123jump.com Staff
12 Apr, 2010
New York City
DynCorp surged 48% after it agreed to be acquired by a private equity firm Cerberus Capital Management LP for $1.5 billion. Mirant Corp and RRI Energy agreed to merge in a stock transaction. UBS AG advanced after it indicated pre-tx profit.
123jump.com Staff
12 Apr, 2010
New York City
U.S. stocks advanced in the early morning ahead of earnings season. The EU-IMF led bailout offered 45 billion euros of loans for three years to Greece. The euro edged higher. ConocoPhillips is in discussions with Sinopec of China to sell Syncrude Canada for $4 billion.
123jump.com Staff
12 Apr, 2010
New York City
Revenues up 23% to $1.07 billion & net income fell 26% to $92.6 million or 60 cents a share. Operating income fell in the qtr to $173 million. Excluding the litigation reserve operating income up 3% to $217 million. Bad debt expense as a percentage of revenue was 6.9% compared to 4.1% a year ago.
123jump.com Staff
12 Apr, 2010
New York City
Sales fell 3.7% to $3.89 billion and net income fell 18.6% to $887 million or $1.60 a share. Gross profit declined 17% to $2.1 billion while gross margins declined eight percentage points to 54%. For the first six months gross profit for the company is down 30% or $1.2 billion.
123jump.com Staff
12 Apr, 2010
New York City
Sales rose 3% to $17.0 billion and net income rose 4.5% to $669 million or 68 cents a share. Gross profit in the second quarter was $4.9 billion, a 5.1% increase versus the year-ago quarter. Gross margin increased 50 basis points compared with the year-ago quarter to 28.8%.
123jump.com Staff
10 Apr, 2010
New York City
The discount retailer net quarterly sales increased 4.9% to $2.09 billion on comparable store sales rise of 3.6%. Net quarterly income surged 33.4% to $112.2 million impelled by an increase in customer traffic. Earnings per share rose to 81 cents from 60 cents the prior-year quarter.
123jump.com Staff
10 Apr, 2010
New York City
The home goods retailer fourth quarter net sales rose 16.7% to $2.24 billion due to 11.5% increase in same store sales. Fourth quarter net income rose approximately 60% to $226 million. Earnings per share were $0.86 against $0.55 in the year ago quarter.
123jump.com Staff
09 Apr, 2010
New York City
U.S. stocks rebound in yet another sign on economic recovery and European markets closed higher after regulators struggle to finalize Greek bailout details. Dow Jones Industrial Average crossed 11,000 in intra-day trading for the first time since September 2008.
Mayank Mehta
09 Apr, 2010
New York City
Stocks in Australia closed higher as commodities prices trade at elevated levels in international markets. Macarthur Coal Limited led gainers in the S&P ASX 200 index with a rise of 10.2% after it received takeover offer from New Hope Corp Ltd. Gindalbie Metals signs $1.2 billion loan facility.
Mayank Mehta
09 Apr, 2010
New York City
Stocks in Japan closed higher for the week. Positive outlook on the global economy and rising U.S. retail sales contributed to the sentiment. Fast Retailing and Seven & I Holdings Co raised their annual earnings estimates. For the week the benchmark index fell 0.7%, the first decline in two months.
Mayank Mehta
09 Apr, 2010
New York City
Stocks in Mumbai trading rebounded. Reliance Industries Ltd discovered additional gas reserves at four locations and after the close reported an agreement to take a stake in Atlas Energy based in the U.S. Shree Ganesh Jewellery House Ltd plunged 37% from the initial public offering price.
Mayank Mehta
09 Apr, 2010
New York City
The private estimate of UK gross domestic product showed an expansion of 0.4%. Producer prices increased 0.9% in March and core index gained 0.7% from the previous month. Stocks closed higher in anticipation of final details of Greek bailout.
Mayank Mehta
09 Apr, 2010
New York City
European market averages gained more than 1% as politician and regulators decide final details of Greek bailout plan. Greek bonds yield declined from the peak reached yesterday but nervous investors are demanding nature of loan terms. Greece still needs to rollover
123jump.com Staff
09 Apr, 2010
New York City
The used vehicles retailer net quarterly sales increased 25% to $1.83 billion on comparable store used unit sales rise of 12%. Net earnings surged 101% to $75.4 million in the quarter. Earnings per share soared to 33 cents from 17 cents a year-ago quarter.
Mayank Mehta
09 Apr, 2010
New York City
Casey
