Mayank Mehta
13 Jan, 2010
New York City
Wyndham Worldwide surged after positive comments from Deutsche Bank. Petroleum refiners Tesoro and Valero declined on the worries that elevated crude oil prices will crimp margins. China based search engine surged after Google said it may close its operations in China. Res-Care Inc plunged 17%.
123jump.com Staff
13 Jan, 2010
New York City
U.S. stocks traded sideways as Treasuries declined, the dollar advanced and commodities weakened. U.S. Treasury is scheduled to raise $21 billion in bond offering today. Google declined after the company said it may close down its operations in China and Baidu Inc surged.
Mayank Mehta
12 Jan, 2010
New York City
Stocks in Mumbai traded lower. Infosys posts strong December quarter. Dunlop India on a roll as trading resumes after eight years of suspension. Suven Life Sciences announces two patents in China and Russia. Bharti Airtel acquires 70% stake in Bangladesh based Warid Telecom for $300 million.
Darlington Musarurwa
12 Jan, 2010
New York City
In an apparent move to remove government stimulus, the People
Darlington Musarurwa
12 Jan, 2010
New York City
Prime Minister Hatoyama urged JAL retirees to approve the restructuring plan ahead of deadline. The troubled carrier is expected to file bankruptcy and take up to three years to turnaround. Current account surplus soars in November. Bank lending increased 1.2% in December and 2.5% in 2009.
Darlington Musarurwa
12 Jan, 2010
New York City
The benchmark index in Sydney declined after mortgage loans in November fell 5.6%. The decline in loan commitments surprised most economists. Resource stocks closed higher after commodities prices gained in international markets. China based Bright Foods offered $1.5 billion for sugar unit of CSR.
123jump.com Staff
12 Jan, 2010
New York City
U.S. stocks closed lower after investors focused on bank earnings this week. White House plans to impose fees of $120 billion to refund TARP. China raised bank reserves requirements. SEC sues Bank of American and said it did not disclose Merrill Lynch losses to shareholders.
Mayank Mehta
12 Jan, 2010
New York City
Alcoa Inc led the decliners in the S&P 500 index with a loss of 8.4%. Alcoa posts narrower loss. Great Atlantic & Pacific loses $14.35 a share. KBH swings to quarterly profit on tax benefit. Infosys reports growth in third quarter profit. Emulex surged more than 13% and QLogic Corp added 9.4%.
123jump.com Staff
12 Jan, 2010
New York City
U.S. stocks declined as investors grew cautious ahead of earnings from Intel and JP Morgan and other banks. Alcoa earnings failed to spark investor excitement. Treasury plans to raise $40 billion through bonds sale today totaling $84 billion in the week.
Mayank Mehta
12 Jan, 2010
New York City
Cadbury Plc advised shareholders to reject the offer from Kraft and Italy based Ferrero dropped out of the bidding. Tesco Plc advanced after six week sales increased 4.9%. The Game Group sales for the year declined 11% from a year ago.
Mayank Mehta
12 Jan, 2010
New York City
Markets in Europe were rattled after EU regulators said deficit statistics of Greece are unreliable. National Bank of Greece dropped 6.3%. Beiersdorf, the German consumer products maker declined after it missed earnings outlook. EADS declined after it reported revenues decline on weak dollar.
Darlington Musarurwa
11 Jan, 2010
New York City
Chinese stocks were mixed but ahead of earnings appeared to be ready for another leap. 2009 auto sales surged 46% to 13.4 million units on government incentives. Chinese exports also gained 17.7% from a year ago and surpassed Germany to be the largest exporter in the world.
Mukesh Buch
11 Jan, 2010
New York City
U.S. traded sideways but commodities gained on the rise in Chinese exports. Heineken agreed to acquire beer unit of Femsa SAB in Mexico. Gold and crude oil gained as the dollar eased. President Obama is considering to levy a charge on banks to as he looks for ways to trim the deficit.
Darlington Musarurwa
11 Jan, 2010
New York City
Australian stocks edged higher ahead of earnings season this week. A rise of 0.7% in oil and 0.5% in gold lifted resource linked stocks. Job ads in December increased in newspapers and on the Internet. Australia
Mayank Mehta
11 Jan, 2010
New York City
Stocks in Mumbai traded lower after Reliance agreed to lift its offer for LyondellBasell to $13.5 billion from $12 billion and raised $763 million through the sale of treasury stocks. Rupee edged higher after as foreign investors increase exposure to Indian stocks. Dhampur Sugar Mills net triples.
