123jump.com Staff
07 Jul, 2009
New York City
Stocks in Australia traded sideways ahead of earnings season. The Reserve Bank of Australia left its key lending rate at 3% and offered optimistic outlook for the domestic economy. Energy and materials related stocks edged lower.
123jump.com Staff
07 Jul, 2009
New York City
Japan investors stayed on the sidelines as the prospects of a speedy global recovery looks less and less likely. Bank of Japan in its latest regional survey indicated that economic conditions are severe in most regions but they appear to stabilize.
123jump.com Staff
07 Jul, 2009
New York City
Infrastructure companies rebounded a day after a sharp sell-off in India. Reliance Industries, Reliance Natural and central government are required to respond to the Supreme Court before July 20. Automakers increased after the government increased road construction budget by 23%.
123jump.com Staff
06 Jul, 2009
New York City
CKE Restaurant earnings dropped 6% to $446.8 million while net income dropped 18% to $14.4 million on same-store sales drop of 1.8%. Earnings per share were 26 cents as against 31 cents a year ago.
123jump.com Staff
06 Jul, 2009
New York City
Payroll and related service provider fourth quarter revenue fell 4% to $495.5 million and net income declined 16% to $113.8 million reflecting weak economic scenario. Earnings per share were 32 cents as against 38 cents in the prior year quarter.
123jump.com Staff
06 Jul, 2009
New York City
In London trading mining and energy companies dropped after weak crude oil and metal prices. UK regulatory agency proposed tighter supervision and individual fines as high as 40% of compensation. Rio Tinto sells Alcan asset for $1.2 billion to Bemis Company.
Mayank Mehta
06 Jul, 2009
New York City
Nordstrom, Inc led gainers in the S&P 500 index with a rise of 4.6%. B+H Ocean Carriers announce obtaining waivers of certain loan covenant. EMC ups bid for Data Domain as NetApp receives regulatory approval. Matrixx Initiatives drops 11% after class-action lawsuit.
123jump.com Staff
06 Jul, 2009
New York City
Australian stocks drop after commodities prices declined. Rio Tinto agreed to sell its flexible packaging division for $1.2 billion to Bemis. Australian companies raised A$90 billion in the financial year that ended in June 2009.
123jump.com Staff
06 Jul, 2009
New York City
Crude oil fell 4% and copper and other base metals declined. U.S. stocks recovered at close ahead of earnings season. EMC raised its offer for NetApps. Rio Tinto agreed to sell its flexible packaging unit to Bemis for $1.2 billion. India plans to borrow $93 billion to fund its spending programs.
123jump.com Staff
06 Jul, 2009
New York City
Bemis agreed to acquire flexible packaging division of Alcan controlled by Rio Tinto. Bemis will pay $1.2 billion of which $1 billion is in cash and $200 million is in company stock.
123jump.com Staff
06 Jul, 2009
New York City
Nikkei 225 Average fell 1.4% on weak commodities and energy related stocks. Nippon Yusen and Mitsui OSK were among the leading decliners. The mail order house Nissen Holdings Co dropped 9.5% after it lowered its earnings estimate by 85%.
123jump.com Staff
06 Jul, 2009
New York City
Adidas completes
123jump.com Staff
06 Jul, 2009
New York City
The budget in India focused on rural development, job creations in villages, infrastructure development in urban areas and streamlined taxes. The budget deficit will surge to 6.8% on sharply higher borrowing. The Sensex index plunged 5.8%, rupee declined 1.2% and government bond yields jumped 0.1%.
123jump.com Staff
03 Jul, 2009
New York City
In a quiet trading in world markets, indexes edged lower as commodities priced declined. European retail sales index in May and UK home owners increase home equity. Indian railways budget left fares unchanged. Retailers in Japan fell on weak sales. BaWang IPO in Hong Kong oversubscribed 400 times.
123jump.com Staff
03 Jul, 2009
New York City
Stocks in Japan edged lower after the 26-year high U.S. unemployment and 10-year record in Europe. Retailers fell after Seven & I and others reported lower earnings. Mitsui OSK and Nippon Yusen fell on a decline in freight rate index.
