Darlington Musarurwa
08 Feb, 2010
New York City
Stocks in Australia closed higher but the worries of global economic recovery remained. Australia removes guarantee scheme for large deposits. BT Investment accepts a revised offer from PEP.
Darlington Musarurwa
08 Feb, 2010
New York City
Japan
Mayank Mehta
08 Feb, 2010
New York City
India estimated economic expansion of 7.2% in the current fiscal year ending in March compared to 6.7% in the previous year. Investors fear that the economic stimulus may be removed sooner than anticipated. Jubilant Foodworks surged 33% on its first day of trading. Kingfisher looks at restructuring.
Mayank Mehta
08 Feb, 2010
New York City
European indexes closed higher but investors worried that sovereign debt problem may widen. World finance leaders were mum after the weekend meeting on the growing government debts and widening budget deficits. Air France-KLM traffic down 1.6%. Areva, EDF reach agreement on nuclear fuel management.
123jump.com Staff
08 Feb, 2010
New York City
U.S. stocks lost ground at close ahead of the Treasury auction of $81 billion of bonds and notes this week. Commodities advanced and the dollar declined for the first time in four days. Toyota recall costs could be more than $2 billion estimated by the company.
Mayank Mehta
08 Feb, 2010
New York City
In London trading mining stocks led the gainers and insurance companies led the decliners. Xstrata reinstated its dividend and Randgold lifted dividend by 30%. Anglo American said it will take its full share of rights offering from Anglo Platinum Ltd.
Mayank Mehta
08 Feb, 2010
New York City
Hasbro, Inc led gainers in the S&P 500 index with a rise of 14% after sales increased 12% and guided higher earnings in the year. CVS Caremark gained on the quarterly earnings increase. Loews Corp and CNA Financial Corp swing to the fourth quarter profit.
123jump.com Staff
08 Feb, 2010
New York City
The money transfer and bill payment services provider quarterly revenue rose 2% to $1.3 billion. Net income declined 7% to $223.7 million impacted by a drop in margins in the quarter. Earnings per share dipped to 32 cents from 34 cents a year-ago quarter.
123jump.com Staff
08 Feb, 2010
New York City
U.S. stocks traded sideways in the morning trading with commodities advancing. Lingering worries over budget deficits at smaller nations in Europe kept the euro under pressure. U.S. Fed is expected to offer its plan to unwind several debt programs this week. CIT appoints new chief executive.
123jump.com Staff
08 Feb, 2010
New York City
Revenues fell 27% to $213 million & net loss was $2.11 million or 2 cents a share. Pro forma operating expenses at $213 million were essentially flat with the 3rd quarter & lower than last-year
123jump.com Staff
08 Feb, 2010
New York City
Sales fell 24% to $3.4 billion and net loss was $267 million or $1.86 per diluted share. It returned to profitability end of 4th quarter an operating income of $39 million, a significant improvement from the $21 million loss in the third quarter but still well below levels achieved in recent years.
123jump.com Staff
07 Feb, 2010
New York City
Revenues rose 12% to $4.7 billion & net loss was $179 million or $1.30 a share. It reported a refining operating loss of $213 million. In this operating income across all product channels was $100 million. Of that amount retail contributed $41 million & for the full year retail made $83 million
123jump.com Staff
07 Feb, 2010
New York City
Revenues grew 7% to $426 million and net income rose 41% to $43.9 million or 78 cets a share. gross profit margin increased 250 basis points on a year-over-year basis to 54.3% from 51.8% in Q4 2008. GAAP operating margin increased 360 basis points to 15.3% from 11.7% in Q4 2008.
123jump.com Staff
06 Feb, 2010
New York City
Sales fell 7% to $1.3 billion and net income fell 22.4% to $33.9 million or 55 cents per diluted share. Operating margin excluding merger costs fell only 110 basis points, a smaller drop than in 2008. Operating margin for the Hardware and Home Improvement segment was 11.5%.
123jump.com Staff
06 Feb, 2010
New York City
Manitowoc net sales for the fourth quarter 2009 declined 31% to $839 million due to steep decline in crane market sales. The GAAP net loss for the quarter was $23.5 million or $0.18 per share, versus a net loss of $200 million or $1.54 per share in the fourth quarter of 2008.
