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In Europe Celesio, Lafarge, Holcim Rise

123jump.com Staff
29 Jun, 2009
New York City

European stocks closed higher as confidence increased on optimistic outlook for the regional economy. Celesio acquired controlling stake in the largest Brazilian drug wholesaler. Lafarge and other cement makers increased after a German court lowered the antitrust fine.

UK Lending Stalls; National Express Soars 9%

123jump.com Staff
29 Jun, 2009
New York City

UK stocks closed higher in weak trading. Gross mortgages issued in May matched the lows last seen in 2000 at

Exxon, SLM Corp Rise; Biogen, State Street Drop

Mayank Mehta
29 Jun, 2009
New York City

SLM Corp led gainers in the S&P 500 index with a rise of 6.2%. Alcoa Inc continues penetration in oil and gas market. Biogen Idec Inc reports tent case of brain infection. Oil companies traded higher as crude oil price climbed.

U.S. Stocks Up, Higher Oil; BIS Inflation Alarm

123jump.com Staff
29 Jun, 2009
New York City

The Bank for International Settlements that holds reserves of its central bank members highlighted risks of inflation as banks may be slow in withdrawing stimulus to the economies around the world.

Teppco Agreed to Revised $3.3 B Offer

123jump.com Staff
29 Jun, 2009
New York City

Teppco agreed to be acquired by Enterprise Products Partners to create one of the largest energy in the mid-stream segment of the market. The revised offer values each unit of Teppco at $31.36. The deal creates one of the largest and healthy partnerships to transport crude oil and natural gas.

Tokyo Stocks Down; Mizuho, Daiwa Offerings

Darlington Musarurwa
29 Jun, 2009
New York City

Tokyo benchmark index fell 1% Daiwa Securities planned to raise $2.4 billion and Mizuho Financial Group plans to raise $6.2 billion. The industrial production index in May increased 5.9% in Japan. Shipping lines, brokerages and real estate companies led the decliners.

Suzlon Net Drops; Mahindra Holidays IPO

Mayank Mehta
29 Jun, 2009
New York City

Mumbai stocks traded sideways. Tata Motors dropped after it reported annual net loss. Suzlon net declined 10% and plans to raise $1 billion. Mahindra Holidays & Resorts IPO was oversubscribed ten times.

Oracle Q4 Earnings Call Transcript

123jump.com Staff
28 Jun, 2009
New York City

The software maker sales decreased 5% to $6.86 billion in the quarter. Net quarterly income declined 7% to $1.89 billion impacted by a stronger dollar and lower sales. Earnings per share dipped marginally to 38 cents from 39 cents a year-ago quarter.

Research in Motion Q1 Earnings Call Transcript

123jump.com Staff
27 Jun, 2009
New York City

The BlackBerry maker first quarter revenue jumped 53% to $3.42 billion helped by strong sales of smartphones. Net income rose 33% to $643 million. Earnings per share were $1.12 as compared to $0.84 a year ago.

European Markets Lower; Sanofi Drops 8%

Darlington Musarurwa
26 Jun, 2009
New York City

German inflation hovered near zero in June and French consumer confidence increased but still remained lower. First quarter French GDP decreased 1.2%. Sanofi-Aventis dropped 8.1% after European study group of diabetes suggested more research to investigate linkage between Lantus insulin and cancer.

U.S. Savings Rate Surges; Dollar Declines

Mukesh Buch
26 Jun, 2009
New York City

The U.S. dollar declined after China called for a world currency that is not tied to any country. The bond yields dropped after savings rate surged to 15-year high. Consumer prices in Japan fell sharply in May prompting worries that deflation may be anchoring in the economy.

Jaguar Land Rover Job Cuts; Berkeley Net Falls

Mukesh Buch
26 Jun, 2009
New York City

UK stocks edged lower. The Bank of England report suggested that banks are in better conditions than they were six months ago. Jaguar and Land Rover may face more job losses and plant closures. Berkeley annual net falls 38% and net revenues declined 29%.

Accenture, Palm Rise; Micron Drops

Mayank Mehta
26 Jun, 2009
New York City

KB Home led the decliners in the S&P 500 index with a loss of 4.0%. Accenture Ltd third quarter net down 5.4% on lower revenue. The Finish Line, Inc falls to loss in first quarter. KB Home second quarter net falls.

CarMax Q1 Earnings Call Transcript

123jump.com Staff
26 Jun, 2009
New York City

The used car retailer net quarterly sales declined 17% to $1.83 billion on comparable store used unit sales fall of 17%. Net earnings dipped 3% to $28.7 million on lower sales and increased costs at its financing arm in the quarter. Earnings per share were 13 cents, flat with a year-ago quarter.

CPI Falls in Japan; Bridgestone Surges

123jump.com Staff
26 Jun, 2009
New York City

Consumer prices in Japan fell sharply in April sparking worries that deflation may be anchored in the economy. The fall in exports, weak job markets and weak consumer demands are spurring price declines. Bridgestone revised its outlook for first half loss. Nippon Electric estimated Q1 profit.

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