Mukesh Buch
23 Oct, 2009
New York City
U.S. market indexes closed lower as the economic sensitive railroads estimated weaker outlook for the rest of the year. Transportation sector weakness dragged the broader market lower but tech stocks advanced after earnings from Microsoft and Amazon.com.
123jump.com Staff
23 Oct, 2009
New York City
German business confidence index increased to a 13-month high and UK third quarter gross domestic product shrank 0.4%. Weak oil dragged Total SA, Eni SpA and Repsol. Volvo AB gained 5% after it reported a lower than expected loss. Euro hovered near its highs against the dollar and the pound.
Mayank Mehta
23 Oct, 2009
New York City
UK third quarter GDP fell at 0.4%. The six quarterly declines in a row is the longest streak since the record keeping began in 1955. The latest economic data surprised most economists and the prospect of the economic recovery remain slim.
123jump.com Staff
23 Oct, 2009
New York City
Amazon.com surged 19% after it reported sharply higher quarterly results. Microsoft gained 10% on higher than expected earnings as it accelerates cost cutting. Home builders trade lower. Oil complex stocks fell as the oil prices edge lower.
123jump.com Staff
23 Oct, 2009
New York City
New York stocks declined as investor stay on the sidelines as earnings parade continues. Microsoft, Amazon.com and Whirlpool surged on earnings. Most companies are still reporting decline in earnings and sales in the latest quarter. Energy complex stocks traded lower on weak crude oil prices.
123jump.com Staff
22 Oct, 2009
New York City
China reported third quarter gross domestic product rise of 8.9%. Investors worried that the government may cut the economic stimulus as property prices and stocks rise in the year. Hong Kong and Shanghai stocks fell. Datang International Power swung to a net profit on a sharp drop in coal prices.
123jump.com Staff
22 Oct, 2009
New York City
Stocks in Australia are expected to open higher after a rally in New York. Commodities edged lower after fears of rising inflationary pressures in China. Newcrest Mining reported 22% decline in production in the latest quarter. Wesfarmers same store sales increased 6.1% in the fiscal first quarter.
Mayank Mehta
22 Oct, 2009
New York City
The Wholesale inflation index showed an increase in inflation in the week ending on October 10. Price decline two months ago was revised sharply lower. Larsen & Toubro declined after it estimated sales rise of 15% in the next year. Hero Honda net surged 95%.
Mukesh Buch
22 Oct, 2009
New York City
U.S. recovered after investors decided to focus on a select list companies that reported better than expected earnings. McDonald
Mayank Mehta
22 Oct, 2009
New York City
European markets fell after banks closed mixed and miners traded lower. Ericsson dropped 6% after quarterly net plunged 71%. Credit Suisse dropped 3% after reporting third quarterly profit in a row. Schneider SA quarterly sales fell 15%. Bilfinger Berger AG completed its
Mayank Mehta
22 Oct, 2009
New York City
Stocks in London closed lower after miners and commodities priced declined. China reported rising inflationary pressures as the economy expanded at 8.9% in the third quarter. September retail sales rose 2.4% from a year ago. Punch Tavern and Enterprise Inns surged on a favorable ruling.
Mayank Mehta
22 Oct, 2009
New York City
New York Times led the gainers after it reported better than expected operating profit on the higher retail sale prices and operations cost cuts. Janus led the decliners after it reported weaker than expected earnings. 3M Company gained on earnings. AT&T reported flat quarterly net.
123jump.com Staff
22 Oct, 2009
New York City
U.S. stocks fell in the morning trading after weekly jobless claims increased. Beige Report painted weak economic outlook and indicated patchy and uneven recovery. Quarterly reports released at most companies today indicated weak sales and falling earnings.
Mayank Mehta
21 Oct, 2009
New York City
European markets closed lower after a weakness in industrial and financial stocks in the region. PSA Peugeot declined on weak sales outlook. Deutsche Bank reported earnings and a weak investment banking performance in the U.S. The luxury brands manager PPR SA fell after it reported weak sales.
Mayank Mehta
21 Oct, 2009
New York City
UK stocks closed nearly unchanged after early losses. BAA Ltd sold Gatwick airport for
