Mayank Mehta
29 Jan, 2010
New York City
Stocks in Japan declined on the worries that earnings at chip companies will be lower. Toyota also halted sales in North America of eight models and recalled as many as 1.8 million cars in Europe. Advantest Corporation led the decliners in the Nikkei 225 Stock Average with a loss of 10.2%.
Mayank Mehta
29 Jan, 2010
New York City
European markets indexes closed higher. Greek bonds rebounded. Spain estimated 2009 deficit of 11.4% and said it will be trimmed to 3% by 2013. Spain also increased retirement age to 67 from 65. Bulgari SpA fourth quarter revenue falls 5% to
Mayank Mehta
29 Jan, 2010
New York City
UK home prices in January edged up 1.2% and are now only 12% lower than their peak in October 2007. Consumer confidence index edged higher in January after dropping for three months in a row. Connaught Plc plunged 11% after its chief executive stepped down.
Mayank Mehta
29 Jan, 2010
New York City
The RBI mopped up additional liquidity by increase cash reserve ratios for banks but left rates unchanged. The RBI also raised its outlook for the economic growth to 7.5% from 6.9% and indicated the rate can be sustained in the next fiscal year. Central government has nearly completed its borrowing.
Mayank Mehta
29 Jan, 2010
New York City
SanDisk dropped after it estimated lower than expected sales in the current year. Amazon.com Inc earnings surged 71% on 42% higher sales. Chevron Corp profit declined 37%. Microsoft quarterly net surged 60% to $6.6 billion.
123jump.com Staff
29 Jan, 2010
New York City
sales rose 41.6% to $1.53 billion and net income rose 197% to $740 million or 47 cents a share. gross margin was 42.4% compared to 40.5% in Q3. Equity earnings were $461 million in the fourth quarter compared to $418 million in Q3.
123jump.com Staff
29 Jan, 2010
New York City
U.S. stocks gained after the economy expanded at the fastest pace in the fourth quarter in six years. Stocks also responded to better than expected earnings from Amazon.com and Chevron. SanDisk, Microsoft and Avery Dennison declined.
123jump.com Staff
29 Jan, 2010
New York City
The U.S. economy expanded at 5.7% in the last quarter of 2009 as businesses rebuild inventories. Consumer and business spending remained sluggish and inflation measure was within the target range set by the Fed. Weak job market has curbed the consumer spending.
123jump.com Staff
29 Jan, 2010
New York City
World markets are still holding out for the prospect of global economic recovery. Asian markets indexes closed mixed with a negative bias and the indexes in Europe edged higher. Unemployment in the Euro zone increased to 10% in December.
123jump.com Staff
29 Jan, 2010
New York City
McDonald
123jump.com Staff
29 Jan, 2010
New York City
The financial services firm reported net quarterly revenue of $9.6 billion. Net quarterly earnings were $4.9 billion as revenue surged in its investment banking and trading and principal investments segments. The company earned $8.20 a share compared to a loss of $4.97 a share a year-ago quarter.
123jump.com Staff
28 Jan, 2010
New York City
U.S. indexes closed lower with tech stocks leading the decliners. Senate reappointed Ben S. Bernanke for a second term as chairman of the Federal Reserve. European markets declined on the worries that Greece may face difficulties balancing its budget.
123jump.com Staff
28 Jan, 2010
New York City
The U.S. Senate confirmed the appointment of Ben S. Bernanke for the second four-year term as chairman of the Federal Reserve with the smallest margin ever. The 70-30 vote was only preceded by a 1983 vote to reconfirm Paul Volcker with 84-16 vote.
Mayank Mehta
28 Jan, 2010
New York City
T. Rowe Price Group reported a surge in earnings and revenues as markets rebound. Qualcomm Incorporated led the decliners in the S&P 500 index with a loss of 13.8%. 3M Co fourth quarter net rises. AT&T Inc profit leaps 26% on gains in the wireless division. Textron Inc posts narrower losss.
Mayank Mehta
28 Jan, 2010
New York City
UK stocks closed lower as the weakness in resource stocks and banks overshadowed better than expected earnings from BSkyB. AstraZeneca reported weaker than expected earnings and lower than expected outlook for the year. Christie
