123jump.com Staff
23 Jul, 2009
New York City
The online auctioneer net revenue dipped 4.5% to $2.1 billion in the quarter. Net quarterly income declined 29% to $327.3 million impacted by a stronger dollar and weakness in the core marketplaces business. Earnings per share decreased to 25 cents from 35 cents a year-ago quarter.
Mayank Mehta
23 Jul, 2009
New York City
Stocks in Mumbai trading surged on positive earnings from Maruti Suzuki, ACC, ITC, Biocon and Union Bank of India. Tata Power and Sterlite completed their international capital raising. The latest read on wholesale inflation index showed a decline.
123jump.com Staff
21 Jul, 2009
New York City
Fed Chairman Bernanke in his prepared remarks for lawmakers indicated that unemployment will remain high till 2011 and slow economic recovery in 2010 will accelerate in 2011. Regions Financial plunged on wider than expected loss in the second quarter. Caterpillar surged on positive outlook.
Mayank Mehta
21 Jul, 2009
New York City
Investors in India worried weak rain in the first 45 days of monsoon season may increase government deficit and lower rural spending. Tata Steel raised $500 million in an offering in Europe. Average sales have increased 11% and earnings 19% at the 230 companies releasing earnings so far.
123jump.com Staff
21 Jul, 2009
New York City
The financial institution reported revenue surged 60% to $33.1 billion in the quarter. Net quarterly income dipped 5.5% to $3.22 billion hurt primarily by higher provision for credit losses, merger and restructuring charges. Earnings per share slumped to 33 cents from 72 cents a year-ago quarter.
123jump.com Staff
20 Jul, 2009
New York City
Google second quarter revenue rose just under 3% to $5.52 billion. Profit rose 18.5% to $1.48 billion riding on year-over-year 15% increase in paid clicks. Earnings per share were $4.66 compared to $3.92 in the year ago quarter.
Mukesh Buch
20 Jul, 2009
New York City
U.S. indexes added to the 7% last week as cautious optimism about earnings lifted market indexes. The improved economic sentiment lifted commodities prices which in turn lifted markets in Australia, Canada, Brazil and China. India and U.S. signed several agreements involving nuclear power plants.
Trupti Mehta
20 Jul, 2009
New York City
The UK indexes edged higher after miners and financials closed up. ICAP, the inter-broker dealer completed raised 300 million euros through 5-year bonds. The pound gained after homes for sale were listed at higher prices. Domino
Mayank Mehta
20 Jul, 2009
New York City
Tyson Foods led the decliners in the S&P 500 index with a loss of 8.6%. Eaton second quarter earnings plunged 92% and lowered its operating earnings outlook for the year. CIT surged after it arranged a rescue loan of $3 billion from its bond holders. S&P 500 index will replace CIT with Red Hat, Inc.
123jump.com Staff
20 Jul, 2009
New York City
Australian stocks edged higher on a rally in copper prices and cash iron ore price above $90 a ton as the mineral shipment to China increase. Energy Resources, the operator of uranium mines increased after it estimated first half earnings to rise three-fold.
123jump.com Staff
20 Jul, 2009
New York City
Commodities and shipping linked stocks rallied. Earnings optimism and brokerage recommendation of Hong Kong property stocks helped benchmark indexes. China International Travel Service Corp filed its public offering prospectus.
123jump.com Staff
20 Jul, 2009
New York City
Sensex in Mumbai trading soared 13.4% in last five trading sessions. Kirloskar Pneumatic first quarter plunges into loss. TCS results with a positive outlook lifted market sentiment. Ambani family feud is joined by the Indian government staking claim to natural gas and its authority to price.
123jump.com Staff
19 Jul, 2009
New York City
The information technology provider revenue declined 13% to $23.3 billion in the quarter. Net quarterly income rose 12% to $3.1 billion. Earnings per share increased to $2.32 from $1.97 the prior-year quarter. The company estimates earnings of at least $9.70 a share for fiscal 2009.
123jump.com Staff
18 Jul, 2009
New York City
CSX second quarter revenue dipped 25% to $2.2 billion reflecting 21% decline in volumes. Operating income declined 19% to $ 582 million. Earnings per share were 72 cents against 89 cents in the year ago quarter.
123jump.com Staff
18 Jul, 2009
New York City
The financial services provider quarterly revenue soared 39% to $25.6 billion. Net quarterly income rose 36% to $2.7 billion helped by strong investment banking business. Earnings per share fell to 28 cents from 53 cents a year-ago quarter. The company repaid in full the $25 billion TARP capital.
