Mayank Mehta
11 Feb, 2010
New York City
European markets turned negative after rising as much as 0.6% after the EU leaders offered no details of the Greek bailout. Air France-KLM reported a narrower loss and indicated signs of recovery. Renault expects 10% drop in European car market in 2010. Danone net increased on asset sale.
Mayank Mehta
11 Feb, 2010
New York City
Masco Corporation led the decliners in the S&P 500 index with a loss of 10.3%. Prudential reports quarterly net of $1.78 billion. Allstate rises on improved fourth quarter net of $518 million. AutoNation, Inc posts higher revenue. JA Solar reported higher than expected sales and earnings.
123jump.com Staff
11 Feb, 2010
New York City
The petroleum and petrochemical manufacturer revenue rose 4% to $8.97 billion in the quarter. Net quarterly income plummeted 87.3% to $26 million significantly impacted by weak demand for energy products. Earnings per share plunged to 22 cents from $1.74 a year-ago quarter.
123jump.com Staff
11 Feb, 2010
New York City
Revenues rose 8.4% to $451 million and net income rose 46.7% to $88 million or 47 cents per diluted share. Adjusted operating margin was up sequentially by over 3 percentage points to 28%. For the full year operating margin expanded by more than 110 basis points to 24% delivering on 2009 guidance.
Mayank Mehta
11 Feb, 2010
New York City
UK stocks pared losses after EU leaders failed to provide any details for the Greece bailout. Rio Tinto reinstated its dividend. BT Group dropped on the pension fund worries. Anglo American supports De Beers
123jump.com Staff
11 Feb, 2010
New York City
European markets traded higher and the euro stabilized after the EU leaders suggested a deal to support Greece will be soon announced but under tough conditions. No details were released. Total SA fourth quarter sales fell 6.5%. Credit Suisse swings to quarterly profit.
123jump.com Staff
11 Feb, 2010
New York City
U.S. stocks traded lackluster after weekly jobless claims decreased and the EU leaders said that Greece will not be left alone and a bailout package is in works. PepsiCo Inc fourth quarter earnings nearly doubled. Prudential Financial adjusted earnings increased but lower than expected.
123jump.com Staff
11 Feb, 2010
New York City
World markets rebounded after positive economic news from China and strong consumer demand in India. European markets traded higher after Greece, Germany and France inch closer to a financial assistance package. Australian unemployment drops to an 11-year low.
Mayank Mehta
11 Feb, 2010
New York City
China home prices soared 9.5% in January and lending surged to $202 billion, 14% lower than a year ago but higher than the total in the fourth quarter 2009. Mainland China inflation in the month was 1.5%, lower than expected. Stocks gained after lower than inflation and a decline in M2 money supply.
Mayank Mehta
11 Feb, 2010
New York City
Mumbai stocks surged after Reserve Bank of India increased transparency in how it determines interest rates. January exports increased 11.5%. DLF said residential sales in the month were satisfactory. Unitech sells 7.2% stake in its wireless unit to Telenor Asia.
123jump.com Staff
11 Feb, 2010
New York City
Stocks in Sydney trading gained after employers added 52,000 workers in January. The sharp gain in payrolls dragged unemployment rate to an 11-year low of 5.3%. The Australian dollar strengthened. Telstra first half profit declined 3.3%. Rio Tinto full year profit increased 33%.
123jump.com Staff
10 Feb, 2010
New York City
U.S. stocks gyrated after Fed Chairman Bernanke laid out his plan to unwind stimulus and tighten monetary policy. Treasury yields rose and a auction drew a weak response. December trade deficit increased. Northeast U.S. face blizzard conditions with most government offices closed in Washington, D.C.
Mayank Mehta
10 Feb, 2010
New York City
Stocks in Shanghai and Hong Kong closed higher ahead of weeklong Lunar New Year holiday next week. Resource linked stocks and automakers closed higher. Shanghai index for the year is down 9%. China exports surged 21% in January and imports soared 85.5%.
123jump.com Staff
10 Feb, 2010
New York City
Mumbai stocks closed lower on the worries that stimulus may be withdrawn sooner than expected. Cement makers rise for the second day after cement sales increased 15% in January. Uttam Galva promoters plan to sell 4.9% stake to Arcelor Mittal. Iraq offers to increase crude oil supply by 60% to India.
Mayank Mehta
10 Feb, 2010
New York City
European indexes closed higher ahead of the EU summit and a prospect of a Greek bailout. However, Greece may face tough conditions for any financial assistance. January passenger traffic increased at Fraport AG. PSA Peugeot Citroen full year revenues dropped 11%.
