123jump.com Staff
26 Feb, 2009
New York City
Integrys Energy Group, Inc led the decliners in the S&P 500 index with a loss of 26.1%. Aegean Marine Petroleum Network, Inc posts strong fourth quarter earnings. Donaldson Company, Inc second quarter profit down slightly. General Motors Corporation reports $9.6 billion loss for fourth quarter.
123jump.com Staff
26 Feb, 2009
New York City
Inflation in India dropped. The weekly measure of annualize inflation index declined to 3.36% at the end of second week in February, lifting market averages. The commerce minister Nath announced additional measures to boost traditional goods and estimated exports of $175 billion in the current year.
123jump.com Staff
26 Feb, 2009
New York City
Global markets continue to trade downward as economic slump widen around the world and U.S. lawmakers waver. Japan automakers slash production. General Motors report second worst annual loss. UBS replaces its chief in less than two years and looks for ways to slash operating costs.
123jump.com Staff
26 Feb, 2009
New York City
The software services provider quarterly revenues rose 26% to $753 million. Net income increased 17% to $112.3 million in the quarter. Earnings per share rose to 38 cents from 32 cents a year-ago quarter. The company estimates revenues to be at least $735 million in the first quarter of 2009.
123jump.com Staff
26 Feb, 2009
New York City
China unveils stimulus package for nonferrous metals and logistics sector. Trade between Japan and China is expected to decline in 2009 for the first time in eleven years as global market conditions weaken.
Darlington Musarurwa
26 Feb, 2009
New York City
Three largest automakers in Japan slash production as domestic market remains weak and exports to the U.S. plunge. Toshiba Corp is in a deal to build two nuclear power plants in south Texas. Rising oil prices dragged commodities linked stocks lower.
123jump.com Staff
26 Feb, 2009
New York City
Australian stock indexes rose fractionally after capital expenditure advanced more-than-forecasted in the three months to December. Energy stocks also increased as crude oil prices increased to $42 a barrel. Lend Lease operating profit in the six months ended December dropped 27%.
123jump.com Staff
26 Feb, 2009
New York City
Intuit second quarter revenue dropped by 5% to $791.0 million and operating income dropped 36.6% to $110 million. Earnings per share were 26 cents this quarter against 34 cents a year ago but well above expected range.
123jump.com Staff
25 Feb, 2009
New York City
U.S. stocks gyrated as banks traded up and down and closed higher. Citigroup inches closer to agree with federal regulators and the U.S. Treasury to increase the government stake in the bank, falling short of effective nationalization. Regional banks rebounded at close but remain depressed.
123jump.com Staff
25 Feb, 2009
New York City
European market indexes dropped for the fourth day in a row. Indexes declined today on the weak U.S. home sales report and worries that banks may need more capital. EU issues guidelines to segregate toxic bank assets and puts limitation on dividend and executive compensation. Accor chairman quits.
123jump.com Staff
25 Feb, 2009
New York City
U.K. gross domestic product declines 1.5% in the fourth quarter and the estimate of decline from a year ago was revised to a shrink of 1.9%. Barratt Developments losses rise and see no sign of turnaround in the business till the lending environment improves.
Mayank Mehta
25 Feb, 2009
New York City
CF Industries Holdings, Inc led gainers in the S&P 500 index with a rise of 15.5% after it received an hostile offer from Agrium. Del Monte Foods Company third quarter profit rises. Macys, Inc profit drops to $310 million. Sempra Energy fourth quarter net jumps 10%.
123jump.com Staff
25 Feb, 2009
New York City
Indian government is preparing to release third economic stimulus plan that includes reduction in service tax and other excise taxes on manufactured goods. The latest package is focused on businesses and lowers tax burden to manufacturers. India also unveiled port modernization plan.
123jump.com Staff
25 Feb, 2009
New York City
Agrium Inc makes an unsolicited offer to acquire CF Industries that values the fertilizer distributor at $3.6 billion, while CF is pursuing Terra Industries. The proposed merger between the two fertilizer makers and retailers is expected to save $150 million a year after three years.
123jump.com Staff
25 Feb, 2009
New York City
Ambac, the second largest U.S. bond insurer Ambac Financial reported fourth quarter loss of $2.34 billion on higher loan loss reserve. Stocks close higher in Asia and in Europe advance after the Fed Chairman Bernanke assured that U.S. banks will not be nationalized.
