123jump.com Staff
21 Sep, 2010
New York City
The package delivery company reported revenues grew 18% to $9.46 billion in the quarter. Net quarterly income surged 110% to $380 million reflecting higher demand at FedEx Express and FedEx Ground. Earnings per share rose to $1.20 from 58 cents per share last year.
Chandrasekhar Atreya
21 Sep, 2010
New York City
The benchmark index in Sydney closed lower giving up earlier gains in trading on the worries that interest rates may be on the rise. Australia lifted its commodity exports forecast for the current fiscal. Victoria plans to back 345 gigawatts solar power plant.
Marcus Jacob
20 Sep, 2010
New York City
Stocks surge in New York lifted indexes in Americas and Europe. Two deals totaling $2 billion contributed to the improving sentiment. The NBER declared the longest recession since the Great Depression lasted 18 months and ended in June 2009 that destroyed 8 million jobs. Oil and gold edged higher.
Devan Biswas
20 Sep, 2010
New York City
Internet Brands Inc soared after a private equity deal that valued the company at six times sales and nearly twenty times cash flow. The rich valuation is based on the expectations of rising cash flows from generic sites that lack original content and may face a sudden change in user preference.
Bikram Pandey
20 Sep, 2010
New York City
Internet Brands surged after a private equity group offered 46% premium. Netezza Corp. soared more than 12% after IBM agreed to acquire the company. Lennar Corp traded higher after third quarter sales increased 14.5%.
Arthi Gupta
20 Sep, 2010
New York City
The UK indexes advanced after home prices fell 1.1% in September. The UK mortgage lending weakened in July and M4 money supply declined in August. BAE Systems agreed to buy L-1 Identity Solutions Intelligence Services Group for $295.8 million.
Arthi Gupta
20 Sep, 2010
New York City
The European indexes rose after the Bundesbank expressed confidence German banks could meet higher capital requirements. Greek current account deficit narrowed in July. L-1 Identity Solutions agreed to be acquired by France based conglomerate Safran SA.
Arthi Gupta
20 Sep, 2010
New York City
U.S. stocks gained on renewed global economic optimism. France based conglomerate Safran SA agreed to acquire U.S. based L-1 Identity Solutions for $1.6 billion. Sahara India may bid for MGM Inc for $2 billion. IBM agreed to buy Netezza for $27 a share.
Chandrasekhar Atreya
20 Sep, 2010
New York City
Sustained international fund flows to India for the year and in the month lifted stocks for the sixth day in a row to 32-month high. Hindustan Copper to generate $1.2 billion in revenues in rock sales.
Chandrasekhar Atreya
20 Sep, 2010
New York City
Shanghai stocks declined and dragged the index fell to five-week low. Stocks in Hong Kong searched for direction and closed unchanged. Net profit of centrally-administered government controlled companies grew at a slower pace in August.
Chandrasekhar Atreya
20 Sep, 2010
New York City
Australian stocks traded lower as the dollar climbed and metals prices increased. Reserve Bank of Australia outlook suggested continued current growth in the economy in the near future. The rail network, QR National started its public offering that may raise as much as A$7 billion.
123jump.com Staff
18 Sep, 2010
New York City
The biopharmaceutical company reported revenues soared 58% to $17.3 billion in the quarter. Net quarterly earnings rose 9.5% to $2.47 billion helped by higher revenues owing to the acquisition of Wyeth. Earnings per share fell to 31 cents from 34 cents per share in the year-ago quarter.
Bikram Pandey
17 Sep, 2010
New York City
U.S. stocks traded sideways as commodities continued to advance. The Dow gained 1.2% and the S&P 500 index added 1.4%. The Nasdaq advanced 3.2% in the week. Resource and technology stocks closed higher in the week. Silver inched near 30-year high and gold traded intra-day record.
Arthi Gupta
17 Sep, 2010
New York City
The UK indexes declined on global economic data. The UK Chancellor George Osborne reiterated sovereign debt risk is a threat to European economies. Promethean Plc surged 6.33% to 42.00 pence after the investment company reported fiscal 2010 profit.
Bikram Pandey
17 Sep, 2010
New York City
Crucell NV soared after the company is in talks with J&J. Research in Motion surged after it reported better than expected sales and earnings. Texas Instruments gained after it increased dividend and offered t buy back up to $7.5 billion in shares.
