123jump.com Staff
11 Aug, 2009
New York City
U.S. benchmark averages pulled back more than 1% as investors took cautious views. CIT Group, MBIA and AIG led the decliners with Bank of America and other banks closed lower. The Bank of Japan highlighted downside risk to the economy and left its rate unchanged.
123jump.com Staff
11 Aug, 2009
New York City
Australian stocks edged higher ahead of earnings from Commonwealth Bank and BHP Billiton. Weak gold prices failed to dampen the mood in trading as Chinese demand for iron ore and other metals is expected to rise. JB Hi-Fi surged after net profit rose 45%.
123jump.com Staff
11 Aug, 2009
New York City
The Bank of Japan left its key rate unchanged in a unanimous vote and left its economic assessment unrevised. The central bank highlighted downside risks to the economy until the final demand improves. Insurers gained on earnings. Earthquake related stocks closed higher.
Mayank Mehta
11 Aug, 2009
New York City
Germany reported first monthly decline in consumer prices in 22 years in June. The prices decreased 0.7% from a year ago and wholesale prices fell 10.6%. The pre-paid telecom operator Drillisch surged 7% after its net soared five-fold. TUI AG declined on financing worries related to Hapag-Lloyd.
Mayank Mehta
11 Aug, 2009
New York City
UK home prices in June inched higher and number of agents reporting price decline also edged lower in July. Trade deficit widened in June as imports of goods rose at a faster pace than exports. Tata Motors arranged loans without the backing of UK government.
Mayank Mehta
11 Aug, 2009
New York City
MBIA Inc plunged after negative comments and a rating downgrade from JP Morgan. AIG dropped as well after the stock surged in the last ten days of trading. Yum! Brands, Sprint and Dynegy declined on lowered ratings from analysts.
Mayank Mehta
11 Aug, 2009
New York City
Stocks in Mumbai edged higher on positive market sentiment as several companies issued stock splits and reported new orders. Swine flu treatment related generic drug makers were on the most actively traded stocks. Tata Motors secured debt funding for its UK based Jaguar and Land Rover unit.
123jump.com Staff
10 Aug, 2009
New York City
ConocoPhillips second quarter earnings dropped nearly 50% to $35.4 billion and profits plunged 76% to $1.3 billion as heavy fuel supplies and weak demand hurt margins. Earnings per share were 87 cents as against $3.50 in the year-ago quarter.
Mukesh Buch
10 Aug, 2009
New York City
U.S. stocks edged lower ahead of Fed meeting this week. The Fed is expected to leave rates unchanged and leave most of the direct lending programs in place. Consumer bankruptcies increased 34% in July. Freddie Mac surged on a quarterly profit after two years.
123jump.com Staff
10 Aug, 2009
New York City
European real estate firms declined on weak rents and falling property values. Banks in Italy edged higher. Bourbon SA, the offshore marine service first half revenues increased 11.2%. Heidelberger Druckmaschinen AG finalized its
Mayank Mehta
10 Aug, 2009
New York City
Resolutions revised offer for Friends Provident values the insurer at
123jump.com Staff
10 Aug, 2009
New York City
The Internet applications and content delivery solutions provider quarterly revenue increased 5% to $204.6 million. Net quarterly income rose 5% to $36 million due to higher traffic growth in the media and entertainment segment. Earnings per share remained flat at 19 cents.
Mayank Mehta
10 Aug, 2009
New York City
Freddie Mac surges after it reported its first profit in two years. The mortgage lender also paid $1.1 billion in dividends to U.S. Treasury. Dish Network surged 10% on better than expected earnings. Best Buy declined on rating downgrade. Barnes & Noble surges 10% on a related party acquisition.
Mayank Mehta
10 Aug, 2009
New York City
Weak monsoon rains may trim the economic expansion by as much as 1% in India. Tata Steel targeted $800 million expansion plan. NHPC Ltd IPO attracts more binds on the second day of subscription. Bharti
123jump.com Staff
10 Aug, 2009
New York City
Australia continues to struggle in eradicating rogue vocational institutions as students from around the world question recent demise of two institutions. Australian education industry is the second largest foreign exchange revenue source and increasingly students are vocal about the quality.
