123jump.com Staff
11 Jun, 2009
New York City
Japan first quarter GDP decline was revised to 14.2% from 15.2% on lower decline in capital spending. Stocks that are expected to benefit from the cyclical recovery in the economy closed higher. Steelmakers surged with Nippon Steel, Kobe Steel and JFE leading gainers.
123jump.com Staff
11 Jun, 2009
New York City
Wholesale inflation in India at the end of May dropped to 0.13% and stocks closed lower after rallying for thirteen weeks. State controlled oil refining and marketing companies fell after crude oil prices increased and IEA revised its demand for global oil demand.
123jump.com Staff
11 Jun, 2009
New York City
European stocks edged higher as more investors focused on the global economic recovery. Industrials, steelmakers and heavy equipment makers gained. Fiat SpA, the sixth largest automaker now focuses on integrating Chrysler and debt reduction.
Darlington Musarurwa
10 Jun, 2009
New York City
European stocks closed higher as energy prices gained. German inflation fell to zero, 22-year low and French manufacturing index declined. UK trade deficit increased. HeidelbergCement lowers its stake in Indonesian cement company and Accor sold 4% stake in Club Med.
123jump.com Staff
10 Jun, 2009
New York City
The yields on U.S. Treasuries increased as the bond auction raised $19 billion. The U.S. budget deficit in May surged 14% to $189.7 billion. Russia may switch some of its dollar reserves in the IMF bonds. Bond yields are now nine-month high as the U.S. debt offering surges.
123jump.com Staff
10 Jun, 2009
New York City
UK stocks edged higher today tracking gains in commodities. Stocks are now following the trends in the commodities and in energy markets. UK production output declined and trade deficit increased to
Darlington Musarurwa
10 Jun, 2009
New York City
Stocks in Japan closed higher after financials and shipping companies rallied. Three largest shipping companies edged higher after comments from Credit Suisse. Separately, K-Line is preparing to cut additional 3 billion yen in costs. Machinery orders declined April.
123jump.com Staff
10 Jun, 2009
New York City
The fashion jewelry retailer first quarter sales declined 22% to $ 523.1 million and net earnings plunged 62.5% to $24 million due to steeper than expected drop in sales. The company earned 20 cents per diluted share, compared with 50 cents from a year ago quarter.
123jump.com Staff
10 Jun, 2009
New York City
Big Lots first quarter sales fell slightly to $1.14 billion with net profit increasing 4.9% to $36.2 million due to lower expenses. Earnings per share were 44 cents as against 42 cents a year ago and are expected to range from $1.85 to $1.95, for the full year.
Mayank Mehta
10 Jun, 2009
New York City
Ameriprise Financial declined 9% after it planned $900 million offering. CB Richard Ellis surged 18% after it places $100 million of stocks with hedge funds controlled by Paulson & Co. Citigroup initiated the process of converting preferred shares of $58 billion.
123jump.com Staff
10 Jun, 2009
New York City
Stocks in India climbed higher as net purchase from foreign investors reaches $5 billion with most of it invested in the last six weeks. HDFC seeks to raise 4,000 crore rupees and Rural Electrification plans to 3,000 crore rupees offering.
123jump.com Staff
10 Jun, 2009
New York City
Stocks in Australia surge after consumer confidence soars. The government stimulus and first quarter GDP expansion contributed to the confidence boost. The home loans increased in April and loans to first time home buyers were 28% of all loans. Karoon Gas raised A$150 million.
123jump.com Staff
09 Jun, 2009
New York City
U.S. stocks closed mixed but tech stocks closed higher on revised outlook from Texas Instruments. Crude oil reached intra-day high of $70 a barrel since October last year. Copper and other base metal prices increased.
Darlington Musarurwa
09 Jun, 2009
New York City
European markets closed mixed after German exports fell more than expected in April and industrial production declined. Business confidence in France in May increased. Arcandor filed for insolvency and bankers will sell its majority stake in Thomas Cook. Air France-KLM traffic declined.
123jump.com Staff
09 Jun, 2009
New York City
U.K. house prices rise 1.1% in April. BlackRock values investment management unit of Barclays at $13 billion. Thomas Cook majority stake is likely to be auctioned after Arcandor files for insolvency. Greene King acquires 30 pubs at
