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Michelin, K+S Surge in European Trading

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

Investors in Europe debated the fate of euro, future direction of German exports and health of banks in the U.S. and Europe. Air France surged 11% and eliminated 2,700 jobs. Michelin surged 5% after Goldman Sachs lifted its price target.

BoE to Pump

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

Increasingly UK investors are relying on global economic recovery to lift earnings at commodities companies. Domestic economy is still weak and there are no signs of housing market stabilization. The BoE unanimously agreed to increase the plan to print new money by

Australian Confidence Falls, Billabong Plunges

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

The Australian consumer index declined in May, as it has every month for the last one year. The Australian wages increased at a slower pace in the first quarter. The dollar declined. Billabong International plunges 20% after it completes institutional offering.

Deere, Paragon Rise; Hertz, HP Fall

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

Hertz Global led the decliners in the S&P 500 index of 9.7%. Eaton Vance second quarter net income declines 51%. Hewlett-Packard shares slip on sales outlook. Paragon Shipping first quarter profit exceed analysts

Whole Foods Market Q2 Earnings Call Transcript

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

The natural foods retailer quarterly sales declined marginally to $1.9 billion on comparable store sales fall of 4.8%. Net quarterly income decreased 11.7% to $35.3 million hurt by non-cash asset impairment charges. Earnings per share dropped to 19 cents from 29 cents a year-ago quarter.

Japan GDP Shrinks 4%; Shippers Rise

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

Japan economy declined the most in its fourth quarterly shrinkage in a row. A sharp fall in exports and domestic consumption contributed to the shrinkage in the economy. Shipping lines surged on a rise in freight rate index.

Tata Steel, Indiabulls Raise Capital

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

Stocks in Mumbai trading declined for the first time after a rally that lifted the benchmark indexes nearly 20%. The euphoric mood helped companies to raise capital. The real estate developer Indiabulls and Tata Steel raised $1 billion.

France to Raise

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

Banks in France and in Europe gained after the French agency launched

Viterra Acquires ABB Grains; AWB Net Plunges

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

Australian benchmark index closed higher on a rise in metals and energy prices. Canada based Viterra offered A$1.6 billion for ABB Grains Ltd in cash and stock. AWB Ltd first half net declined 62%. Lion Nathan reported first half profit increased 7%.

Tokyo Stocks Rise; T&D Mitusbishi UFJ Loss

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

Stocks in Japan tracked gains in New York. Metals and energy prices increased in Asian trading. T&D Holding Inc increased 3% after it reported less than expected annual loss.

UK Inflation Falls; Marks & Spencer Dividend Cut

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

UK stocks closed higher. Marks & Spencer declined after it cut its dividend by one third. ICAP, the interbank broker reported higher profit. Vodafone net declined and Tate & Lyle replaced in chief executive. Burberry reported a net loss for the year.

U.S. Stocks Lower; Banks Raise Capital

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

U.S. stocks closed lower on weak housing data. Home Depot reported better than expected earnings and Saks sales fell more than expected. Tenet Healthcare surged after it reported better than expected earnings. Invesco, Morgan Stanley and Marshall & Ilsley join others in raising capital.

Tenet Heathcare Surges, JA Solar, Invesco Fall

Mayank Mehta
19 May, 2009
New York City

Tenet Healthcare Corporation led gainers in the S&P 500 index with a rise of 18.2%. American Apparel, Inc swings to first quarter loss. E-House (China) Holdings Limited first quarter profit tops market view. Medtronic Inc cutting 1,500-1,800 jobs in coming weeks.

Weak U.S. Housing Data; Stocks Sideways

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

The U.S. stocks edged sideways in the early trading after the release of weak housing data. Invesco plans to raise $400 million in stock offering and Morgan Stanley sold its remaining stake in the MSCI Inc. Amex plans to cut 6% of its staff. Home builders edged lower after the housing data.

Macy's Q1 Earnings Call Transcript

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

The department store operator quarterly sales dipped 9.5% to $5.2 billion on same-store sales fall of 9%. Net quarterly loss widened 49% to $88 million. The company lost 21 cents a share versus a loss of 14 cents a year earlier and estimates earnings between 40 cents and 55 cents a share in 2009.

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