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UK Gilt Offering Worries; Punch Tavern Plunges

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

UK and European stocks closed lower on worries of rising inflation, a prospect of slower economic recovery and increased government debt. UK plans to raise

Resource Stocks Drag Hong Kong Index

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

Hong Kong stocks declined on a weakness in metals and mining sector. Shanghai closed higher. Foreign direct investment in China fell 18% in May. The yuan declined in Shanghai trading.

Stocks in Sydney Fall; Goodman, Atlas Iron Surge

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

Australian stocks declined after metals closed lower. Goodman Group surges on talks of investment from China. Atlas Iron Limited surged 17% after it proposed public offering of A$117 million to fund iron ore mining expansion.

German Unemployment Risies; Carrfour Savings

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

European markets edged lower after unemployment in Germany increased and French producer prices declined. Porsche will seek alternative sources of funding to refinance its

UK GDP Drops 4.9%; Wolseley Up 2%

Sarla Buch
30 Jun, 2009
New York City

UK benchmark indexes fell after the downward revision of the first quarter GDP. The revision raised the speculation that the annual GDP may decline more than the government estimate despite the large economic stimulus. The GDP decline from a year ago was the sharpest in five decades. The pound fell.

India Stocks Reverse Gains; HDFC, BHEL Net Up

Mayank Mehta
22 Jul, 2009
New York City

Indian Government tax collection in June increased 3.7% and India is not likely to meet its export target of $200 billion in the current fiscal year. Monsoon rains are still trailing the historical average sparking fears of drought. HDFC quarterly net gains 21%.

Apple, Starbucks Surge; Yahoo, AMD Fall

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

Apple and Starbucks surge in the after-hours on earnings reports. Apple net increased 15% in the third quarter and sales of iPhone surged six-fold. Starbucks earnings increased on cost cutting. Yahoo! quarterly revenues declined 13% and net income increased 8%.

Second Day Rally; Bernanke Urges Fiscal Balance

Mukesh Buch
21 Jul, 2009
New York City

Earnings optimism lifted stocks for the second day in a row. Fed Chairman Bernanke urged lawmakers to balance the budget and noted that unemployment will remain high in 2010 and 2011. Industrial stocks edged higher but banks were weak.

Elan, Evergreen Solar Rise; Dynegy, TiVo Fall

Mayank Mehta
02 Jul, 2009
New York City

Dynegy led the decliners in the S&P 500 index with a loss of 9.1%. Acuity Brands third quarter profit drops 46% on weak construction. Unify reported fourth quarter net rises. Monster Worldwide drops after unemployment surges.

Baidu Q2 Earnings Call Transcript

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

The Chinese-language Internet search provider total quarterly revenue rose 37% to RMB1.1 billion or $161 million. Net quarterly income surged 45% to RMB383.3 million or $56.1 million. Earnings per share climbed to RMB11.02 or $1.61 from RMB7.62 or $1.11 a year-ago quarter.

UK Home Prices Edge Up; BP Net Plunges

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

UK home prices in June edged 0.1% higher from May but declined 14% from a year ago. London prices increased 2% in the month and fell 12.5% from a year ago. BP Plc second quarter net profit dropped 53%. Investec plans to raise

Sprint Acquires Virgin Mobile; Valero Drops

Mayank Mehta
28 Jul, 2009
New York City

Virgin Mobile surges after Sprint agrees to acquire the pre-paid telephone service operator. Bank of Hawaii Corp second quarter net falls on higher provision. Office Depot, Inc second quarter loss widens to $82 million. Valero reports loss in the second quarter on lower diesel demand.

Hitachi Plans $3 Billion Subsidiaries Purchase

Mayank Mehta
28 Jul, 2009
New York City

Hitachi Ltd plans to spend nearly $3 billion to acquire five subsidiaries in information and technology areas. Sapporo Holdings lowered its estimate of first half loss. JFE increased after it issued optimistic outlook by reported a loss in the first quarter.

UK Deficit Soars; Wm Morrison Up, Playtech Drops

Trupti Mehta
21 Jul, 2009
New York City

The UK government budget deficit jumps to 32-year record of

China State Construction in $7.3 Billion IPO

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

Stocks in Shanghai and Hong Kong edged lower after investors worried that prices may be ahead of fundamentals. China State Construction Engineering filed to raise as much as $7.3 billion. Mining related stocks closed lower.

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