123jump.com Staff
22 Oct, 2009
New York City
China reported third quarter gross domestic product rise of 8.9%. Investors worried that the government may cut the economic stimulus as property prices and stocks rise in the year. Hong Kong and Shanghai stocks fell. Datang International Power swung to a net profit on a sharp drop in coal prices.
123jump.com Staff
22 Oct, 2009
New York City
Stocks in Australia are expected to open higher after a rally in New York. Commodities edged lower after fears of rising inflationary pressures in China. Newcrest Mining reported 22% decline in production in the latest quarter. Wesfarmers same store sales increased 6.1% in the fiscal first quarter.
Mayank Mehta
22 Oct, 2009
New York City
The Wholesale inflation index showed an increase in inflation in the week ending on October 10. Price decline two months ago was revised sharply lower. Larsen & Toubro declined after it estimated sales rise of 15% in the next year. Hero Honda net surged 95%.
Mukesh Buch
22 Oct, 2009
New York City
U.S. recovered after investors decided to focus on a select list companies that reported better than expected earnings. McDonald
Mayank Mehta
22 Oct, 2009
New York City
European markets fell after banks closed mixed and miners traded lower. Ericsson dropped 6% after quarterly net plunged 71%. Credit Suisse dropped 3% after reporting third quarterly profit in a row. Schneider SA quarterly sales fell 15%. Bilfinger Berger AG completed its
Mayank Mehta
22 Oct, 2009
New York City
Stocks in London closed lower after miners and commodities priced declined. China reported rising inflationary pressures as the economy expanded at 8.9% in the third quarter. September retail sales rose 2.4% from a year ago. Punch Tavern and Enterprise Inns surged on a favorable ruling.
Mayank Mehta
22 Oct, 2009
New York City
New York Times led the gainers after it reported better than expected operating profit on the higher retail sale prices and operations cost cuts. Janus led the decliners after it reported weaker than expected earnings. 3M Company gained on earnings. AT&T reported flat quarterly net.
123jump.com Staff
22 Oct, 2009
New York City
U.S. stocks fell in the morning trading after weekly jobless claims increased. Beige Report painted weak economic outlook and indicated patchy and uneven recovery. Quarterly reports released at most companies today indicated weak sales and falling earnings.
Mayank Mehta
21 Oct, 2009
New York City
European markets closed lower after a weakness in industrial and financial stocks in the region. PSA Peugeot declined on weak sales outlook. Deutsche Bank reported earnings and a weak investment banking performance in the U.S. The luxury brands manager PPR SA fell after it reported weak sales.
Mayank Mehta
21 Oct, 2009
New York City
UK stocks closed nearly unchanged after early losses. BAA Ltd sold Gatwick airport for
Mayank Mehta
21 Oct, 2009
New York City
SLM Corp led gainers in the S&P 500 index with a rise of 19.6%. Air Products & Chemicals, Inc third quarter profit falls on lower revenue. U.S. Bancorp increased after quarterly revenues surged 26.5%. KeyCorp dropped after earnings dropped more than expected.
Mukesh Buch
21 Oct, 2009
New York City
U.S. stocks closed lower on the weakness in banks. Analyst downgrade of Wells Fargo dragged the market sentiment lower. Morgan Stanley closed higher on earnings. Allegheny Technologies led the decliners in lower than expected sales and earnings. SanDisk surged on higher sales outlook.
123jump.com Staff
21 Oct, 2009
New York City
U.S. stocks trade lower as investors face rising interest rates in UK and Asia. Treasury Secretary Geithner indicated that initial TARP programs may be terminated and bank capital purchase program will be permitted to expire at the end of this year. Yahoo, Boeing and Morgan Stanley are in focus.
Mayank Mehta
21 Oct, 2009
New York City
Sesa Goa fell after earnings but indicated three-fold iron ore production increase to meet China demand. Banks declined after the Reserve Bank of India ruling may force higher competition among lenders and lower rates to borrowers. State Bank of India raised $750 million through the sale of bonds.
Mayank Mehta
21 Oct, 2009
New York City
BHP Billiton reported higher oil and iron ore production in the third quarter but indicated softer demand from China. Centro Properties was sued by the Australian regulators. A significant number of shareholders registered protest to the remuneration of its former chief executive.
