123jump.com Staff
01 Oct, 2009
New York City
Weak manufacturing report sent another alert to investors that the pace of U.S. economic recovery is likely to be weak. Manufacturing activity expanded but at a slower pace in September. Construction spending increased in August and weekly jobless claims advanced.
123jump.com Staff
30 Sep, 2009
New York City
Bank of America chief executive Kenneth D. Lewis offered his resignation to the board. The board has still not selected a successor. Bank of America has received three government bailout totaling $45 billion and $118 billion of asset guarantees.
Mukesh Buch
30 Sep, 2009
New York City
The three popular indexes gained around 15% in the third quarter and several European indexes closed up between 15% and 23%. Australia index surged 20% and the benchmark added 17% in India. The Shanghai index fell 6.1%. in the quarter. Gold added 8.7% in the third quarter.
123jump.com Staff
30 Sep, 2009
New York City
Bharti Airtel and MTN Group agreed to shelve their merger talks after two companies and South African government failed to agree on management structure. MTN Group stock is expected fall and rand in local trading decreased 2.5%.
Mayank Mehta
30 Sep, 2009
New York City
The benchmark index Sensex 30 close above 17,000 as investors focused on upcoming earnings season. India is facing the driest monsoon season in the last 37 years. Financial Technologies Ltd plans to raise 1,500 crore rupees. Oil India Ltd traded up 10% in its first day of trading.
Mayank Mehta
30 Sep, 2009
New York City
Austria, Ireland and Milan led the regional benchmark index gains in the third quarter. German seasonally September unemployment increased 10,000. Bayer was among the leading decliners on a brokerage downgrade and negative results of the initial trials of anti-breast cancer drug.
123jump.com Staff
30 Sep, 2009
New York City
The UK benchmark index closed lower but surged 20.8%, its best quarterly gain since 1984. The index has gained 46% since its low in March and is below 5.2% from a year ago. Marks & Spencer fell on cautious outlook. Hays dropped on regulatory fine. Man Group assets under management increased.
Mayank Mehta
30 Sep, 2009
New York City
Ameriprise surges after it agreed to acquire Columbia Asset Management from Bank of America for as much as $1.2 billon. CIT plunged 30% after it cited the possibility of bankruptcy filing. Darden Restaurants fell after quarterly sales declined. Hoku Scientific soared on China investment.
123jump.com Staff
29 Sep, 2009
New York City
Japan stocks are likely to trade weak as the yen hovers near its high for the year. Consumer price index decreased in August from a year ago. The comment from Finance Minister on strong yen policy failed to sway the market sentiment. Tokyo Motor Show is scheduled to open with record low exhibitors.
123jump.com Staff
29 Sep, 2009
New York City
Australia reported lower budget deficit for the year ending in June. The deficit announcement lifted banks and retail stocks. Australian dollar closed at 87 U.S. cents.
123jump.com Staff
29 Sep, 2009
New York City
The Federal Deposit Insurance Corp is seeking prepayment of next three years of premiums and raise the cost of insurance by three basis points as lawmakers resist yet another bailout of the banking industry. The $22 billion fund is insuring $4 trillion of bank deposits.
Mukesh Buch
29 Sep, 2009
New York City
World markets decreased as investors worry about the pace of economic recovery. FDIC plans to collect premiums from banks in advance to cover the shortfall. Tech and real estate stocks led the decliners in New York. European markets closed lower on weak steel stocks.
Mayank Mehta
29 Sep, 2009
New York City
European stocks traded mixed as investors digested mixed economic reports. TUI AG will offer additional loans to the troubled Hapag-Lloyd AG. Steelmakers declined after Salzgitter launched bond offering. ArcelorMittal made cautions remarks regarding economic recovery.
Mayank Mehta
29 Sep, 2009
New York City
UK second quarter GDP was revised to a decrease of 0.6% from the first quarter or 5.5% annual rate decline. The previous estimate was 0.7% fall. TUI Travel on track and raises
Mayank Mehta
29 Sep, 2009
New York City
The financial guarantee provider MBIA Inc led decliners in New York trading. Media companies gained after Gannett estimated higher adjusted earnings. Walgreen Company surged on better than expected earnings. Polo Ralph Lauren gained on a broker recommendation.
