Darlington Musarurwa
23 Jun, 2009
New York City
Tokyo investors took the latest World Bank forecast as an opportunity to sell stocks. Cautious investors are looking to take profits after the global stock market rally of three months. Toyota appointed new grand-son of its founder as new president and reorganized its management structure.
Darlington Musarurwa
23 Jun, 2009
New York City
Australian stocks corrected as Asian markets fell on the dour outlook from the World Bank. Resource stocks plunged more than 5% on weak gold and crude oil prices. Australia estimated its exports to decline to A$160 billion in fiscal 2010 from A$196 billion in the year ending this month.
123jump.com Staff
22 Jun, 2009
New York City
The World Bank
123jump.com Staff
22 Jun, 2009
New York City
UK stocks closed lower after weakness in global markets. Merger and deal news dominated trading sentiment. Xstrata proposal to acquire Anglo American was rejected by its board. UK home repossessions were lowered to 65,000.
123jump.com Staff
22 Jun, 2009
New York City
Adobe second quarter revenue dropped 20.5% to $704.7 million and profit dropped 38% to $161.4 million. Earnings per share were 24 cents as against 40 cents in the year ago quarter. Revenue for Q3 is expected to range between $665 million to $715 million.
123jump.com Staff
22 Jun, 2009
New York City
The apparel retailer first quarter sales declined 25% to $306.2 million on same-store sales decline of 26.9%. Net loss was $23.6 million or 44 cents per share against net income of $1.6 million or earnings of 3 cents per share in the prior year quarter.
123jump.com Staff
22 Jun, 2009
New York City
Business sentiment among large manufacturers improves in June quarter as talks of economic recovery raise expectations. Japan agrees to advance emergency loan of $1 billion to Japan Airlines, lower than $2 billion sought by the airline. Nissan and NEC are partnering to make electric cars in the U.S.
Darlington Musarurwa
22 Jun, 2009
New York City
In Sydney, Australia trading iron ore and copper miners gained after the Xstrata offered a
Mayank Mehta
22 Jun, 2009
New York City
U.S. benchmark indexes dropped between 2% and 3% after the World Bank report revised its estimate of the world economic contraction to 2.7% from 1.9%. The crude oil and copper prices trade lower. Walgreen third quarter profit declines 8.7% on sales rise of 8%. Visa Inc surges.
123jump.com Staff
21 Jun, 2009
New York City
The men''s apparel retailer net quarterly sales declined 5.5% to $464.1 million on comparable store sales fall of 7%. Net quarterly earnings plunged 46.4% to $5.3 million. Earnings per share dipped to 10 cents from 19 cents a year-ago quarter.
123jump.com Staff
19 Jun, 2009
New York City
Tech stocks closed higher after Apple, Palm and Research in Motion were the focus of investors. Crude oil price fell after analysts stressed the investor driven demand has been behind the recent surge in prices. Mexico and Colombia lowered interest rates.
123jump.com Staff
19 Jun, 2009
New York City
European markets edged higher after European leaders talks of early signs of sustained recovery. Porsche nine months sales declined 15% and issued cautionary outlook. HeidelbergCement renegotiated its debt that will pay 425 basis points above interbank rate.
123jump.com Staff
19 Jun, 2009
New York City
Australian dollar gained against the U.S. dollar and Japanese yen as short term yields rise above 3%, the highest since March. The Australian government priced A$770 million bonds at a higher yields that drew mostly domestic investors.
Mayank Mehta
19 Jun, 2009
New York City
CarMax reported first quarter sales declined 17% and earnings fell 2.7%. Carnival Corp advanced after the cruise operator indicated higher prices for tours. E*Trade raised more than expected in a public offering priced at 23% discount. Research in Motion quarterly sales jump 53%.
Mayank Mehta
19 Jun, 2009
New York City
E*Trade public offering managed to raise more than earlier expected after it prices its offering at 23% discount to yesterday price. The stock in the early trading drops another 15%.
