Mayank Mehta
21 Aug, 2009
New York City
Stocks in Mumbai rebounded after government plans to lower stake in state controlled listed companies and ask private companies to increase public float. The Cabinet raised debt ceiling to 4% for state government allowing additional $5 billion of borrowing.
Mukesh Buch
20 Aug, 2009
New York City
World market indexes closed higher after indexes in Asia, North America and Europe rebounded. Commodities prices edged higher but natural gas dipped below $3 mBTU. World steel production fell at a slower pace in July. AIG surges on tough talk by the newly appointed chief. Sears reports wider loss.
123jump.com Staff
20 Aug, 2009
New York City
Stocks in Japan edged higher after commodities prices increased and Chinese stocks rebounded. Japan construction machinery association lowered its estimate for shipments. Auto and truck makers gained on brokerage recommendation.
123jump.com Staff
20 Aug, 2009
New York City
The benchmark indexes in Shanghai and Hong Kong recovered after banks reported improving margins and higher net lending. Increase in commodities prices also lifted stocks of copper and coal miners. Hong Kong consumer prices declined 1.5% in July. China Mobile profit growth slows.
Mayank Mehta
20 Aug, 2009
New York City
Commodities rebound lifted markets indexes in Europe. Air Berlin completed its
Mayank Mehta
20 Aug, 2009
New York City
UK reported record budget deficit in July after revenues declined 15% and expenses surged 7.5%. The pound and gilt fell. Retail sales in July increased 3.3% from a year ago and edged higher 0.4% from June. Mortgage approvals increased. A jump in commodities prices lifted the benchmark index.
123jump.com Staff
20 Aug, 2009
New York City
The engineering and construction firm reported revenue dipped 12% to $1.57 billion in the quarter. Net quarterly profit declined 48% to $92.6 million due to a lower level of activity in the Power Generation Systems segment. Earnings per share slumped to 40 cents from 77 cents a year-ago quarter.
Mayank Mehta
20 Aug, 2009
New York City
Sears Holdings led the decliners in the S&P 500 index with a loss of 13.3%. Barnes & Noble declares quarterly cash dividend. Hot Topic second quarter beat estimates but offers weak outlook. Citi Trends lowers annual earnings outlook. AIG surged after chief executive Benmosche offered positive views.
123jump.com Staff
20 Aug, 2009
New York City
The engineering and construction management company second quarter revenue dipped 8% to $5.29 billion and profits fell 19% to $176.4 million aided by a big one-time gain. Earnings per share were 93 cents as against $1.12 in the year ago quarter.
123jump.com Staff
20 Aug, 2009
New York City
Autodesk second quarter revenue declined 33% to $415 million, and profit declined 88% to $10.5 million. Earnings per share were 5 cents against 39 cents in the year-ago quarter.Net revenue in third quarter is expected to be in the range of $400 million to $420 million.
Mayank Mehta
20 Aug, 2009
New York City
Mumbai stocks edged higher after revived monsoon rains lowered rain deficit in the northern region of India. Essar Oil is expected to start its natural gas production by the end of the year. Wholesale prices declined according to the latest read.
Mukesh Buch
19 Aug, 2009
New York City
World markets were unnerved after markets in Shanghai dropped 20% from their peaks only two weeks ago. Tighter credit conditions and regulatory regime focused on preventing housing bubble. Stocks in New York edged higher after crude oil inventories declined at the end of last week.
Mayank Mehta
19 Aug, 2009
New York City
German producer prices declined the sharpest in July in six decades. The OECD reported flat economic growth in the second quarter in the 30-member nations. Air France pulled out of Czech Air bid. VW common shares dropped after Qatar agreed to pay lower price.
123jump.com Staff
19 Aug, 2009
New York City
The homebuilder quarterly revenue declined 36% to $914.1 million. Net quarterly loss narrowed 64% to $142.3 million helped by lower charges and a benefit from provision for income taxes. The company lost 45 cents a share versus a loss of $1.26 a share a year-ago quarter.
Mayank Mehta
19 Aug, 2009
New York City
UK stocks traded sideways. The Bank of England latest minutes showed that Governor King sought higher bond purchase limit which was not approved by the committee. John Menzies issued upbeat outlook for full year. Lookers Plc eliminates dividend on weak results. Rexam rights issue gets 95% bids.
