Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 Apr, 2010
New York City
U.S. stocks at the opening braved fast spreading contagion worries in Europe. Positive earnings lifted stock indexes in New York however market indexes in Europe and Asia declined. Talks of Greek bond defaults are increasingly viewed with greater certainty as 2-year Greek bonds surge to 23%.
123jump.com Staff
28 Apr, 2010
New York City
Revenues rose 11% to $27.7 billion and net income rose 55.6% to $3.33 billion or 74 cents a share. The Investment Bank had net income of $2.5 billion. the investment bank just on the expense side, $4.8 billion of expenses in the quarter. Allowance for loan losses at $2.6 billion.
123jump.com Staff
27 Apr, 2010
New York City
Stocks in New York and Europe closed sharply lower as talks of Greek default intensify. Greek bond yields surged to 19% and yields on Portugal and Spanish bonds increased as well. Rating agency S&P also lowered Greek bonds to junk and lowered debt rating of Portugal. Commodities fell.
Mayank Mehta and Darlington
27 Apr, 2010
New York City
Market indexes declined in Shanghai and Hong Kong fell on the worries that China will tighten lending and oversight of property developers. Banks declined in Shanghai. China Vanke declined after the developer said earnings dropped 53%.
Chandrasekhar Atreya
27 Apr, 2010
New York City
Inflation worries took the air from the market rally. Comments from RBI Governor Rao reignited fears that interest rates will rise faster than expected. Punjab and Sind Bank plans to list the bank in a public offering. India may sell a stake in Indian Oil Corporation.
Darlington Musarurwa
27 Apr, 2010
New York City
European indexes dropped as fears of Greek default take hold. S&P lowered Greek bond ratings by three levels to junk and Portugal debt by two notches to A-. Deutsche Bank Profits Soared 48%. Daimler AG swung to a quarterly net profit on sales rise of 13%
Arthi Gupta
27 Apr, 2010
New York City
UK stocks closed lower tracking weakness in the euro zone markets. Weak metals and commodities also dragged the sentiment. Lloyds Banking Group estimated 2010 net income. BP Plc first quarter revenues surged 55% and net more than doubled. Imperial Tobacco Group PLC lifts dividend 16%.
Mayank Mehta
27 Apr, 2010
New York City
Tellabs, Inc led gainers in the S&P 500 index with a rise of 9.6%. Valero Energy swings to first quarter loss. 3M posts higher quarterly profit. duPont boosts 2010 guidance as earnings soar. Tyco plans a spin-off of electrical products segment.
Chandrasekhar Atreya
27 Apr, 2010
New York City
Better than expected earnings contributed to positive sentiment in Tokyo trading. Sharp Corp and Mazda Motor Corp lifted annual outlooks. Nippon Yusen, Mitsui OSK and Kawasaki Kaisen estimated higher profits on improved freight rates.
Darlington Musarurwa
27 Apr, 2010
New York City
Australian dollar traded lower after investors fear debt worries of Greece may spread to Portugal, Spain and Ireland. Producer prices in three months to March increased 1% but declined 0.1% from the quarter a year ago.
Arthi Gupta
27 Apr, 2010
New York City
U.S. stocks traded lower as investors fear Portugal, Spain and Ireland may struggle to repay sovereign debts. Greek 2-year bond yields soared to 15% and Athens benchmark index plunged 5% on the rising default probabilities. Deutsche Bank, Ford, DuPont reported better than expected earnings.
123jump.com Staff
27 Apr, 2010
New York City
Revenues rose 20% to $116 million and net income fell 8.5% to $25.1 million or 60 cents a share. Operating margins in the first quarter contracted to 23.3%. By business segment gross margins for application outsourcing was 35.7%, KPO was 70.1%, e-Business was 45.1% and TeamSourcing 55.4%.
123jump.com Staff
26 Apr, 2010
New York City
U.S. stocks struggled to hold earlier gains at close as lawmakers bicker on financial reforms. U.S. Coast Guard officials are struggling to contain oil spill near Louisiana that now covers 1,800 square miles. Charles River Laboratories agreed to acquire China based WuXi Pharma Tech for $1.6 billion.
123jump.com Staff
26 Apr, 2010
New York City
Stocks in Hong Kong closed higher tracking gains in international markets but indexes in Shanghai declined after regulators tightened oversight of the property developers. Charles River Labs agrees to acquire WuXi Pharma $1.6 billion. L
Mayank Mehta
26 Apr, 2010
New York City
The euro traded lower and stocks closed higher after Germany demanded credible budget deficit cut from Greece. Air Liquide first quarter revenue up 5.2%. L
