Darlington Musarurwa
01 Sep, 2009
New York City
Stocks in Japan edged higher after the release of auto sales and expectations of higher sales at chipmakers. Seven & I Holdings lowered its annual earnings estimate by 11.4%. Toyota reported first monthly sales increase in 13 months as August sales increase 2.3%.
Mayank Mehta
01 Sep, 2009
New York City
In Mumbai trading stocks fell tracking losses in rupee and selloff from international markets. NHPC on its first day of trading surged as much as 16%. Reliance Communications prepaid nearly $1 billion in debt to lower interest costs. Auto and motorcycle sales in August surged. Exports drop in July.
Mukesh Buch
01 Sep, 2009
New York City
Financials led the decliners in the U.S. trading as broader indexes closed lower 2%. World markets have been in a retreat for two days and today markets in Europe and Americas declined on valuation worries and impending losses in financial system. AIG plunged 21% and Wells Fargo, Citigroup declined.
Darlington Musarurwa
01 Sep, 2009
New York City
Reserve Bank of Australia left its key lending rate unchanged at 3% and the bank cited the global economic stimulus and rising commodities prices. Manufacturing expanded in August and new dwelling constructions approvals increased in July.
Mayank Mehta
01 Sep, 2009
New York City
Areva SA first half net plunges 79%. Vivendi first half revenues rose 17%. French new cars registration increased 7% in August on
Mayank Mehta
01 Sep, 2009
New York City
UK stocks turned lower in the late afternoon on the weak sentiment in the U.S. trading. Lower metals and oil prices also contributed to the declines. RSA Insurance Group is looking to raise $1 billion. AstraZeneca reported better results during trials using Brilinta to treat heart attacks.
123jump.com Staff
01 Sep, 2009
New York City
American International Group led the decliners in the S&P 500 index with a loss of 8.8%. Benihana Inc first quarter net plunges. China Medical Technologies first quarter net fell 96%. SINA Corp second quarter net income falls. Rambus declined after California Court delayed the anti-trust case trial.
123jump.com Staff
01 Sep, 2009
New York City
eBay after struggling for four years to realize synergies between the action market operations and communication company Skype agreed to sell a majority stake. The consortium of investors agreed to pay $2 billion for 65% stake in Skype. Earlier eBay had planned to spinoff Skype in a public offering.
123jump.com Staff
01 Sep, 2009
New York City
Australia after months of violence against Indian students stepped up its diplomatic offensive. Deputy Prime Minister Julia Gillard on a five-day visit to India stressed that Australia is safe and welcoming place failed to cite concrete evidence of her government
Mayank Mehta
31 Aug, 2009
New York City
Stocks in Mumbai decreased on weakness in Asian markets. The first quarter GDP grew at 6.1%. Cairn India surges on pumping oil from Rajasthan block. IRB Infrastructure slips on profit taking. Unity Infraprojects gains on new order win.
Mukesh Buch
31 Aug, 2009
New York City
Global markets edged lower as investors around the world question the rally of last sixteen weeks. World markets could drop in sync from the recent highs. Gold fell but managed to rebound from the lows of the day. Sugar hovers near recent highs.
Darlington Musarurwa
31 Aug, 2009
New York City
Australian companies gross profits dropped 7.8% in second quarter form the first and declined 14.7% from the quarter a year ago. Reserve Bank of Australia reported today business credit fell 0.3% in July after falling 0.6% the previous month. Lending to businesses also slumped 0.7%.
Mayank Mehta
31 Aug, 2009
New York City
European markets declined after commodities fell on China worries. Banks in Ireland plunged on the worries that the government many pay less for the bad loans. Bertelsmann reported loss in the first half and estimated annual loss. The private equity firm Wendel declared loss in the latest quarter.
123jump.com Staff
31 Aug, 2009
New York City
Marvel Entertainment surged after Disney offered $50 a share buyout. BJ services gained more than 7% after Baker Hughes agreed to acquire the company for $5.5 billion. E*Trade increased after Citadel canceled its plan to sell shares.
123jump.com Staff
31 Aug, 2009
New York City
Baker Hughes expands into pressure pumping with the acquisition of BJ Services. Upon the completion of the merger, BJ Services shareholders will control 27.5% of outstanding shares of Baker Hughes. The recent oil and natural gas discoveries in Canada have been in oil shale formation.
