Darlington Musarurwa
19 Feb, 2009
New York City
U.S. stocks edged sideways after the higher than expected claims of unemployment and a rise in producer price index. Bond yields fell.The euro rebounded on the speculation that Germany will provide additional liquidity to banking system and offer economic stimulus package to industries.
Darlington Musarurwa
19 Feb, 2009
New York City
The Bank of Japan left its key lending rate unchanged at 0.1% and expanded its asset purchase facility. The latest move is to inject liquidity in the economy as banks remain weary in offering financing to corporations.
123jump.com Staff
19 Feb, 2009
New York City
The health insurer quarterly revenues rose 8% to $4.8 billion and generated net loss of $209 million for the quarter. Earnings per share decreased to 77 cents from 93 cents a year ago quarter. The company estimates earnings per share between $3.95 and $4.25 for fiscal 2009.
123jump.com Staff
19 Feb, 2009
New York City
The homebuilder quarterly revenues declined 43% to $1.7 billion. Net loss decreased 61% to $338 million from prior-year quarter. Earnings per share reduced to $1.33 from $3.46 in the last year quarter. The total backlog plunged 75% to $631 million. The company booked 1,763 new home orders.
123jump.com Staff
19 Feb, 2009
New York City
The largest graphic chip supplier fourth quarter revenue dropped 60% to $481.1 million as demand plummeted with a loss of $147.7 million or 27 cents a share compared with a profit of $257 million and 42 cents a share a year ago.
123jump.com Staff
19 Feb, 2009
New York City
Building materials manufacturer third quarter revenue fell 20% to $137.8 million with profits dropping by 50% to $11.3 million. Earnings per share were 26 cents against 50 cents in the prior year quarter.
123jump.com Staff
19 Feb, 2009
New York City
The oilfield services company fourth quarter revenue increased by 9.9% to $6.87 billion but earnings declined 16.7% to $1.15 billion as expense surged and demand eroded. Earnings per share were $0.95 as against $1.12 from a year ago quarter.
123jump.com Staff
19 Feb, 2009
New York City
The real estate firm reported quarterly revenues declined 30% to $1.3 billion and net income plunged 94% to $6.5 million in the quarter. Earnings per share decreased to 3 cents from 54 cents a year ago quarter. Gains from disposition of real estate were $4.9 million.
123jump.com Staff
18 Feb, 2009
New York City
U.S. stocks declined after the latest estimate from the Fed showed a shrink in the economy. New home construction declined to the record low of 466,000 in January and industrial production declined 1.8% in the month. President Obama offered the latest plan for mortgage payment.
Mayank Mehta
18 Feb, 2009
New York City
Agilent Technologies, Inc misses profit and will cut 600 jobs. La-Z-Boy Incorporated swings to third quarter loss. Deere & Company first quarter profit falls 45%. MBIA Inc led gainers in the S&P 500 index with a rise of 35.9%.
123jump.com Staff
18 Feb, 2009
New York City
UK stocks edged lower on persistent weakness in financial stocks. The Bank of England is likely to resume printing money as it looks for ways to fund various loan commitments. Royal Bank of Scotland led decliners in the FTSE 100 index shares with a drop of 13% followed by losses in Legal & General.
123jump.com Staff
18 Feb, 2009
New York City
European stocks fall as OECD economies contract. Daimler AG dropped after rating agency lowered its debt rating outlook. Commerzbank reported full-year operating loss and insurance company AXA reported second half loss. Heineken net profit for full year dropped 87%.
123jump.com Staff
18 Feb, 2009
New York City
Bank of Japan begins two-day policy meeting. Crude steel production declined 37.8% in January according to the latest data from the industry association. Shipping lines Kawasaki Kisen climbed 3% and Mitsui OSK Lines of 5% after the freight rates index gained.
123jump.com Staff
18 Feb, 2009
New York City
Stocks in Hong Kong edged higher but investors confidence remain fragile. Investors are increasingly realizing that the current recession is likely to be protracted and may widen further. In Hong Kong, residential prices fell 41% at its most expensive district in the three months to in December.
123jump.com Staff
18 Feb, 2009
New York City
Stocks in Australia dropped sharply after Wespac reported sharply higher impairment charges. Earnings fell 2% to A$1.2 billion in the three months to December on a pro-forma basis, while total lending rose 2.4% in the period driven by strong mortgage and business lending in Australia.
