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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%.

Rates in Australia; Amcor, Rio Tinto Deal

Darlington Musarurwa
18 Aug, 2009
New York City

Reserve Bank of Australia highlighted that risks to global economies are reduced but not declined. The latest monetary policy committee meeting suggested that bank is worried about too accommodative interest rate regime. Amcor Ltd offered $2 billion to acquire the packaging unit of Rio Tinto.

Sensex in India Rebounds on Monsoon Hopes

Mayank Mehta
18 Aug, 2009
New York City

Stocks in Mumbai rebounded 1.6% after late monsoon rains in key agriculture states. Foreign investors continue to increase their exposure to India. Bharti Airtel advanced after several banks approached the telecom carrier to fund the MTN Group Ltd.

Cisco Systems Q4 Earnings Call Transcript

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

The computer networking gear maker net sales declined 18% to $8.54 billion in the quarter. Net quarterly income slumped 46% to $1.1 billion. Earnings per share plummeted to 19 cents from 33 cents a year-ago quarter. Net sales for the fiscal year 2009 fell 9% to $36.1 billion.

World Markets Fall; Copper, Gold, Oil Drop

Mukesh Buch
17 Aug, 2009
New York City

World stock markets fell. Commodities linked Brazil, Canada and Australia declined sharply after Shanghai benchmark index plunged more than 5%. In New York tech stocks dropped but healthcare insurance stocks closed higher. Crude oil, copper and gold fell. Yields on Treasuries declined.

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