123jump.com Staff
24 Mar, 2009
New York City
China calls for the establishment of super currency that is not dependent upon one country. The call for the global currency reform comes ahead of meeting of G-20 nations and the worry that China may suffer if inflation accelerates in the U.S.
123jump.com Staff
24 Mar, 2009
New York City
Prime Minister Singh suggested that the economy will regain its vigor in the next six months as economic stimulus takes hold. Rupee declined in the trading as crude oil rallies in the recent months and exports remain weak. Reliance gained but IT stocks declined.
123jump.com Staff
24 Mar, 2009
New York City
Stocks after four hours of trading were up after trading down for the most part of the day. Carnival Corp rose after it reported better than expected earnings. MGM Mirage fell after its partner in Dubai sough court order to cancel the partnership. Newell Rubbermaid Inc plunged 10% on weaker outlook.
123jump.com Staff
24 Mar, 2009
New York City
The business software maker total quarterly revenues rose 2% to $5.5 billion. Net earnings declined 1% to $1.33 billion due to a stronger US dollar. Earnings per share remained flat at 26 cents compared to the year-ago quarter. The company declared its first quarterly dividend of 5 cents a share.
123jump.com Staff
24 Mar, 2009
New York City
The uniform maker third quarter revenue decreased 7% to $909 million, and profit declined by 12% due to staff reductions and company closures. Earnings per share were 47 cents versus 53 cents from a year ago quarter.
123jump.com Staff
24 Mar, 2009
New York City
U.S. markets trade lower after the best one-day performance this year. Commodities and stocks decline in the early trading. UK inflation accelerates. ArcelorMittal launches 1.1 billion euros convertible debt offering. Asian stocks surged on the back of a rise in New York.
123jump.com Staff
23 Mar, 2009
New York City
Banks rally on U.S. Treasury plan to purchase sour toxic debt. Daimler AG, the second largest German auto company raised nearly 2 billion euros from a fund based in Abu Dhabi. The move to raise capital at a price when the stock is down more than 50% only highlights dire cash needs at Daimler.
123jump.com Staff
23 Mar, 2009
New York City
The latest rally on Wall Street was sparked by the U.S. Treasury plan to work with private sector and purchase illiquid and hard to value mortgage-linked debts from banks. Markets in New York surged nearly 7% and in Latin America rallied above 5%. Copper gained and crude oil edged higher.
123jump.com Staff
23 Mar, 2009
New York City
Stocks in UK surged on the optimism that lifted world markets after the U.S. proposed a plan to acquire toxic debt owned by banks. The FTSE index increased nearly 3% on a sharp rise in banking and mining stocks. Vodafone and Telefonica owned O2 are in discussion to share network infrastructure.
123jump.com Staff
23 Mar, 2009
New York City
Citigroup Inc led gainers in the S&P 500 index with a rise of 16.7%. Hastings Entertainment, Inc fourth quarter profit declines. Tiffany & Co fourth quarter sales dropped 20% and profit declined 76%. Walgreen Company surged 8% on quarterly sales increased and net declined 7%.
123jump.com Staff
23 Mar, 2009
New York City
Stocks in India surged on a regional rally in Asia. The U.S. Treasury plan to purchase worthless debts lifted markets in India. Trading turnover on both exchanges surged. Tata Motors advanced 3% after it launched its much anticipated small car Nanao. Ranbaxy Labs surged 11% on approvals from UK.
123jump.com Staff
23 Mar, 2009
New York City
Stocks in Hong Kong and Shanghai rose on the prediction that the recent government stimulus will add between 1.5% and 1.9% in economic growth. Separately, Hong Kong balance of payment surged in the three months to December on a steady rise in financial inflows. In Hong Kong trading financials fell.
123jump.com Staff
23 Mar, 2009
New York City
The specialty sportswear retailer quarterly net sales decreased 8% to $352 million on same-stores sales fall of 10%. Net quarterly loss from continuing operations was $27.6 million. The company lost 42 cents a share compared to earnings of 28 cents a year-ago quarter.
123jump.com Staff
23 Mar, 2009
New York City
Australian market averages rose 2.4% as financial stocks increased on the hopes that the U.S. Treasury plan to work with private sector to isolate toxic assets may contain fall in financial markets. The news about another Japan stimulus lifted trading sentiment.
123jump.com Staff
23 Mar, 2009
New York City
Tokyo stocks surged 3.4% after government proposed to invest 3 trillion yen to improve government services and provides better automation and electronic access. Cabinet office reported today in its business outlook survey condition that deteriorated in three months to March.
