123jump.com Staff
11 Mar, 2010
New York City
U.S. stocks traded sideways and January trade deficit declined on the smallest import of crude oil since 1999. Weekly jobless claims fell by 6,000. Devon Energy agreed to sell its international assets of gas and oil fields to BP Plc for $7 billion.
Mayank Mehta
11 Mar, 2010
New York City
Stocks in Mumbai closed higher in the final fifteen minutes of trading. The wholesale inflation in the previous week was recorded at elevated level but larger crops of lentils and sugarcane is expected to make a dent in inflation. Russia and India are expected to sign nuclear reactor contract.
Mayank Mehta
11 Mar, 2010
New York City
China reported a rise in inflation and industrial production in February driven by economic stimulus and seasonal factors. Inflation gained for the fifth month in a row and 16-month high. New loans declined to $103 billion but ahead of the 22% annual increase target set by the central bank.
123jump.com Staff
11 Mar, 2010
New York City
Revenues up 5.4% to $296.9 million & net profit fell 26% to 34.6 million or 16 cents a share. Adjusted operating income margin for the 4th quarter would have been 21.5% versus 20.8% the previous year quarter. Adjusted operating income stood at $55 million. Full year revenue up 7.6% to $1.12 billion.
123jump.com Staff
11 Mar, 2010
New York City
The junk car auctioneer second quarter revenue increased by 4% to $176.6 million and net profit zoomed by 32% helped by higher revenue and improved margins. Earnings per share were $0.42 against $0.32 in the year ago quarter.
123jump.com Staff
10 Mar, 2010
New York City
U.S. stocks barely closed up on the tenth anniversary of tech bubble collapse. The Nasdaq index is down 55% in the period. Investors bid up financials after Citigroup completed $2 billion offering and bond investors supported other offerings totaling $7 billion a day ago.
Mayank Mehta
10 Mar, 2010
New York City
China
Mayank Mehta
10 Mar, 2010
New York City
European markets closed higher on improved global economic expectations, merger activities and an increase in production in France and Italy. Munich Re fourth quarter profit jumps. Fortis gains after it said it will resume dividend payment.
Mayank Mehta
10 Mar, 2010
New York City
Factory production index in January declined, a fall for the first time in five months. Tullett Prebon surged on buyout talks. F&C Asset Management swings to net profit in 2009. Laird Plc dropped 9% on a yearly loss.
123jump.com Staff
10 Mar, 2010
New York City
The lifestyle specialty retailer quarterly sales increased 16% to $589 million on comparable store sales rise of 4%. Net quarterly income surged 92% to $78 million due to significant improvements in initial merchandise margins. Earnings per share rose to 45 cents from 24 cents a year-ago quarter.
123jump.com Staff
10 Mar, 2010
New York City
Allergan advanced after the company won approval to use its Botox product for additional treatments. J Crew posts profit after product markdowns decline. Collective Brands loss narrows. Vail Resorts, Inc second quarter net falls.
123jump.com Staff
10 Mar, 2010
New York City
U.S. stocks traded higher after corporations take an advantage of low interest rates to issue bonds and securities. Citigroup today launched the sale of $2 billion of securities that yield nearly 8.9%. Novartis and MGM led the bonds offering today and Goldman led the offering in euro bonds.
Mayank Mehta
10 Mar, 2010
New York City
Stocks in India traded higher on the expectations of higher domestic consumption and the government pledge to trim budget deficit. Bolivia moves to scrap contract with Jindal Steel to invest in iron ore mines. Patel Engineering gets government approval for coal linkage for its power plants.
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.
