Mayank Mehta
13 Apr, 2010
New York City
European markets closed lower. Greece completed the sale of Treasury bills that drew strong interest from investors however there is a growing doubt that the nation can complete bond sales of five years or longer maturity.
Mayank Mehta
13 Apr, 2010
New York City
Aloca Inc declined after quarterly sales were lower than expected and reported narrower loss. Palm is in discussion with Asia based companies that may result in the company sale. Peabody Energy is negotiating with Coal India for long term supply.
123jump.com Staff
13 Apr, 2010
New York City
U.S. trade deficit rebounds in February with the bounce in the economy. Imports surpass the exports in the month and the U.S. recorded its largest deficit with China, $16.5 billion.
123jump.com Staff
13 Apr, 2010
New York City
Stocks and commodities in New York traded lower after Alcoa reported weaker than expected quarterly sales but narrower loss. U.S. trade deficit in February rose. Greece attracts more investors at its debt sale after emergency aid from the EU and the IMF.
123jump.com Staff
12 Apr, 2010
New York City
Stocks in Shanghai and Hong Kong declined after banks in Beijing tighten mortgage lending for second homes. Property developers led the decliners. Airlines closed higher on the expectations that strengthening yuan will help carriers to pay foreign debts.
123jump.com Staff
12 Apr, 2010
New York City
U.S. stocks edged higher ahead of the earnings season and after the close Alcoa said first quarter loss narrowed to $210 million or 20 cents a share. The euro closed higher after the EU and the IMF offered $61 billion in emergency financial aid at below market rate.
Darlington Musarurwa
12 Apr, 2010
New York City
Home loan approvals in Australia fell 3.4% in February. South Korean steelmaker Posco is likely to support the deal between Macarthur Coal and Gloucester Coal deal.
Darlington Musarurwa
12 Apr, 2010
New York City
The bank loans in Japan fall 2.5% in March. Bank of Japan noted that the economic recovery is still fragile but aggregate demand is not sufficient to sustain the economic target.
Mayank Mehta
12 Apr, 2010
New York City
Stocks in Mumbai traded lower after industrial production surged 15.1% in February prompting worries of rate hike. Sun Pharma gets a U.S. approval for a generic drug. Glenmark Pharma settles patent dispute with GlaxoSmithKline.
123jump.com Staff
12 Apr, 2010
New York City
UK stocks traded higher for the second day led by a rise in retailers. Miners declined. UBM buys electronic design exhibition organizer. Ladbrokes sells its Italian business. e2v technologies revenues plunge. Hikma Pharmaceuticals takes full control of Algerian joint venture.
Mayank Mehta
12 Apr, 2010
New York City
European markets recovered from the lows of the day to close up after the EU and IMF offered details of emergency bailout to Greece. UBS AG added more than 3% after it estimated first quarter profit and assets outflow declined in the period. Greek benchmark stock index surged more than 6%.
123jump.com Staff
12 Apr, 2010
New York City
DynCorp surged 48% after it agreed to be acquired by a private equity firm Cerberus Capital Management LP for $1.5 billion. Mirant Corp and RRI Energy agreed to merge in a stock transaction. UBS AG advanced after it indicated pre-tx profit.
123jump.com Staff
12 Apr, 2010
New York City
U.S. stocks advanced in the early morning ahead of earnings season. The EU-IMF led bailout offered 45 billion euros of loans for three years to Greece. The euro edged higher. ConocoPhillips is in discussions with Sinopec of China to sell Syncrude Canada for $4 billion.
123jump.com Staff
12 Apr, 2010
New York City
Revenues up 23% to $1.07 billion & net income fell 26% to $92.6 million or 60 cents a share. Operating income fell in the qtr to $173 million. Excluding the litigation reserve operating income up 3% to $217 million. Bad debt expense as a percentage of revenue was 6.9% compared to 4.1% a year ago.
123jump.com Staff
12 Apr, 2010
New York City
Sales fell 3.7% to $3.89 billion and net income fell 18.6% to $887 million or $1.60 a share. Gross profit declined 17% to $2.1 billion while gross margins declined eight percentage points to 54%. For the first six months gross profit for the company is down 30% or $1.2 billion.
