123jump.com Staff
24 Apr, 2009
New York City
Marshall & Ilsley led decliners in the S&P 500 index of 7.6%. American Express Company first quarter profit drops 63%. Delta Apparel, Inc turns to profit in third quarter. Microsoft Corporation third quarter profits fall 32%.
123jump.com Staff
24 Apr, 2009
New York City
UK GDP shrinks in the first quarter at 1.9%, the fastest pace in 30 years as weakness in manufacturing and services intensifies. Retail sales volume increased in March and in the three months to the quarter. Banks, retailers and miners closed higher in trading. Barclays and Debenhams surged 8%.
123jump.com Staff
24 Apr, 2009
New York City
European stocks regained new momentum after banks and auto stocks closed higher. Earnings from American Express and less than expected loss at Ford lifted stocks in the sector. Energy and mining stocks closed higher in London and auto and banks led the gainers in Paris and Frankfurt markets.
123jump.com Staff
24 Apr, 2009
New York City
U.S. stocks in the morning trading added after durable goods orders fell less than expected and earnings from Microsoft, Amazon.com, American Express and Ford met or exceeded expectations. Durable goods orders fell less than expected in March.
123jump.com Staff
24 Apr, 2009
New York City
Stocks in Mumbai rallied to a six months high on rising earnings bolstered sentiment among investors. The steady stream of better than expected earnings, the prediction of normal monsoon and a rising flow of funds from foreign investors lifted the benchmark index. The index has recovered 39%.
123jump.com Staff
24 Apr, 2009
New York City
IBM first quarter net revenue dropped 11% to $21.7 billion and net income dropped 1% to $2.3 billion. Earnings per share were $1.70 compared to $1.64 a year ago. Earnings per share for the year 2009 are expected to be around $9.20.
123jump.com Staff
23 Apr, 2009
New York City
American Express reported first quarter revenues declined 18% and earnings dropped 56%. Rising unemployment and weak economy lifted charge-off for the third quarter in a row.
123jump.com Staff
23 Apr, 2009
New York City
Amazon.com reported sales rise of 18% to $4.89 billion and earnings gain of 23% to $277 million. Sales at North American sites increased 21% and at international sites increased 15%. Free cash flow increased 82% to $1.43 billion.
123jump.com Staff
23 Apr, 2009
New York City
Earnings from eBay, Apple and Marriott lift stocks in the afternoon trading in New York. Toyota reported sales decline for the full year. UK government bonds and pound are likely to face headwind with the issuance of more debt guarantees.
Mayank Mehta
23 Apr, 2009
New York City
Pactiv Corporation led gainers in the S&P 500 index with a rise of 21.9%. Torchmark Corporation led the decliners in the S&P 500 index with a loss of 11.3% followed by losses in Thermo Fisher Scientific Inc of 11.2%, in Robert Half International Inc of 9.8%. AllianceBerstein earnings plunge.
123jump.com Staff
23 Apr, 2009
New York City
U.S. stocks edged lower after unemployment claims rise in the last week. March existing home sales declined at 3% annual rate from February to 4.57 million and fell 7.1% from a year ago month. Median home prices declined 12% from a year ago. Northeast sales decline of 8% led the nation.
123jump.com Staff
23 Apr, 2009
New York City
Credit Suisse returned to profitability on a rise in income. Tier 1 capital ratio increased as the bank lowered its risk profile. The bank benefitted from the net new asset flows in asset management. The investment bank reported net income of $1.9 billion and tier 1 capital ratio of 14.1%.
123jump.com Staff
23 Apr, 2009
New York City
The semiconductor chip maker revenue declined 26% to $7.1 billion in the first quarter. Net quarterly income plunged 55% to $647 million amid lower revenue and deteriorating margins. Earnings per share plummeted to 11 cents from 25 cents a year-ago quarter.
123jump.com Staff
22 Apr, 2009
New York City
Apple reported a surge in iPhone sales in the latest quarter and reported better than expected earnings. Apple earned $1.33 a share. eBay earnings and sales fell compared to a year ago on a decline in gross transaction on its marketplaces sites. eBay earned 39 cents a share in the quarter.
123jump.com Staff
22 Apr, 2009
New York City
Stocks in New York fell on renewed worries that stress-test results may require banks to raise more capital. UK in its latest budget estimated economy to shrink and proposed to borrow nearly double than its previous estimate. Japan recorded its first annual deficit.
