123jump.com Staff
10 Mar, 2009
New York City
London market averages closed higher and government report that showed industrial production fell in three months to January. Insurance and bank stocks closed higher as bargain hunters braved in the sector. HSBC surged 14% Friends Provident soared 21%.
123jump.com Staff
10 Mar, 2009
New York City
The specialty apparel retailer quarterly sales decreased 13% to $4.08 billion on comparable store sales decline of 14%. Net quarterly earnings dropped 8% to $243 million. Earnings per share decreased to 34 cents from 35 cents a year-ago quarter. The company opened net nine new stores in the quarter.
123jump.com Staff
10 Mar, 2009
New York City
Producer price index in China declined 4.5% in February and urban home prices fell 1.2% in the month. Hong Kong Air Cargo Terminals Limited said air cargo volume fell 22% in February and cumulative tonnage in the first two months of the year dipped 27%.
123jump.com Staff
10 Mar, 2009
New York City
Lincoln National Corporation led gainers in the S&P 500 index with a rise of 26.9%. AeroVironment, Inc third quarter net down 25%. Casey
123jump.com Staff
10 Mar, 2009
New York City
The payment services provider quarterly revenue increased to $319 million. Net quarterly income was $122.9 million and earnings per share were 47 cents compared to a loss of $14.18 a year-ago quarter. The company expanded its global agent network by 23%.
123jump.com Staff
10 Mar, 2009
New York City
Pet products and services provider comparable store sales grew 3% to $1.36 billion while net income grew marginally to $78.39 million. Earnings per share increased to 62 cents compared to 59 cents in the fourth quarter of 2007. For the fiscal year, earnings per share were $1.52 and sales increased to 8.4% to $5.07 billion from a year ago.
123jump.com Staff
10 Mar, 2009
New York City
The hotel and leisure group reported revenue decreased 46% to $81.7 million. Net loss widened 879% to $48 million in the quarter. The company lost $1.04 a share compared to earnings of 12 cents a year-ago quarter. Revenue per room declined 16% in local currency.
123jump.com Staff
10 Mar, 2009
New York City
Australian stocks closed higher on a rise in crude oil prices. A private report indicated that job ads in metropolitan newspapers and on the Internet declined 40% from a year ago in February. Separately, New Zealand electronic charge card transactions declined in February.
123jump.com Staff
10 Mar, 2009
New York City
Schering Plough and Merck mega-merger and Dow Chemical decision to purchase Rohm & Haas at pre-crisis market price failed to lift market sentiment in New York trading. A sharp in rise Japanese current account deficit weakened investors confidence in Asian trading.
123jump.com Staff
09 Mar, 2009
New York City
European markets traded mixed after different sets of economic news generated mixed market sentiment. The ECB President, Jean Claude Trichet, today said the global economy may pick up in response to recent stabilization measures. The World Bank predicted first economic global shrink since the WW II.
123jump.com Staff
09 Mar, 2009
New York City
U.K. government increases stake in Lloyds Banking Group. The government will replace its preference shares of 4 billion pounds to common shares to be issued at 38.4 pence a share. UK government holding in the lender may surge to 65%. Luxury home prices fall 1.5% in February.
123jump.com Staff
09 Mar, 2009
New York City
Schering Plough surged after the company agreed to be acquired for drug maker for $41.1 billion. The recent consolidation in the drug industry only highlights the escalating cost of the drug development. Aflac led decliners in the S&P 500 index of 14.9%.
123jump.com Staff
09 Mar, 2009
New York City
Indian stocks fell in volatile trading ahead of market holidays on Tuesday and on Wednesday on a weakness in regional and a weak rupee. The rupee fell to 51.65 against the dollar. Real estate linked stocks declined on a government report suggested a weakness in the industry.
Darlington Musarurwa
09 Mar, 2009
New York City
The benchmark index in Hong Kong dropped nearly 5% after HSBC finalized the price of rights offering at a significant discount to its recent price. The news of the discount and size of the offering dragged market averages lower. Foxconn International dropped 15% after profit plunged 83%.
123jump.com Staff
09 Mar, 2009
New York City
Australian stocks rose 0.3% on rising metal and energy prices. Investors were also bullish after a private survey indicated that three quarters of first time home buyers are planning to buy a house because of a government grant, low interest rates and affordable prices.
