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UK Home Prices Edge Up; Trade Deficit Widens

Mayank Mehta
11 Aug, 2009
New York City

UK home prices in June inched higher and number of agents reporting price decline also edged lower in July. Trade deficit widened in June as imports of goods rose at a faster pace than exports. Tata Motors arranged loans without the backing of UK government.

AIG, MBIA and Dynegy Drop

Mayank Mehta
11 Aug, 2009
New York City

MBIA Inc plunged after negative comments and a rating downgrade from JP Morgan. AIG dropped as well after the stock surged in the last ten days of trading. Yum! Brands, Sprint and Dynegy declined on lowered ratings from analysts.

Swine Flu Linked Drug Makers Rise in India

Mayank Mehta
11 Aug, 2009
New York City

Stocks in Mumbai edged higher on positive market sentiment as several companies issued stock splits and reported new orders. Swine flu treatment related generic drug makers were on the most actively traded stocks. Tata Motors secured debt funding for its UK based Jaguar and Land Rover unit.

ConocoPhillips Q2 Earnings Call Transcript

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

ConocoPhillips second quarter earnings dropped nearly 50% to $35.4 billion and profits plunged 76% to $1.3 billion as heavy fuel supplies and weak demand hurt margins. Earnings per share were 87 cents as against $3.50 in the year-ago quarter.

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.

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