Mayank Mehta
24 Mar, 2010
New York City
European leaders negotiate Greece bailout that may involve the IMF. ArcelorMittal aims to produce 100 million tons of iron ore a year by 2015. Gameloft SA soared 8% after video games developer said 2009 revenues rose 10.6%. Commerzbank increased on the first quarter profit estimate.
123jump.com Staff
24 Mar, 2010
New York City
The package delivery company reported revenue rose 7% to $8.70 billion in the quarter. Net quarterly income surged 146% to $239 million reflecting higher shipment growth due to the uptick in the global economy. Earnings per share soared to 76 cents from 31 cents a year-ago quarter.
Mayank Mehta
24 Mar, 2010
New York City
Lennar surged after it reported sharply smaller loss in the first quarter. Adobe Systems soared 6% after it quarterly sales increased 9% and net surged 19%. MF Global surged after it appointed former chairman of Goldman Sachs chief Jon S. Corzine as new chairman and CEO.
123jump.com Staff
24 Mar, 2010
New York City
European markets traded lower and the euro declined for the third week in a row as Greece faces a deadline to refinance its debt. Fitch downgraded sovereign debt rating of Portugal with negative outlook. Industrial new orders in the euro zone declined.
123jump.com Staff
24 Mar, 2010
New York City
U.S. stocks traded lower after new home sales declined and factory orders increased more than anticipated. Excluding defense orders, new orders rose 1.6% and excluding transportations, orders increased 0.9%. The dollar gained against the euro after Portugal debt was downgraded.
123jump.com Staff
23 Mar, 2010
New York City
Revenue fell 5% to $16.5 million & net loss was 0.8 million or 3 cents a share. Operating expenses in the quarter were $17.8 million a reduction of 8% compared to $19.4 million in the prior-year period. Operating expenses in fiscal
123jump.com Staff
23 Mar, 2010
New York City
Revenues rose 0.5% to $157.3 million & net income rose 4.3% to $36.1 million or 75 cents a share. Operating income increased 5% to $54.5 million. Operating margins were 140 basis points higher year over year at 34.6% in Q2 compared to 33.2% a year ago. Operating margins were 34.8% in Q1.
123jump.com Staff
23 Mar, 2010
New York City
The office furniture systems and products maker net sales declined 7% to $329.6 million in the quarter. Net quarterly earnings were $8.3 million helped by better margins and lower restructuring charges. The company gained 12 cents a share compared to a loss of 10 cents a share a year-ago quarter.
123jump.com Staff
23 Mar, 2010
New York City
Video game and entertainment software retailer fourth quarter sales increased 0.9% to $3.52 billion and net earnings dropped marginally to $215.92 million. Earnings per share were $1.29 against $1.39 in the prior year quarter. Comparable same store sales were down 7.9% for the quarter.
Mayank Mehta
22 Mar, 2010
New York City
Stocks in Hong Kong fell sharply after India raised rates. Banks and property developers led the decliners. *XH Air China increased its stake in Shenzhen Airlines to 51%. Bank of China shareholders approve convertible bond issuance plan. Poly Real Estate Group plans to raise $1.4 billion.
Darlington Musarurwa
22 Mar, 2010
New York City
The benchmark stock index and the dollar declined tracking losses in metals and commodities. Arrow Energy recommends A$3.4 billion bid from a joint venture controlled by Royal Dutch Shell and PetroChina. AXA Asia Pacific and NAB extended the A$13.3 billion takeover bid deadline by nine days.
123jump.com Staff
22 Mar, 2010
New York City
Mumbai stocks closed lower after Reserve Bank of India in a surprise move lifted reverse repurchase rate to 3.5% and the repurchase rate to 5% from 4.75%. The small increase in rate may be followed by additional increases if inflation fails to decline from the near record rate of 17%.
123jump.com Staff
22 Mar, 2010
New York City
U.S. stocks closed higher after the passage of healthcare bill removed an overhang on the pharmaceutical industry and health insurance providers. Markets in Latin America and Europe rebounded. The dollar gained and commodities closed mixed.
Mayank Mehta
22 Mar, 2010
New York City
UK benchmark index and commodities traded sideways. Royal Dutch Shell and Petro China agree to acquire Australia based Arrow Energy Ltd. ICAP Plc will shut down its cash equities trading business. Wolseley Plc may shut businesses that fail to perform.
Mayank Mehta
22 Mar, 2010
New York City
European leaders are increasingly divided to offer financial assistance to Greece. Greece has
