finance Minister Mukherjee and RBI Governor send mixed signals regarding interest rate policy. Wholesale price index in the week to Sept 12 increased 0.37% after adding 0.12% in the previous week.

Investors Nervous After August Home Sales

Mukesh Buch
24 Sep, 2009
New York City

U.S. stocks drifted lower as three initial public offering hit the market. Market indexes fell after the release of home sales data in August. Crude oil, copper and silver dropped 4%. Markets in North and South America and in Europe fell between 0.7% and 2.3%.

H&M Drag European Retailers; French Unemployment

Mayank Mehta
24 Sep, 2009
New York City

Retailers in Europe declined after H&M reported weaker than expected earnings rise of 4%. August same store sales fell 11%. Carlsberg A/S declined after Russia lifted duty beginning next year to 2012. France reported 2.55 million people looking for work in August.

London Stocks Drop; Weak LSE Volume

123jump.com Staff
24 Sep, 2009
New York City

UK stocks edged lower after U.S. home sales fell in August. LSE reported 43% decline in average trading value in the first five months ending in August. JJB Sports Plc first half loss widened. Great Portland Estate acquires Central London building for

Red Hat, Vail Rise; Nomura, Hercules Fall

Mayank Mehta
24 Sep, 2009
New York City

Home builders led the decliners in New York trading after the weak home sales report. A123 Systems surged 45% after it priced offering above its offer price range. Red Hat led gainers in the S&P 500 index on rising sales and earnings. Nomura fell after it plans to raise $5.6 billion. Paychex Falls.

A123 Systems Surges 45%

123jump.com Staff
24 Sep, 2009
New York City

The battery developer A123 Systems increased the size of the offering and price to raise $378 million. The loss making company plans to build a Michigan facility to conduct most of its research & development. With more than 23 million shares changing hands, the stock surged 45% in the first hour.

August Home Sales Drop 2.7%

123jump.com Staff
24 Sep, 2009
New York City

Home sales in August fell 2.7% after rising 7.2% in July. The sharp decline sales and prices occur as more foreclosed homes are dumped in the market and mortgage conditions remain tight. Home builders declined with Standard Pacific down more than 6%.

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