123jump.com Staff
19 Feb, 2010
New York City
U.S. stocks edged lower after the Fed raised discount rate and increased the spread between fed funds rate. Consumer price index increased 0.2% in January, less than expected. The dollar increased and commodities traded mixed. Dell Inc dropped 7% after quarterly net declined 5%.
Darlington Musarurwa
19 Feb, 2010
New York City
Japan indexes fell more than 1.7% after the U.S. Fed raised rates for emergency lending and began to unwind measures taken during the financial crisis. Geo political risk was also a concern after North Korea was reported to declare a portion of its border as a firing zone. K.K. daVinci dropped 19%.
Darlington Musarurwa
19 Feb, 2010
New York City
Fortescue Metals profit falls 94% in the first half. National Australia Bank first quarter earnings increase 20%. Billabong International first half profit decreases 15% on lower sales in North America and weak currency translations.
123jump.com Staff
18 Feb, 2010
New York City
Federal Reserve increased the discount rate by 25 basis points as it unwinds several emergency measures taken during the last two years. The rate increase will widen the spread between federal funds rate and discount rate to 0.5%, still below the pre-crisis level of 1%.
123jump.com Staff
18 Feb, 2010
New York City
U.S. stocks finished higher after the leading economic indicators increased for the tenth month in a row and manufacturing index expanded for the sixth month in a row. Earnings from Wal-Mart Stores, Hewlett Packard and comments from Procter & Gamble Co. helped positive sentiment.
Mayank Mehta
18 Feb, 2010
New York City
ABB Ltd increases dividend 6%. Societe Generale SA shares down 3.6% after fourth quarter asset write down hurt the bank. Daimler AG reported a loss and said will not pay annual dividend. SwissRe lifted it dividend to 1 Swiss franc.
Mayank Mehta
18 Feb, 2010
New York City
Zenith National surges 31% after it received a buyout offer of $1.4 billion for the remainder stake from Fairfax Financial Holdings. Advance Auto Parts quarterly sales declined 4%. Wal-Mart net gained 22%. Hewlett-Packard earnings rise 25%. Priceline.com Inc surges 9% on the first quarter outlook.
123jump.com Staff
18 Feb, 2010
New York City
BAE Systems sales increased 21% and lifts its dividend. Reed Elsevier fiscal year net profit declined 18%. Ladbrokes reported lower earnings. Barrick Gold is planning to list its Tanzanian gold mines in London, making it the largest gold company on the exchange.
123jump.com Staff
18 Feb, 2010
New York City
Stocks in Mumbai traded lower in pre-budget jitters. Rural Electrification Corp set its secondary offering price at Rs 203 per share. JK Lakshmi plans to raise $120 million to finance new Greenfield projects. RIL falls on the worries that it may increase its bid for LyondellBasell Industries.
123jump.com Staff
18 Feb, 2010
New York City
U.S. stocks declined after weekly jobless claims increased 31,000. Wal-Mart comparable sales declined more than estimated and fourth quarter sales increased 4.5%. Hewlett Packard quarterly net increased 24.7% on sales increase of 8.3%. UK reported its first January deficit in seventeen years.
Darlington Musarurwa
18 Feb, 2010
New York City
Australian benchmark index closed lower after Qantas reported lower than expected net on higher write-downs. Wesfarmers profit rises 1% to A$879 million in the first half. Comparable store sales at Coles increased 6% but earnings at mining operations declined.
Darlington Musarurwa
18 Feb, 2010
New York City
Bank of Japan left its key rate unchanged at 0.1% and kept its bond purchase plan intact. Governor Shirakawa also offered his strongest warning and urged government to curb the rising debt. Stocks in a listless trading searched for a direction and barely closed up. Electronics makers closed up.
123jump.com Staff
17 Feb, 2010
New York City
U.S. stocks edged higher on a rise in industrial production and increase in housing starts. U.S. Treasuries declined after Fed policy makers debated ways to sell assets to shrink $2.26 trillion balance sheet. Soros Funds increased its holding of gold.
Mayank Mehta
17 Feb, 2010
New York City
UK indexes edged higher as they have been in the last six sessions. Banks and financial services led the gainers. Legal & General Group net cash generated doubles. Balfour Beatty wins motorway deal. Thorntons profits jump 26%. Kedco says gasification plant delayed for lack of funds.
Mayank Mehta
17 Feb, 2010
New York City
European markets advanced on better than expected earnings from BNP Paribas, Atos Origin, BIC SA, Deutsche Boerse and ING. Euro zone reported trade surplus of
