123jump.com Staff
18 Mar, 2009
New York City
The Planning Commission of India suggested that economic growth in India is likely to reach as high as 7% on stimulus. Stocks gained on the report that foreign investors increased their purchase of stocks and direct investment in India surged in January.
123jump.com Staff
18 Mar, 2009
New York City
Sun Microsystems, Inc led gainers in the S&P 500 index with a rise of 64.4%. Adobe Systems Incorporated first quarter earnings falls but above the estimates. Darden Restaurants third quarter net drops 15%. General Mills falls on lower than expected earnings guidance.
123jump.com Staff
18 Mar, 2009
New York City
U.S. stocks traded lower ahead of interest rate decision from the Fed. The restaurant stocks edged higher after better than expected earnings from Darden Restaurants. Coca-Cola bid to purchase the largest juice company in China was rejected. Sun Microsystems surged on IBM bid.
123jump.com Staff
18 Mar, 2009
New York City
The home builder first quarter revenue dipped 66% to $373.8 million with losses going up 9.6% to $178.4 million due to prolonged downturn. Earnings per share were a loss of $2.29 against $2.07 from a year ago quarter.
123jump.com Staff
18 Mar, 2009
New York City
World Bank lowers economic growth of China forecast to 6.5%. Chinese regulators reject Coca-Cola $2.4 billion bid to purchase Huiyuan Juice, the company with the largest market share. Stocks in Hong Kong rose on short covering and ahead of HSBC rights offering tomorrow.
123jump.com Staff
18 Mar, 2009
New York City
Bank of Japan to increase JGB purchases to 21.6 trillion yen per year. Separately the central bank elected to keep its key rate unchanged at 0.1%. Japan
123jump.com Staff
18 Mar, 2009
New York City
Australian index of leading economic activities indicators declined in January as domestic economy shrinks and consumers curtail spending. Retailer, David Jones first half profit increased 2.4%. Metals and mining related stocks declined after prices of gold and copper edged lower.
123jump.com Staff
17 Mar, 2009
New York City
Nucor Corporation led the decliners in the S&P 500 index with a loss of 12.0%. FactSet Research Systems Inc second quarter net up 17% on stronger dollar. Jamba, Inc reported fourth quarter net loss. Star Bulk Carriers Corp fourth quarter net soars on bigger fleet.
123jump.com Staff
17 Mar, 2009
New York City
Stocks in India declined despite a regional gains in trading. Indian government official voiced confidence in meeting direct taxes collection. Several large companies filed avanced tax payment, but lower than anticipated.
123jump.com Staff
17 Mar, 2009
New York City
The craft and fabric retailer quarterly net sales decreased 2.4% to $571.9 on same-store sales fall of 2.9%. Net quarterly income declined 26% to $20.4 million including a $1.3 million after-tax gain. Earnings per share decreased to 79 cents from $1.10 a year-ago quarter.
123jump.com Staff
17 Mar, 2009
New York City
Stocks in Hong Kong and in Shanghai declined after investors sold stocks on recent gains in stocks. Coca-Cola proposed acquisition of Huiyuan Juice is still under review. China added new anti-monopoly regualtions last year. Ahead of voting on rights issue, HSBC traded higher.
123jump.com Staff
17 Mar, 2009
New York City
U.S. housing starts in February rose after falling sharply in January. The multi-family units construction starts surged after hovering near three decade lows. Separately, a measure of wholesale price index increased in the month from January but still lower from a year ago.
123jump.com Staff
17 Mar, 2009
New York City
Stocks in Tokyo surged on an unexpected rise in service index in January. The benchmark index closed up 3.2% on the report. Realty stocks surged for the second day in a row. Tokyo Land Co. surged 8.6% and Sumitomo Realty soared 8.2%. Mitsubishi UFJ Financial Group led financial with a rise of 8.2%.
123jump.com Staff
17 Mar, 2009
New York City
Australian stock index surged after the Reserve Bank of Australia released its latest minutes of meeting. The statement suggested that the central bank has flexibility to lower rates further if economic conditional turn weaker. Chinalco purchase of Rio may fall under more scrutiny.
123jump.com Staff
14 Mar, 2009
New York City
Intrepid Potash fourth quarter sales increased 41.2% to $ 79.49 million with net income growing four fold at $22.7 million, from prior year quarter due to average potash price shooting 243% to $840 per metric ton. Earnings per share were 30 cents.
