Darlington Musarurwa
08 Mar, 2010
New York City
Arrow Energy Limited received A$3.3 billion joint bid from Royal Dutch and PetroChina Corp. The coal seam gas explorer soared 47% on the bid. BHP Billiton signs new coking coal contract with JFE Holdings of Japan that tracks spot market prices and is only for a quarter compared to annual increase.
123jump.com Staff
08 Mar, 2010
New York City
U.S. stocks struggled at close. MetLife agreed to acquire life insurance division of AIG for $15.5 billion. Royal Dutch Shell and PetroChina bid for Arrow Energy in Australia. Oil stays firm and the dollar inches lower. LyondellBasel prefers its restructuring to the offer from Reliance Industries.
Mayank Mehta
08 Mar, 2010
New York City
The UK stock index closed higher after fractional gains in commodities. Petrofac, the oil services provider said 2009 net income surged 33%. Scotland port operator Forth Ports surged 26% on two buyout offers. Royal Dutch Shell and PetroChina offer to acquire Australia based Arrow Energy Ltd.
123jump.com Staff
08 Mar, 2010
New York City
European market indexes closed nearly unchanged after the early gains evaporated. Resource sector stocks trade higher. French President voiced a strong support to Greece to send a signal to investors and support the euro. Portugal prepares to sell 6 billion euros of assets to lower budget deficit.
Mayank Mehta
08 Mar, 2010
New York City
American International Group surged 3% and MetLife gained 5% after they agreed on a deal of $15.5 billion. Hewlett Packard lowered its earnings estimate by 3 cents a share. Xyartex Ltd soared 15% after it revised higher earnings estimate. Imax Corp surged on record weekly box office revenues.
123jump.com Staff
08 Mar, 2010
New York City
U.S. stocks struggled in the morning after AIG completed the delayed agreement of $15.5 billion to sell its life insurance division to MetLife. The dollar edged down after fears of Greece default recede. Crude oil futures race to $82 a barrel.
123jump.com Staff
08 Mar, 2010
New York City
Japan January exports surged 41% and imports increased 7% as exports to the U.S., EU and China rebound for the second month in a row. Current account swings to a surplus from a year ago month. JFE Holdings agreed to a 55% increase in price in a quarterly contract.
Mayank Mehta
08 Mar, 2010
New York City
Banks in India surged after finance minister Mukherjee sought Parliament approval to permit banks to sell more shares. Rupee edged higher. Essar Group agreed to acquire Trinity Coal Corp for $600 million and is said to prepare securities offering in London for as much as $3 billion.
123jump.com Staff
08 Mar, 2010
New York City
U.S. stocks are trading higher in the pre-market trading on a global optimism and a rise in Asian and European markets. Dubai is expected to offer restructuring plan for $26 billion and may disappoint bankers by not offering state guarantee. French President offered more support for Greece.
123jump.com Staff
08 Mar, 2010
New York City
Intrepid Potash fourth quarter revenue came in at $73.06 million down by 8% from prior year quarter and net income fell sharply by 70% to $6.71 million hurt by steep fall in prices of potash. Earnings per share were $.09 against $0.30 in the prior year quarter.
123jump.com Staff
08 Mar, 2010
New York City
Revenues fell 1% to $1.24 billion and net income rose 5.5% to $111.1 million or $1.10 per diluted share. Third quarter wholesale operating income was $107 million and the operating margin rate was 17.7% compared to a historic peak third quarter wholesale margin of 19.8% compared to last year.
123jump.com Staff
07 Mar, 2010
New York City
United Natural Food, the organic and specialty food distributor net sales grew by 6% in the second quarter to $898 million helped by higher sales. Net income improved by 15% to $15.7 million and earnings per share were $0.36 against $0.32 in the year ago quarter.
123jump.com Staff
06 Mar, 2010
New York City
The automotive parts retailer sales increased 4% to $1.5 billion in the quarter. Net quarterly income rose 6.4% to $123.3 million as it managed costs and recorded higher sales from new stores. Earnings per share grew to $2.46 from $2.03 in the year-ago quarter.
Mayank Mehta
05 Mar, 2010
New York City
Stocks in Hong Kong surged tracking the gains in New York. Property developers and banks closed higher. In Shanghai trading stocks were subdued awaiting more news from the political convention. FAW Car reported 50% rise in 2009 earnings.
123jump.com Staff
05 Mar, 2010
New York City
U.S. indexes closed higher after jobless rate stayed unchanged. Fannie Mae and Freddie Mac may quintuple the amount of home loans buy backs for banks to $21 billion. Senators prepare to vote on a jobs bill totaling $150 billion next week. Small cap index Russell 6000 surged 6% in the week.
