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Lufthansa, Air France Cut Flights; BA Strike

123jump.com Staff
23 Feb, 2010
New York City

European air travel is in disarray as airlines cut flights at Frankfurt and Paris airports. British Air is bracing for cabin crew strike that may begin as early as mid-March.

U.S. Indexes Decline; Home Depot Gains

123jump.com Staff
23 Feb, 2010
New York City

U.S. stocks and commodities declined in the early trading as investors focus on Greece sovereign debt issues. The euro declined. Home Depot reported better than expected earnings but Nordstrom earnings missed expectations.

Aussie Dollar 10-Year High; Stocks Consolidate

Darlington Musarurwa
23 Feb, 2010
New York City

Australian dollar traded at a ten-year high against the euro and strengthened against the yen and the U.S. dollar. Aristocrat Leisure reported a full year loss of A$157.8 million. Amcor net profit soars increase 2.3% in the first half.

Intuit Q2 Earnings Call Transcript

123jump.com Staff
23 Feb, 2010
New York City

The business and financial management solutions provider quarterly revenue increased 8% to $837 million. Net quarterly income soared 34% to $114 million helped by strong sales of TurboTax federal units. Earnings per share rose to 35 cents from 26 cents the prior-year quarter.

First Solar, Inc Q4 Earnings Call Transcript

123jump.com Staff
23 Feb, 2010
New York City

First Solar fourth quarter revenues came in at $641.3 million, an increase of 45.6% with net income rising only marginally to $141.6 million. Earnings per share were $1.65 as against $1.61 a year ago. Revenue for 2010 is expected to come in from $2.7 billion to $2.9 billion.

Weak Store Sales in Tokyo; Stocks Down

Darlington Musarurwa
23 Feb, 2010
New York City

Stocks in Tokyo trading edged lower. Resource stocks, commodities and export sensitive stocks closed lower. The yen edged higher. Shipping companies led the gainers. Convenience stores sales tumble 5% to 565.2 billion in January. Ad spending falls the most since 1947 in Japan.

U.S. Stocks Drift; New Home Sales Drop 11%

123jump.com Staff
24 Feb, 2010
New York City

New Home sales declined 11% in January and median home price declined to $203,500 the lowest in seven years. Fed Chairman Bernanke reiterated in his prepared remarks to lawmakers that interest rates will remain low for extended period. Stocks edge up.

Las Vegas Sands Q4 Earnings Call Transcript

123jump.com Staff
23 Feb, 2010
New York City

The casino operator revenue rose 17.5% to $1.28 billion in the quarter. Net loss narrowed 16.5% to $113.9 million boosted by increase in casino revenues and lower expenses. The company lost 17 cents per share compared to a loss of 27 cents per share the prior-year quarter.

U.S. Stocks Struggle; Commodities Weak

123jump.com Staff
22 Feb, 2010
New York City

U.S. stocks traded sideways and commodities traded mixed. President Obama proposes a fee to drugmakers and taxes wealthy families to pay for growing healthcare costs. A $15 billion jobs bill passed a test vote in the U.S. Senate.

Thermo Fisher Bids $6 Billion for Millipore

123jump.com Staff
22 Feb, 2010
New York City

Thermo Fisher Scientific offered $6 billion to acquire Millipore Corp. Millipore surged 22% at close in New York trading.

India Targets 8% Economic Growth

Mayank Mehta
22 Feb, 2010
New York City

India

European Markets Consolidate

Mayank Mehta
22 Feb, 2010
New York City

European market indexes declined after gaining for a week. Lufthansa canceled two thirds of its flights. Banks and the benchmark index in Greece rebounded on central bank governor comments. Drugmakers declined after U.S President proposed fees.

UK Indexes Weak; GlaxoSmithKline Down

Mayank Mehta
22 Feb, 2010
New York City

UK stocks closed lower after a weakness in drugmakers. Miners and banks led the gainers. GlaxoSmithKline Plc dropped 2.6% after two U.S. lawmakers reopened the investigations linked to its Type 2 diabetes treatment drug.

Green Plains, Smith International, Quanta Rise

Mayank Mehta
22 Feb, 2010
New York City

Smith International gained after it agreed to be acquired by Schlumberger for $11 billion. Green Plains Renewable Energy Inc surged after it swung to a quarterly profit. Lowe

Whole Foods Market Q1 Earnings Call Transcript

123jump.com Staff
22 Feb, 2010
New York City

The natural and organic foods supermarket reported quarterly sales rose 7% to $2.6 billion on comparable store sales increase of 3.5% on a two-year stacked basis. Net income surged 79% to $49.7 million in the quarter. Earnings per share soared to 32 cents from 20 cents in the year-ago quarter.

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