Mukesh Buch
09 Jul, 2009
New York City
Retailers declined after reporting weak June month same-store sales. The decline was widespread across all types of retailers including discount retailers. Teen apparel retailers and luxury stores reported worst sales declines in the month.
123jump.com Staff
09 Jul, 2009
New York City
Japan stocks fell after yen advanced for the sixth month in a row. Strong yen may crimp earnings of exporters in the current quarter. The retailer Bic Camera declined after its nine months profit plunged 57%. Fast Retailing estimated full year profit to rise 6.3%.
123jump.com Staff
09 Jul, 2009
New York City
Benihana restaurant fourth quarter sales increased 5.3% to $74 million. Profit for the quarter increased 14.9% to $11.4 million due to cost saving initiatives. Earnings per share were 6 cents compared to 17 cents in the year ago quarter.
123jump.com Staff
09 Jul, 2009
New York City
Investors largely ignored the IMF revised higher the economic growth estimate of India for 2009 and 2010. The Washington based international lender has spotty reputation for its policies. Wholesale inflation declined at the end of June.
123jump.com Staff
08 Jul, 2009
New York City
Earnings jitters kept stocks trading sideways. After the close, Data Domain agreed to be acquired by EMC for $2.1 billion. Alcoa reported quarterly loss of 47 cents a share. Chinese government bond offering failed to attract investors as yields are expected to rise.
Sarla Buch
08 Jul, 2009
New York City
UK stocks closed lower after June home prices declined 0.5% after increasing 2.6% in May. A shareholder vote supported Marks & Spencer chief the company chairman. Aviva and Legal & General fell after downgrades and earnings worries.
Mayank Mehta
08 Jul, 2009
New York City
Amgen Inc led gainers in the S&P 500 index with a rise of 15.5%. A. Schulman third quarter profit rises. Family Dollar Stores third quarter net profit rises. Ruby Tuesday reports strong results. IntercontinentalExchange plunged 10% on a possible rule tightening for energy futures trading.
Mayank Mehta
08 Jul, 2009
New York City
China bond sale drew less than expected interest from investors. Investors are worried that rates may be on the rise as China drains liquidity from the markets. Real estate, banks and energy stocks closed lower in Shanghai and Hong Kong.
Trupti Mehta
08 Jul, 2009
New York City
Japan stocks fell sharply as yen strengthened and seasonally adjusted private sector orders in May fell. The current account in the month also declined 34.3% as exports fell 42%. Machinery companies declined after the release of orders data.
123jump.com Staff
08 Jul, 2009
New York City
Australian stocks recovered from 1.5% loss after the release of consumer confidence. The home loan approvals increased 2.2% in May as first-time home buyers were encouraged with government grants. CBH Resources announced a recap plan with A$40 million loan from its largest shareholder Toho Zinc.
Mukesh Buch
08 Jul, 2009
New York City
Mumbai stocks dropped tracking losses in global markets. Worries of rising debt dragged rupee to a 2-month low. Exports in June fell at a slower pace of 29% after falling at 33% in March and April. Educomp Solutions raised $100 million and stocks plunged 10%.
Mukesh Buch
07 Jul, 2009
New York City
U.S. markets closed sharply lower ahead of earnings season. Technology, energy and industrial stocks led the decliners. European auto sales declined at a slower pace in June. Australia left its key rate unchanged at 3%.
123jump.com Staff
07 Jul, 2009
New York City
European markets closed lower on the worries that recovery will be slower and the global economic conditions are expected to remain weak. The worldwide auto sales of Mercedes Benz and BMW declined at a slower pace in June and PSA Peugeot Citroen sales fell 14% in the first half.
Sarla Buch
07 Jul, 2009
New York City
The UK stocks edged lower on weak commodities and energy prices. The pound fell declined against dollar after the British Chamber of Commerce said that the Bank of England expands the asset purchase program beyond
Mayank Mehta
07 Jul, 2009
New York City
Discover Financial Services led the decliners in the S&P 500 index with a loss of 10.4%. International Speedway Corp swings to second quarter loss on charges. Vimicro International Corp slips to loss in first quarter.
