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Sears, PetSmart Fall; AIG Surges

Mayank Mehta
20 Aug, 2009
New York City

Sears Holdings led the decliners in the S&P 500 index with a loss of 13.3%. Barnes & Noble declares quarterly cash dividend. Hot Topic second quarter beat estimates but offers weak outlook. Citi Trends lowers annual earnings outlook. AIG surged after chief executive Benmosche offered positive views.

Fluor Corporation Q2 Earnings Call Transcript

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

The engineering and construction management company second quarter revenue dipped 8% to $5.29 billion and profits fell 19% to $176.4 million aided by a big one-time gain. Earnings per share were 93 cents as against $1.12 in the year ago quarter.

Autodesk Q2 Earnings Call Transcript

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

Autodesk second quarter revenue declined 33% to $415 million, and profit declined 88% to $10.5 million. Earnings per share were 5 cents against 39 cents in the year-ago quarter.Net revenue in third quarter is expected to be in the range of $400 million to $420 million.

Monsoon Revival in India; Stocks Up

Mayank Mehta
20 Aug, 2009
New York City

Mumbai stocks edged higher after revived monsoon rains lowered rain deficit in the northern region of India. Essar Oil is expected to start its natural gas production by the end of the year. Wholesale prices declined according to the latest read.

U.S. Indexes Rise, Oil Up 4%; Shanghai Drops 20%

Mukesh Buch
19 Aug, 2009
New York City

World markets were unnerved after markets in Shanghai dropped 20% from their peaks only two weeks ago. Tighter credit conditions and regulatory regime focused on preventing housing bubble. Stocks in New York edged higher after crude oil inventories declined at the end of last week.

German PPI Drops; VW Plunges

Mayank Mehta
19 Aug, 2009
New York City

German producer prices declined the sharpest in July in six decades. The OECD reported flat economic growth in the second quarter in the 30-member nations. Air France pulled out of Czech Air bid. VW common shares dropped after Qatar agreed to pay lower price.

DR Horton Q3 Earnings Call Transcript

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

The homebuilder quarterly revenue declined 36% to $914.1 million. Net quarterly loss narrowed 64% to $142.3 million helped by lower charges and a benefit from provision for income taxes. The company lost 45 cents a share versus a loss of $1.26 a share a year-ago quarter.

BoE Governor Sought Higher Purchase Limit

Mayank Mehta
19 Aug, 2009
New York City

UK stocks traded sideways. The Bank of England latest minutes showed that Governor King sought higher bond purchase limit which was not approved by the committee. John Menzies issued upbeat outlook for full year. Lookers Plc eliminates dividend on weak results. Rexam rights issue gets 95% bids.

New York Times, BJ's Rise; Yingli Green Drops

Mayank Mehta
19 Aug, 2009
New York City

The New York Times Company led gainers in the S&P 500 index with a rise of 1.9%. BJ

India Stocks Edge Lower; NTC Land Sale

Mayank Mehta
19 Aug, 2009
New York City

Stocks in Mumbai edged lower after estimates of crops were revised lower on weak monsoon. Weak international commodities prices also dragged the sentiment. National Textile Corp may raise as much as $150 million in land sale in Mumbai.

Tokyo Stocks Pointing Higher; Sony Cuts Prices

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

Tokyo stocks are likely to edge higher in the early trading after the strength in world markets. The unexpected surge in confidence index in Germany and better than expected single family home permits in the U.S. is expected to support the market opening.

Retailers, Banks Drive U.S. Indexes Higher

Mukesh Buch
18 Aug, 2009
New York City

Stocks in New York edged higher after banks and retailers gained. Healthcare stocks fell after riding higher in the previous session as the healthcare debate continues. Single family home building permits increased in July but overall construction demand edged lower.

Santos, GDF Suez LNG Venture; Continental AG Up

Mayank Mehta
18 Aug, 2009
New York City

European stocks edged higher in a late rally. Continental AG surged 17% to

UK Inflation Hovers at 1.8%; James Fisher Surges

Mayank Mehta
18 Aug, 2009
New York City

The measure of annual inflation stayed at 1.8% in July matching the rate in June. The pound edged higher after the release of the report. British Land Company decreased 2.5% after it reported quarterly loss. The auto dealer Pendragon Plc declined after a steep fall in sales and profit.

AmEx, BofA, Saks Rise; Delphi Financial Plunges

Mayank Mehta
18 Aug, 2009
New York City

American Express and Bank of America gained after net loss rates for credit card loans declined in July. The TJX Companies fell after it offered cautious outlook for the third quarter. Saks reported net loss in the second quarter. Cardinal Health quarterly net dropped 14%.

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