123jump.com Staff
31 Jul, 2009
New York City
Stocks in Japan in weak trading advanced for the week and for the fifth month in a row. Mitsui Fudosan, the largest Japanese real estate operator earnings surged lifting stocks in the sector. Unemployment in June increased to six-year high and consumer price index declined in the month.
Mukesh Buch
31 Jul, 2009
New York City
Energy companies and airlines declined in European trading. Michelin gained after earnings results were better than expected. The comments from Deutsche Bank chief dragged market indexes lower. Eni SpA sales fell 24.2% and net profit fell 59.5%. Total S.A. sales fell 35% and net profit fell 54%.
123jump.com Staff
31 Jul, 2009
New York City
The economy contraction in the second quarter slowed to an annual rate of 1% after falling at 6.4% in the first quarter and 5.4% in the fourth quarter of last year. The smaller decline in GDP reflected a rise in government spending and smaller decline in fixed investments and private inventories.
Mayank Mehta
31 Jul, 2009
New York City
UK stocks edged higher on a rise in pound. Energy companies declined after Royal Dutch and Eni reported a decline in earnings and revenues. British Airways increased after it reported wider loss but sounded optimistic outlook for the second half. United Business Media surged on dividend hike.
Mayank Mehta
31 Jul, 2009
New York City
The Dun & Bradstreet dropped 14% after it lowered annual earnings outlook. Dolby Laboratories third quarter results exceed estimates. ITT led the gainers after it posted profit and lifted annual earnings outlook to as high as $3.70 a share. First Solar plunged after earnings.
Mayank Mehta
31 Jul, 2009
New York City
Stocks in India reached five-month high on the back of earnings. Hindalco, Reliance Infrastructure, Great Eastern Shipping and Welspun reported better than expected earnings. Rain deficit at the end of this week has declined to 18% from 27% two weeks ago on above normal rain.
123jump.com Staff
31 Jul, 2009
New York City
The coffeehouse chain reported quarterly revenue dipped 6.6% to $2.4 billion on comparable-store sales fall of 5%. Net quarterly earnings surged to $151.5 million helped by higher margins. The company earned 20 cents a share versus a loss of 1 cent a share a year-ago quarter.
123jump.com Staff
30 Jul, 2009
New York City
Data storage solutions provider second quarter revenues declined 11% to $3.26 billion. Net income declined 43% to $205.2 million. Earnings per share were 10 cents against 17 cents in the year ago quarter. Acquisition of Data Domain is expected to help revenues in the coming quarters.
Mukesh Buch
30 Jul, 2009
New York City
Global markets traded higher after earnings driven optimism lifted markets around the world. In the U.S. MasterCard, Cigna, Motorola delivered better than expected earnings. Initial claims of unemployment increased and crude oil rebounded. Metals in commodities closed higher in London and New York.
Mayank Mehta
30 Jul, 2009
New York City
Stocks in Europe gained on better than expected earnings from Volkswagen. BASF reported 74% decline in earnings and may trim dividend. Siemens third quarter orders decreased 28%. France Telecom net profit fell 4.3%. Volkswagen sales fell 7.7% and net profit fell 83%.
Mayank Mehta
30 Jul, 2009
New York City
UK stocks closed up as metals gain and earnings lift large cap companies and home price rise. Nationwide Building Society estimated 1.3% home price increase July. Rolls Royce adjusted profit beats estimates.
Mayank Mehta
30 Jul, 2009
New York City
Expedia, Inc led gainers in the S&P 500 index with a rise of 13.4%. Amkor Technology, Inc beats second quarter estimates. BorgWarner Inc posts another quarterly loss on charges, the stock plunges 60%. MasterCard surged after quarterly profit. Cigna gained on revised earnings outlook.
123jump.com Staff
30 Jul, 2009
New York City
Earnings dominated trading in Tokyo. Industrial production increased 2.4% in June and in the quarter surged 8.3%. Sony surged after it reported lower than expected loss. Honda soared after it offered better than expected annual earnings.
Mayank Mehta
30 Jul, 2009
New York City
Earnings from companies in various industries in India present a picture of healthy economy and rising corporate spending. ICICI, Mahindra & Mahindra, State Bank of India, Mundra Port and Patni Computer exceeded expectations. Rupee declined 0.3%. Banks and software services providers gained.
Mukesh Buch
29 Jul, 2009
New York City
Commodities dropped sharply after the latest crude oil inventories report from the U.S. and a plunge in Shanghai stocks. Oil dropped 6.5% and natural gas declined 4%. Treasury auction of $39 billion drew more than expected interest.
