123jump.com Staff
22 Mar, 2009
New York City
The office products supplier quarterly sales rose 16% to $6.2 billion. Net quarterly income declined 14% to $286 million on higher operating expenses. Earnings per share dropped to 40 cents from 47 cents a year earlier. The company generated record free cash flow of $1.3 billion in fiscal 2008.
123jump.com Staff
20 Mar, 2009
New York City
U.S. stocks declined after General Electric offered weak earnings outlook in its financial division. Banks and financial services stocks fell with GE dropping as much as 7%. GE has plunged 73% in the last one year of trading. The CBO revised its estimate of U.S. budget deficit sharply higher.
123jump.com Staff
20 Mar, 2009
New York City
The latest nonpartisan U.S. Congressional office suggested that the U.S. budget deficits will surge to $1.8 trillion in fiscal 2009 and to $1.4 trillion in fiscal 2010. Obama administration is looking to spend $3.55 trillion in fiscal 2010.
Darlington Musarurwa
20 Mar, 2009
New York City
U.K. stocks closed higher for the second day in a row on a rise in insurance and mining stocks. Banks closed lower. Regus Group Plc surged 31% to 65.5 pence after the rental office services provider reported 2008 annual revenue rise of 25% and earnings gain of 11%.
Mayank Mehta
20 Mar, 2009
New York City
MGM Mirage and Lincoln National drop on debt downgrades. AIG plunges on more investigations in bonus practices. Fluor Corp declines on project halt in Kuwait. AutoNation and Cabot Corp fall on ratings downgrade.
123jump.com Staff
20 Mar, 2009
New York City
Foreign exchange reserves of India rises by $1.4 billion. RBI will unveil its credit policy on April 21. Retail inflation eases to 10.79% in February. In trading, telecom stocks fell on lower text message tariff and L&T declined after the settlement with Grasim on cross holdings.
123jump.com Staff
20 Mar, 2009
New York City
Hong Kong GDP falls 2.5% in the fourth quarter. Stocks in Shanghai and Hong Kong closed lower after weaker than expected earnings from China Mobile and Alibaba.com Ltd. Hong Kong bankruptcies increase 120% in February. Ahead of bank earnings next weeks, investors sold financial stocks.
123jump.com Staff
20 Mar, 2009
New York City
U.S. stocks trade higher. Gold and crude oil decline after surging in previous sessions. European industrial production declines in January at a faster pace than in December. Alibaba.com falls on earnings miss. Asian markets close generally lower on weak regional trading.
123jump.com Staff
20 Mar, 2009
New York City
Australia revised its jobless rate higher and economic growth rate lower. Jobless rate is expected to rise to 7% and economic growth is expected to drop to 0.75% in the current fiscal year. Separately, BHP slashes prices of coal for Japanese customers and other miners lower coal prices as well.
123jump.com Staff
20 Mar, 2009
New York City
The men''s apparel retailer total quarterly sales declined 11% to $476.4 million. Net quarterly income plunged 90% to $1.5 million. Earnings per share slumped to 3 cents from 28 cents a year-ago quarter. Sales decreased 6.6% to $1.97 billion for fiscal 2008.
123jump.com Staff
19 Mar, 2009
New York City
U.S. stocks declined as global investors voice skepticism about the Fed plan to purchase the U.S. government debt and pump cash in financial system. European banks closed higher and resource stocks surged in UK. Precious metals and energy prices soared on the worries of rising inflation.
123jump.com Staff
19 Mar, 2009
New York City
Prudential Financial, Inc led the decliners in the S&P 500 index with a loss of 21%. FedEx Corporation third quarter profit falls 75%. NIKE, Inc quarterly profit declines 47%. Of the stocks in S&P 500 index, 181 increased, 315 declined and 4 were unchanged.
123jump.com Staff
19 Mar, 2009
New York City
The grocery chain retailer total quarterly sales increased marginally to $17.3 billion. Net earnings rose 8% to $349.2 million in the quarter. Earnings per share increased to 53 cents from 48 cents a year-ago quarter. Total sales increased 8.2% to $76.0 billion for fiscal 2008.
123jump.com Staff
18 Mar, 2009
New York City
Stocks in London trading declined after the latest jobless report. The unemployment claims rose by 138,400 to 1.39 million on February and number of unemployed increased to above 2 million with unemployment rate of 6.5%. Total number of unemployed in UK are likely to rise above 3.3 million.
123jump.com Staff
18 Mar, 2009
New York City
U.S. stocks closed higher, Treasuries surged but dollar declined after Fed offered another plan to spend more than $1 trillion to purchase mortgage securities and debts of the U.S. government. Fed left its target rate range unchanged and offered to provide more credit support to the housing market.
