Darlington Musarurwa
28 Jan, 2009
New York City
Stocks in Tokyo trading gained 0.6% on the expectations that the U.S. stimulus plan will be passed. Panasonic is expected to reported first loss in six years. Sumitomo Mitsui Financial Group net dropped nearly 70% in the nine months ending in December.
123jump.com Staff
28 Jan, 2009
New York City
Australia stocks rose 1.5% after commodity and financial stocks gained on expectations that the Reserve Bank of Australia will cut interest rates as consumer prices drop. In the December quarter, consumer price index fell 0.3%. Woolworth second quarter sales rise 8.1% to A$13.3 billion.
123jump.com Staff
27 Jan, 2009
New York City
The mobile phone maker reported a 19% decline in net sales to 12.7 billion euros, net fell 69% to 576 million euros on falling margins and weak sales. Earnings per share decreased to 15 euro cents from 47 euro cents a year ago. The company expects a 10% decline in mobile device sales in 2009.
123jump.com Staff
27 Jan, 2009
New York City
U.S. stocks closed higher after a day of listless trading. Earnings dominated the trading sentiment. General Electric and its finance division may face ratings downgrade as analysts believe profit target may be hard to reach. Crude falls but gold traded near $900 price.
123jump.com Staff
27 Jan, 2009
New York City
Valero dropped after the crude oil refiner posted a loss. American Express declined but recovered in the afternoon trading after its earnings dropped 79%. Netflix surged on a sharp increase in revenue and earnings. Waddell & Reed declined on one-time charges and a fall in asset under management.
123jump.com Staff
27 Jan, 2009
New York City
Japan launches emergency aid for struggling companies. Coca-Cola seeks 50% stake in Kikkoman Corp. but the Japanese company is still not sure how much stake it plans to sell. International tourist arrivals dropped sharply in December. Japanese tourist traveling to foreign destinations declined too.
123jump.com Staff
27 Jan, 2009
New York City
The fiscal deficit in India at the end of the current year is expected to rise to 5.9% of the GDP. The RBI holds rates and reserve ratios for banks and lowers the estimate of the economic growth rate to 7%. Stocks surged on the global mega mergers in pharmaceutical industries.
123jump.com Staff
27 Jan, 2009
New York City
Stocks in Australia rebounded sharply on the rise in business confidence. Producer price index rose 1.3% in December from November and 6.5% from a year ago. A rise in commodities and crude oil prices lifted trading sentiment. Macquarie Countrywide led gainers in the ASX 200 index shares.
123jump.com Staff
27 Jan, 2009
New York City
The semiconductor chipmaker reported first quarter net loss of $706 million or $0.91 per share versus a net loss of $262 million or $0.34 per share a year ago, including a $369 million non-cash write-down of memory inventories. Net sales in the quarter fell 9% to $1.40 billion.
123jump.com Staff
26 Jan, 2009
New York City
Barclays in a letter to investors stressed that the company has
123jump.com Staff
26 Jan, 2009
New York City
U.S. stocks edged higher after a mega merger between Pfizer and Wyeth. The existing home sales rose unexpectedly 6.5% in December. Earnings dominated trading sentiment. Caterpillar and Deere & Company fell on weaker than expected outlook. Gold rose above $900 per ounce.
Mayank Mehta
26 Jan, 2009
New York City
Earnings and merger news dominated movers in trading. Caterpillar and Deere & Company dropped on earnings outlook. Morgan Stanley and Bank of America rose after earnings fees for arranging a merger between Pfizer and Wyeth. Lennar surged after an analyst upgraded the stock.
123jump.com Staff
26 Jan, 2009
New York City
Pfizer offers $68 billion for Wyeth. The largest deal between two pharmaceutical companies in a decade will create one of the largest and diversified drug companies in the world.
Darlington Musarurwa
26 Jan, 2009
New York City
Stocks in Japan fell on the worries that auto exports and domestic sales will fall. Media reports also suggested that Nomura may suffer a loss of as much as 300 billlion in the latest quarter largely on Madoff scandal in the U.S. Nissan predicts a sharp fall in global vehicle sales.
123jump.com Staff
25 Jan, 2009
New York City
The transaction processor reported revenues rose 30% to $401.1 million despite the unfavorable impact of foreign currency exchange rates. Earnings increased 26% from a year ago to $48.91 million. Earnings per share grew to $0.60 compared to $0.48 in the prior-year quarter.
