123jump.com Staff
04 Mar, 2010
New York City
U.S. businesses reported 6.9% improvement in productivity in the fourth quarter of 2009 and 5.9% in the year. The surge in productivity was driven by 4.7% decline labor cost in the year as employers cut jobs. Weekly jobless claims declined and the dollar edged higher against the euro.
Mayank Mehta
04 Mar, 2010
New York City
Foot Locker swings to profit. PetSmart profit dips 4% and forecast better than expected outlook. Take-Two cuts losses and revenue jumps. Limited Brands February same-store sales rise 10%. Urban Outfitters profit climbs 92%. Ciena plunges after quarterly loss nearly doubles.
Mayank Mehta
04 Mar, 2010
New York City
Food prices and wholesale prices remained at elevated levels according to the latest data from the government. Truck transportation association said members plan to increase freight rate by 15% after fuel taxes were lifted. Shipping companies closed higher after container freight rates surge 40%.
123jump.com Staff
04 Mar, 2010
New York City
Weekly jobless claims declined 29,000 at the end of last week. Federal Reserve in its Beige report noted improving economic conditions but commercial construction and demands for loans remain soft. Greece launched 5 billion euros bond offering as workers demonstrate.
123jump.com Staff
04 Mar, 2010
New York City
McDermott fourth quarter net revenue fell 11.8% to $1.46 billion while net income grew 130% to $98.7 million despite headwinds due to spin off, R&D, pension and other expenses. Earnings per share were $0.42 as compared to $0.19 per share in the 2008 fourth quarter.
123jump.com Staff
04 Mar, 2010
New York City
Revenues fell 23% to $583.9 million & net income fell 49% to $24.4 million or 28 cents a share. Produced tons sold totaled 7.8 million tons compared to 10.2 million in the last year. Average produced coal sales realization of $64.13 per ton was $1.44 per ton higher than in the 4th quarter of 2008.
123jump.com Staff
03 Mar, 2010
New York City
Property developers in Hong Kong fell as regulators permit banks to charge more for mortgage loans and in China declined as delegates urge for tighter curbs in property markets. Chinese delegates at a communist party political convention are also expected to approve incentives for renewable energy.
123jump.com Staff
03 Mar, 2010
New York City
Federal Reserve in its latest survey noted that the U.S. economy improved in most areas but the labor market remained soft and commercial real estate loans and loan demands were weak. The euro gained as optimism builds ahead of a meeting between the political leaders of Greece and German.
Mayank Mehta
03 Mar, 2010
New York City
UK indexes and stocks closed higher after service industry index showed expansion and consumer confidence in February reached a two-year high. Standard Chartered Plc reported record 2009 net income.
Mayank Mehta
03 Mar, 2010
New York City
European markets closed higher on a rally in resource stocks. Greece proposed additional budget cuts as expected. Alternative energy producers gained after German ministers proposed lower than expected cut in subsidies. Employee placement company Adecco swung to a profit.
Mayank Mehta
03 Mar, 2010
New York City
Novell, Inc led gainers in the S&P 500 index with a rise of 27.3%. VeriFone swings to profit in fiscal first quarter. Kenneth Cole Productions, Inc fourth quarter loss expands fourfold. Royal Bank of Canada declares dividends. Wholesale club Costco and BJ
123jump.com Staff
03 Mar, 2010
New York City
U.S. indexes traded higher and commodities prices advanced on improved economic outlook. The dollar edged lower after Greece announced additional budget cuts. Service industry index showed expansion in February. Big Lots, Novell Inc increased but Costco Wholesale Corp declined.
Mayank Mehta
03 Mar, 2010
New York City
Mumbai land auction failed to attract a single bidder. ARSS Infrastructure initial public offering surged 52% on its first day of trading. Ranbaxy slips as U.S. regulator delay generic drug approval. Jaiprakash Associates cement shipment surges 61% in February.
123jump.com Staff
03 Mar, 2010
New York City
Stocks in Japan edged fractionally higher after February wages increased. Employers added more overtime to meet a rise in export orders. Toyota sales in the U.S. declined less than expected. Retailers traded higher in Tokyo trading and Fast Retailing led the gainers.
Darlington Musarurwa
03 Mar, 2010
New York City
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