123jump.com Staff
28 May, 2009
New York City
Investors in India focused on economic growth prospects and higher earnings while rating agencies sounded alarm of rising government deficit. The government is likely to record annual deficit of 10% or higher for the second year in a row.
123jump.com Staff
27 May, 2009
New York City
The global retailer first quarter sales fell marginally to $93.47 billion. Income from continuing operations were also flat at $3.03 billion. Earnings per share were 77 cents as against 76 cents in the previous year.
Darlington Musarurwa
27 May, 2009
New York City
Australian stocks are expected to trade lower after a weak close in New York and a rise in bond yields. Crude oil traded as high as $63 a barrel after Saudi minister estimated price above $75 by the end of the year. Westfield Group unit completes $700 million debt offering.
123jump.com Staff
27 May, 2009
New York City
U.S. stocks dropped as the government conducted its second day of debt auction. The wide participation in the bond auction did not prevent yields from rising. The benchmark yield spread rises to 276 basis points. Stocks fell as the U.S. carries our $171 billion debt auction this month.
123jump.com Staff
27 May, 2009
New York City
European market indexes closed higher. Germany reported consumer price index declined in May. Consumers and businesses reported a rise in confidence in France. Steel stocks gained in Frankfurt. EDF plans to raise 1 billion euros.
123jump.com Staff
27 May, 2009
New York City
Shipping freight rate index closed higher for the eighteenth day in a row. Speculators cited congestion at Chinese ports, rising shipping day rates and demand for iron ore in Asia. Media stocks closed higher after a broker revised earnings outlook for the industry.
Mayank Mehta
27 May, 2009
New York City
General Motors led the decliners in the S&P 500 index of 13.1%. American Eagle Outfitters posts better than expected first quarter profit. Bank of Montreal second quarter net drops. Donaldson Company beats earnings estimates but misses on revenues. Chico
Darlington Musarurwa
27 May, 2009
New York City
Stocks in Japan closed higher, lifted by global markets. April exports plunged 36% and trade surplus in the month declined 85%. Exports to China, U.S. and Europe dropped sharply. Nikon plans to eliminate 1,000 jobs. Toshiba completed $3 billion rights offering.
123jump.com Staff
27 May, 2009
New York City
Finance Minister Mukherjee said that the government is focused on increasing infrastructure spending but will meet its budget deficit target of 5.5% in the current fiscal year. Reliance Industries may hold more than expected natural gas. April exports may have declined 33%.
123jump.com Staff
26 May, 2009
New York City
The U.S. stocks closed higher on a strength in technology and energy companies. Better than expected consumer confidence data and widespread interest in U.S. Treasury short term debt auction also contributed to the market gain.
123jump.com Staff
26 May, 2009
New York City
Stocks in Europe rebounded after better than expected consumer confidence data in the U.S. Danone SA plans to raise 3 billion euros to repay debt. Germany left its first quarter GDP unrevised at a decline of 3.8%.
Mukesh Buch
26 May, 2009
New York City
UK stocks staged a sharp reversal in the afternoon trading after the release of consumer confidence data in the U.S. The benchmark stock surged from a decline of 1.5% to close up 1%. Rio Tinto offered 33% discount for iron ore shipment till the end of March next year.
Darlington Musarurwa
26 May, 2009
New York City
Investors are still digesting the impact of recent share sales announced or completed by several companies. Investors are still digesting the impact of recent share sales announced or completed by several companies.
In Hong Kong property stocks gained but in Shanghai energy related stocks fell.
123jump.com Staff
26 May, 2009
New York City
The medical device maker net sales decreased 1% to $3.8 billion in the quarter. Net quarterly profits plunged 69% to $250 million impacted by in-process research and development charges. Earnings per share slumped to 22 cents from 72 cents in the prior-year quarter.
123jump.com Staff
26 May, 2009
New York City
Zions led gainers in the S&P 500 index with a rise of 5.9%. Chimera Investment declined more than 6%. Chemed Corporation gained 3% after MMI Investment withdrew its slate of board of directors. Morgan Stanley acquires a minority stake in real estate developer in India.
