Darlington Musarurwa
27 Oct, 2009
New York City
U.S. stocks gyrated after the latest measure of consumer confidence showed a decline. Metropolitan home prices increased for the third month in a row as the tax incentives supported the market. Crude oil gained. BP plc reported better than expected earnings on cost control.
Darlington Musarurwa
26 Oct, 2009
New York City
China
Darlington Musarurwa
26 Oct, 2009
New York City
Japanese rail technology companies may benefit from new orders from China as it builds high speed links between Beijing, Shanghai and Guangzhou. Toyota Industries Corp. reviews full year profit forecast. JFE Holdings first half profit eases to 28.7 billion yen. Chiyoda Corp drops on revised outlook.
Darlington Musarurwa
26 Oct, 2009
New York City
Australian producer prices increased at 0.1% in September, smaller rise than expected. The prospects of interest rate increase at the next RBA meeting remain high. The largest sugar refiner, CSR Ltd. plans a rights offering of A$375 million.
Mukesh Buch
26 Oct, 2009
New York City
Home builders, banks and newspapers publishers closed lower. Banks fell on the worries that more capital may be needed to meet regulatory requirements. Home builders fell before the expiry of first-time home buyer tax incentives. Newspapers circulation decline accelerated in the last six months.
Mayank Mehta
26 Oct, 2009
New York City
Banks and insurers fell after cautious comments from Deutsche Bank. The nuclear reactor builder Areva SA completed
123jump.com Staff
26 Oct, 2009
New York City
UK stocks tracked the gains in commodities and energy prices. The legal outsourcing services provider CPA Global is likely to be acquired by a private equity firm for
Mayank Mehta
26 Oct, 2009
New York City
RadioShack Corporation led gainers in the S&P 500 index with a rise of 12.5%. Alberto Culver Co profits exceed expectations. Bank of Hawaii Corp declares dividend. Lorillard, Inc quarterly net edged lower. China based Sohu.com and Changyou.com declined on earnings outlook.
123jump.com Staff
26 Oct, 2009
New York City
Mumbai stocks closed lower ahead of the Reserve Bank of India rate decision tomorrow. The RBI lowered its economic growth target to 6% from 6.5%. Maruti Suzuki quarterly sales surged 47%. Pantaloon Retail quarterly net increased 21%. Dena Bank, Canara Bank and ING Vysya earnings surge.
123jump.com Staff
26 Oct, 2009
New York City
Stocks in New York traded higher in the early trading after investors focused on earnings. Verizon reported higher earnings on cost cuts and net customer additions. Corning Inc net declined on 5% fall in sales. Markets in China and Japan edged higher.
Mukesh Buch
23 Oct, 2009
New York City
U.S. market indexes closed lower as the economic sensitive railroads estimated weaker outlook for the rest of the year. Transportation sector weakness dragged the broader market lower but tech stocks advanced after earnings from Microsoft and Amazon.com.
123jump.com Staff
23 Oct, 2009
New York City
German business confidence index increased to a 13-month high and UK third quarter gross domestic product shrank 0.4%. Weak oil dragged Total SA, Eni SpA and Repsol. Volvo AB gained 5% after it reported a lower than expected loss. Euro hovered near its highs against the dollar and the pound.
Mayank Mehta
23 Oct, 2009
New York City
UK third quarter GDP fell at 0.4%. The six quarterly declines in a row is the longest streak since the record keeping began in 1955. The latest economic data surprised most economists and the prospect of the economic recovery remain slim.
123jump.com Staff
23 Oct, 2009
New York City
Amazon.com surged 19% after it reported sharply higher quarterly results. Microsoft gained 10% on higher than expected earnings as it accelerates cost cutting. Home builders trade lower. Oil complex stocks fell as the oil prices edge lower.
123jump.com Staff
23 Oct, 2009
New York City
New York stocks declined as investor stay on the sidelines as earnings parade continues. Microsoft, Amazon.com and Whirlpool surged on earnings. Most companies are still reporting decline in earnings and sales in the latest quarter. Energy complex stocks traded lower on weak crude oil prices.
