Darlington Musarurwa
22 Mar, 2010
New York City
The benchmark stock index and the dollar declined tracking losses in metals and commodities. Arrow Energy recommends A$3.4 billion bid from a joint venture controlled by Royal Dutch Shell and PetroChina. AXA Asia Pacific and NAB extended the A$13.3 billion takeover bid deadline by nine days.
123jump.com Staff
22 Mar, 2010
New York City
Mumbai stocks closed lower after Reserve Bank of India in a surprise move lifted reverse repurchase rate to 3.5% and the repurchase rate to 5% from 4.75%. The small increase in rate may be followed by additional increases if inflation fails to decline from the near record rate of 17%.
123jump.com Staff
22 Mar, 2010
New York City
U.S. stocks closed higher after the passage of healthcare bill removed an overhang on the pharmaceutical industry and health insurance providers. Markets in Latin America and Europe rebounded. The dollar gained and commodities closed mixed.
Mayank Mehta
22 Mar, 2010
New York City
UK benchmark index and commodities traded sideways. Royal Dutch Shell and Petro China agree to acquire Australia based Arrow Energy Ltd. ICAP Plc will shut down its cash equities trading business. Wolseley Plc may shut businesses that fail to perform.
Mayank Mehta
22 Mar, 2010
New York City
European leaders are increasingly divided to offer financial assistance to Greece. Greece has
123jump.com Staff
22 Mar, 2010
New York City
Tenet Healthcare Corporation led gainers in the S&P 500 index with a rise of 7% after the passage of landmark healthcare bill. Drug makers traded higher and health insurers are mixed. Consol Energy Inc. enters into agreement with CNX Gas shareholder.
123jump.com Staff
22 Mar, 2010
New York City
The U.S. House passed after much debate and rancor sweeping changes to healthcare coverage. The legislation passed with 219-212 vote will expand the coverage to 32 million people. Hospital chain operators and drugmakers increased but healthcare insurers declined. The dollar edged up.
123jump.com Staff
22 Mar, 2010
New York City
Guess Inc fourth quarter operating earnings jumped 76.3% to $120.7 million driven by higher sales. Net earnings also jumped 80% to $86.6 million due to improved margins. Earnings per share were $.093 against $0.51 in the year ago quarter. Company increased cash dividend by 28%.
123jump.com Staff
22 Mar, 2010
New York City
Sales rose 11.5% to $18.36 billion & net income rose 25% to $299 million or $.67 a share. comp sales figure was up 9%. Overall reported gross margin was higher year over year by the 26. Operating income was up 18% year over year from $399 million to $470 million or an increase of $71 million.
Mayank Mehta
19 Mar, 2010
New York City
Indexes in Hong Kong rallied after property developers and resource stocks gained. Chalco surged in HK and in Shanghai trading after the parent agreed to an investment of $1.4 billion in a joint venture with Rio Tinto Plc in an iron ore mine in Guinea. China Eastern gets ready to take 30 new planes.
Darlington Musarurwa
19 Mar, 2010
New York City
Rio Tinto and Chinalco to jointly develop Simandou iron ore project in Guinea. The securities regulators approve a rival trading platform to ASX Ltd. Amcor faces A$697 million lawsuit. Mirvac Group completes the A$150 million debt offering.
Darlington Musarurwa
19 Mar, 2010
New York City
Stocks in Tokyo closed higher as the prospect of economic and exports recovery solidify. Japan
123jump.com Staff
19 Mar, 2010
New York City
Federal Reserve took another step to unwind emergency steps takes during the late August. The Fed removed the exemption given to six large banks to add liquidity and sustain trading in mortgage and asset backed securities. Investors in Europe await resolution on Greece bailout.
Mayank Mehta
19 Mar, 2010
New York City
UK stocks edged up after Lloyds indicated return to profitability this year on lower loan loss charges. CPP Group surged 11% on its first day of trading. African Barrick Gold closed near its spin off price.
Mayank Mehta
19 Mar, 2010
New York City
European markets and the euro declined as Greece and European leaders struggle to structure the bailout. Increasingly, the International Monetary Fund is viewed as a lender of last resort. Greek unemployment surged above 10%. Pfleiderer AG 2009 sales dropped 21%.
