Mayank Mehta
19 Mar, 2010
New York City
SanDisk Corporation led the decliners in the S&P 500 index. Palm reduces net loss after sales surge but the stock drops 14%. SunPower plunges. Boeing accelerates production to meet demands. Sapient Corp reports quarterly net and revenues above expectations.
Mayank Mehta
19 Mar, 2010
New York City
Reserve Bank of India raised its key lending rate by 25 basis points to cool the inflation that has been inching close to 18% and hovering near 16-month high. Bajaj Auto revs its plan to launch a small car to meet the growing demand.
123jump.com Staff
19 Mar, 2010
New York City
European leaders divide as Greece races to cut its borrowing costs. Greece Prime Minister has hoped that the support from the EU leaders will be sufficient to trim the borrowing costs but Greek bond yields trade at twice the German bonds yields.
123jump.com Staff
19 Mar, 2010
New York City
U.S. stocks edged higher as lawmakers make a final push for the healthcare reform bill. Google may pull out of China. The euro declines as leaders in Europe divide on the nature and structure of the Greek bailout plan. SunPower, Google and Palm Inc drop.
Mayank Mehta
18 Mar, 2010
New York City
The benchmark indexes in Shanghai and Hong Kong closed lower on the euro zone worries. Media broadcasters closed higher after China is looking to approve integrated services. China Mobile 2009 net increased 2%. GCL-Poly declined after it reported a loss and did not issue dividend.
Darlington Musarurwa
18 Mar, 2010
New York City
The Australian dollar declined after currency traders worried on the growing uncertainty related to bailout structure for Greece. Queensland Gas Company and BOC joint venture to invest in A$100 million LNG plant. Bankwest completed A$620 million asset backed bonds.
123jump.com Staff
18 Mar, 2010
New York City
Stocks edged higher in New York and commodities retained positive bias but crude oil and copper eased at close. President Barack Obama delayed his Asia trip as lawmakers get ready to vote on the healthcare reform bill this Sunday.
Darlington Musarurwa
18 Mar, 2010
New York City
Stocks in Tokyo declined after the yen strengthened against the dollar and euro. Canon, Nikon and Olympus decreased. Real estate developers closed lower after a broker lowered views on the sector.
Mayank Mehta
18 Mar, 2010
New York City
UK stocks traded sideways and the pound edged up against the euro. Tullett Prebon won a judgment against BGC Partners for raiding its worldwide staff. GlaxoSmithKline Plc increased after Novartis left the development of generic drug for asthma treatment to its partner.
Mayank Mehta
18 Mar, 2010
New York City
Greek Prime Minister Papandreou set one week deadline for the Europe led bailout. The euro zone trade swung to a surplus in January. Italy based insurance giant Generali said 2009 profit jumped 52%. HeidelbergCement AG full year profit plunges 91%. Dassault Aviation SA 2009 net declined 18%.
Mayank Mehta
18 Mar, 2010
New York City
GameStop Corp led gainers in the S&P 500 index. GameStop Corp sees profit drop but predicts sales growth in 2010. Nike Inc quarterly profit more than doubles. FedEx earnings surges more than double on higher air cargo revenues from Asia and Europe.
Mayank Mehta
18 Mar, 2010
New York City
The benchmark index in India closed higher with the Sensex trading in the positive territory in 2010. Wholesale inflation index starts its downward trend after food prices increase rise at a slower pace. McNally Bharat wins $39 million coalfield equipment order.
123jump.com Staff
18 Mar, 2010
New York City
Revenues fell 21.5% to $42.0 million and net loss was $12.5 million or 36 cents a share. Gross profit margin as a percentage of revenues was 36.5% compared with 24% in the prior year period. Operating loss of $17.2 million compared to an operating loss of $16.8 million in the prior year period.
123jump.com Staff
18 Mar, 2010
New York City
U.S. stocks traded higher after jobless claims declined and consumer price index was unchanged. Commodities edged higher as the dollar edged up against the euro and the yen. Nike and FedEx quarter net more than doubled.
123jump.com Staff
17 Mar, 2010
New York City
Market indexes in Hong Kong rose more than 1.7% after the U.S. Fed left its lending rate unrevised. Shanghai indexes advanced tracking gains in commodities and resource stocks. Property developers gained for the third day in Hong Kong. Bank of China is to finalize its $7 billion stock sale.
