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America Market Update

UK Service Industry, Confidence Recover
May 06, 2009 5:50 PM ET
UK stocks advanced on a rise in metals and mining companies. Ahead of Bank of England rate decision tomorrow, investors focused on the economic condition beyond recession. Service industry decline appears to stabilize and consumer confidence is on the rebound. British Air traffic increased in April. >>

Banks Advance in HK; Alibaba.com Net Falls
May 06, 2009 1:09 PM ET
Stocks in Hong Kong and Shanghai rallied on the hopes that banks will report better than expected earnings. Alibaba.com earnings fell after it increased marketing expenses and offered cheaper subscriptions to its Web site. >>

Electronic Arts, Garmin, Foster Wheeler Fall
May 06, 2009 11:33 AM ET
General Motors Corporation led the decliners in the S&P 500 index of 15.1%. Atmel Corporation first quarter profit falls by half on sharp revenue dip. Acorda Therapeutics, Inc first quarter net loss widens. Centex Corporation narrows fourth quarter losses. >>

Indian Stocks Fall, Election Jitters, Valuations
May 06, 2009 9:58 AM ET
Stocks in Mumbai declined on the election jitters and worries that recent rally may have stretched valuations too high. in volatile trading, stocks in the final hour fell. Banks, financial services and steel makers led the decliners. >>

Regulators Ask Bank of America to Raise $34 B
May 06, 2009 9:00 AM ET
The private sector shed less than 500,000 jobs in April. Bank of America is said to need $34 billion to meet its regulatory capital requirements and Citigroup may need $40 billion. Markets are expected to be volatile this afternoon in anticipation of stress-test results after the close. >>

Morgan Stanley Q1 Earnings Call Transcript
May 06, 2009 2:32 AM ET
The financial services provider net quarterly revenues declined 62% to $3 billion. Net quarterly loss generated was $177 million. The company lost 57 cents a share versus earnings of $1.26 a year-ago quarter and reduced its quarterly dividend for common shareholders to 5 cents a share. >>

MasterCard Q1 Earnings Call Transcript
May 05, 2009 11:42 PM ET
The global payment processor first quarter revenue declined 2.2% to $1.2 billion and net income fell 18% to $360 million. Earnings per share were $2.80 as against $2.59 from a year ago quarter. Processed transactions grew 6% to 5.1 billion while number of cards issued increased 4% to 967 million. >>

Corning Inc Q1 Earnings Call Transcript
May 05, 2009 11:37 PM ET
Specialty glass and ceramic maker first quarter net sales dropped 39% to $989 million and net income plummeted 86% to $14 million. Earnings per share were one cent versus 64 cents in the prior year quarter. >>

UK Stocks Rally; BAA Loss Surges
May 05, 2009 6:03 PM ET
UK stocks closed higher on a rally in banks and mining stocks. Higher commodities prices lifted stocks of miners and optimism about U.S. consumers and Chinese manufacturing industry contributed to the surge. The airport operator BAA reported five-fold increase in loss. >>

Stress Test Anxieties; World Markets Pause
May 05, 2009 5:18 PM ET
U.S. stocks edged lower after rallying for days on the hopes that banks are adequately capitalized and economy is in the bottoming out process. European banks closed higher after UBS reported smaller than expected loss. Alcatel loss widened. Demag Cranes orders plunged. >>



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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc