123jump.com Staff
03 Sep, 2009
New York City
The European Central Bank left its key lending rate unchanged at 1% and indicated that economic contraction has ended but the economic recovery is expected to be uneven and bumpy. Steelmakers and miners gained in trading in the region.
Mayank Mehta
03 Sep, 2009
New York City
Miners and home builders advanced in London trading. Gold and silver mining related stocks led the gainers. Peter Hambro and Fresnillo surged. Unilever and Experian declined. Home builders Taylor Wimpey and Bovis gained on expectations of higher sales.
123jump.com Staff
03 Sep, 2009
New York City
The lifestyle specialty retailer net quarterly sales declined 22.4% to $243 million on same-store sales fall of 24%. Net quarterly loss was $14.2 million despite cost-cutting measures adopted by management. The company lost 22 cents a share versus earnings of 6 cents a share a year-ago quarter.
Mayank Mehta
03 Sep, 2009
New York City
Family Dollar Stores led the decliners in the S&P 500 index with a loss of 10.7%. SAIC, Inc profit increases on new government contracts. UTi Worldwide Inc second quarter profit declines. American Eagle Outfitters and Costco increase on better than expected August sales.
123jump.com Staff
03 Sep, 2009
New York City
Sepracor agrees to a merger offer from Japan based Dainippon Sumitomo Pharma that values the company at $2.6 billion. DPS will benefit from the sales force of 1,200 at Sepracor and plans to sell its schizophrenia and epilepsy and other nasal aerosols.
123jump.com Staff
03 Sep, 2009
New York City
U.S. stocks are expected to open higher after the European Central Bank left its key lending rate unchanged at 1%. Companies in U.S, Asia and Europe are planning to raise at least $25 billion in the next two months. The home builder Hovnanian reports 46% decline in sales but reports a smaller loss.
Darlington Musarurwa
02 Sep, 2009
New York City
Australian stocks edged lower tracking overnight losses in New York and European markets. Westpac completed $3.5 billion of bond offering. Nexus Energy plans to raise A$74 million and Gunns Limited plunged 12.6% after it completed A$115 million offering.
123jump.com Staff
02 Sep, 2009
New York City
Stocks in Mumbai closed lower. Monsoon rains for the season are still 25% below long term average. India plans to sell additional stake in NTPC and Rural Electrification Corporation by the end of the fiscal year.
Mukesh Buch
02 Sep, 2009
New York City
U.S. stocks declined for the fourth day in a row on stretched market valuations and weak volume. Private sector eliminated more jobs in August than expected. Auto sales edge up barely on auto rebate program. Crude oil stayed below $70 on higher drawdown in gasoline inventories. Gold jumped $22.
123jump.com Staff
02 Sep, 2009
New York City
European markets closed lower as investors worry that more capital may be needed by the insurance companies to meet the EU requirements. Germany rejected revised bid from RHJ International for Opel. BMW and Daimler report a sharp fall in August sales in the U.S.
123jump.com Staff
02 Sep, 2009
New York City
UK stocks market closed lower as market valuations are near six-year high. Insurance companies fell sharply on the worries that the EU may require them to raise as much as
123jump.com Staff
02 Sep, 2009
New York City
Gold miners surged after a rise in precious metals prices. Gold added $21.50 or 2.3% and silver increased 2.2% to $15.39. DHT Maritime after it reported lower than expected earnings. Las Vegas Sands completed $600 million bond offering in advance of its public offering in Hong Kong.
123jump.com Staff
02 Sep, 2009
New York City
BP Plc, the second largest energy company in Europe and the largest oil explorer in the Gulf of Mexico claims to discover one of the largest energy field in the region.
123jump.com Staff
02 Sep, 2009
New York City
U.S. stocks gained in the morning despite the private jobs report showed 298,000 jobs were lost in August. U.S. productivity increased 6.6% in the second quarter, the sharpest gain in nearly six years.
123jump.com Staff
02 Sep, 2009
New York City
The teen apparel retailer net quarterly sales increased 20% to $453 million on same-store sales rise of 12%. Net quarterly income surged 83% to $38.6 million boosted by higher same store sales growth. Earnings per share rose to 57 cents from 31 cents a year-ago quarter.
