123jump.com Staff
22 Apr, 2010
New York City
Revenues fell 4.7% to $36.6 billion & net income fell 32% to $1.87 billion or 17 cents a share. Total cash flow from operating activities was $2.6 billion. Tax credits were down $530 million year-over-year & mostly offset by lower credit losses of about $375 million & $100 million of lower costs.
123jump.com Staff
21 Apr, 2010
New York City
Stocks in New York traded sideways and the dollar gained as investors worry of the rising risks of sovereign debt default in Europe. Positive earnings from Apple, Morgan Stanley were overshadowed by a weakness in earnings at drug companies.
123jump.com Staff
21 Apr, 2010
New York City
The market indexes in China region closed mixed ahead of earnings season. Chinalco swung to net profit in the latest quarter and Huaneng Power first quarter net profits soared 41%. The IMF urged China to let its currency appreciate to control property market bubble.
Mayank Mehta
21 Apr, 2010
New York City
European markets closed lower as Greece negotiated terms of emergency loans with the EU and the IMF. Market indexes in Greece, Portugal and Spain fell sharply after the IMF voiced its concern about the rising sovereign debts. Accor sales beat estimates on revival of hotel demand. VW net soars 95%.
Darlington Musarurwa
21 Apr, 2010
New York City
The benchmark indexes in Tokyo closed higher on the rising expectations of earnings and positive assessment of the regional economies. Ahead of the busy earnings season from next week, the indexes closed at six week high. Elpida Memory posts first profit in three years.
Mayank Mehta
21 Apr, 2010
New York City
KeyCorp led gainers in the S&P 500 index with a rise of 9.6%. Wells Fargo profit falls on integration and credit costs. Abbott reports lower first quarter net. Boeing quarterly profit falls 15%. AT&T profit drops 21%, but wireless division report strong results. Quest Diagnostics net off 3% on flat revenue. Morgan Stanley quarterly profit triples.
Darlington Musarurwa
21 Apr, 2010
New York City
Stocks in U.K. traded lower with jittery investors withdrawing on commodity prices. The gross domestic product for U.K. estimated to rise 1.3% in 2010, according to the International Monetary Fund. Autonomy Corp. plc posts record revenue and profit. The Game Group CEO steps down as profits slump.
Darlington Musarurwa
21 Apr, 2010
New York City
The benchmark index in Australia closed higher tracking gains in the international markets. Resource stocks closed higher with the rise in commodities prices. The Australian dollar edged up and gained 0.9% in two days. The index of leading indicators estimated expanding economy.
123jump.com Staff
21 Apr, 2010
New York City
Stocks in early trading in New York looked for a direction. Positive earnings from Morgan Stanley and Apple Inc lifted other stocks in financial services and technology sector. Air travel in northern Europe picked up after London and other airports reopened.
Mayank Mehta
21 Apr, 2010
New York City
Stocks in Mumbai gyrated ahead of weather forecast this week and the government auction of $2.7 billion debt. Reserve Bank of India governor Subbarao left the door open for interest rate change ahead of the next scheduled meeting in two months.
123jump.com Staff
21 Apr, 2010
New York City
Revenues rose 44.2% to $10.3 billion and net income rose 288% to $2.44 billion or 43 cents a share. Operating profit of $3.4 billion and cash flow from operations of approximately $4 billion. Gross margin of 63.4% was higher than expectation.
123jump.com Staff
21 Apr, 2010
New York City
Sales rose 33% to $1.57 billion and net income was $257 million or 35 cents a share. Operating expenses in the quarter were $542 million, within the guided range. Non-GAAP gross margin for the quarter was 43%, up two percentage points from last quarter.
Darlington Musarurwa
20 Apr, 2010
New York City
Caribbean markets were most active for the years as institutional buyers picked up shares in Trinidad and Jamaica. Trading in Jamaica surged to J$190 million from the daily average of J$18 million. Worldwide airlines are expected to lose as much as $1 billion.
123jump.com Staff
20 Apr, 2010
New York City
U.S. indexes closed struggled to retain early gains but most stocks advanced on positive earnings from Coca-Cola, IBM, Goldman Sachs and Harley Davidson. Canadian dollar fetched more than one U.S. dollar. European air travel is expected to improve tomorrow with London airports scheduled to reopen.
123jump.com Staff
20 Apr, 2010
New York City
Market indexes in Shanghai and Hong Kong rebounded after falling sharply in the previous session. China tightened property sales rules for developers to increase transparency curb price speculation. China Mobile quarterly net rose 1%.
