123jump.com Staff
08 Mar, 2010
New York City
U.S. stocks struggled in the morning after AIG completed the delayed agreement of $15.5 billion to sell its life insurance division to MetLife. The dollar edged down after fears of Greece default recede. Crude oil futures race to $82 a barrel.
123jump.com Staff
08 Mar, 2010
New York City
Japan January exports surged 41% and imports increased 7% as exports to the U.S., EU and China rebound for the second month in a row. Current account swings to a surplus from a year ago month. JFE Holdings agreed to a 55% increase in price in a quarterly contract.
Mayank Mehta
08 Mar, 2010
New York City
Banks in India surged after finance minister Mukherjee sought Parliament approval to permit banks to sell more shares. Rupee edged higher. Essar Group agreed to acquire Trinity Coal Corp for $600 million and is said to prepare securities offering in London for as much as $3 billion.
123jump.com Staff
08 Mar, 2010
New York City
U.S. stocks are trading higher in the pre-market trading on a global optimism and a rise in Asian and European markets. Dubai is expected to offer restructuring plan for $26 billion and may disappoint bankers by not offering state guarantee. French President offered more support for Greece.
123jump.com Staff
08 Mar, 2010
New York City
Intrepid Potash fourth quarter revenue came in at $73.06 million down by 8% from prior year quarter and net income fell sharply by 70% to $6.71 million hurt by steep fall in prices of potash. Earnings per share were $.09 against $0.30 in the prior year quarter.
123jump.com Staff
08 Mar, 2010
New York City
Revenues fell 1% to $1.24 billion and net income rose 5.5% to $111.1 million or $1.10 per diluted share. Third quarter wholesale operating income was $107 million and the operating margin rate was 17.7% compared to a historic peak third quarter wholesale margin of 19.8% compared to last year.
123jump.com Staff
07 Mar, 2010
New York City
United Natural Food, the organic and specialty food distributor net sales grew by 6% in the second quarter to $898 million helped by higher sales. Net income improved by 15% to $15.7 million and earnings per share were $0.36 against $0.32 in the year ago quarter.
123jump.com Staff
06 Mar, 2010
New York City
The automotive parts retailer sales increased 4% to $1.5 billion in the quarter. Net quarterly income rose 6.4% to $123.3 million as it managed costs and recorded higher sales from new stores. Earnings per share grew to $2.46 from $2.03 in the year-ago quarter.
Mayank Mehta
05 Mar, 2010
New York City
Stocks in Hong Kong surged tracking the gains in New York. Property developers and banks closed higher. In Shanghai trading stocks were subdued awaiting more news from the political convention. FAW Car reported 50% rise in 2009 earnings.
123jump.com Staff
05 Mar, 2010
New York City
U.S. indexes closed higher after jobless rate stayed unchanged. Fannie Mae and Freddie Mac may quintuple the amount of home loans buy backs for banks to $21 billion. Senators prepare to vote on a jobs bill totaling $150 billion next week. Small cap index Russell 6000 surged 6% in the week.
Darlington Musarurwa
05 Mar, 2010
New York City
Australian stocks rested after commodities traded higher. The Australian dollar edged higher and closed above 90 U.S. cents. Australia may face a decline in crude oil production and imports may represent as much as 75% of consumption as early as 2030.
Darlington Musarurwa
05 Mar, 2010
New York City
Stocks in Japan surged on the speculation that the central bank will announce more measure to stimulate the economy next week. Shipping companies surged after a sharp gain in freight rate futures.
123jump.com Staff
05 Mar, 2010
New York City
UK producer prices increased 4.1% in February from a year ago, eleventh monthly increase in a row. Swiss based Glencore international exercised its option to buy back Colombia based coal unit from Xstrata Plc for at least $2.2 billion. United Business Media surged 7%.
123jump.com Staff
05 Mar, 2010
New York City
European markets closed higher and the benchmark index in Athens soared 9%. Investors surmised that the EU will provide a bailout to Greece after Greek lawmakers passed budget cuts meeting the demands of EU nations and regulators. Vinci SA and Ahold NV gained on earnings.
123jump.com Staff
05 Mar, 2010
New York City
General Growth Properties gains on the first day of trading. RCN, the regional cable provider soared 23% on a private equity buyout. Coal miners advanced after India based Essar Group acquired Trinity Coal. Apple Inc added 2.5% ahead of the release of iPad. Cache fourth quarter loss
