Darlington Musarurwa
12 Mar, 2010
New York City
Australia
123jump.com Staff
12 Mar, 2010
New York City
U.S. stocks struggled after consumer sentiment waned and investors faced full valuations. An increase in February Retail sales offered another data point for economic recovery. The dollar edged lower against the euro. Lehman investigation puts JP Morgan Chase, Citigroup and former chief at fault.
Mayank Mehta
12 Mar, 2010
New York City
The benchmark indexes in Shanghai and Hong Kong declined. Air China fell after it plans to raise more capital in a stock offering to repay debt. Property developers in Shanghai fell on the worries that tighter regulations may hamper future land sales. But, developers in Hong Kong edged higher.
Mayank Mehta
12 Mar, 2010
New York City
UK stocks traded higher on a global optimism. Commodities advanced. Climate Exchange surged 9% after it swung to a net income in 2009. Liberty Plc surged on takeover talks. BSkyB soars 5% on media speculation that News Corp may increase its stake in the company.
Mayank Mehta
12 Mar, 2010
New York City
Earnings and economic outlook drove the sentiment higher in Europe. Talks of Greek bailout orchestrated by the EU also contributed to the positive sentiment. BMW AG 2009 net declined 36%. Eni SpA 2009 sales fell 23%.
123jump.com Staff
12 Mar, 2010
New York City
Potash Corp of Saskatchewan surged after it lifted first quarter earnings estimate as much as 50%. Yara International left its bid for Terra Industries unrevised. Aeropostale gained after fourth quarter sales increased 16%. AnnTaylor Stores declined on lower quarterly sales.
Mayank Mehta
12 Mar, 2010
New York City
Stocks in Japan closed higher on the optimistic view of the economy and a rise in industrial production. The yen strength prompted more calls to lower the currency and the continuation of loose monetary policy.
123jump.com Staff
12 Mar, 2010
New York City
U.S. stocks turned lower after the release of consumer sentiment index. A rise in February retail sales drove the indexes higher. KKR & Co. plans to raise $2.2 billion as it prepares list the company in New York. Terra Industries and CF Industries edge closer to a merger pact.
Mayank Mehta
12 Mar, 2010
New York City
Industrial production surged in January as industries use up spare capacity. Stocks struggled but edged up and for the week the Sensex increased 1%, fifth weekly gain in a row. Russian Prime Minster Putin hopes to sign defense pacts and nuclear power plants contracts with India during his visit.
123jump.com Staff
12 Mar, 2010
New York City
Sales fell 4.5% to $936 million & net income fell 30.5% to $47.5 million or 53 cents a share. Gross margin rate was 63.5% down 110 basis points & within the guidance range given at the beginning of the quarter. gross profit rate was 63.5%, down 110 basis points from last year
123jump.com Staff
11 Mar, 2010
New York City
U.S. stocks struggled after a raft of economic data. Weekly jobless claims barely budged, trade deficit declined in January and foreclosure notices remain elevated. Commodities markets feared crackdown after China reported a rise in inflation and industrial production.
Mayank Mehta
11 Mar, 2010
New York City
Cabinet Office revised the estimate of the last quarter gross domestic product lower to 3.8% from 4.6%. However, the current quarter estimates may be revised higher after Chinese production accelerated in February. Japanese steelmakers are bracing for 90% increase in iron ore prices from Brazil.
Mayank Mehta
11 Mar, 2010
New York City
UK stocks edged lower but traded near two-year high. BP Plc agreed to acquire portfolio of energy blocks from Devon Energy Corp for $7 billion. J D Wetherspoon plc reinstates dividend. William Morrison Supermarkets issued cautious outlook.
Mayank Mehta
11 Mar, 2010
New York City
European markets closed lower and the Swiss National Bank left its key lending rate unchanged at 0.25%. Volkswagen said unit sales in the first two months in a year surged 27% from a year ago and is seeking to raise
Mayank Mehta
11 Mar, 2010
New York City
Hot Topic quarterly profit declined on weak sales and Men
