123jump.com Staff
09 Apr, 2010
New York City
Stocks in early trading retained positive bias. Of the stocks in the S&P 500 index, 310 gained and 177 declined. The dollar edged higher after the rating agency Fitch lowered Greek debt rating. The convenience retail chain Casey
123jump.com Staff
09 Apr, 2010
New York City
Revenues fell 8.1% to $28.2 million & net loss was $4.45 million or 11 cents a share. Comparable restaurant sales fell 5.4%. Restaurant operating expense as a percentage of restaurant net sales was 70.2% compared to 68.5% a year ago. Operating loss was $3 million compared to $2.1 million a year ago.
123jump.com Staff
08 Apr, 2010
New York City
Currency traders are taking a view that China is preparing to let the renminbi trade higher ahead of the meeting between President Hu Jintao and President Barack Obama next week. China Life shares dropped after the insurer offered a cautious outlook.
123jump.com Staff
08 Apr, 2010
New York City
Same store retail sales surged the most in March in eleven years. The stocks reversed earlier losses to close higher bucking the weakness in world markets. Euro traded volatile but firmed at close. U.S. Treasury completed a 30-year bond auction to raise $13 billion.
Darlington Musarurwa
08 Apr, 2010
New York City
Australia
Darlington Musarurwa
08 Apr, 2010
New York City
Japan
Mayank Mehta
08 Apr, 2010
New York City
Stocks in Mumbai closed lower after inflation hovered near two-decade high for the second week in a row. Essar Energy is planning to raise $2.5 billion through a listing on London Stock Exchange. JK Paper plans to expand capacity.
Mayank Mehta
08 Apr, 2010
New York City
Bank of England left its key lending rate at 0.5% and also kept its asset purchase plan in place. UK production output in February fell by 0.1% from a year ago. Weak commodities dragged the market index lower at close. Marks & Spencer declined after company issued cautious outlook.
Mayank Mehta
08 Apr, 2010
New York City
On going Greek default worries occupied investors in European trading. European Central Bank left its key lending rate at 1% and President Trichet asserted that Greece is not likely to default. After the close Greece said first quarter deficit plunged 40%.
Mayank Mehta
08 Apr, 2010
New York City
Retailers reported higher than expected increase in same store sales in March. Gap same sales soared 11% and Target sales surged 10%. Abercrombie & Fitch sales increased 5%. U.S. Airways soared 18% on the merger talks with UAL Ltd, the parent of United Airlines.
123jump.com Staff
08 Apr, 2010
New York City
U.S. stocks traded lower after weekly jobless claims increased at the end of last week. European Central Bank left its key rate at 1% and President Trichet stressed that Greece is not likely to default. Greek bond yields increased.
123jump.com Staff
07 Apr, 2010
New York City
Stocks in China declined on the worries that rates may be on the rise sooner than expected. People
123jump.com Staff
07 Apr, 2010
New York City
U.S. stocks declined after consumer credit dropped in March. Household spending, the main driver of the economy is not likely to recover immediately as unemployment remains high. The dollar edged higher but commodities trade near recent highs.
Darlington Musarurwa
07 Apr, 2010
New York City
Australian service industry contracts for the third month in March. Macarthur Coal rejects revised offer from the U.S. based Peabody Energy and holds out for A$4 billion offer. BHP Billiton resumes coal exports at a terminal in Queensland after the recent Cyclone Ului.
Darlington Musarurwa
07 Apr, 2010
New York City
Bank of Japan left its key lending rate unchanged at 0.1% in an unanimous vote and cited improving economic conditions in international economies. Foreign exchange reserves in February declined $8.4 to $1.04 trillion.
