123jump.com Staff
27 Jan, 2009
New York City
Stocks in Australia rebounded sharply on the rise in business confidence. Producer price index rose 1.3% in December from November and 6.5% from a year ago. A rise in commodities and crude oil prices lifted trading sentiment. Macquarie Countrywide led gainers in the ASX 200 index shares.
123jump.com Staff
27 Jan, 2009
New York City
The semiconductor chipmaker reported first quarter net loss of $706 million or $0.91 per share versus a net loss of $262 million or $0.34 per share a year ago, including a $369 million non-cash write-down of memory inventories. Net sales in the quarter fell 9% to $1.40 billion.
123jump.com Staff
26 Jan, 2009
New York City
Barclays in a letter to investors stressed that the company has
123jump.com Staff
26 Jan, 2009
New York City
U.S. stocks edged higher after a mega merger between Pfizer and Wyeth. The existing home sales rose unexpectedly 6.5% in December. Earnings dominated trading sentiment. Caterpillar and Deere & Company fell on weaker than expected outlook. Gold rose above $900 per ounce.
Mayank Mehta
26 Jan, 2009
New York City
Earnings and merger news dominated movers in trading. Caterpillar and Deere & Company dropped on earnings outlook. Morgan Stanley and Bank of America rose after earnings fees for arranging a merger between Pfizer and Wyeth. Lennar surged after an analyst upgraded the stock.
123jump.com Staff
26 Jan, 2009
New York City
Pfizer offers $68 billion for Wyeth. The largest deal between two pharmaceutical companies in a decade will create one of the largest and diversified drug companies in the world.
Darlington Musarurwa
26 Jan, 2009
New York City
Stocks in Japan fell on the worries that auto exports and domestic sales will fall. Media reports also suggested that Nomura may suffer a loss of as much as 300 billlion in the latest quarter largely on Madoff scandal in the U.S. Nissan predicts a sharp fall in global vehicle sales.
123jump.com Staff
25 Jan, 2009
New York City
The transaction processor reported revenues rose 30% to $401.1 million despite the unfavorable impact of foreign currency exchange rates. Earnings increased 26% from a year ago to $48.91 million. Earnings per share grew to $0.60 compared to $0.48 in the prior-year quarter.
123jump.com Staff
25 Jan, 2009
New York City
Ruby Tuesday second quarter net loss was $37.42 million or $0.73 per share much wider than a net loss of $10.35 million or $0.20 per share last year. Total revenue decreased 9.7% during the quarter fueled by a 10.8% decline in same restaurant sales.
123jump.com Staff
24 Jan, 2009
New York City
The online auctioneer reported revenue declined 7% to $2.04 billion and net income fell to $523.8 million or $0.41 a share down from $610.9 million or $0.45 a share a year ago quarter. The company expects first quarter revenues between $1.8 billion and $2.05 billon.
123jump.com Staff
24 Jan, 2009
New York City
For the fourth quarter Citigroup reported a net loss of $8.29 billion or $1.72 per share versus a net loss of $9.83 billion or $1.99 per share a year ago. Total revenues from continuing operations for the year 2008 decreased 33% to $52.8 billion from $78.5 billion.
123jump.com Staff
23 Jan, 2009
New York City
The largest seller of Linux Software reported third quarter net income of $24.3 million or 12 cents a share compared to $20.3 million or 10 cents a share in the quarter a year ago. The company generates 45% of revenues from non-U.S. markets. The company authorized $250 million stock buyback program.
123jump.com Staff
23 Jan, 2009
New York City
The drugstore retailer net sales rose 6.6% to a record $14.9 billion, up 6.6%. Same store sales rose 1.7% and net earnings decreased 10.4% to $408 million or $0.41 a share. The company announced slowing of new store openings to reduce capital expenditure by $500 million.
Darlington Musarurwa
23 Jan, 2009
New York City
U.K. economy lost more steam in the fourth quarter. The economy shrank 1.5% in the fourth quarter after dropping 0.6% in the third quarter of lastyear. Manufacturing led the decline with a fall of 4.6%. The pound weakened further against all major currencies. Tata Motors and UK are in bailout talks.
123jump.com Staff
23 Jan, 2009
New York City
U.S. stocks traded sideways on weak earnings and continued worries of the financial system health. Citigroup raised $12 billion in a largest FDIC guaranteed offering. President Obama promised tighter oversight of TARP funds after former Merrill Lynch chief used $1.2 million to renovate his office.
