Darlington Musarurwa
24 Jun, 2009
New York City
European markets recovered in the afternoon trading. The OECD deepened its estimate of recession in Germany and UK but lifted its outlook among 30 member nations. Steel products distributor surged 5.1% after it indicated 1.6 billion euro capital for acquisition.
123jump.com Staff
24 Jun, 2009
New York City
UK stocks surged after a rebound in mining companies. The better than expected U.S. durable goods orders lifted stocks in UK and Europe. The OECD forecasted deeper recession for UK and slower recovery in 2010. Better than expected profits lifted Stagecoach, Imagination Technologies and Inchcape.
123jump.com Staff
24 Jun, 2009
New York City
Japanese exports fell 40.9% in May after falling 39.1% in April. The decline in exports to Asia and the U.S. was larger than expected. Investors overlooked the exports weakness and bid up electronics and machinery makers. Retailers fell on the worries that consumer spending is uncertain.
Mayank Mehta
24 Jun, 2009
New York City
Supervalu led the decliners in the S&P 500 index with a loss of 11.9%. AeroVironment fourth quarter net down 9%, Shares up. American Greetings first quarter earnings declined 25%. Net income at Monsanto fell 14% and Oracle declined 7%.
Mayank Mehta
24 Jun, 2009
New York City
Stocks in Mumbai gained despite the weakness in commodities prices and worries about the government issuing large amount of debts to fund fiscal deficit. Educomp Solutions surged after it formed a joint venture with UK based Pearson Plc for vocational training. ONGC reported 16% decline in earnings.
123jump.com Staff
24 Jun, 2009
New York City
The electronics retailer first quarter revenue rose 12% to $10.10 billion but profit declined 14.5% to $153 million hurt mainly by restructuring charges. Earnings per share were 36 cents as against 43 cents in the year ago quarter.
123jump.com Staff
24 Jun, 2009
New York City
Investors in Australia were cautious ahead of the U.S. rate decision. Gold and crude oil prices edged higher. Lion Selection and Catalpa Resources agreed to merge to create a mid-tier gold producer. On the last day of rights offering Rio Tinto share edged higher.
123jump.com Staff
24 Jun, 2009
New York City
The defense contractor revenue grew 12% to $2.65 billion in the quarter. Net quarterly income increased 13% to $116 million helped by higher government spending on defense and cyber security. Earnings per share rose to 28 cents from 24 cents the prior-year quarter.
123jump.com Staff
23 Jun, 2009
New York City
The U.S. dollar declined as the U.S. bonds auction of $40 billion drew more interest than expected. The Fed is expected to leave rate unchanged at the end of the 2-day meeting tomorrow. Crude oil declined. Huntsman Corp agreed to $1.73 billion settlement with Credit Suisse and Deutsche Bank.
123jump.com Staff
23 Jun, 2009
New York City
Huntsman Corp agreed to a far lower settlement with Deutsche Bank and Credit Suisse for a failed merger with Apollo Management. Apollo retracted its $10.5 billion merger after Credit Suisse and Deutsche Bank reneged on their commitment to fund the chemical maker acquisition.
Mayank Mehta
23 Jun, 2009
New York City
The benchmark indexes in Europe closed mixed. German economic growth rate was revised lower and jobless rate revised higher for 2010. French business and German consumer confidence are on the upswing. Credit Suisse and Deutsche Bank will pay a total of $1.73 billion in a settlement to Huntsman Corp.
123jump.com Staff
23 Jun, 2009
New York City
UK mortgage approvals increased 7% in May to 31,162 loans. Drax Group raised
Mayank Mehta
23 Jun, 2009
New York City
Boeing led the decliners in the S&P 500 index after it delayed the launch of 787 Dreamliner. Metro PCS surged after it was selected to replace Tyco Electronics in the S&P 500 index. Rambus plunged on weaker revenue guidance. Steelcase surged after it reported better than expected earnings.
Darlington Musarurwa
23 Jun, 2009
New York City
Stocks in Hong Kong declined but in Shanghai edged up. The global market weakness and lower commodities prices dragged stocks in Hong Kong lower. GCL-Poly Energy agreed to acquire solar components maker Jiangsu Zhongneng Polysilicon for $3.4 billion.
Darlington Musarurwa
23 Jun, 2009
New York City
Stocks in Mumbai trading fell in the morning as Asian markets declined. In the late afternoon market indexes recovered to close nearly unchanged. Satyam Computer appointed new chief. The government reported fiscal deficit in April was 16.3% of the full-year estimate.
