123jump.com Staff
29 Jun, 2009
New York City
Teppco agreed to be acquired by Enterprise Products Partners to create one of the largest energy in the mid-stream segment of the market. The revised offer values each unit of Teppco at $31.36. The deal creates one of the largest and healthy partnerships to transport crude oil and natural gas.
Darlington Musarurwa
29 Jun, 2009
New York City
Tokyo benchmark index fell 1% Daiwa Securities planned to raise $2.4 billion and Mizuho Financial Group plans to raise $6.2 billion. The industrial production index in May increased 5.9% in Japan. Shipping lines, brokerages and real estate companies led the decliners.
Mayank Mehta
29 Jun, 2009
New York City
Mumbai stocks traded sideways. Tata Motors dropped after it reported annual net loss. Suzlon net declined 10% and plans to raise $1 billion. Mahindra Holidays & Resorts IPO was oversubscribed ten times.
123jump.com Staff
28 Jun, 2009
New York City
The software maker sales decreased 5% to $6.86 billion in the quarter. Net quarterly income declined 7% to $1.89 billion impacted by a stronger dollar and lower sales. Earnings per share dipped marginally to 38 cents from 39 cents a year-ago quarter.
123jump.com Staff
27 Jun, 2009
New York City
The BlackBerry maker first quarter revenue jumped 53% to $3.42 billion helped by strong sales of smartphones. Net income rose 33% to $643 million. Earnings per share were $1.12 as compared to $0.84 a year ago.
Darlington Musarurwa
26 Jun, 2009
New York City
German inflation hovered near zero in June and French consumer confidence increased but still remained lower. First quarter French GDP decreased 1.2%. Sanofi-Aventis dropped 8.1% after European study group of diabetes suggested more research to investigate linkage between Lantus insulin and cancer.
Mukesh Buch
26 Jun, 2009
New York City
The U.S. dollar declined after China called for a world currency that is not tied to any country. The bond yields dropped after savings rate surged to 15-year high. Consumer prices in Japan fell sharply in May prompting worries that deflation may be anchoring in the economy.
Mukesh Buch
26 Jun, 2009
New York City
UK stocks edged lower. The Bank of England report suggested that banks are in better conditions than they were six months ago. Jaguar and Land Rover may face more job losses and plant closures. Berkeley annual net falls 38% and net revenues declined 29%.
Mayank Mehta
26 Jun, 2009
New York City
KB Home led the decliners in the S&P 500 index with a loss of 4.0%. Accenture Ltd third quarter net down 5.4% on lower revenue. The Finish Line, Inc falls to loss in first quarter. KB Home second quarter net falls.
123jump.com Staff
26 Jun, 2009
New York City
The used car retailer net quarterly sales declined 17% to $1.83 billion on comparable store used unit sales fall of 17%. Net earnings dipped 3% to $28.7 million on lower sales and increased costs at its financing arm in the quarter. Earnings per share were 13 cents, flat with a year-ago quarter.
123jump.com Staff
26 Jun, 2009
New York City
Consumer prices in Japan fell sharply in April sparking worries that deflation may be anchored in the economy. The fall in exports, weak job markets and weak consumer demands are spurring price declines. Bridgestone revised its outlook for first half loss. Nippon Electric estimated Q1 profit.
123jump.com Staff
26 Jun, 2009
New York City
Stocks in India surged as investors expect higher infrastructure spending in the upcoming budget. The latest move by NSE to reduce lot sizes for stock futures also contributed to stock gains. Tata Motors and Tata Steel reported weaker than expected results. Jaguar and Land Rovers sales plunged.
123jump.com Staff
25 Jun, 2009
New York City
European industrial orders index declined in April. Lufthansa grounded 25 planes to lower capacity and plans to cut 300 million euros cost. UBS raised 3.5 Swiss francs 3.8 billion through share placement and said company will declare loss in the second quarter.
123jump.com Staff
25 Jun, 2009
New York City
Fed Chairman was on a hot seat and had to defend his conduct at the time of Merrill Lynch takeover by the Bank of America. Bernanke denied that he interfered with the merger or forced the outcome. Republican lawmakers appeared not convinced by stock market surged ahead.
123jump.com Staff
25 Jun, 2009
New York City
British Airways said that nearly 7,000 employees have shown interest in voluntary work with no pay program. The negotiations with administrative staff and cabin crew are still not final. Pilots have agreed to a small pay cut in exchange of longer work hours and a stake in the company.
