Darlington Musarurwa
15 Jan, 2010
New York City
Stocks in Japan edged higher led by strength in banks. Japan is expected to restructure JAL through a bankruptcy court on Jan 19. Japan wholesale prices fall 5.3% in 2009. Shiseido agreed to acquire Bare Escentuals for $1.7 billion. Sony and Nintendo December US game console surge.
Mayank Mehta
15 Jan, 2010
New York City
A barrage of earnings drove market trading in Mumbai. Engineers India soars after government plans a stake sale of 10%. Maharashtra Seamless Ltd secures export orders. HDFC Bank net surges 32%. Tata Consultancy quarterly net soared 33%. GTL acquires for $1.8 billion Aircel tower assets.
Mayank Mehta
15 Jan, 2010
New York City
European markets fell sharply and German bond yield gained. The euro declined. Banks and brokerages declined after JPMorgan increased consumer loan loss provisions. Solar energy related companies declined as Germany may lower subsidies to the industry.
Mayank Mehta
15 Jan, 2010
New York City
The UK benchmark index declined 1.3% for the week and dropped nearly 0.7% today. Stocks weakened after commodities edged lower and the pound traded volatile against the euro and the dollar. The asset manager Man Group declined after assets under management shrank. Experian quarterly sales were flat.
Mayank Mehta
15 Jan, 2010
New York City
Interactive Data Corp surged 11% after its UK parent Pearson Plc said it may sell its stake in the company. Bare Escentuals Inc soared 42% after it agreed to be acquired by Japan based Shiseido Co for $1.7 billion in cash. Manitowoc Co said plans to sell $400 million in unsecured debt.
123jump.com Staff
15 Jan, 2010
New York City
European markets closed mixed in nervous trading and the euro fell on the growing worries related to Greek budget deficit. Spain, Portugal and Italy are also worrying central bank regulators. November Euro area trade surplus was 4.8 billion euros and annual inflation increased 0.9%.
123jump.com Staff
15 Jan, 2010
New York City
U.S. stocks traded lower in the morning and commodities fell and U.S. Treasuries advanced. JP Morgan Chase net tripled but retail banking unit reported a loss dragging market sentiment. Consumer price index increased 0.1% in December and for the year advanced 2.7%.
123jump.com Staff
14 Jan, 2010
New York City
Stocks in volatile trading closed higher but commodities tracked lower. JP Morgan and Bank of America, Goldman Sachs and Citigroup each will face more than $1 billion a year tax to pay for additional tax proposed by the White House.
123jump.com Staff
14 Jan, 2010
New York City
President Obama unveiled new fee on banks and financial institutions to recoup losses used in the TARP bailout. The President using strong language and sharp focus on compensation practices and risk taking behavior vowed to recover $120 billion over twelve years.
123jump.com Staff
14 Jan, 2010
New York City
European bonds and currencies markets were rattled as the pressure builds on Greece to trim its budget deficit soon. The ECB President and German Chancellor comments added more pressure on Greek lawmakers to trim budget deficit to 8.7% from the current 12.7%. The euro declined against the dollar.
123jump.com Staff
14 Jan, 2010
New York City
UK stocks closed higher on the strength in resource stocks. Mining and metals stocks gained after Rio Tinto said fourth quarter iron ore production surged 49%. Home Retail Group dropped 6% on cautious outlook. Associated British Foods and Halfords sales increased in the holiday period.
Darlington Musarurwa
14 Jan, 2010
New York City
Australian dollar and stocks gained after the release fourthly monthly jobs gains in December. Unemployment fell 0.1% to 5.5% and business across the economy added staff. Rio Tinto iron ore production surged 49% on China demand.
Darlington Musarurwa
14 Jan, 2010
New York City
Stocks in Japan rose after machine tools orders surged for the first time in eighteen months in December but broader machinery orders declined. Shipping companies surged on the reports that Mitusi OSK will report pre-tax profit of 11 billion yen. Softbank Corp gained.
123jump.com Staff
14 Jan, 2010
New York City
American Movil plans to issue stocks worth $18 billion to acquire the land line operator Telemex in Mexico. Briggs & Stratton said latest quarterly earnings declined 6%. Zale Corp forced its chief executive after weak holiday sales.
123jump.com Staff
14 Jan, 2010
New York City
U.S. stocks traded lower after retail sales declined and weekly jobless claims increased. Prices of imported goods were unchanged in December but exported goods increased 0.6%. Briggs & Stratton reported latest quarterly earnings per share of 6 cents and CRA International of 23 cents.
