123jump.com Staff
28 Oct, 2008
New York City
Crane Company plunged 26% after it missed earnings by a penny. Fidelity National Information Services gained 13% after quarterly revenue rose 25%. Winn-Dixie Stores rose 11% after it reported first quarter sales rise of 11%. The asset manager Calamos Asset dropped 4% after it reported a loss.
123jump.com Staff
28 Oct, 2008
New York City
NAND memory makers continue suffer from excess inventories, operating losses and weak balance sheets. SanDisk lowered its capital expenditure plan for 2008 by $500 million to $2.1 billion and 2009 plan to $1.3 billion from $3 billion. Third quarter product revenue was flat to the second quarter.
123jump.com Staff
28 Oct, 2008
New York City
Asian markets closed sharply higher as investors search for bargains. Japan surged more than 6% and Hong Kong soared 14% in the largest one-day gain in a decade. Honda Motor reported a decline in net income on 81% drop in profit in North America and a rise in yen.
123jump.com Staff
27 Oct, 2008
New York City
Southwest third quarter net income was $69 million or 9 cents per diluted share adjusted for one time hedging related charges. However, on the GAAP basis in the quarter airline lost $120 million or 16 cents a share. Revenue in the quarter rose to $2.9 billion.
123jump.com Staff
27 Oct, 2008
New York City
The Reserve Bank of Australia intervened to support the falling Australian dollar. The dollar declined to a five-year low against the U.S. dollar and dropped to a fifty three years low against Japanese yen. UK based BG Group is liklely to purchase Queensland Gas for $3 billion in cash.
123jump.com Staff
27 Oct, 2008
New York City
U.S. stocks closed lower in a volatile trading. Regional banking stocks rose on the hopes that Treasury bailout will include regional banks. Crude oil fell. UK closed at 5-year low. Hong Kong index dropped 13% and India declined to 3-year low. Japan closed at 26-year low.
123jump.com Staff
27 Oct, 2008
New York City
UK stocks recovered from 6% loss in the day but closed at 5-year low. The pound dropped nearly 2% against euro and dollar. Home price declined 7% in October. Persimmons, the home builder takes a charge for its land portfolio of 600 million.
123jump.com Staff
27 Oct, 2008
New York City
Sensex dropped 2% to a 3-year low on the worries that global economic slowdown will lower exports and foreign fund flows. Sensex declined fell as much as 6% in the early trading. Jet Airways swung to a loss after fuel prices surged. ICICI profit rises 1.1% and State Bank of India net up 31%.
123jump.com Staff
27 Oct, 2008
New York City
Stocks in Japan fall to a 26-year low on the worries that banks will need to raise more capital. Mitsubishi UFJ plunged 15% after it said that it will raise nearly $11 billion in the next one year. Mizuho Financial and Sumitomo Mitsui dived 15% and 11%. Yen rose to a 13-year high.
123jump.com Staff
27 Oct, 2008
New York City
Hong Kong stocks plunged nearly 13% on the worries that global economic slowdown will drag exports and earnings of the companies in the China region. Banks, shipping and airlines led the decline. China Life, China Vanke, Dongfang Electric and Ping An reported weaker than expected results.
123jump.com Staff
27 Oct, 2008
New York City
Insurance companies fell after CNA Financial swung to a loss in the latest quarter. AXA, Allianz, Hartford and MetLife dropped more than 9%. General Motors declined on the speculation that it may need federal aid for its merger with Chrysler. FPL Group dropped 4% after net income surged 45%.
123jump.com Staff
27 Oct, 2008
New York City
World markets slide after investors sold banking and resource stocks. Dollar and yen continue to rise against international currencies. Resource stocks fall in New York, Toronto, London and South America. Crude oil and metals prices drop to 3-year low.
123jump.com Staff
23 Oct, 2008
New York City
World markets continue their downward spiral. Markets in Asia dropped more than 3% and European markets decline. U.S. homes foreclosures surged at the end of the third quarter by 71%. California, Florida, Arizona, and Nevada led the foreclosures.
123jump.com Staff
22 Oct, 2008
New York City
Stocks in Japan plunged in Wednesday trading as yen rises and worries of earnings at banks mount. Net profit at MUFJ may be lower than previously estimated. NEC reversed its earlier profit forecast and predicted net loss for the year. Fuji Heavy Industries and Hitachi Construction Machinery dropped.
123jump.com Staff
22 Oct, 2008
New York City
Stocks in Hong Kong fell sharply after earnings worries dominated trading. Jinagxi Copper declined 13% after earnings dropped 27% and Huaneng Power fell 8% on a record loss forecast from the company. Citic Pacific plunged 25% after it recorded $2 billion in loss tied to derivatives.
