123jump.com Staff
24 Jul, 2009
New York City
The largest mobile handset maker second quarter sales dropped 25% to
Mukesh Buch
24 Jul, 2009
New York City
U.S. stocks closed mixed after two week rally halted. Weak earnings from Microsoft, Amazon.com and American Express slowed the market momentum. UK second quarter GDP contracted but South Korean economy gained. U.S. consumer confidence fell further in June.
123jump.com Staff
24 Jul, 2009
New York City
Stocks in London closed higher for the tenth day in a row despite the economy contracting in the second quarter. The benchmark FTSE 100 index increased for the tenth day in a row, the longest rally in five years. Vodafone sales increased 9.3% on currency and acquisitions.
Mayank Mehta
24 Jul, 2009
New York City
Chinese search engine company Baidu.com surged 7% after it estimated higher revenues next quarter. Amazon.com, Microsoft and American Express declined after earnings. Broadcom plunged 10% after its net plunged. Sunpower soared on better than expected earning.
123jump.com Staff
24 Jul, 2009
New York City
Home builders, energy companies and resource stocks continued their ascent after Chinese regulators did not revised the mortgage rules for second homes. Separately, statistics bureau in Beijing reported that property sales in China increased 53% in June from a year ago.
123jump.com Staff
24 Jul, 2009
New York City
Reliance Industries, the most valued company in India, revenues declined 22.6% to $7 billion and net income fell 11.5% to $759 million in the fiscal first quarter ending in June. The price decline in crude oil and sharp fall in refining margins contributed the revenues and earnings shortfall.
123jump.com Staff
24 Jul, 2009
New York City
Global rally in stocks lifted Tokyo benchmark index. Fujitsu increased for the second day after offering target for record earnings in fiscal 2011. Panasonic gained 8% on broker recommendation. Shipping companies increased. Japan Tobacco dropped for the second day on the prospect of higher taxes.
123jump.com Staff
24 Jul, 2009
New York City
Improved monsoon rains in the last seven days and earnings momentum lifted the benchmark index Sensex higher. Rupee edged higher. Earnings released from 450 companies to date have increased 17.4% in the first fiscal quarter.
123jump.com Staff
23 Jul, 2009
New York City
Apple Inc quarterly revenue rose 11.8% to $8.34 billion riding on the best non-holiday quarterly revenue ever. Net profit rose by 15% to $1.23 billion. Earnings per share were $1.35 compared to $1.19 in the year ago quarter.
Mukesh Buch
23 Jul, 2009
New York City
U.S. stocks surged on lower than expected rise in unemployment claims and third monthly increase in home sales. Earnings momentum drove the market indexes to record territory for the year. Dow closed above 9,000 for the first time since January. Markets in Asia, Europe and South America closed up.
Mayank Mehta
23 Jul, 2009
New York City
Ford Motor Company reported a loss but expects earnings to improve for the year. eBay, International Game Technology and EMC surged after companies exceeded expectations. Pacific Sunwear declined on lowered earnings outlook. SanDisk revenue guidance disappoints investors.
123jump.com Staff
23 Jul, 2009
New York City
The online auctioneer net revenue dipped 4.5% to $2.1 billion in the quarter. Net quarterly income declined 29% to $327.3 million impacted by a stronger dollar and weakness in the core marketplaces business. Earnings per share decreased to 25 cents from 35 cents a year-ago quarter.
Mayank Mehta
23 Jul, 2009
New York City
Stocks in Mumbai trading surged on positive earnings from Maruti Suzuki, ACC, ITC, Biocon and Union Bank of India. Tata Power and Sterlite completed their international capital raising. The latest read on wholesale inflation index showed a decline.
123jump.com Staff
21 Jul, 2009
New York City
Fed Chairman Bernanke in his prepared remarks for lawmakers indicated that unemployment will remain high till 2011 and slow economic recovery in 2010 will accelerate in 2011. Regions Financial plunged on wider than expected loss in the second quarter. Caterpillar surged on positive outlook.
Mayank Mehta
21 Jul, 2009
New York City
Investors in India worried weak rain in the first 45 days of monsoon season may increase government deficit and lower rural spending. Tata Steel raised $500 million in an offering in Europe. Average sales have increased 11% and earnings 19% at the 230 companies releasing earnings so far.
