Mayank Mehta
25 Aug, 2009
New York City
UK stocks advanced for the sixth day in a row to a new high for the year. Mortgage approvals surged to a high since February 2008. Punch Tavern soared 22% after it reiterated earnings outlook for the year. Admiral Group first-half net dropped 5%. Persimmon net drops 63%. Regus surges 14%.
Mayank Mehta
25 Aug, 2009
New York City
Big Lots led gainers in the S&P 500 index with a rise of 9%. Bank of Montreal declares dividend. Chico
123jump.com Staff
25 Aug, 2009
New York City
U.S. stocks edged higher after home price index fell less than expected and consumer confidence surged in August. Fed Chairman Bernanke won the White House appointment for the second term that will need an approval from lawmakers. Ivanhoe Mines surged after Mongolia voted to expire windfall tax.
Mayank Mehta
25 Aug, 2009
New York City
Stocks in Mumbai edged higher after the higher rainfall forecast. Investors are estimating that poor monsoon season is expected to have less than expected impact on earnings. Department of Posts is likely to spend $1 billion to modernize its operations. L&T receives infrastructure orders.
123jump.com Staff
24 Aug, 2009
New York City
The home improvement retailer sales for the second quarter were $19.1 billion, down 9.1% from last year with average ticket falling 9.3% to $52.25. Net income fell marginally to $1.1 billion and earnings per share were 66 cents compared to 71 cents in the year ago quarter.
123jump.com Staff
24 Aug, 2009
New York City
Tokyo stocks are expected to trade sideways after a sharp rally in stocks in resource linked stocks and exporters. More banks in Japan plan to raise capital. Sumitomo Mitsui Financial propose to raise $3.5 billion and Mizuho Financial prepares to raise nearly $750 million in preferred stocks.
123jump.com Staff
24 Aug, 2009
New York City
Australian stocks surged the most in Asian rally on a rise in commodities prices and a gain in crude oil futures. Fairfax Media reported full year loss. Interest rates arbitrageurs pushed Australian dollar higher.
Mukesh Buch
24 Aug, 2009
New York City
Early rally in stocks faded but the gains in commodities held at close in New York. SunTrust Banks chief cautioned investors and signaled higher commercial loan losses. Oil traded at a new intra-day high and European markets closed at a new high for the year.
Mayank Mehta
24 Aug, 2009
New York City
European market indexes closed higher for the third day in a row to a new 11-month high. Euro zone industrial order increased 3.1% in June from the previous month but dropped 25.1% from a year ago. Steelmakers, banks and resource stocks closed higher in the region.
Mayank Mehta
24 Aug, 2009
New York City
UK stocks edged higher for the fifth day in a row on a rally in commodities and crude oil. Resource stocks jumped for the third day in a row. Amlin Plc first half profit increased 29%. Bovis Homes Group first half profit plunged. Bunzl Plc closed up latest results.
Mayank Mehta
24 Aug, 2009
New York City
Stocks in New York traded higher as resource linked stocks edged up. Higher oil and base metal prices lifted stocks in the sector. Harman International fell on media speculation. The Good Year Tire & Rubber led the decliners in S&P 500 index and Advanced Micro Devices led the gainers.
123jump.com Staff
24 Aug, 2009
New York City
Stocks in the morning trading edged higher after sharp gains in Asia and a rise in European markets. Commodities edged higher with crude oil reaching another intra-day high for the year. Agriculture commodities trade up.
123jump.com Staff
24 Aug, 2009
New York City
The online diamonds and jewelry retailer net quarterly sales dipped 5.2% to $69.9 million. Net quarterly income declined 12.5% to $2.8 million. Earnings per share fell to 19 cents from 20 cents a year-ago quarter. The company estimates sales between $288 million and $295 million in fiscal 2009.
Mayank Mehta
24 Aug, 2009
New York City
Stocks in Mumbai rallied on the rise in commodities prices and optimistic view on the world economic recovery. Asian markets surged sharply with a rally in Japan and China. Fortis Healthcare acquired 10 hospitals from Wockhardt Hospitals for $188 million.
123jump.com Staff
22 Aug, 2009
New York City
The clothing retailer net quarterly sales decreased 23% to $648.5 million on comparable store sales fall of 30%. Net quarterly loss was $26.7 million on charges related to the closure of its Ruehl operations. The company lost 30 cents a share versus earnings of 87 cents a share a year-ago quarter.
