123jump.com Staff
11 Nov, 2008
New York City
Stocks in Asia closed lower and European markets declined after profit outlook at companies weakened. In Japan, Citizen Holding and Seiko sharply cut their annual earnings outlook on weak international sales. In Europe insurers, banks fell. Julius Baer, Swiss Life, Aegon, ING, Allianz declined.
123jump.com Staff
10 Nov, 2008
New York City
U.S. stocks closed lower on the worries that the economy may be weaker than it appears. Goldman Sachs cuts 10% of payroll. Circuit City bankruptcy filing drags most retailers and real estate trusts lower. China announces $585 billion stimulus plan. Resource stocks and Asian markets rallied.
123jump.com Staff
10 Nov, 2008
New York City
Circuit City bankruptcy filing dragged stocks of real estate investment trusts. Goldman dropped after it laid-off 10% of its staff. Google Inc declined on negative views from Barclays. General Motors plunged 30% on bankruptcy worries. China related stocks surged on stimulus package.
123jump.com Staff
10 Nov, 2008
New York City
UK stocks edged higher after miners and energy companies rallied. Metals and crude oil prices rose after China announced a $585 economic stimulus plan. Pound gained against dollar to $1.57 and against euro dropped to 82.09 pence. HSBC loan losses rise. Cable & Wireless revenue fell 5%.
123jump.com Staff
10 Nov, 2008
New York City
Mumbai stocks surged on the hopes that global economy will stabilize after the G-20 meeting and China economic stimulus plan of $585 billion. Metals, realty and banking sector stocks closed sharply higher. October auto sales declined 6.6% on tighter credit conditions. Rupee gained 0.6% to 47.32.
123jump.com Staff
10 Nov, 2008
New York City
Stocks in Shanghai surged 7.4% and in Hong Kong gained 3.5% after China released 4 trillion yuan plan to stimulate the economy. China plan will increase infrastructure spending, remove bank limits for loans and help farmers. Metals and steel makers surged on a rise in base metal prices.
123jump.com Staff
10 Nov, 2008
New York City
Japan stocks surged on the speculation that economic stimulus package from China will lift machinery demand. Shipping lines and construction machinery companies rose. Tokyo stocks surged 6%. Japan foreign exchange reserve declines $18 billion to $977 billion at the of October.
123jump.com Staff
10 Nov, 2008
New York City
Stocks in Australia gained after China announced a stimulus package of Rmb 4 trillion. Commodities prices and resource sector stocks gained. Financial stocks declined after RBA noted that only half of recent rate cuts have been passed on to customers by banks.
123jump.com Staff
10 Nov, 2008
New York City
Northrop Grumman, the defense contractor third quarter 2008 earnings from continuing operations increased to $509 million or $1.50 per diluted share compared with $489 million or $1.41 per diluted share in the third quarter of 2007. Sales increased 6% to $8.4 billion.
123jump.com Staff
10 Nov, 2008
New York City
Whole Foods Market, the natural food retailer fourth quarter sales increased 16% to $1.8 billion and comparable store sales grew 0.4%, identical store sales declined 0.5%, and sales at Wild Oats stores were $159.3 million. Net income was $1.5 million and diluted earnings per share 1 cents.
123jump.com Staff
10 Nov, 2008
New York City
The Federal Reserve invested $40 billion in preferred stock in AIG and lowered original loan of $85 billion to $60 billion and set up separate facilities to purchase mortgage and other securities. The revised and relaxed plan will increase Fed involvement with AIG to $150 billion and increase risk.
123jump.com Staff
10 Nov, 2008
New York City
Asian stocks rallied after China announced a $585 billion plan to stimulate economy, increase infrastructure spending and help farmers and small businesses. Resource stocks closed sharply higher in Australia. Heave machinery maker IHI in Japan lowered annual earnings outlook.
123jump.com Staff
07 Nov, 2008
New York City
U.S. unemployment rose in October and an index of pending home sales declined. Crude oil hovered near $60 a barrel. IMF lowered outlook for global economy. General Motors and Ford seek federal assistance but fail to trim labor costs and executive compensation. British Airways lifted revenue outlook.
Mayank Mehta
07 Nov, 2008
New York City
General Motors and Ford reported weaker than expected results and cried out for federal help but fail to trim executive compensation and labor costs. GM dropped 10% and Ford declined below $2. Dolby Laboratories dropped 4% after third quarter net rose 10%. CB Richard Ellis surges 16%.
123jump.com Staff
07 Nov, 2008
New York City
British Airways lifted its revenue guidance to 4% from earlier projection of 3% increase. However, the six-month net dropped 75%. Commodities and energy stocks rallied on an increase in crude oil and metal prices. Stocks in London trading rose 1.8%.
