123jump.com Staff
09 Mar, 2009
New York City
Japan current account deficit rises to 172.8 billion yen in January compared to surplus of 3.2 trillion yen a year ago period. Separately, bank lending dropped 3.8% in February but regional and smaller banks increased their lending. Realty stocks declined with Mitsui Fudosan dropping 8%.
123jump.com Staff
08 Mar, 2009
New York City
The fruit and vegetable producer quarterly net sales decreased 2% to $831 million. Net income declined 37% to $26 million in the quarter. Earnings per share decreased to 41 cents from 69 cents a year-ago quarter. The company estimates capital expenditures of $120 million in fiscal 2009.
123jump.com Staff
07 Mar, 2009
New York City
Autodesk fourth quarter revenue decreased 18% to $490 million and loss per share was $0.47 against $0.40 in the prior year quarter. For the first quarter, the company expects revenue in the range of $400 million to $440 million and loss per share in the range of 8 cents and 20 cents.
123jump.com Staff
06 Mar, 2009
New York City
European main indexes closed on the downside on worries that the global recession may continue to batter consumer spending and corporate earnings through the year. Veolia Environnement reported lower than expected annual results and cut its dividend. Air France passenger traffic dropped.
123jump.com Staff
06 Mar, 2009
New York City
U.S stocks traded volatile after employers cut jobs at a rate lower than previous months. Crude oil jumped and lifted stocks of energy companies. Banks and financial stocks remain under pressure in Europe and in the U.S.
123jump.com Staff
06 Mar, 2009
New York City
Wells Fargo & Company led gainers in the S&P 500 index with a rise of 16.1% on a dividend cut. AnnTaylor Stores Corporation posts fourth quarter loss. Eastman Kodak Company dropped 14% on a debt rating downgrade on high cash outflow. H&R Block trades higher on quarterly profit.
123jump.com Staff
06 Mar, 2009
New York City
Stocks in Mumbai trading rebounded on the hopes that the economy will recover in the third quarter of this year. Stocks closed higher on low trading volume. Rupee edged higher but hover near the record low and foreign exchange reserve edged lower at the end of February.
123jump.com Staff
06 Mar, 2009
New York City
Stocks adjusted to lower level after China did not expand its large stimulus package. In Hong Kong trading banks and insurance companies fell. Manulife Financial Corp plunged 10.1% to HK$62.30 after its Toronto-listed parent company shares fell yesterday.
123jump.com Staff
06 Mar, 2009
New York City
As global economic recession widens, Japan is feeling export pressures. Preliminary exports declined 47% in February and imports fell 28%. Japan is likely to accelerate its direct corporate lending in less than a month as companies find it difficult to borrow money.
123jump.com Staff
06 Mar, 2009
New York City
World markets dropped as global investors held hostage to the political inaction in Washington. U.S. led world recession continue to deepen and widen across industries and nations around the world. Central banks in Europe and UK lowered interest rates and UK prepares to print money. Gold shines.
123jump.com Staff
06 Mar, 2009
New York City
European stocks fell sharply on economic concerns after leading central banks in Europe cut a half-point interest rate and economic data from the US, Germany and the euro region confirmed the deepening of recession. ECB and BoE lowered rates by 0.5% and ECB lowered growth estimate.
123jump.com Staff
06 Mar, 2009
New York City
Australian benchmark index fell 1.4% after Reserve Bank of Australia board member and chairman of Telstra warned that economic conditions in the country are deteriorating precipitously. Australian economy is expected to slip into recession during the second half of this year.
123jump.com Staff
05 Mar, 2009
New York City
General Motors Corporation led the decliners in the S&P 500 index with a loss of 11.3%. PetSmart, Inc fourth quarter net rises. Toll Brothers, Inc first quarter sales surged 51.4%. Urban Outfitters, Inc fourth quarter net falls 24%.
123jump.com Staff
05 Mar, 2009
New York City
European averages fell sharply after the Bank of England and ECB cut key rates to a record low. The BoE prepared to print money, a highly inflationary step that may hamper the economic growth in the longer term. Investors were also shaken by news that UK house prices fell further in February.
123jump.com Staff
05 Mar, 2009
New York City
Reserve Bank of India lowered its key lending rate to 5% to stimulate demand and maintain liquidity in the financial system. The latest measure of wholesale inflation declined. Stocks fell as foreign investors sell stocks and drive rupee to near record low. Tata Motors credit rating downgraded.
