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Overnight Market News – September 2, 2010

 
  • Pernod Ricard SA Posts a 0.6% Increase in Full-Year Net Income to EUR 951mm as Declined Sales in Western Europe and the US Offset Growth in China
  • China Steps up Attempts to Obstruct BHP Billiton Ltd’s Hostile Takeover of Potash Corp of Saskatchewan Inc Amid Worries about Future Fertilizer Supply Needed to Boost Food Production
  • Sony Corp Announces Qriocity, a Video and Music Streaming Service to be Launched in Five European Countries to Challenge Apple Inc’s iTunes Store
  • Lehman Brothers Holdings Inc Says its Two Struggling Units Need Capital Injections to Avoid Failure that Could Cost the Bankrupt US Investment Bank Billions
  • Costco Wholesale Corp Reports a 7% Rise in Same-Store Sales in August, Aided by a Surge in Gasoline Prices and Foreign Currency Gains
  • Sweden’s Riksbank Raises its Benchmark Lending Rate to 0.75%, Citing a Pickup in Exports and an Improved Labor Market
  • Crude Oil Stands at USD 73.58 per Barrel
  • Ethanol Stands at USD 1.94 per Gallon
  • Natural Gas Stands at USD 3.75 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,246.90 per Troy Ounce
  • Dow Jones Industrial Average Rises 254.75 Points (2.54%) to 10,269.47
  • London FTSE Index Falls 8.59 Points (-0.16%) to 5,357.82
  • Japan Nikkei Index Rises 135.82 Points (1.52%) to 9062.84
  • Hong Kong Hang Seng Index Rises 245.09 Points (1.19%) to 20,868.92
  • Brazil Bovespa Index Rises 1,927.08 Points (2.96%) to 67,0720.53
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