123jump.com Staff
10 Mar, 2009
New York City
Australian stocks closed higher on a rise in crude oil prices. A private report indicated that job ads in metropolitan newspapers and on the Internet declined 40% from a year ago in February. Separately, New Zealand electronic charge card transactions declined in February.
123jump.com Staff
10 Mar, 2009
New York City
Schering Plough and Merck mega-merger and Dow Chemical decision to purchase Rohm & Haas at pre-crisis market price failed to lift market sentiment in New York trading. A sharp in rise Japanese current account deficit weakened investors confidence in Asian trading.
123jump.com Staff
09 Mar, 2009
New York City
European markets traded mixed after different sets of economic news generated mixed market sentiment. The ECB President, Jean Claude Trichet, today said the global economy may pick up in response to recent stabilization measures. The World Bank predicted first economic global shrink since the WW II.
123jump.com Staff
09 Mar, 2009
New York City
U.K. government increases stake in Lloyds Banking Group. The government will replace its preference shares of 4 billion pounds to common shares to be issued at 38.4 pence a share. UK government holding in the lender may surge to 65%. Luxury home prices fall 1.5% in February.
123jump.com Staff
09 Mar, 2009
New York City
Schering Plough surged after the company agreed to be acquired for drug maker for $41.1 billion. The recent consolidation in the drug industry only highlights the escalating cost of the drug development. Aflac led decliners in the S&P 500 index of 14.9%.
123jump.com Staff
09 Mar, 2009
New York City
Indian stocks fell in volatile trading ahead of market holidays on Tuesday and on Wednesday on a weakness in regional and a weak rupee. The rupee fell to 51.65 against the dollar. Real estate linked stocks declined on a government report suggested a weakness in the industry.
Darlington Musarurwa
09 Mar, 2009
New York City
The benchmark index in Hong Kong dropped nearly 5% after HSBC finalized the price of rights offering at a significant discount to its recent price. The news of the discount and size of the offering dragged market averages lower. Foxconn International dropped 15% after profit plunged 83%.
123jump.com Staff
09 Mar, 2009
New York City
Australian stocks rose 0.3% on rising metal and energy prices. Investors were also bullish after a private survey indicated that three quarters of first time home buyers are planning to buy a house because of a government grant, low interest rates and affordable prices.
123jump.com Staff
09 Mar, 2009
New York City
Japan current account deficit rises to 172.8 billion yen in January compared to surplus of 3.2 trillion yen a year ago period. Separately, bank lending dropped 3.8% in February but regional and smaller banks increased their lending. Realty stocks declined with Mitsui Fudosan dropping 8%.
123jump.com Staff
08 Mar, 2009
New York City
The fruit and vegetable producer quarterly net sales decreased 2% to $831 million. Net income declined 37% to $26 million in the quarter. Earnings per share decreased to 41 cents from 69 cents a year-ago quarter. The company estimates capital expenditures of $120 million in fiscal 2009.
123jump.com Staff
07 Mar, 2009
New York City
Autodesk fourth quarter revenue decreased 18% to $490 million and loss per share was $0.47 against $0.40 in the prior year quarter. For the first quarter, the company expects revenue in the range of $400 million to $440 million and loss per share in the range of 8 cents and 20 cents.
123jump.com Staff
06 Mar, 2009
New York City
European main indexes closed on the downside on worries that the global recession may continue to batter consumer spending and corporate earnings through the year. Veolia Environnement reported lower than expected annual results and cut its dividend. Air France passenger traffic dropped.
123jump.com Staff
06 Mar, 2009
New York City
U.S stocks traded volatile after employers cut jobs at a rate lower than previous months. Crude oil jumped and lifted stocks of energy companies. Banks and financial stocks remain under pressure in Europe and in the U.S.
123jump.com Staff
06 Mar, 2009
New York City
Wells Fargo & Company led gainers in the S&P 500 index with a rise of 16.1% on a dividend cut. AnnTaylor Stores Corporation posts fourth quarter loss. Eastman Kodak Company dropped 14% on a debt rating downgrade on high cash outflow. H&R Block trades higher on quarterly profit.
123jump.com Staff
06 Mar, 2009
New York City
Stocks in Mumbai trading rebounded on the hopes that the economy will recover in the third quarter of this year. Stocks closed higher on low trading volume. Rupee edged higher but hover near the record low and foreign exchange reserve edged lower at the end of February.
