123jump.com Staff
24 Aug, 2009
New York City
Stocks in the morning trading edged higher after sharp gains in Asia and a rise in European markets. Commodities edged higher with crude oil reaching another intra-day high for the year. Agriculture commodities trade up.
123jump.com Staff
24 Aug, 2009
New York City
The online diamonds and jewelry retailer net quarterly sales dipped 5.2% to $69.9 million. Net quarterly income declined 12.5% to $2.8 million. Earnings per share fell to 19 cents from 20 cents a year-ago quarter. The company estimates sales between $288 million and $295 million in fiscal 2009.
Mayank Mehta
24 Aug, 2009
New York City
Stocks in Mumbai rallied on the rise in commodities prices and optimistic view on the world economic recovery. Asian markets surged sharply with a rally in Japan and China. Fortis Healthcare acquired 10 hospitals from Wockhardt Hospitals for $188 million.
123jump.com Staff
22 Aug, 2009
New York City
The clothing retailer net quarterly sales decreased 23% to $648.5 million on comparable store sales fall of 30%. Net quarterly loss was $26.7 million on charges related to the closure of its Ruehl operations. The company lost 30 cents a share versus earnings of 87 cents a share a year-ago quarter.
Mukesh Buch
21 Aug, 2009
New York City
World markets rebounded after the release of better-than-expected home sales in the U.S. The indexes in Americas and Europe reached a new high and crude oil hit record intra-day high for the year. Economic conditions improve in Germany and France. India prepares for stake sale of listed companies.
123jump.com Staff
21 Aug, 2009
New York City
Australian stocks edged lower on high volume after the liquidation of Future Fund holding of Telstra share and weak commodities sentiment. Australia proposed to eliminate tax on federal debt held by foreigners.
123jump.com Staff
21 Aug, 2009
New York City
European markets extended early gains after the release of U.S. housing data. German service index surged on the rise in confidence in the industry and French manufacturing index showed expansion on new orders. Volkswagen rebounded.
Mayank Mehta
21 Aug, 2009
New York City
Resources and energy companies led the gainers in London trading. The benchmark index FTSE 100 index surged 2% and for the week added 2.9% to 4,850.89. The index crossed 4,800 for the first time in eleven months. Legal & General, Aviva and Prudential closed higher.
Mayank Mehta
21 Aug, 2009
New York City
Brocade Communications declined after it swung to net loss. Foot Locker, Gap, Pacific Sunwear, Zumiez and Ann Taylor declined on weak results. Intuit declined on higher than expected loss. Mentor Graphics surges on guidance.
123jump.com Staff
21 Aug, 2009
New York City
Existing home sale in July increased for the fourth month in a row. The steady gains in sales are supported by low interest rates and weak price environment across the country. Home builders gained after the release of the report.
Darlington Musarurwa
21 Aug, 2009
New York City
Stocks in Japan rebounded on the hopes that global economic recovery will take hold in the last quarter. Automakers declined after the U.S. ends rebate program for the new vehicles purchase. Japan Airlines and Nippon Yusen explore merger of cargo operations.
Mayank Mehta
21 Aug, 2009
New York City
Stocks in Mumbai rebounded after government plans to lower stake in state controlled listed companies and ask private companies to increase public float. The Cabinet raised debt ceiling to 4% for state government allowing additional $5 billion of borrowing.
Mukesh Buch
20 Aug, 2009
New York City
World market indexes closed higher after indexes in Asia, North America and Europe rebounded. Commodities prices edged higher but natural gas dipped below $3 mBTU. World steel production fell at a slower pace in July. AIG surges on tough talk by the newly appointed chief. Sears reports wider loss.
123jump.com Staff
20 Aug, 2009
New York City
Stocks in Japan edged higher after commodities prices increased and Chinese stocks rebounded. Japan construction machinery association lowered its estimate for shipments. Auto and truck makers gained on brokerage recommendation.
123jump.com Staff
20 Aug, 2009
New York City
The benchmark indexes in Shanghai and Hong Kong recovered after banks reported improving margins and higher net lending. Increase in commodities prices also lifted stocks of copper and coal miners. Hong Kong consumer prices declined 1.5% in July. China Mobile profit growth slows.
