123jump.com Staff
20 Apr, 2009
New York City
Australian producer prices unexpectedly decline 0.4% in March quarter. Rio chairman defends Chinalco $19.5 billion investment as more British investor voice their reservations but fail to provide additional capital. Asciano Group led advancers in the ASX 200 index shares with a rise of 33.2%.
123jump.com Staff
20 Apr, 2009
New York City
Japan crude steel output plunged 46.7% in March as production of autos and industrial machinery declined. Hitachi may access public funds. Toshiba is preparing to raise 500 billion yen in public stock and bond offering. Consumer lenders dropped after Promise reported a net loss on higher charges.
123jump.com Staff
20 Apr, 2009
New York City
Stocks in Hong Kong and Shanghai closed higher. Unemployment in Hong Kong in March increased to 5.2%. China Mobile, the largest wireless carrier by subscriber reported slowest quarterly earnings growth. China Telecom, the largest fixed line operator reported 27% decline in earnings.
123jump.com Staff
20 Apr, 2009
New York City
In London benchmark index dropped 2.5% after an industry group revised its estimate of economic contraction and another group estimated 29,000 financial services job losses. GlaxoSmithKline agreed to acquire Stiefel for $3.6 billion and broaden its dermatology products.
123jump.com Staff
20 Apr, 2009
New York City
Reserve Bank of India estimated that drivers of economic growth are weakening and economic activity is likely to moderate in the months ahead. Unitech, one of the largest real estate developers is looking to raise 5,000 crore rupees or $1 billion in equity offering. TCS quarterly net rises 4.6%.
Mayank Mehta
20 Apr, 2009
New York City
BB&T Corporation led the decliners in the S&P 500 index with a loss of 12.5%. Bank of America Corporation sinks despite profit beat. Coca-Cola Enterprises Inc rises on beverage industry consolidation. Weatherford International Ltd first quarter profit drops.
123jump.com Staff
20 Apr, 2009
New York City
Sun Microsystems agreed to be acquired by Oracle for $7.4 billion two weeks after IBM walked away from the deal. The deal will test alliances between Oracle and other two server makers HP and Dell. Oracle for the first time will sell hardware and software.
123jump.com Staff
20 Apr, 2009
New York City
The bank holding company reported net revenues increased 13% to $9.4 billion in the quarter. Net quarterly income rose 20% to $1.8 billion helped by record revenues in fixed income, currency and commodities unit. Earnings per share rose to $3.39 from $3.23 a year-ago quarter.
123jump.com Staff
19 Apr, 2009
New York City
The apparel retailer total quarterly sales declined 23% to $327.9 million on comparable store sales fall of 24.6%. Net loss plunged 113% to $366.5 million in the quarter. The company lost $6.85 a share compared to a loss of $3.22 a year-ago quarter.
123jump.com Staff
18 Apr, 2009
New York City
Google first quarter revenue rose 41% to $5.19 billion and net income rose 31% to $1.31 billion. Earnings per share came in at $4.12 as against $3.18 a year earlier. Free cash flow was a touch shy of $2 billion.
123jump.com Staff
18 Apr, 2009
New York City
Micron second quarter net sales declined 27% to $993 million due to slump in demand and prices. Micron reported a net loss of $751 million or $0.97 per diluted share for the quarter, compared to a loss of $777 million or $1.01 per share in the prior year quarter.
123jump.com Staff
18 Apr, 2009
New York City
The discount retailer quarterly sales increased 8.7% to $1.99 billion on comparable store sales rise of 6.4%. Net income surged 33% to $84.1 million in the quarter. Earnings per share rose to 60 cents from 45 cents a year-ago quarter.
123jump.com Staff
17 Apr, 2009
New York City
Banks rallied on the hopes that adjusted earnings are better than GAAP earnings and Citigroup reported its first quarterly earnings in six quarters. Gazprom, Russian gas giant raised $2.5 billion in international bond offering, first from Russia in nine months. Carrefour quarterly sales declined.
123jump.com Staff
17 Apr, 2009
New York City
In Australian trading, the focus was still on currencies as stocks were unchanged. The currencies of Australia and New Zealand continue to slide after the weak economic report from China. The retailer Woolworths third quarter sales rose 6.5% on same store sales gain in Australia of 8.8%.
123jump.com Staff
17 Apr, 2009
New York City
Bank of Japan reported that economic conditions in each of nine metrics deteriorated with exports and business fixed investment leading the decline. Cabinet office reported today that the countries confidence index advanced to 28.9 in March from 26.7 the previous month.
