123jump.com Staff
23 Jan, 2009
New York City
Advanced Micro dropped more than 10% on 33% fall in sales and a net loss. Barclays declined for the ninth day in a row. Caterpillar dropped on the worries that sales and earnings will be lower than expected. Wyeth rose 8% after Pfizer is expected to launch a rival bid.
123jump.com Staff
23 Jan, 2009
New York City
Mumbai benchmark stock index declined 1.6% on mixed earnings and worries that the economy may decelerate faster than estimated. The government is expected to release interim budget in February before the general election in May. The government is expected offer subsidies for interest rate for homes.
123jump.com Staff
23 Jan, 2009
New York City
Stocks in Australia plunged on the growing worries of widening recession and rising expectations of higher unemployment. Former RBA governor Fraser estimated that the current recession will be deeper and last longer than the previous recession. Unemployment rate is expected to cross 6% in 2009.
123jump.com Staff
23 Jan, 2009
New York City
Sony estimated first annual loss in fourteen years demand for games, electronics and entertainment products fall. Samsung in Korea also reported weak outlook for memory chips. The benchmark index in Tokyo trading dropped 3.8%. Toyota will cut full time staff for the first time in sixty years.
123jump.com Staff
23 Jan, 2009
New York City
Stocks in Hong Kong traded with a negative bias on the earnings worries and continued malaise in U.S. and UK financial system. China Railways, Sinopec and Chalco estimated sharp declines in profit in the latest quarter. Hong Kong also cut aviation fuel surcharge by 44%.
123jump.com Staff
22 Jan, 2009
New York City
The multi-brand restaurant operator reported total sales from continuing operations rose 9.6% to $1.67 billion, including an incremental $100 million of sales from the LongHorn Steakhouse and The Capital Grille brands. Same-restaurant sales were down 5.3% and net earnings from continuing operations were $58.5 million, or $0.42 a share.
123jump.com Staff
22 Jan, 2009
New York City
The electronic products manufacturing solutions company reported first quarter flat revenue of $3.38 billion and net income of $46.22 million or 22 cents a share. The company estimated second quarter revenues between $2.8 billion and $3 billion.
123jump.com Staff
22 Jan, 2009
New York City
Used vehicles retailer reported fiscal third quarter net loss of $21.87 million or 10 cents per share compared to $29.85 million profit or 14 cents per share with sales decreasing to $1.46 billion from $1.89 billion.
123jump.com Staff
22 Jan, 2009
New York City
The rail road cars maker reported net loss in the first quarter of $3.3 million or $0.20 per diluted share on revenues of $256 million. The company reduced dividend from 8 cents a share to 4 cents a share.
123jump.com Staff
22 Jan, 2009
New York City
For the second quarter revenues were nearly to $985.2 million and net income of $71.8 million or 47 cents per share, down from $82.9 million a year ago. Higher medical expenses, energy costs and tax rate lowered the earnings.
123jump.com Staff
22 Jan, 2009
New York City
The chip maker fourth quarter revenue declined 19% from the third quarter. Gross margin declined six percentage points from the third quarter to 53.1%. In the quarter Intel generated $11 billion in cash flow from operations, spent $5.2 billion in capital, paid over $3 billion in dividends.
123jump.com Staff
22 Jan, 2009
New York City
The largest financial institution posted a $4 billion profit for 2008 despite $10 billion in capital market losses and $27 billion in credit costs. Revenue in the quarter on rose 19% to $15.98 billion. Net loss was $1.8 billion or $2.4 billion after deferred dividends.
123jump.com Staff
22 Jan, 2009
New York City
U.S. stocks edged lower on weak earnings. Microsoft, eBay, airlines and shipping companies reported weak earnings. Google after the close reported earnings decline of 68% on a write down of AOL and Clearwire investment. Google earned $1.21 a share after the write down.
Mayank Mehta
22 Jan, 2009
New York City
Microsoft said that it no longer can estimate its annual earnings and may cut as many as 5,000 jobs. Aflac plunged on worries of UK banks holdings in its portfolio. AMR Corp dropped on a loss but Southwest gained. Apple declined on 2% rise in income. eBay declined on weak earnings.
123jump.com Staff
22 Jan, 2009
New York City
UK home repossessions rose 92% in the third quarter and manufacturing survey showed weak sentiment in the sector. For the three months to January, the CBI survey indicated a decline in demand, fall in employment and a drop in capacity utilization. In a listless trading, Lloyds Banking led gainers.
