Arthi Gupta, Mayank Mehta and Sanjay Barot
29 Apr, 2010
New York City
U.S. stocks traded higher after weekly jobless claims declined. Hewlett Packard agreed to acquire Palm Inc for $1.2 billion. Visa Inc second quarter net surged 33%. Aetna Inc quarterly net increased 29%.
Arthi Gupta, Mayank Mehta and Sanjay Barot
28 Apr, 2010
New York City
Fed left its interest rate target near zero and noted that though the economic activities are picking up, labor markets remain weak and substantial resource slack continue to restrain cost pressure and rates are likely to remain low for an extended period of time.
Mayank Mehta
28 Apr, 2010
New York City
Property developers led the decliners in Hong Kong and Shanghai trading. China postponed a residential land auction to next month after bids exceeded the upper limit set by the government. Beijing will issue new directive for second and third homes in the city.
Mayank Mehta
28 Apr, 2010
New York City
Robert Half International Inc led the decliners in the S&P 500 index with a loss of 11%. Wyndham profit rises. General Dynamics net income up 1.2%. Hess Corp swings to profit on revenue increase of 34%. AOL earnings drop 58% in first quarter. Sprint Nextel loss widens.
Mayank Mehta
28 Apr, 2010
New York City
UK stocks closed lower despite positive earnings. The situation in euro zone took another negative turn after the rating agency S&P lowered Spain debt rating a day after Greece and Portugal debts were downgraded. Investors are worried that without a speedy political solution Greece may default.
Mayank Mehta, Arthi Gupta and Darlington Musarurwa
28 Apr, 2010
New York City
European stocks declined as Greek bond yields surge to record level and bonds of Portugal and Spain decline sharply. The euro dropped to one-year low against the dollar. Merck KGaA and Puma decline. Continental AG sees 2010 sales up as much as 10%. Rhodia SA swung to a quarterly profit.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 Apr, 2010
New York City
Stocks in Japan dropped sharply after world markets declined. Rating downgrade of Greek and Portugal debt raised fears of wider contagion in the euro region. Japan Airlines accelerated route cuts and estimated loss in the year. March retail sales surged at the fastest pace in thirteen years.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 Apr, 2010
New York City
The benchmark index in Australia declined 1.2% after world markets dropped. A downgrade of Greek and Portugal debt lifted bond yields to record high and the euro fell nearly 1%. Macarthur Coal third quarter sales surge 50%. In Sydney trading banks declined.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 Apr, 2010
New York City
World market declines overshadowed positive earnings dragging market indexes and rupee lower. Bharti Airtel Ltd fourth quarter profit declined 8% on severe price competition. Canara Bank quarterly net profit gained declined 30%. LIC Housing Finance Limited quarterly net rose 36%.
Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 Apr, 2010
New York City
U.S. stocks at the opening braved fast spreading contagion worries in Europe. Positive earnings lifted stock indexes in New York however market indexes in Europe and Asia declined. Talks of Greek bond defaults are increasingly viewed with greater certainty as 2-year Greek bonds surge to 23%.
123jump.com Staff
28 Apr, 2010
New York City
Revenues rose 11% to $27.7 billion and net income rose 55.6% to $3.33 billion or 74 cents a share. The Investment Bank had net income of $2.5 billion. the investment bank just on the expense side, $4.8 billion of expenses in the quarter. Allowance for loan losses at $2.6 billion.
123jump.com Staff
27 Apr, 2010
New York City
Stocks in New York and Europe closed sharply lower as talks of Greek default intensify. Greek bond yields surged to 19% and yields on Portugal and Spanish bonds increased as well. Rating agency S&P also lowered Greek bonds to junk and lowered debt rating of Portugal. Commodities fell.
Mayank Mehta and Darlington
27 Apr, 2010
New York City
Market indexes declined in Shanghai and Hong Kong fell on the worries that China will tighten lending and oversight of property developers. Banks declined in Shanghai. China Vanke declined after the developer said earnings dropped 53%.
Chandrasekhar Atreya
27 Apr, 2010
New York City
Inflation worries took the air from the market rally. Comments from RBI Governor Rao reignited fears that interest rates will rise faster than expected. Punjab and Sind Bank plans to list the bank in a public offering. India may sell a stake in Indian Oil Corporation.
Darlington Musarurwa
27 Apr, 2010
New York City
European indexes dropped as fears of Greek default take hold. S&P lowered Greek bond ratings by three levels to junk and Portugal debt by two notches to A-. Deutsche Bank Profits Soared 48%. Daimler AG swung to a quarterly net profit on sales rise of 13%
