Mayank Mehta
27 Aug, 2009
New York City
UK stocks edged lower for the second day after financials and miners closed lower. Arriva Plc and Diaego Plc reported weaker than expected results. Kazakhmys increased after it estimated higher production volumes and lower operating costs in the current year. Savills Plc decreased 8.2%.
Mayank Mehta
27 Aug, 2009
New York City
Precision Castparts Corp led gainers in the S&P 500 index with a rise of 9.0%. Coldwater Creek Inc swings to a net loss in the second quarter. Jo-Ann Stores, Inc second quarter sales rise. American Eagle said second quarter sales fell 5% and net dropped 52%.
123jump.com Staff
27 Aug, 2009
New York City
Australian stocks closed unchanged after a weakness in global commodities prices. Woolworths reported higher earnings and guided a rise between 8% and 11% in the current fiscal year. Toll Holdings swung to a net income. Crown wrote down its disastrous foray into international casinos.
123jump.com Staff
27 Aug, 2009
New York City
U.S. stocks staged uptick in the morning trading after the release of final second quarter GDP data. Unemployment claims decreased 10,000. Cash-for-clunkers program helped to sell 700,000 vehicles. Drought conditions persist in India.
Mayank Mehta
27 Aug, 2009
New York City
Stocks in Mumbai increased after the revival of monsoon and rising capital spending by government and private sector companies. Tata Steel swung to a loss. Automakers are gearing up for the festival season with the expectations of higher sales. Bharti- MTN talks progress.
123jump.com Staff
26 Aug, 2009
New York City
Stocks in cautious trading edged higher ahead of national election and two economic reports. The benchmark index is hovering at stretched valuation ahead of reports on inflation and unemployment. The DJP party is leading in polls ahead of national election on Aug 30. Toyota lowers production target.
Mukesh Buch
26 Aug, 2009
New York City
U.S. stocks traded sideways after the release of durable goods orders, new home sales and weekly inventory reports. European markets decreased but hovered near 10-month high. Crude oil declines and natural gas tradees near seven-year low. European markets edge lower on weak metals and commodities.
Mayank Mehta
26 Aug, 2009
New York City
Australian stocks edged higher as international markets closed up. The positive sentiment was further bolstered by a surge in earnings at Macarthur Coal. Westfield surged after it reported a net loss but guided stable property values and said it does not need additional capital.
Mayank Mehta
26 Aug, 2009
New York City
Stocks in Mumbai edged higher as companies report new export orders. IT and auto sector stocks edged higher. Large order fuels Aban Offshore. Tech Mahindra in demand after new order win. NTPC gains on a likely government support in the natural gas dispute with Reliance Industries.
123jump.com Staff
27 Aug, 2009
New York City
The pet products and services retailer net quarterly sales grew 5.4% to $1.3 billion on comparable store sales rise of 0.8%. Net quarterly income rose 4.6% to $39 million as a result of lower taxes and an increase in sales. Earnings per share was 31 cents versus 30 cents a year-ago quarter.
Mayank Mehta
26 Aug, 2009
New York City
European markets edged lower on a weakness in miners and commercial banks. Natixis surged on the expectations of profit in the third quarter. Continental AG said it repaid
Mayank Mehta
26 Aug, 2009
New York City
UK stocks declined after the flood of weak earnings. The benchmark index edged lower after surging to new highs in three of the last six days of trading. Antofagasta declined after first half earnings fell. Tullow Oil, Premier Oil and Cairn Energy fell on the weak sentiment in the resource stocks.
Mayank Mehta
26 Aug, 2009
New York City
Torchmark Corporation led the decliners in the S&P 500 index with a loss of 3.8%. Brown Shoe Company reported second quarter net loss. Dollar Tree comparable same store sales increased 6.8%. Bridgepoint Education files for secondary offering.
123jump.com Staff
26 Aug, 2009
New York City
Intuit fourth quarter revenue declined marginally to $475.77 million as revenues remained flat but costs and expenses rose. Net loss for the quarter rose 14.2% to $70.7 million. Losses per share were 22 cents against 19 cents in the year ago quarter.
123jump.com Staff
26 Aug, 2009
New York City
The farm equipment maker net quarterly sales and revenues dropped 24% to $5.9 billion. Net quarterly profit declined 27% to $420 million hurt by lower shipment, production volumes and the unfavorable effects of foreign exchange. Earnings per share slipped to 99 cents from $1.32 a year-ago quarter.
