123jump.com Staff
19 Dec, 2008
New York City
Carnival, the largest cruise operator fourth quarter revenues gained 6% to $3.30 billion. Net income increased to $371 million or $0.47 a share compared to $358 million or $0.44 a share a year ago quarter. In the year the capacity increased 8.9% and net revenue yield in constant dollar rose 2.4%.
123jump.com Staff
19 Dec, 2008
New York City
FedEx second quarter earnings increased 3% to $ 493 million or $1.58 a share from $479 million or $1.54 a share a year ago. Revenue increased 1% to $9.54 billion. The company plans to eliminate $200 million costs in the quarter to generate $1 billion in annual savings.
123jump.com Staff
19 Dec, 2008
New York City
President Bush offered emergency loan of $13.4 billion to General Motors and Chrysler and additional $4 billion may be released after March of next year if two auto companies provide a restructuring plan. The decision lifted stocks of the companies and stock market indexes but tough road lies ahead.
123jump.com Staff
18 Dec, 2008
New York City
Zale, a specialty jewelry retailer reported first quarter revenues declined 3.5% to $364 million. Net loss from continuing operations was $45.3 million or $1.43 per share compared to $26.7 million or $0.54 per share last year. Comp stores sales decreased 3.7%.
123jump.com Staff
18 Dec, 2008
New York City
U.S. stocks fell after S&P put General Electric debt on watch with negative outlook. The surprise announcement turned trading sentiment negative. In addition, crude oil futures dropped 9.6% to $36 a barrel.
Mayank Mehta
18 Dec, 2008
New York City
U.S. stocks declined with leading indicators down 1%. Of the stocks in S&P 500 index, 274 declined, 221 increased and 5 rose. MEMC Electric fell on lowered sales outlook. Discover Financial surged on better than expected earnings. A fall in oil prices dragged oil complex stocks and steel makers.
123jump.com Staff
18 Dec, 2008
New York City
UK retail sales in November rose 0.3% from October. The unexpected rise in sales was supported by a rise in sales of food, household goods and other items. The pound falls to a record low against the euro on the expectations of a drop in interest rates and high government borrowings.
123jump.com Staff
18 Dec, 2008
New York City
Annualized inflation rate in India falls to 6.84% at the end of the first week in December. Indian government is seeking additional $9 billion for fiscal spending in year through March 2009. The benchmark Sensex index closes above 10,000.
123jump.com Staff
18 Dec, 2008
New York City
Leading Australian banks caution shareholders of rising bad debt expenses in 2009. Slowing economy and weak job market are expected to increase bad debt expenses at Commonwealth Bank to 60 basis points from 40. ANZ also cautioned of rising expenses.
Darlington Musarurwa
18 Dec, 2008
New York City
Japan stocks rise on interest rate cut hopes. Winter bonuses fall 0.4%, a decline for the first time in six years. Auto sales in 2009 are expected to fall below 5 million vehicles for the first time in 31 years.
123jump.com Staff
18 Dec, 2008
New York City
China unveiled another stimulus package focused on low income housing market. The government will lower taxes on capital gains on sales and offer cheaper financing for the second apartment purchase. In Hong Kong, property developers rose and lifted indexes in Hong Kong and in China.
123jump.com Staff
18 Dec, 2008
New York City
U.S. automakers struggle while the White House and Treasury avoid bailout plan endangering the industry and 3 million jobs in the industry. The U.S. Congress is deeply concerned in how Treasury has handled TARP. The British pound drops again. Carrefour SA lowers sales guidance for the second time.
123jump.com Staff
18 Dec, 2008
New York City
Goldman Sachs reported fourth quarter net loss of $2.12 billion or loss per common share of $4.97 compared with earnings per share of $7.01 a year ago. Full year net revenues for 2008 were $22.2 billion, net earnings were $2.3 billion, and earnings per diluted share were $4.47.
123jump.com Staff
17 Dec, 2008
New York City
Gymboree
123jump.com Staff
17 Dec, 2008
New York City
Russia based wireless carries revenues rose 50% to $2.845 billion and net income declined to $269 million or $0.27 per ADS from $458 million or $0.45 per share a year ago. Subscriber base expanded by more than 4 million in the quarter.
