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Barnes & Noble, Fifth Third Fall; Rambus Surges

Mayank Mehta
14 Aug, 2009
New York City

Barnes & Noble plunges after negative comments from a broker. Abercrombie & Fitch Co declares quarterly dividend. Nordstrom second quarter sales decreased 6% and net profit fell 27%. Rambus surges 10% in weak chip sector stocks.

Rates May Rise in Australia; Leighton Surges

Darlington Musarurwa
14 Aug, 2009
New York City

Governor Stevens of the Reserve Bank of Australia may tighten the rates from the historic lows nearly ten months ago. Australian dollar gained in the backdrop of comments and rising sentiment in the stock market. Leighton surged after positive earnings outlook. PMP reported annual loss.

NVIDIA Q2 Earnings Call Transcript

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

NIVIDIA second quarter revenue dipped 13% to $776.5 million due to costs related to the die/packaging material set issue and loss improved 12.9% to $106.3 million due to cost cutting measures. Loss per share was 19 cents as against a loss of 22 cents in the year-ago quarter.

Services Demand in Japan Rise; Marubeni Surges

Darlington Musarurwa
14 Aug, 2009
New York City

Japanese demand for services increased 0.1% in June as the economic stimulus spurs the demand across the economy. Commodities and resource linked stocks jumped on the expectations of higher Chinese demand. Container ship lines attempt to lift rates ahead of the busiest shipment season.

Monsoon Rains 29% Below Average in India

Mayank Mehta
14 Aug, 2009
New York City

India may be forced to lower its economic target in the current year near 6%. Weak monsoon, rising food prices and resurgent world energy prices may slow the economic expansion. The stocks in India may face head-winds on stretched valuations.

CB Richard Ellis Q2 Earnings Call Transcript

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

CB Richard Ellis revenue was $955.7 million for the second quarter, down 27% from last year. The company posted a loss of $6.6 million or 2 cents per share against profit of $16.6 million or 8 cents per share in the year ago quarter.

Tokyo Stocks Ahead; Resource, Exporters to Lead

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

Stocks in Japan are expected to trade higher after the economies of Germany and France expanded and the benchmark indexes in the U.S. closed higher. A rise in metals and energy prices are also expected to lift resource stocks.

VW and Porsche Merger Agreement

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

The deal between Porsche and Volkswagen will end the merger story that involved two rival founding families and regional governments and several banks in the last four years.

Global Markets Advance

Mukesh Buch
13 Aug, 2009
New York City

Stocks in New York trading edged higher after Wal-Mart earnings exceeded market expectations. July retail sales declined. Weekly jobless claims edged up 4,000. Euro area showed signs of rebound. Volkswagen and Porsche ink deal to merge.

Economic Rebound in Europe; VW, Porsche Feud

Mayank Mehta
13 Aug, 2009
New York City

Euro area economic decline slowed sharply in the second quarter and the economies of Germany, France and Greece expanding. Volkswagen will acquire 42% stake in Porsche. Aegon posts

Prudential, Rio, Anglo American Rise

Mayank Mehta
13 Aug, 2009
New York City

Stocks in UK and Europe gained after economies expanded in the second quarter in France and Germany and the pace of contraction across euro zone declined. The pound strengthened against major currencies. Prudential Plc first half loss narrowed and raised dividend.

AutoZone, Advance Auto Fall; Aegean Marine Rises

Mayank Mehta
13 Aug, 2009
New York City

AutoZone, Inc led the decliners in the S&P 500 index with a loss of 4.2%. Advance Auto Parts second quarter sales and net increased 7%. LDK Solar Co in the second quarter lost $217 million. Wal-Mart edges higher after sales and net edge lower.

Tax Reform Talks Bolster Stocks in India

Mayank Mehta
13 Aug, 2009
New York City

Stocks in India surged after the government proposed to lower individual and corporate taxes to the lowest on record. The simplified and lowered tax regime with vigorous enforcement is expected to widen the taxpayer base from the current 2.5% of population.

Coach Q4 Earnings Call Transcript

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

The leather goods maker sales dipped 1% to $778 million in the quarter. Net quarterly income decreased 32% to $145.8 million. Earnings per share declined to 45 cents from 62 cents a year-ago quarter. Direct-to-consumer sales rose 3% to $683 million during the quarter.

Weak Commodities Drag Japan Stocks

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

Stocks in Japan edged lower on weak commodities prices and stronger yen. In broader trading stocks declined after a rally that lifted the benchmark index more than 40% in ten weeks.

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