123jump.com Staff
14 Nov, 2008
New York City
Macys, the department retail stores operator reported third quarter revenues fell 7% to $5.493 billion from $5.906 billion a year ago. Net loss in the quarter was $44 million or 10 cents per diluted share compared to net income of $33 million or 8 cents per share, a year ago.
123jump.com Staff
14 Nov, 2008
New York City
The U.S. retail sales in October declined 2.8% from September and dropped 4.1% from a year ago. Motor vehicles and parts sales fell 23.4% and furniture sales declined 13.5%. The European Union economy shrank in the third quarter declined 0.2% matching the second quarter rate.
123jump.com Staff
13 Nov, 2008
New York City
U.S. stocks staged a sharp reversal after dropping nearly 2.5% in the morning trading and surged to close up 7%. The near 10% reversal in the market indexes occurred after crude oil prices rose and energy related stocks led the gainers. Asian markets closed down 5%. European markets edged up.
123jump.com Staff
13 Nov, 2008
New York City
Industrial production in China rose at a slower pace of 8.2% in October and retail sales surged 22% in the month. Electricity output fell 4% and passenger cars production declined 6.2% in the month. Hong Kong Exchange quarterly net declined 43%.
123jump.com Staff
13 Nov, 2008
New York City
Australian stocks plummeted 5.9% as commodity stocks retreated on falling metal prices and 5% decline in crude oil prices. Copper and aluminum prices dropped to three-year lows as stockpiles increased on falling global demand for raw materials. Commonwealth Bank estimated higher loan losses.
123jump.com Staff
13 Nov, 2008
New York City
Stocks in Japan and in Asia fell more than 5% as the U.S. lawmakers struggle to decide the fate of General Motors. The largest U.S. electronics retailer Best Buy issued grim holiday sales outlook. Exporters in Japan fell. Currencies in the region declined more than 2%.
123jump.com Staff
13 Nov, 2008
New York City
Fluor Corporation third quarter revenue rose to $5.7 billion from $4.1 billion on growth in the oil and gas and power segments. Net earnings surged 95% to $183 million and earnings per share doubled to $1.01 per diluted share compared to $0.51 a share.
123jump.com Staff
13 Nov, 2008
New York City
General Electric fell sharply on the worries that its financial service unit may need more capital and the company may need to trim dividend, which the company denied. GE dropped to 12-year low. Retailers and financials fell sharply as Treasury Secretary Paulson keeps changing his focus.
123jump.com Staff
13 Nov, 2008
New York City
Asian stocks fell sharply as the U.S. politicians added more uncertainties to the markets. Lawmakers in the U.S. send conflicting signs regarding General Motors bailout and U.S. Treasury Secretary keeps changing his focus. Asian markets fell more than 5% and currencies declined 2% or more.
123jump.com Staff
12 Nov, 2008
New York City
Starbucks, the coffeehouse chain reported a 3% rise in fourth quarter revenues to $2.5 billion from a year ago. Net income declined 97% to $5.4 million and earnings per share fell to $0.01 compared to $0.21 per share in the prior year fourth quarter. Domestic comparable same store sales fell 5%
123jump.com Staff
12 Nov, 2008
New York City
Harley Davidson third quarter revenues declined 7.7% to $1.42 billion and diluted earnings per share fell 33.6% to $0.71 compared to $1.54 billion and $1.07 a year ago. The motorcycle manufacturer estimates full year diluted earnings per share between $3.00 and $3.10 compared to $3.00 to $3.18.
123jump.com Staff
12 Nov, 2008
New York City
Satyam, the fourth largest software service exporter from India reported second quarter net revenues gain of 29% to $652 million from a year ago and earnings per ADS of 39 cents. The company guided earnings growth in the third quarter to rise between 17.6% and 20%.
123jump.com Staff
12 Nov, 2008
New York City
U.S. stocks dropped more than 5% after the U.S. Treasury Secretary switched his bailout plan focus one more time. The frequent changes in emphasis left the market confused and raises doubts that the Bush administration is out of touch. Of the S&P 500 index stocks, 71 fell more than 10%.
123jump.com Staff
12 Nov, 2008
New York City
The Amazon.com third quarter sales gained 31% to $4.26 billion and net income surged to $118 million on revenue. The company lowered the revenue guidance to $19.46 billion from the previous estimate of $20.10 billion. Worldwide revenue declined 28% when currency gains of $80 million were excluded.
123jump.com Staff
12 Nov, 2008
New York City
Netflix in the third quarter added 261,000 net new subscribers, a fall of 9% from a year ago but total subscriber base rose 23% to 8.7 million. Earnings per share increased 43% to 33 cents a share from 23 cents a year ago. Net income increased 30% to $20.4 million.
