123jump.com Staff
14 Jan, 2009
New York City
Stocks in London fell sharply after Morgan Stanley estimated a need of as much as $30 billion of additional capital for HSBC. Barclays suggested that it may eliminate additional 2,000 jobs. Stocks of banks and other financial institutions fell after Man Group asset under management declined.
123jump.com Staff
14 Jan, 2009
New York City
The global financial services firm reported net revenues were $1.8 billion and net loss was $2.2 billion, or $2.34. The company received $10 billion under TARP program and raised $9 billion from Mitsubishi UFJ. Net leverage declined to 11.4 from the peak of 32.6 in 2006.
123jump.com Staff
14 Jan, 2009
New York City
The food company reported 8.3% spurt in sales to $4.01 billion on increased volume, higher price realization and positive product mix. Earnings dropped 3% to $378 million or $1.09 a share due to lower margins and higher expenses.
123jump.com Staff
14 Jan, 2009
New York City
The athletic shoe and apparel maker revenues rose 6% to $4.6 billion, compared to $4.3 billion for the same period last year. Net income rose to $391 million or $0.80 a share from $359.4 million or $0.71 a share, a year earlier. The Company reported worldwide future orders rose 6% to $6.7 billion.
123jump.com Staff
14 Jan, 2009
New York City
The furniture maker reported second quarter sales declined 5.8% to $477 million and earnings fall of 10.4% to 60 cents per share from prior year period. Consolidated orders for the quarter declined to 26% $426 million compared to $573 million last year, a decrease of 26%.
123jump.com Staff
14 Jan, 2009
New York City
The packaged food company reported second quarter net income of $168.1 million or 37 cents per share down from $244.8 million or 50 cents per share from a year ago. The company reaffirmed its 2009 guidance of $1.50 a share from continuing operations.
123jump.com Staff
14 Jan, 2009
New York City
Stocks in Shanghai soared 4% and in Hong Kong gained 0.3%. China revised its 2007 economic growth to 13% from 11.9% but Deutsche Bank estimated that the nation will face the sharpest economic slowdown in 10 years. China trimmed fuel prices between 2% and 3%. RBS sold its stake in Bank of China.
Darlington Musarurwa
14 Jan, 2009
New York City
In weak trading, stocks in Tokyo edged higher. Toshiba and Fujitsu are exploring a merger of hard disk business. Of the Nikkei 225 stocks, 136 increased, 73 declined, and 16 were unchanged. Casio Computer led advancers in the index shares with a rise of 8.2% followed by NSK Insulators gaining 6.3%.
123jump.com Staff
14 Jan, 2009
New York City
Australian home loans rise 1.3% in November. Wesfarmers cuts interim profit forecast to A$850 million to A$880 million on increasing derivative loss provisions. Rio Tinto will slow Argyle underground project. HFA Holdings led decliners in the ASX 200 index with a loss of 11%.
123jump.com Staff
13 Jan, 2009
New York City
Fed Chairman Bernanke stressed that more capital may be needs to support financial system and a need for fiscal programs. UK trade deficit grows. Stocks in Japan plunged 4.5%. Exports in China declined on slowing global trade.
123jump.com Staff
13 Jan, 2009
New York City
Indian government orders criminal probe in Satyam scandal. Wipro was banned for from the World Bank. The largest real estate developer in India, DLF raised 1,700 crore rupees in the debt market lifting other real estate stocks. Infosys surged on better than expected earnings.
Darlington Musarurwa
13 Jan, 2009
New York City
U.K. trade deficit widens to
123jump.com Staff
13 Jan, 2009
New York City
Fed Chairman Bernanke highlighted that recent easing in the monetary policy may not be enough and fiscal measures may be needed to revive the economy. For the first time, chairman acknowledged that the weakness in financial monitoring by regulators and at rating agencies contributed to the crisis.
123jump.com Staff
13 Jan, 2009
New York City
Exports from China declined 2.8% to $111.2 billion and imports declined 21.3% to $72.2 billion. For the year 2008, total international trade rose 17.8% to $2.56 billion, but the exports and imports are expected to slow sharply in the first half of the year.
123jump.com Staff
13 Jan, 2009
New York City
Stocks in Japan plunged 4.5% after a day after holiday. Rising yen, falling corporate profits and declining current account surplus added to investors anxieties. Sony and Toshiba expect operating loss for the current fiscal year. Current account surplus plunged 66% in November.
