Mayank Mehta
17 Feb, 2010
New York City
Whole Foods Market, Inc led gainers in the S&P 500 index after it lifted the fiscal year outlook. Deere & Co lifts annual forecast after first quarter profit rises 19%. Walgreen acquires Duane Reade for $1.1 billion. Martha Stewart Living Omnimedia surged 9% on 20% increase in quarterly revenues.
123jump.com Staff
17 Feb, 2010
New York City
Asian markets soared following the gains in New York and Europe. The benchmark index in India increased ahead of the government budget on Feb 26. Australian index gained on better economic outlook.
123jump.com Staff
17 Feb, 2010
New York City
U.S. stocks advanced after industrial production increased at a faster pace and housing starts increased in January. Deere & Co and Whole Foods Market soared on lifting the current year outlook. Walgreen agreed to acquire Duane Reade for $1.1 billion.
Mayank Mehta
17 Feb, 2010
New York City
In a pre-budget rally, stocks in Mumbai continue to advance. Finance Minister Mukherjee is scheduled to release budget on Feb 26. Tata Steel gained after it reported consolidated profit. Banks surged.
Darlington Musarurwa
17 Feb, 2010
New York City
The benchmark index in Japan soared 2.7% following the gains in New York and Europe. Automakers, steel mills and shipping companies led the advance. Toyota may recall Corolla is power steering is found defective.
Mayank Mehta
17 Feb, 2010
New York City
Australian stocks and dollar closed higher. Better economic outlook and expectations of higher rates in the year drove the market sentiment. Westfield annual loss shrank on a stake sale. CSL Ltd surged 5% on 23% increase in first half net. Coca-Cola Amatil Ltd net increased 16%, lower than expected.
123jump.com Staff
17 Feb, 2010
New York City
Lear Corp fourth quarter net sales were $2.7 billion with 68% coming from outside North America. Fourth quarter pre-tax income was $1.26 billion against a loss of $683 million in year ago quarter reflecting structural reorganization following chapter 11 filing leading to fresh start accounting.
123jump.com Staff
17 Feb, 2010
New York City
Revenues up 41% to $17.9 billion & net income was $1.3 billion or $1.75 a share. Operating margins were 9.8% reflecting good overall performance. Team delivered operating margin of 11.1% in the 3rd quarter driven by strong executions across its production & services programs & favorable delivery mix
Darlington Musarurwa
16 Feb, 2010
New York City
Stock in Japan closed nearly unchanged and service industry shrank in December. Banks receive 20,000 applications under debt moratorium law. The Japanese government and the Bank of Japan agree on the inflation target of 1%.
Darlington Musarurwa
16 Feb, 2010
New York City
Australian stocks closed higher after Westpac reported better than expected earnings. Westpac first quarter earnings surged 33%. Foster
Mayank Mehta
16 Feb, 2010
New York City
WellPoint, Inc led the decliners in the S&P 500 index after reaffirmed its 2010 earnings outlook, lower than expected. Abercrombie & Fitch earnings falls 31%. Kraft Foods sales increase 3%. PMI loss widens and loans in default continue to rise. Teva swings to profit. Terra Industries surges.
123jump.com Staff
16 Feb, 2010
New York City
U.S. indexes surged at least 1.4% after manufacturing expanded in New York region. European indexes jumped more than 1.5% after Barclays reported higher earnings. Russian index soared 3%. Crude oil, gold and copper advanced. U.S. Treasury yields edged lower.
Mayank Mehta
16 Feb, 2010
New York City
European market indexes closed higher on the rising sentiment and commodities prices. Greek bond yields spreads to German bonds widened. Imerys SA profits take a hit. L''Oreal SA fall 3.7% after fourth quarter sales miss forecasts. Clariant AG annual loss widened.
Mayank Mehta
16 Feb, 2010
New York City
The UK benchmark index closed higher after commodities prices increased. Barclays PLC 2009 earnings doubled on a sale of iShare division. Devro Plc full-year profit rises on improved collagen casing demand. Premier Foods returns to profit. InterContinental Hotels cautious as profits fall.
Darlington Musarurwa
16 Feb, 2010
New York City
Simon Property Group made its offer of $10 billion for General Growth Property Group public after directors held out for better options. Simon offered to pay unsecured creditors in full and the mall developer said the deal is not open-ended and has financing in place.
