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Kroger, Best Buy Drop; Teradyne, Yahoo Rise

Mayank Mehta
15 Sep, 2009
New York City

Best Buy second quarter earnings dropped 22% on 12% decline in revenues. The Kroger declined after latest quarter net fell 8%. eBay and Yahoo gained on ratings revision. Cracker Barrel Old Country Store quarterly net rises 8.6%.

World Markets Rise on U.S., Brazil Retail Sales

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

World markets edge ahead after the release of retail sales and producer prices index. Brazil and U.S. report rising retail sales and German investor confidence in September grows. Japan Airlines is planning to cut 6,800 jobs. Yahoo lowers its stake in the online marketplace operator Alibaba.com.

Retail Sales Rise 2.7%, PPI Up 1.7%

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

After the release of retail sales and producer price index stocks edged higher. Retail sales were driven by 11% surge in auto sales and price index gained on 8% rise in energy prices in the month.

US Treasury Seeks Sale of 33.6% Citi Stake

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

U.S. Treasury is looking to sell its stake in Citigroup at a profit to taxpayers. The government

Japan Exporters Fall as Yen Rises; JAL Soars

Mayank Mehta
14 Sep, 2009
New York City

Stocks in Japan fell as investors worried that the sharp rise in market multiples ahead of sustained economic recovery has lifted stocks to unsustainable highs. Exporters fell after the yen rose to a seven-month high. JAL may strike a deal with Delta or American Airlines to avert bankruptcy.

Chevron to Invest A$43 B in Gorgon; Stocks Fall

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

Stocks in Australia edged lower as investors stayed on the sidelines. Chevron and its partners decided to go ahead with Gorgon project and plan to invest A$43 billion after they lined up customers in China, Japan, India and South Korea.

U.S. Stocks Rebound Higher; Trade Tensions

Mukesh Buch
14 Sep, 2009
New York City

U.S. stocks recovered from the morning losses but dollar, gold and crude oil closed lower. President Obama asked bankers to take responsibilities for their actions. San Francisco Federal Reserve President Yellen sounded cautious note on the economic recovery. U.S. and China trade tensions rise.

Germany Offers Dollar Bonds; Club Med Up

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

European stocks traded sideways as investors stayed on the sideline on stretched valuations. Schneider Electric signed

EcoSecurities Surges 11% on JP Morgan Bid

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

EcoSecurities surged 11% after JP Morgan & Chase subsidiary offers 10% higher than the current bid from Guanabara. Marks & Spencer gains after Morgan Stanley lifts its price target ahead of earnings. The energy metering company Bglobal after it signs a contract with UK subsidiary of Gazprom.

Coeur d'Alene Falls; Sprint Nextel Rises

Mayank Mehta
14 Sep, 2009
New York City

Coeur d

Reliance Industries Seeks Gulf of Mexico Fields

Mayank Mehta
14 Sep, 2009
New York City

Reliance Industries is looking to invest in international oil fields. The largest private sector oil company in India also operates the largest crude oil refinery in the world is also looking to sell stake in some of the international fields including those in Colombia and Middle East.

Indian Oil $12 Billion Expansion

Mayank Mehta
14 Sep, 2009
New York City

Indian Oil Corp plans to invest $12 billion in the next three years to expand crude oil refining capacity. India will begin the 3G wireless auction process on December 7 and hopes to collect $5 billion. Reliance Industries is looking to invest in Brazil and Gulf of Mexico based oil fields.

European Markets Rise; Metro, Areva in Focus

Mayank Mehta
11 Sep, 2009
New York City

European markets closed higher as China reported strong economic data for August. Steelmakers gained. Weak crude oil prices dragged energy companies lower. Banks traded mixed in the region. Air France-KLM advanced after passenger load factors improved. Areva SA prices its euro denominated bonds.

5-Day Rally Halts in New York; Gold, Silver Firm

Mukesh Buch
11 Sep, 2009
New York City

U.S. stocks closed lower after rising for five days in a row. For the week, the Dow increased 1.7%, the S&P 500 added 2.6% and the Nasdaq gained 3.1%. The Dow closed just around the same level where it was on September 10, 2008, the day before the terrorist attacks.

FTSE 100 Index Up 3.3%; 888 Holdings Surges

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

Balfour Beatty wins

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