123jump.com Staff
17 Nov, 2008
New York City
Stocks in India fell 1% in weak trading. Reserve Bank of India lowered the risk exposure for banks to commercial sector loans. RBI also added liquidity. Exporters are worried that falling economies in the U.S., Europe and Japan will drag sales. Airline Kingfisher may sell stake.
123jump.com Staff
17 Nov, 2008
New York City
The UK industry group lowered its GDP forecast for this year and a higher decline in GDP next year with the estimate of contraction of 1.7% in 2009. UK home prices in November fell 7.1%. London stock index dropped 2.7%. A growing number of investors voice concerns for Barclays capital plan.
123jump.com Staff
17 Nov, 2008
New York City
Stocks in Hong Kong fell in shrinking trading on the worries that exports from the region are likely to remain low for this and next year. Stocks in Shanghai gained 2% on the expectations that China will provide financial assistance. Bank of East Asia and Sumitomo Mitsui in a regional venture.
123jump.com Staff
17 Nov, 2008
New York City
Stocks in Australia fell 2.5% following declines in New York trading. Commodities and energy stocks led the fall. Australia retail sales in September rose 0.1%, less than expected as consumers tighten their wallets. Money market rates in Sydney trading after RBA pumped A$1.7 billion in liquidity.
123jump.com Staff
17 Nov, 2008
New York City
Economy in Japan fell for the second quarter in a row. Economy in the third quarter fell 0.4% after dropping 0.1% in the second quarter. Two quarterly declines in GDP generally augur a recession. A rise in utilities stocks lifted market index from the fall of 3% to close up 0.7%.
123jump.com Staff
17 Nov, 2008
New York City
World markets declined after meeting of 20 nations failed to send a clear message. Japan slides into recession as third quarter GDP declined 0.4%. European stocks fell after UK industry group estimated longer and deeper recession. Citigroup to cut 50,000 staff and trim expenses by 20% from peak.
123jump.com Staff
16 Nov, 2008
New York City
Norfolk Southern, the railroad operator said reported third quarter record revenue of $2.9 billion, up $541 million or 23% from the prior year quarter. Net income was $520 million or $1.37 per diluted share, compared to $386 million or $0.97 per share a year ago.
123jump.com Staff
16 Nov, 2008
New York City
CB Richard Ellis, the largest commercial real estate broker and manager reported third quarter revenues fell 13% to $1.3 billion. Investment management revenue fell 60% to $39.8 million. Third quarter net income fell to $40.4 million or $0.19 per share from $114.9 million or $0.48 per share.
123jump.com Staff
14 Nov, 2008
New York City
Hong Kong economic growth in the third quarter quarter to 1.7% from 4.2% rise in the second quarter. The economy contracted at seasonally adjusted rate of 0.5% after falling at a rate of 1.4% in the previous quarter. Econony in the first nine months rose at 4.3%.
123jump.com Staff
14 Nov, 2008
New York City
U.S. stocks fell with Nasdaq dropping 5%. Weak October sales led the retailers, financials and energy stocks lower. European Union and Hong Kong registered two consecutive quarterly economic growth declines. Berkshire Hathaway takes a stake in ConocoPhillips. Insurer, Hartford Financial buys a bank.
123jump.com Staff
14 Nov, 2008
New York City
Stocks in Australia gained 1.4% but fell more than 7% in the week. Australian dollar gained but remained vulnerable to global economic slowdown. Commodities and energy stocks rallied on higher oil prices. Australia bought A$500 million of mortgage backed securities.
123jump.com Staff
14 Nov, 2008
New York City
Stocks in Mumbai continue trade volatile with a downward bias. Rupee lost nearly 2.75% this week and traded near 49 rupees to a dollar. Automakers and real estate stocks fell on the weak demand. United Spirits and Diageo Plc explore partnership possibilities.
123jump.com Staff
14 Nov, 2008
New York City
UK stocks rose despite the European Union economies shrank for the second quarter in a row. Germany led the region with the sharpest decline followed by shrinks in Italy and Ireland. Stocks in London rose 1.5%. Energy stocks lead the gainers. Luxury home prices in London on the decline.
Darlington Musarurwa
14 Nov, 2008
New York City
Stocks in Japan rose 2.7% today but dropped 1.4% for the week. Dix Kuroki Co. files for bankruptcy with 18.1 billion yen liabilities. Unemployment insurance claims soar 2.6% in September. Sumitomo Mitsui Financial Group first half profit fell 51% on credit market losses rose to 302 billion yen.
123jump.com Staff
14 Nov, 2008
New York City
Retailers fell after the October sales declined. Nordstrom, Kohls, JC Penney and Abercrombie & Fitch fell on earnings. Qualcomm, Motorola and Nokia fell after Nokia lowered industry unit sales estimates. American Express dropped below $20. Cheesecake Factory fell below $6.
