123jump.com Staff
20 Feb, 2010
New York City
The online travel company reported revenue soared 33.4% to $541.8 million in the quarter. Net quarterly income surged 130% to $78.5 million. Earnings per share rose to $1.55 compared to 75 cents a year-ago quarter. Revenue increased 24.1% to $2.34 billion for full-year 2009.
123jump.com Staff
19 Feb, 2010
New York City
U.S. mortgage delinquencies in the fourth quarter declined barely to 9.47% as the new defaults slowed. Consumer prices increased at less than estimated rates in January. Schlumberger is close to finalizing agreement to acquire Smith International.
Mayank Mehta
19 Feb, 2010
New York City
Stocks in Mumbai trading declined as investors gauge the demand for the Rural Electrification Corporation secondary offering. Government borrowing in the fiscal 2011 year is expected to exceed $97 billion in the current year.
Mayank Mehta
19 Feb, 2010
New York City
European markets closed higher for the fifth day in a row. Thales declined after it lowered its dividend. Carrefour SA fell after net dropped 74% on higher charges related to store closures. Lafarge declined after full year net dropped 54%.
Mayank Mehta
19 Feb, 2010
New York City
UK stocks recovered and closed higher but the pound traded at nine-month low. Retail sales in January declined 1.8%. Millennium & Copthorne Hotels plc declares second interim dividend. Rentokil Initial plc fiscal 2009 profit up. BlueBay Asset Management plc profit rises.
Mayank Mehta
19 Feb, 2010
New York City
Apollo Group declined as much as 10% after it forecasted lower than expected second quarter earnings. Canadian Solar Inc and First Solar Inc declined on lower quarterly margins. J.C. Penney rallied 6% after it reported better than expected earnings. Intuit soared 9% on higher than expected earnings.
123jump.com Staff
19 Feb, 2010
New York City
U.S. stocks edged lower after the Fed raised discount rate and increased the spread between fed funds rate. Consumer price index increased 0.2% in January, less than expected. The dollar increased and commodities traded mixed. Dell Inc dropped 7% after quarterly net declined 5%.
Darlington Musarurwa
19 Feb, 2010
New York City
Japan indexes fell more than 1.7% after the U.S. Fed raised rates for emergency lending and began to unwind measures taken during the financial crisis. Geo political risk was also a concern after North Korea was reported to declare a portion of its border as a firing zone. K.K. daVinci dropped 19%.
Darlington Musarurwa
19 Feb, 2010
New York City
Fortescue Metals profit falls 94% in the first half. National Australia Bank first quarter earnings increase 20%. Billabong International first half profit decreases 15% on lower sales in North America and weak currency translations.
123jump.com Staff
18 Feb, 2010
New York City
Federal Reserve increased the discount rate by 25 basis points as it unwinds several emergency measures taken during the last two years. The rate increase will widen the spread between federal funds rate and discount rate to 0.5%, still below the pre-crisis level of 1%.
123jump.com Staff
18 Feb, 2010
New York City
U.S. stocks finished higher after the leading economic indicators increased for the tenth month in a row and manufacturing index expanded for the sixth month in a row. Earnings from Wal-Mart Stores, Hewlett Packard and comments from Procter & Gamble Co. helped positive sentiment.
Mayank Mehta
18 Feb, 2010
New York City
ABB Ltd increases dividend 6%. Societe Generale SA shares down 3.6% after fourth quarter asset write down hurt the bank. Daimler AG reported a loss and said will not pay annual dividend. SwissRe lifted it dividend to 1 Swiss franc.
Mayank Mehta
18 Feb, 2010
New York City
Zenith National surges 31% after it received a buyout offer of $1.4 billion for the remainder stake from Fairfax Financial Holdings. Advance Auto Parts quarterly sales declined 4%. Wal-Mart net gained 22%. Hewlett-Packard earnings rise 25%. Priceline.com Inc surges 9% on the first quarter outlook.
123jump.com Staff
18 Feb, 2010
New York City
BAE Systems sales increased 21% and lifts its dividend. Reed Elsevier fiscal year net profit declined 18%. Ladbrokes reported lower earnings. Barrick Gold is planning to list its Tanzanian gold mines in London, making it the largest gold company on the exchange.
123jump.com Staff
18 Feb, 2010
New York City
Stocks in Mumbai traded lower in pre-budget jitters. Rural Electrification Corp set its secondary offering price at Rs 203 per share. JK Lakshmi plans to raise $120 million to finance new Greenfield projects. RIL falls on the worries that it may increase its bid for LyondellBasell Industries.
