Darlington Musarurwa
31 Aug, 2009
New York City
Australian companies gross profits dropped 7.8% in second quarter form the first and declined 14.7% from the quarter a year ago. Reserve Bank of Australia reported today business credit fell 0.3% in July after falling 0.6% the previous month. Lending to businesses also slumped 0.7%.
Mayank Mehta
31 Aug, 2009
New York City
European markets declined after commodities fell on China worries. Banks in Ireland plunged on the worries that the government many pay less for the bad loans. Bertelsmann reported loss in the first half and estimated annual loss. The private equity firm Wendel declared loss in the latest quarter.
123jump.com Staff
31 Aug, 2009
New York City
Marvel Entertainment surged after Disney offered $50 a share buyout. BJ services gained more than 7% after Baker Hughes agreed to acquire the company for $5.5 billion. E*Trade increased after Citadel canceled its plan to sell shares.
123jump.com Staff
31 Aug, 2009
New York City
Baker Hughes expands into pressure pumping with the acquisition of BJ Services. Upon the completion of the merger, BJ Services shareholders will control 27.5% of outstanding shares of Baker Hughes. The recent oil and natural gas discoveries in Canada have been in oil shale formation.
123jump.com Staff
31 Aug, 2009
New York City
Disney Acquires Marvel Entertainment as it expands its portfolio of character library. Disney stock has languished in the last five years and hopes that Marvel characters can help to draw more people to its theme parks and contribute to international sales.
123jump.com Staff
31 Aug, 2009
New York City
Global stocks edged lower after commodities prices fell on the China worries. The benchmark index in Shanghai plunged 7% after investors worried of stretched valuations. Japan voted out the Liberal Democratic Party after nearly five decades in power. Euro zone consumer prices fell at a slower pace.
123jump.com Staff
29 Aug, 2009
New York City
Australian stocks edged higher as copper races to 11-month high. However the inventories of other base metals are near three to five year highs. Harvey Norman full year sales fall and Sims Metals posted full year net loss. Aquila Resources surges 9% after China based Baosteel acquires 15% stake.
123jump.com Staff
29 Aug, 2009
New York City
Industrial and power equipment companies surged in Mumbai trading as private and government linked companies place orders for equipment. Metals processor also gained after the rise of copper and other base metal prices. Indian unit of Procter & Gamble jumped after earnings surged.
123jump.com Staff
28 Aug, 2009
New York City
L
Mayank Mehta
28 Aug, 2009
New York City
The advertising agency Aegis first half profit plunged but revenues increased. Johnston press losses widen as revenues declined 25%. PartyGaming revenues decline on strong dollar. Songbird Estate prepares to sell stakes to Chinese and Middle Eastern investors.
Mayank Mehta
28 Aug, 2009
New York City
Intel revised to current quarter sales outlook higher. Dell reported better than expected earnings. J. Crew, Inc increased after its quarterly revenues and income increased. Tiffany & Co surged on revised sales and earnings outlook. Toll Brothers offered weak revenue outlook for the fourth quarter.
123jump.com Staff
28 Aug, 2009
New York City
U.S. stocks traded sideways when most investors ignored the better sales forecast from Intel and better than expected earnings from Dell. Dollar edged higher. Sugar traded near high and copper rebounded to trade below $3 level.
123jump.com Staff
27 Aug, 2009
New York City
Strong yen and the talks of China curbing overcapacity in several industries dragged the benchmark index lower from the 11-month high. Three mobile handset makers are discussing merger. Nippon Sheet Glass drops 7% after its chief executive resigns abruptly.
123jump.com Staff
27 Aug, 2009
New York City
U.S. stocks traded sideways in light trading. Final read on the second quarter GDP, a decline in weekly unemployment claims and a rise in auto sales helped the sentiment. AIG and Citigroup surged on speculation. Weak earnings in Europe dragged indexes lower. U.S. sold $28 billion of bonds.
Mayank Mehta
27 Aug, 2009
New York City
European benchmark indexes declined after weak earnings reports. German consumer price index was flat in august and consumer spending increased on auto rebate program. Accor reported first-half net loss and Casino Guichard net flat but Credit Agricole net surges.
