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China Reserves Above $2 Trillion; FDI Drops

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

Metals and shipping related stocks in Shanghai surged and banking and financial service sectors closed higher in Hong Kong. China

Goldman Sachs Q2 Earnings Call Transcript

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

The bank holding company reported net revenues rose 46% to $13.8 billion in the quarter. Net quarterly earnings surged 65% to $3.4 billion helped by record revenues in fixed income, currency and commodities unit. Earnings per share increased to $4.93 from $4.58 a year-ago quarter.

Yum Falls; Bemis, Gannett, Intel Rise

Mayank Mehta
15 Jul, 2009
New York City

YUM! Brands fell 7% after it reported earnings. The mutual funds manager Janus declined after its chief resigned and company plans to raise capital. Gannett gained after it returned to profit.

BoJ Lowers Outlook; Mizuho Prices Offering

Mayank Mehta
15 Jul, 2009
New York City

Mizuho Financial set the 530 billion yen offering price at 184 yen a share. The Bank of Japan extended by three months its emergency lending program to December and lowered its economic outlook for this year and the next year.

Indian Stocks in 2-Day Rally; Adani Surges

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

The Sensex index in Mumbai gained 6% or 852 in last two days. Metal stocks shine on rally in LME metal prices. Adani Enterprises Limited and Mundra Port & SEZ Ltd surged after Adani Power Ltd filed to raise $450 million.

H&R Block Q4 Earnings Call Transcript

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

The largest U.S tax preparer fourth quarter revenue dipped 3% to $2.47 billion but profit surged 30% to $706.9 million on higher fees and more returns offsetting reduction in tax returns. Earnings per share were $2.09 as against $1.66 a year go.

Intel Tops Views; Reports Loss on EU Charges

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

Intel sales increased 12% sequentially in the second quarter but reported a loss on a charge of $1.45 billion related to the European Union fine. Earnings without the charges were $1 billion, up from $420 million in the first quarter and down $552 million from the second quarter a year ago.

World Markets Focus on Goldman, Retail Sales

Sarla Buch
14 Jul, 2009
New York City

Banks and financial brokers rallied after Goldman Sachs reported sharply higher earnings in the second quarter. Retail sales in May increased 0.6% and inventories declined 1%. Dell Inc fell on earnings worries and CSX increased after it reported in-line earnings.

Software AG, IDS Scheer Merger in Germany

Mukesh Buch
14 Jul, 2009
New York City

Banks and automobiles makers stocks gained in European trading. The sharply higher earnings from Goldman Sachs in New York lifted banking stocks in Europe and UK. Software AG proposed to acquire IDS Scheer AG in a bid that values the company at 477 million euros.

Miners Rally in London; Britvic Rises 3%

Trupti Mehta
14 Jul, 2009
New York City

Mining stocks rally in London lifted FTSE 100 index higher. Britvic Plc edged up 3% after it estimated higher than expected annual earnings. The industrial chain maker Renold dropped 7% after full year earnings plunged 72%.

Tokyo Stocks Rebound; Hisamitsu in Noven Deal

Darlington Musarurwa
14 Jul, 2009
New York City

Stocks in Japan rebounded after a sell-off that has lasted two weeks. Banks, securities and commodities companies closed higher. Hisamitsu Pharmaceuticals agreed to acquire Miami, Florida based Noven Pharmaceuticals for $430 million. Nissan surged after it increased production in China.

Family Dollar Stores Q3 Earnings Call Transcript

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

The discount retailer net quarterly sales rose 8.3% to $1.84 billion on comparable store sales growth of 6.2%. Net quarterly income increased 35.5% to $87.7 million propelled by strong consumables category performance. Earnings per share surged to 62 cents from 46 cents a year-ago quarter.

Dell, Take-Two Interactive Plunges

Mayank Mehta
14 Jul, 2009
New York City

CIT Group Inc led gainers in the S&P 500 index with a rise of 24.4%. Bank of the Ozarks, Inc second quarter net up 10%. The Goldman Sachs Group second reported quarter net and compensation surges. Novellus Systems second quarter net loss.

Record Dailly Gains in Australia; Cochlear Drops

Mayank Mehta
14 Jul, 2009
New York City

Australian stocks recorded single day best gain in the last seven months on a global rally in stocks and optimism of better earnings. However, trading volumes were thin. Energy Resources, the largest uranium miner reported 44% increase in output. Cochlear plunged declined 4% after earnings.

Goldman Sachs Record Revenues, Compensation

Trupti Mehta
14 Jul, 2009
New York City

Goldman Sachs reported second quarter revenues surged 46% to $113.76 billion and net earnings soared 89% to $3.45 billion. The corporations around the world took opportunity to raise capital in stocks and debt offering lifting underwriting revenues in the quarter.

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