Darlington Musarurwa
10 Mar, 2010
New York City
Stocks in Japan struggle after wholesale prices declined for the fourteenth month in a row. Machinery orders index, the measure of business investment and future outlook declined 3.7% in January after surging 20% in December. Beer shipments decline 6.3% in February.
Darlington Musarurwa
10 Mar, 2010
New York City
Australian consumer sentiment index increased 0.2% in March despite the recent four rate increases in a row. However, home loans declined 3.3% in January. Central bank official Philip Lowe said that Australia is likely to grow at or above average rate and investment share of GDP is near its peak.
123jump.com Staff
10 Mar, 2010
New York City
Broadline closeout retailer Big Lots fourth quarter net sales grew 7% to $1.46 billion with net earnings growing by 33.7% to $105.37 million from the prior year quarter. Earnings per share were $1.27 compared to $0.96 in the year-ago quarter.
123jump.com Staff
10 Mar, 2010
New York City
Revenues fell 2% to $722.1 million and net income rose 34% to $62.1 million or 85 cents a share. On December 31, 2009, gross consolidated debt was $643.9 million and debt net of cash was $567.3 million. Corporate expense was $12.2 million as compared to $12.3 million a year ago.
123jump.com Staff
09 Mar, 2010
New York City
U.S. stocks closed fractionally higher as financials surged on a speculation that the U.S. is preparing to sell its 27% stake in Citigroup. Telecom surged after Cisco released faster and cheaper router to process video data. Sony Corp targeted higher sales of 3D televisions.
Mayank Mehta
09 Mar, 2010
New York City
Property stocks gained after a central bank official said that China does not need additional lending curbs and the current measures are already working. Total vehicles sales surged in February by 46%.
Darlington Musarurwa
09 Mar, 2010
New York City
Australian benchmark index increased 0.3% after more employers looked to hire add staff in February. Australia
123jump.com Staff
09 Mar, 2010
New York City
European markets closed unchanged. EU regulators raise more questions on Greece tax revenues estimate. Fitch threatened to lower Portugal credit rating and said government plans to cut deficit are not sufficient. Groupe Eurotunnel SA profit plunges on tunnel fire and winter breakdowns.
Mayank Mehta
09 Mar, 2010
New York City
The UK trade deficit surges in January. Rating agency Fitch called for faster budget deficit cuts. Shanks declined after it ended takeover talks with Carlyle Group. John Menzies pretax profit doubles. The rating agency Fitch urged UK government to trim deficit faster.
Mayank Mehta
09 Mar, 2010
New York City
AgFeed Industries surged more than 15% after it estimated a surge in hog production. Comercia Inc launched $800 million offering to redeem preferred shares issued to the U.S. Treasury. H&R Block declined on same store tax preparation fell 6.8%. Texas instruments guided sales and net higher.
Mayank Mehta
09 Mar, 2010
New York City
Mumbai stocks struggled on the anniversary day when world markets traded at multi-year lows a year ago. The Sensex has doubled in a year on the improving global economic outlook. Tata Motors declined 3% after Daimler AG sold its 5.3% stake that it held since 1954.
123jump.com Staff
09 Mar, 2010
New York City
U.S. stocks and commodities traded lower. The S&P 500 index has recovered 67% from the 12-year low it reached a year ago. Copper and gold are trading lower. Kroger Co. fourth quarter sales increased 7.5% and net surged 27%.
123jump.com Staff
09 Mar, 2010
New York City
Revenues fell 0.6% to $3.37 billion & net income rose 6% to $216 million or 45 cents a share. Worldwide restaurant margins by 1.7% points & operating profit grew by 9% prior to foreign currency translation. China will grow profits by 15%. Yum Restaurants International will grow profit by 10%.
Darlington Musarurwa
09 Mar, 2010
New York City
The economic measure indicting economic activities increased in January as exports strengthen and unemployment declines to 10-month low. Sony Corp is targeting to sell 25 million LCD TVs and 2 million 3D models in the next fiscal year beginning April 1. The yen gains against the euro and the dollar.
123jump.com Staff
08 Mar, 2010
New York City
Stocks in Hong Kong surge tracking gains in the U.S. markets after unemployment was unchanged in February at 9.7%. China Southern Airline plans to raise 10.75 billion yuan to repay some of its 60 billion yuan debt. ICBC said 2009 loan growth was the fastest in three years.
