123jump.com Staff
02 Jun, 2009
New York City
UK stocks declined on weak banking stocks. Strategic investor in Barclays sold stock only after holding the stake for less than seven months. Kingfisher net sales and earnings increased. The advertising giant WPP Plc fell after it reported 6.7% decrease in revenues in the first four months.
Mayank Mehta
02 Jun, 2009
New York City
EMC proposed to acquire Data Domain for $30 a share or $1.8 billion. SunTrust increased 11.7% after it completed $1.6 billion offering and Morgan Stanley said it plans to raise $2.2 billion. The Pepsi Bottling Group increased after it raised its quarterly and annual earnings estimate.
123jump.com Staff
02 Jun, 2009
New York City
The specialty athletic retailer quarterly sales declined 7.1% to $1.2 billion on comparable-store sales fall of 2.4%. Net income surged 933% to $31 million on lower operating expenses in the quarter. Earnings per share soared to 20 cents from 2 cents a year-ago quarter.
Mayank Mehta
02 Jun, 2009
New York City
Barclays Plc declined 12% after Abu Dhabi based investor sold stake in the bank with a profit of more than 50%. JP Morgan Chase fell 3% after it completed $5 billion in offering. Daktronics, the maker of electronic displays declined 13% after revenues declined 5.7%.
123jump.com Staff
02 Jun, 2009
New York City
Stocks in Japan continue to edge higher on a rise in commodities prices, optimistic views on the global economy and international trade and a prospect of market share gains after the fall of GM. Sony Financial plunged 14% after it lowered its estimate of net holdings.
123jump.com Staff
02 Jun, 2009
New York City
Stocks in India edged higher for the fifth day. Net inflows from foreign investors, rising commodities prices and expanding manufacturing has sustained recent gains. Markets are rallying ahead of the release of government agenda on June 4.
123jump.com Staff
01 Jun, 2009
New York City
General Motors filed for protection to restructure operations, wipe-off most of its debt and reduce its labor and operating cost. Stocks surged around the world after China manufacturing expanded for the third month in a row. Copper price reached six-month high and crude oil high for the year.
Darlington Musarurwa
01 Jun, 2009
New York City
European markets rallied after China reported third monthly manufacturing expansion in a row. The less than expected decline in manufacturing also supported a rise in energy and commodities stocks. Steelmakers, industrials and energy stocks jumped.
123jump.com Staff
01 Jun, 2009
New York City
UK stocks traded higher on a rise in copper, gold and crude oil prices. A global rally sparked by the third monthly increase in manufacturing in China. Copper reached $5,000 a ton, six-month high. UK home prices stabilized in May.
Darlington Musarurwa
01 Jun, 2009
New York City
Stocks in Mumbai gained for the fourth day in a row as rupee gained, trade deficit declined in April and foreign investors poured record investment in Indian stocks. April trade deficit declined 42% to $5 billion. Foreign investors poured $4.3 billion in Indian stocks in May.
123jump.com Staff
01 Jun, 2009
New York City
Stocks in Shanghai and Hong Kong surged after China reported third successive monthly expansion in manufacturing. The gain set-off a strong rally that expanded to Asian markets and supported indexes in Europe and the U.S.
123jump.com Staff
01 Jun, 2009
New York City
Retailers surged in New York trading after market indexes traded higher 2.5% or more. Stocks linked to Russia, China, Brazil and India surged as markets in Asia and emerging economies surged. Energy and commodities stocks gained as well.
123jump.com Staff
01 Jun, 2009
New York City
The design software maker quarterly revenue dipped 29% to $426 million. Net loss was $32.1 million in the quarter. The company lost 14 cents a share versus earnings of 41 cents a share a year-ago quarter. The company estimates revenue between $395 million and $420 million for the second quarter.
123jump.com Staff
01 Jun, 2009
New York City
Stronger than expected home sales and better than expected retail sales, lifted the Australian benchmark index. Stocks surged 2% and Aussie gained against the U.S. dollar. Crude oil, gold, copper and silver closed higher. The australian dollar closed up at 81.18 U.S. cents.
123jump.com Staff
31 May, 2009
New York City
The apparel retailer total sales declined 8% to $3.1 billion on comparable store sales fall of 8% in the quarter. Net quarterly earnings decreased 14% to $215 million. Earnings per share reduced to 31 cents from 34 cents the prior-year quarter. The company opened 11 new stores in the quarter.
