123jump.com Staff
06 Apr, 2009
New York City
The benchmark stock index in Japan gained 1.2% after finance minister Kaoru Yosano said the government will unveil a $100 billion stimulus plan. Bank of Japan in its two-day policy meeting is considering to expanding the collateral for bank lending.
123jump.com Staff
06 Apr, 2009
New York City
Stocks in Hong Kong gained 3% after HSBC received favorable response from investors. The troubled bank raised $18.5 billion through rights issue. HSBC closed up 5.3%. Separately, production of chemicals gained 2.4% in the first two months of this year.
Mayank Mehta
06 Apr, 2009
New York City
Sun Microsystems, Inc led the decliners in the S&P 500 index with a loss of 23.7%. U.S. stocks in the morning traded lower after the negotiations between IBM and Sun Microsystems ended with no deal, weak banking stocks on analyst downgrade and Treasury Secretary Geithner comments.
123jump.com Staff
06 Apr, 2009
New York City
U.S. stocks edged lower on worries that banks may have to face more write-offs. IBM and Sun may have ended their exclusive talks seeking a merger. Banks in Japan are likely to take higher charges. European stocks declined. EU investigators send a list of charges to Visa Europe regarding its fees.
123jump.com Staff
06 Apr, 2009
New York City
The cruise operator quarterly revenues declined 9% to $2.9 billion. Net quarterly income increased 10% to $260 million due to one-time gains and lower cruise costs. Earnings per share rose to 33 cents from 30 cents in the prior-year quarter.
123jump.com Staff
04 Apr, 2009
New York City
The technology outsourcing and consulting firm reported net quarterly revenues declined 6% to $5.27 billion. Net quarterly income decreased 6% to $498.7 million. Earnings per share were 63 cents compared to 64 cents a year-ago quarter. New bookings for the quarter were $5.98 billion.
123jump.com Staff
03 Apr, 2009
New York City
Markets in New York and Europe closed higher in a week when euphoria reigned after the G-20 summit. Unemployment surged to a 25-year high in March and job losses were widespread as the U.S. economy continues to shrink. Copper surged above $2 a pound for the first time in five months.
Mayank Mehta
03 Apr, 2009
New York City
U.S. stocks in the early afternoon were on the rise after gyrating in the morning. Akamai Technologies led decliners in the S&P 500 index after an analyst downgrade. Research in Motion surged after better than expected gains in earnings.
123jump.com Staff
03 Apr, 2009
New York City
In heavy volume, stocks in Hong Kong edged higher after surging for the four days in a row and adding 3% for the week. The banks, real estate developers and electric power utilities advanced. The rise in manufacturing index lifted sentiment in trading in China and in Hong Kong.
123jump.com Staff
03 Apr, 2009
New York City
Exporters, shipping lines and realty companies led gainers in Tokyo trading. Yen drifted lower and reached nearly 100 yen against a dollar. The G-20 commitment to finance and back international trade lifted stocks in Asia and in India. Japan pension investment fund projects net cash outflow.
123jump.com Staff
03 Apr, 2009
New York City
Arrow acquires Beach Petroleum
123jump.com Staff
02 Apr, 2009
New York City
Global markets surged on the hopes that G-20 commitment of $1.1 billion will be followed with domestic spending and restraint on excessive risks at banks. Industrials and financial led gainers in New York, Europe and South America.
123jump.com Staff
02 Apr, 2009
New York City
U.S. stocks surged and European markets closed sharply higher after the Group of 20 summit generated another round of commitment to bailout banks and finance international trade. Relaxed accounting rules also helped banks and financial services stocks to rise. Crude oil surges 8% and copper gains.
123jump.com Staff
02 Apr, 2009
New York City
Jabil Circuit second quarter revenue decreased 5.6% to $2.89 billion due to lower revenue and higher income tax expenses. Net loss for the quarter was $42.1 million or 20 cents a share against net loss of $24 million or 12 cents per share in a year ago quarter.
123jump.com Staff
02 Apr, 2009
New York City
U.S. stocks traded higher for the third day in a row on the hopes that the G-20 meeting of heads of nations will generate another round of stimulus worldwide. Banks led the list of gainers after accounting rules for the asset price recognitions were relaxed.
