123jump.com Staff
26 May, 2009
New York City
Stocks in India declined on worries of rising government deficit and inflation. Investors worry that recent 8,000 crore rupees offering from real estate companies may dry liquidity in the market. Chief executive and family board members of Ranbaxy Laboratories resigned.
123jump.com Staff
26 May, 2009
New York City
Investors in Japan focused on weak global market conditions and prospect of rising inflation as metals and energy prices stay elevated. Revised economic outlook from the Cabinet Office and the Bank of Japan failed to sway financial markets. Real estate developers and retailers closed higher.
123jump.com Staff
25 May, 2009
New York City
The technology solutions provider net quarterly sales dipped 3% to $27.4 billion. Net quarterly income declined 17% to $1.7 billion. Earnings per share slipped to 70 cents from 80 cents a year-ago quarter. The company estimates earnings between 64 cents and 68 cents a share for the third quarter.
123jump.com Staff
25 May, 2009
New York City
The television maker fourth quarter sales fell 22% to 1.524 trillion yen and loss came in at 294.31 billion yen compared to profit of 6.18 billion yen from a year ago. With cost savings of 300 billion yen, 8000 headcount reductions and eight plant closings the company expects to break even this year
123jump.com Staff
24 May, 2009
New York City
The women''s apparel retailer net quarterly sales decreased 28% to $426.7 million on comparable store sales decline of 30.7%. Net loss incurred was $2.3 million in the quarter. The company lost 4 cents a share compared to earnings of 43 cents a share a year-ago quarter.
123jump.com Staff
23 May, 2009
New York City
The home improvement retailer quarterly sales dropped 1.5 % to $11.8 billion on comparable store sales fall of 6.6%. Net quarterly earnings slumped 21.6% to $476 million. Earnings per share declined to 32 cents from 41 cents a year-ago quarter. The company opened 21 new stores in the quarter.
Sarla Buch
22 May, 2009
New York City
U.S. bond market yields increased as the U.S. government plan to raise $162 billion next week. The yield curve may change if investors do not like the health of the economy as the U.S. prepares to raise $3 trillion in the next eighteen months. Gold stays above $960 and crude oil above $61 a barrel.
Darlington Musarurwa
22 May, 2009
New York City
UK first quarter GDP shrink was left unchanged at 1.9%. Manufacturer preferred to liquidate inventories and conserve cash and consumer spending declined. The GDP declined 4.1% from a year ago. UK miners closed higher after Goldman Sachs speculated capacity constraints for copper and iron ore miners.
123jump.com Staff
22 May, 2009
New York City
European markets were focused on the euro-dollar relationship. The prospect of stronger euro will lower earnings. More investors are forecasting the loss of top rating for dollar. European nations are also running high deficits as economies slow in Germany, Spain, France and Italy.
123jump.com Staff
22 May, 2009
New York City
Australian stocks declined on the weakness in mining and energy stocks. Gold linked stocks closed higher as gold price increased. The rising national debt in the U.S. and UK added strength to Australian dollar.
123jump.com Staff
22 May, 2009
New York City
Salesforce.com, Inc led the decliners in the S&P 500 index of 10.3%. Aeropostale, Inc first quarter profit rises 81%. Nordson Corporation second quarter profit declines. Sears surged after it reported unexpected quarterly profit.
Darlington Musarurwa
22 May, 2009
New York City
Investors overlook positive comments from the Bank of Japan after it left its key lending rate unchanged. The prospect of near term downward debt rating for UK and longer term for the U.S. raised worries that higher yen will lower earnings of Japanese exporters.
123jump.com Staff
22 May, 2009
New York City
The beverages maker net quarterly sales declined 3% to $1.26 billion. Net quarterly profits surged 39% to $132 million. Earnings per share rose to 52 cents from 38 cents a year-ago quarter. The company generated $178 million of cash from operations and repaid $155 million of debt in the quarter.
123jump.com Staff
22 May, 2009
New York City
Infrastructure, construction and petroleum stocks closed higher as investors hope faster economic reforms. Talks of partial deregulation of petrol and diesel prices gained momentum. ITC profit increased 10% and NTPC net surged 58%. Rupee gained against dollar and euro.
123jump.com Staff
22 May, 2009
New York City
The home improvement chain first quarter sales were down 9.7% at $16.18 billion due to average ticket being down 8.2% at $52.67. Profit climbed 44% to $514 million. Earnings per share for the first quarter of fiscal 2009 were 30 cents, as against 21 cents a year ago.
