Mayank Mehta
31 Jul, 2009
New York City
Stocks in India reached five-month high on the back of earnings. Hindalco, Reliance Infrastructure, Great Eastern Shipping and Welspun reported better than expected earnings. Rain deficit at the end of this week has declined to 18% from 27% two weeks ago on above normal rain.
123jump.com Staff
31 Jul, 2009
New York City
The coffeehouse chain reported quarterly revenue dipped 6.6% to $2.4 billion on comparable-store sales fall of 5%. Net quarterly earnings surged to $151.5 million helped by higher margins. The company earned 20 cents a share versus a loss of 1 cent a share a year-ago quarter.
123jump.com Staff
30 Jul, 2009
New York City
Data storage solutions provider second quarter revenues declined 11% to $3.26 billion. Net income declined 43% to $205.2 million. Earnings per share were 10 cents against 17 cents in the year ago quarter. Acquisition of Data Domain is expected to help revenues in the coming quarters.
Mukesh Buch
30 Jul, 2009
New York City
Global markets traded higher after earnings driven optimism lifted markets around the world. In the U.S. MasterCard, Cigna, Motorola delivered better than expected earnings. Initial claims of unemployment increased and crude oil rebounded. Metals in commodities closed higher in London and New York.
Mayank Mehta
30 Jul, 2009
New York City
Stocks in Europe gained on better than expected earnings from Volkswagen. BASF reported 74% decline in earnings and may trim dividend. Siemens third quarter orders decreased 28%. France Telecom net profit fell 4.3%. Volkswagen sales fell 7.7% and net profit fell 83%.
Mayank Mehta
30 Jul, 2009
New York City
UK stocks closed up as metals gain and earnings lift large cap companies and home price rise. Nationwide Building Society estimated 1.3% home price increase July. Rolls Royce adjusted profit beats estimates.
Mayank Mehta
30 Jul, 2009
New York City
Expedia, Inc led gainers in the S&P 500 index with a rise of 13.4%. Amkor Technology, Inc beats second quarter estimates. BorgWarner Inc posts another quarterly loss on charges, the stock plunges 60%. MasterCard surged after quarterly profit. Cigna gained on revised earnings outlook.
123jump.com Staff
30 Jul, 2009
New York City
Earnings dominated trading in Tokyo. Industrial production increased 2.4% in June and in the quarter surged 8.3%. Sony surged after it reported lower than expected loss. Honda soared after it offered better than expected annual earnings.
Mayank Mehta
30 Jul, 2009
New York City
Earnings from companies in various industries in India present a picture of healthy economy and rising corporate spending. ICICI, Mahindra & Mahindra, State Bank of India, Mundra Port and Patni Computer exceeded expectations. Rupee declined 0.3%. Banks and software services providers gained.
Mukesh Buch
29 Jul, 2009
New York City
Commodities dropped sharply after the latest crude oil inventories report from the U.S. and a plunge in Shanghai stocks. Oil dropped 6.5% and natural gas declined 4%. Treasury auction of $39 billion drew more than expected interest.
123jump.com Staff
29 Jul, 2009
New York City
European markets closed higher after earnings lifted stocks in chemical, drugs auto and industrial sectors. Bayer, Akzo Nobel and Sanofi gained. SAP second quarter sales fell 10%. Daimler took
Mayank Mehta
29 Jul, 2009
New York City
UK stocks edged higher as mortgage lending in June increased. BG Group earnings fell 31% on lower energy prices. Cadbury first half profit surged 177%. The auto dealer Inchcape surged after it reported better than expected earnings.
123jump.com Staff
29 Jul, 2009
New York City
The flash memory card maker total revenue declined 10% to $731 million in the quarter. Net quarterly income was $53 million helped by increased pricing and higher royalty revenue. Earnings per share gains were 23 cents compared to a loss of 33 cents per share the prior-year quarter.
Mayank Mehta
29 Jul, 2009
New York City
Yahoo! and Microsoft agree to partner on a search technology and advertising revenue sharing. Microsoft will gain higher visibility for Bing and raise competitive pressures on Google. Yahoo will retain 88% ad revenues for the first ten years but Microsoft will not make any upfront payment.
123jump.com Staff
29 Jul, 2009
New York City
Stocks in Shanghai plunged after investors worried of the government crackdown on new loans and housing bubble. The benchmark index has surged more than 75% in the last nine months. China Cosco dropped after it estimated a loss in the first half on weak container and dry bulk cargo.
