123jump.com Staff
27 Jan, 2010
New York City
U.S. stocks traded lower ahead of rate decision from the Fed this afternoon. New Home sales in December declined 7.6% and dropped 23% in 2009. Yahoo and McGraw Hill edge higher after earnings. Commodites edge lower and the dollar retained upward bias.
123jump.com Staff
27 Jan, 2010
New York City
World markets edge lower as investors confront the prospect of rising interest rates and fewer lending supports from the central banks. Federal Reserve is expected to end its $1.25 trillion mortgage bonds markets support and the ECB is preparing to trim stimulus measures.
123jump.com Staff
27 Jan, 2010
New York City
Sales up 32% to $15.68 billion & net income rose 49.5% to $3.38 billion or $3.67 a share. Operating margin was highest ever at $3.73 billion representing 30.1% of revenue. Total gross margin was 40.9%. Operating expenses were $1.69 billion & included $168 million in stock-based compensation expense.
123jump.com Staff
27 Jan, 2010
New York City
Second quarter revenues fell 19% to $15.0 million. Third quarter revenues fell 11% to $15.2 million & net loss of $1.4 million. Operating expenses in the 3rd quarter 2009 were $16.9 million an improvement of 6% as compared to a restated $18.0 million in the prior-year period.
Mayank Mehta
26 Jan, 2010
New York City
Indexes in Shanghai and Hong Kong declined more than 2.4% after China tightened the bank lending. The uncertainty of additional monetary steps kept investors away. China Oil and Gas prices its placement near the low end of the range. Foxconn declined on profit warning.
123jump.com Staff
26 Jan, 2010
New York City
Bank of Japan left its key lending rate on hold and said it will keep its monetary policy accommodative to fight the deflationary forces. Service index declined 1.5%. KDDI purchased 38% stake in the broadband network Jupiter Telecom.
Darlington Musarurwa
26 Jan, 2010
New York City
European Union to probe Rio Tinto and BHP Billiton iron ore joint venture. NZ credit card business spending falls 1.3% in December.
123jump.com Staff
26 Jan, 2010
New York City
U.S. stocks wavered in trading after China began tightening bank lending. Confidence indexes in the U.S. and Germany climbed. U.S. home price index showed a fraction gain. Commodities retained a negative bias. European markets closed higher.
Mayank Mehta
26 Jan, 2010
New York City
European markets closed higher after business climate index in Germany increased and UK reported its first quarterly gain in seven quarters. Siemens rallies 5% after reporting sector profit increase of 11%. Novartis net surges 49% and appointed new chief executive.
Mayank Mehta
26 Jan, 2010
New York City
UK showed first quarterly economic expansion in the last quarter with a rise of 0.1%. The economy shrank 6% in the last six quarters. The GDP declined 4.9% in 2009. UK stocks traded volatile after the weakness in commodities prices.
Mayank Mehta
26 Jan, 2010
New York City
United States Steel Corporation led the decliners in the S&P 500 index after it reported fourth quarterly loss in a row. Mortgage insurers increased after MGIC Corp reported lower than anticipated loss. Cigna declined on a downgrade. Sherwin-Williams surged after it offer higher annual outlook.
123jump.com Staff
26 Jan, 2010
New York City
The leather goods maker quarterly revenue rose 11% to $1.1 billion. Net income increased 11% to $241 million driven in part by North American comparable store sales of 3.2% in the quarter. Earnings per share rose to 75 cents from 67 cents the prior-year quarter.
123jump.com Staff
26 Jan, 2010
New York City
Stocks in New York wavered after China tightened lending. Apple gained more than 2% after it reported quarterly sales increase of 32% and net surge of 50% and indicated higher than expected revenues in the current quarter. The dollar and yen advanced but gold, oil and copper declined.
123jump.com Staff
26 Jan, 2010
New York City
World markets declined after more banks tighten lending in China. The lending in the first two weeks surged to more than $200 billion, nearly 20% of the annual quota. UK barely emerged from the recession that dragged its GDP down by 6% in the previous six quarters.
Darlington Musarurwa
25 Jan, 2010
New York City
Australia
