123jump.com Staff
22 Jan, 2009
New York City
The rail road cars maker reported net loss in the first quarter of $3.3 million or $0.20 per diluted share on revenues of $256 million. The company reduced dividend from 8 cents a share to 4 cents a share.
123jump.com Staff
22 Jan, 2009
New York City
For the second quarter revenues were nearly to $985.2 million and net income of $71.8 million or 47 cents per share, down from $82.9 million a year ago. Higher medical expenses, energy costs and tax rate lowered the earnings.
123jump.com Staff
22 Jan, 2009
New York City
The chip maker fourth quarter revenue declined 19% from the third quarter. Gross margin declined six percentage points from the third quarter to 53.1%. In the quarter Intel generated $11 billion in cash flow from operations, spent $5.2 billion in capital, paid over $3 billion in dividends.
123jump.com Staff
22 Jan, 2009
New York City
The largest financial institution posted a $4 billion profit for 2008 despite $10 billion in capital market losses and $27 billion in credit costs. Revenue in the quarter on rose 19% to $15.98 billion. Net loss was $1.8 billion or $2.4 billion after deferred dividends.
123jump.com Staff
22 Jan, 2009
New York City
U.S. stocks edged lower on weak earnings. Microsoft, eBay, airlines and shipping companies reported weak earnings. Google after the close reported earnings decline of 68% on a write down of AOL and Clearwire investment. Google earned $1.21 a share after the write down.
Mayank Mehta
22 Jan, 2009
New York City
Microsoft said that it no longer can estimate its annual earnings and may cut as many as 5,000 jobs. Aflac plunged on worries of UK banks holdings in its portfolio. AMR Corp dropped on a loss but Southwest gained. Apple declined on 2% rise in income. eBay declined on weak earnings.
123jump.com Staff
22 Jan, 2009
New York City
UK home repossessions rose 92% in the third quarter and manufacturing survey showed weak sentiment in the sector. For the three months to January, the CBI survey indicated a decline in demand, fall in employment and a drop in capacity utilization. In a listless trading, Lloyds Banking led gainers.
123jump.com Staff
22 Jan, 2009
New York City
Stocks in Australia rebounded after China reported economic growth of 6.8%, the slowest in seven years, but China still managed to grow at a faster pace than all developed economies, lifted hopes of sustain commodities exports to the region. Woodside Petroleum estimated 75% profit rise.
Darlington Musarurwa
22 Jan, 2009
New York City
Japan exports in December plunged, in yet another confirmation of sharp deceleration in international trade among developed nations. Exports to U.S. declined for the sixteen month in a row and to China dropped 36% and Europe declined 42%. The Bank of Japan left rates unchanged.
123jump.com Staff
22 Jan, 2009
New York City
Chinese economy grows at the slowest pace in the last seven years as the falling domestic demand and international trade contributes to the weakness. The GDP rises 6.8% in December as trade growth declines. Inflation falls sharply in December and corporate profits increase at the slowest pace.
123jump.com Staff
22 Jan, 2009
New York City
Inflation in India edges to 5.6% but still lower than a year ago as the economy slows. Companies report mixed earnings. Reliance net drops 8.8%, Bharti Airtel net rises 25% and Hero Honda profit advances 9% and Bharat Forge profit slumps 92%. Coromandel Fertilisers net surges 77%.
Mayank Mehta
21 Jan, 2009
New York City
Bank stocks rebounded on the hopes of a bailout plan from the Obama administration. Commodities and metal makers declined. Bank of America surged 31%, Citigroup galloped 31.5% and Morgan Stanley and JP Morgan rose more than 25%. The railroad operator, CSX dropped on earnings.
123jump.com Staff
21 Jan, 2009
New York City
Stocks in New York rose on the anticipation of Obama administration bank rescue plan. Banks surged after executives and directors at the Bank of America purchased shares. Asian stock may rebound in the trading after dropping sharply today.
123jump.com Staff
21 Jan, 2009
New York City
Hong Kong exports decline 7.1% in November. Global worries dragged the bench mark index in Hong Kong and in Shanghai. Banks and insurance companies fell the most. China Life dropped 7.5% after it estimated a profit decline of 50%.
123jump.com Staff
21 Jan, 2009
New York City
U.K. jobless claims increase 77,900 in December. Barclays plunged 9% on the unsubstantiated rumors that the lender may face nationalization. Banks rebounded in trading after falling sharply in the last three sessions. The Bank of England is likely to purchase assets from banks directly.
