Mayank Mehta
09 Mar, 2010
New York City
Property stocks gained after a central bank official said that China does not need additional lending curbs and the current measures are already working. Total vehicles sales surged in February by 46%.
Darlington Musarurwa
09 Mar, 2010
New York City
Australian benchmark index increased 0.3% after more employers looked to hire add staff in February. Australia
123jump.com Staff
09 Mar, 2010
New York City
European markets closed unchanged. EU regulators raise more questions on Greece tax revenues estimate. Fitch threatened to lower Portugal credit rating and said government plans to cut deficit are not sufficient. Groupe Eurotunnel SA profit plunges on tunnel fire and winter breakdowns.
Mayank Mehta
09 Mar, 2010
New York City
The UK trade deficit surges in January. Rating agency Fitch called for faster budget deficit cuts. Shanks declined after it ended takeover talks with Carlyle Group. John Menzies pretax profit doubles. The rating agency Fitch urged UK government to trim deficit faster.
Mayank Mehta
09 Mar, 2010
New York City
AgFeed Industries surged more than 15% after it estimated a surge in hog production. Comercia Inc launched $800 million offering to redeem preferred shares issued to the U.S. Treasury. H&R Block declined on same store tax preparation fell 6.8%. Texas instruments guided sales and net higher.
Mayank Mehta
09 Mar, 2010
New York City
Mumbai stocks struggled on the anniversary day when world markets traded at multi-year lows a year ago. The Sensex has doubled in a year on the improving global economic outlook. Tata Motors declined 3% after Daimler AG sold its 5.3% stake that it held since 1954.
123jump.com Staff
09 Mar, 2010
New York City
U.S. stocks and commodities traded lower. The S&P 500 index has recovered 67% from the 12-year low it reached a year ago. Copper and gold are trading lower. Kroger Co. fourth quarter sales increased 7.5% and net surged 27%.
123jump.com Staff
09 Mar, 2010
New York City
Revenues fell 0.6% to $3.37 billion & net income rose 6% to $216 million or 45 cents a share. Worldwide restaurant margins by 1.7% points & operating profit grew by 9% prior to foreign currency translation. China will grow profits by 15%. Yum Restaurants International will grow profit by 10%.
Darlington Musarurwa
09 Mar, 2010
New York City
The economic measure indicting economic activities increased in January as exports strengthen and unemployment declines to 10-month low. Sony Corp is targeting to sell 25 million LCD TVs and 2 million 3D models in the next fiscal year beginning April 1. The yen gains against the euro and the dollar.
123jump.com Staff
08 Mar, 2010
New York City
Stocks in Hong Kong surge tracking gains in the U.S. markets after unemployment was unchanged in February at 9.7%. China Southern Airline plans to raise 10.75 billion yuan to repay some of its 60 billion yuan debt. ICBC said 2009 loan growth was the fastest in three years.
Darlington Musarurwa
08 Mar, 2010
New York City
Arrow Energy Limited received A$3.3 billion joint bid from Royal Dutch and PetroChina Corp. The coal seam gas explorer soared 47% on the bid. BHP Billiton signs new coking coal contract with JFE Holdings of Japan that tracks spot market prices and is only for a quarter compared to annual increase.
123jump.com Staff
08 Mar, 2010
New York City
U.S. stocks struggled at close. MetLife agreed to acquire life insurance division of AIG for $15.5 billion. Royal Dutch Shell and PetroChina bid for Arrow Energy in Australia. Oil stays firm and the dollar inches lower. LyondellBasel prefers its restructuring to the offer from Reliance Industries.
Mayank Mehta
08 Mar, 2010
New York City
The UK stock index closed higher after fractional gains in commodities. Petrofac, the oil services provider said 2009 net income surged 33%. Scotland port operator Forth Ports surged 26% on two buyout offers. Royal Dutch Shell and PetroChina offer to acquire Australia based Arrow Energy Ltd.
123jump.com Staff
08 Mar, 2010
New York City
European market indexes closed nearly unchanged after the early gains evaporated. Resource sector stocks trade higher. French President voiced a strong support to Greece to send a signal to investors and support the euro. Portugal prepares to sell 6 billion euros of assets to lower budget deficit.
Mayank Mehta
08 Mar, 2010
New York City
American International Group surged 3% and MetLife gained 5% after they agreed on a deal of $15.5 billion. Hewlett Packard lowered its earnings estimate by 3 cents a share. Xyartex Ltd soared 15% after it revised higher earnings estimate. Imax Corp surged on record weekly box office revenues.
