123 Jump

World Stocks Falter on Slower U.S. GDP

July 29, 2010
By 123jump.com Staff

U.S. economy in the second quarter expanded at a slower pace of 2.4%. Corporate earnings have been ahead of expectations but the economy has lost more than 8 million since 2007. Consumer sentiment index declined in July. Yields on 10-year bonds decline...
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UK Consumer Confidence Drops

July 29, 2010
By Arthi Gupta

The UK stocks decline after disappointing U.S. GDP data and a drop in consumer confidence, fifth monthly decline in a row in July. The financial regulator is ready to expand its authority that covers board remuneration. France based EDF agreed to sell ...
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MetLife, Expedia Rise; First Solar, Merck Fall

July 29, 2010
By Mayank Mehta

Thoratec Corporation led the decliners in the S&P 500 index with a loss of 16.5%. First Solar posts lower profit and lifts outlook. Amgen reports largely flat earnings. Expedia Inc. second quarter profit soars. Chevron net income triples to $5.4 billion.
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European Markets Slide; CPI Up 1.7%

July 29, 2010
By Arthi Gupta

The European markets decline amidst concerns of slow economic growth in the U.S. Euro-zone unemployment rate flat at 10% in June and CPI rises 1.7% in July. Moody''s lowers Iceland government bond ratings to negative from stable.
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Slower GDP Growth Drags U.S. Stocks

July 29, 2010
By Darlington Musarurwa

U.S. stocks decline after GDP expanded at a slower pace 2.4% in the second quarter from the revised 3.7% rate in the first quarter. Bullard warns U.S. at risk for Japanese-style deflation. The IMF says massive policy response aids U.S economic recovery...
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Chevron Sales Up 32%; Merck & Co Net Down 52%

July 29, 2010
By Trupti Mehta

Chevron Corporation second quarter revenues rose 32% to $53.0 billion and net income rose 209% to $5.41 billion or $2.70 a share. Merck & Co., Inc second quarter sales rose 92% to $11.35 billion and net income fell 52% to $752.4 million or 24 cents a s...
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Jamaica Sells Sugar Refineries to Complant

July 29, 2010
By 123jump.com Staff

Jamaica finalizes the sale of final three sugar refineries to China based Complant International for US$9 million. The deal may pave for the build out of 200,000 tons ethanol refinery that may alleviate the imports of crude oil in Jamaica.
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Sensex Declines; Mumbai Land Auction

July 29, 2010
By Chandrasekhar Atreya

Stocks in Mumbai fluctuated and closed lower. Textile ministry begins land auction to raise $1.1 billion. UltraTech plans Capex of Rs 12,000 crore in the next five years. Ashok Leyland plans to pick 26% stake in U.K.-based Optare.
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China Region Stocks Drop; Zijin VP Detained

July 29, 2010
By Chandrasekhar Atreya

Stocks in China retreated led by financials and steelmakers. China clears the takeover of Volvo Car Corp by Geely Holding. Charles River withdraws takeover offer of WuXi on the investors’ resistance. Flood washes 3,000 chemical barrels into Songhua r...
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Nikkei Dips; Toyota Recalls Expand

July 29, 2010
By Chandrasekhar Atreya

Stocks in Japan fell sharply with as many as 204 stocks retreating in the Nikkei 225 Stock Average on an increase in unemployment and a drop in core consumer price index. Toyota problems mount as recalls continue. Strikes in China affected 32 Japanese ...
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