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December Home Sales Decline 16.7%

123jump.com Staff
25 Jan, 2010
New York City

December home sales declined 16.7% from a year ago to 5.45 million. Sales in 2009 increased for the first time since 2005. Housing inventory at the end of the month was at 7.2-month supply.

American Exp. Q4 2009 Earnings Call Transcript

123jump.com Staff
25 Jan, 2010
New York City

Revenues fell 0.3% to $6.49 billion & net income rose 198% to $716 million or 60 cents a share. Write-offs in the fourth quarter were 7.5%, in October it was 7.8%; November it was 7.6% and December it was 7.1% so an improving trend. The forecast is for unemployment to stay at relatively high levels.

Starbucks Q4 Earnings Call Transcript

123jump.com Staff
25 Jan, 2010
New York City

Revenues rose 4% to $2.72 billion & net income rose 275.6% to $241.5 million or 32 cents a share. Consolidated operating margin was 13.0% on a GAAP basis and 13.6% on a non-GAAP basis. Consolidated operating income of $353 million in the first quarter including $18 million of restructuing chagres.

Stocks in New York Rebound, Bernanke in Focus

123jump.com Staff
25 Jan, 2010
New York City

Stocks in early trading in New York rebounded on the hopes that the Fed Chairman Bernanke will be reappointed after more Senators express their support and confidence for the nomination. Ericsson AB net plunges. Philips Electronics surged on the fourth quarterly profit in a row.

Intuitive Surgical Q4 Earnings Call Transcript

123jump.com Staff
24 Jan, 2010
New York City

The surgical robotics company reported quarterly revenue soared 40% to $323 million. Net quarterly income surged 53% to $78 million driven by the growth in instruments and accessories revenue from da Vinci surgical system sales. Earnings per share rose to $1.95 from $1.27 a year-ago quarter.

Dow Down 5% in 3-days; Bernanke Opposition

123jump.com Staff
22 Jan, 2010
New York City

Investors fear banks may face uncertain future as lawmakers prepare to draft more regulation for the industry. Fed Chairman Bernanke nomination faces growing opposition as voters blame his policies of the past contributing to the housing market and economic malaise.

China Stocks Down in the Week

Mayank Mehta
22 Jan, 2010
New York City

Stocks in Shanghai and in Hong Kong fell for the week. Resource stocks declined after commodities prices fell on the worries that tighter lending will slow construction industry in the mainland. Chalco 2009 revenue nears $21 billion. Sands China Ltd starts the road show to raise $1.75 billion.

Australian Tax Worries; Woodside Drops

Darlington Musarurwa
22 Jan, 2010
New York City

Australian stocks closed sharply lower on the worries that mining companies may be asked to pay more taxes on future projects. The leaked report raised new uncertainties on the taxation regime. Lower world prices of metals and energy also weighed on the market sentiment.

Thirteenth Annual Retail Sales Decline in Japan

Darlington Musarurwa
22 Jan, 2010
New York City

Japan supermarket sales fall 5% to 1.2 trillion yen in December and annual sales declined for the thirteenth year in a row. Toyota Motor Corp. recalls 2.3 million cars to fix sudden acceleration.

Rate Worries Drage Sensex; Reliance Net Surges

Mayank Mehta
22 Jan, 2010
New York City

Investors in India sold stocks ahead of the RBI meeting. Reliance increased its share of sales in the domestic market and quarterly revenues surged 80%. Bharti Airtel sales rise 1.4%. Discount carrier SpiceJet swings to a profit. Corporation Bank net surges 19%.

European Markets Down; Bwin, PartyGaming Talks

Mayank Mehta
22 Jan, 2010
New York City

European markets closed lower and now in the red for 2009. Investors worried that additional bank regulations and limits on risk ventures is likely to curb future profits at banks. Bwin Interactive is in merger talks with PartyGaming.

UK Benchmark Lower on Weak Financials

Mayank Mehta
22 Jan, 2010
New York City

UK financials and miners led the decliners for the third day in a row. The benchmark index is in loss for 2010. Miners fell on the worries that China will tighten monetary policy and banks declined on limit on risk taking activities in the U.S. may spread to Europe.

GE, Intuitive Surgical Rise; Google, AMD Fall

Mayank Mehta
22 Jan, 2010
New York City

Intuitive Surgical, Inc led gainers in the S&P 500 index with a rise of 10.5%. Google earnings quadruple and sales increase 17%. General Electric net drops 19%. Kimberly-Clark

Stocks, Metals Drop on China; AmEx Falls

123jump.com Staff
22 Jan, 2010
New York City

Prospects of higher rates in China, India, Korea and Australia prompted fresh worries on global growth. President Obama

World Markets Trade Lower, Bank Profit Worries

123jump.com Staff
22 Jan, 2010
New York City

Markets in Europe traded lower and in Asia declined sharply. Gold, copper and crude oil also fell after a surge in Chinese GDP stoked speculation of tighter monetary policies. Industrial orders in the euro-zone increased and UK retail sales in December less than expected.

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