123jump.com Staff
15 Jun, 2009
New York City
The specialty retailer for home products first quarter net revenues decreased 22% to $612 million. The net loss was $18.71 million against net income of $10.45 million. Loss per share was 18 cents as against 10 cents of earnings per share a year ago.
123jump.com Staff
15 Jun, 2009
New York City
The downward momentum in global markets dragged New York stocks lower. A rise in dollar, weak commodities and tired rally dragged markets in Asia and New York. The prospect of more bank losses worried investors in Europe. The dollar edged higher against euro and crude oil and gold declined.
123jump.com Staff
15 Jun, 2009
New York City
European market indexes closed lower on weak mining, energy and financial stocks. Porsche is in talks with sovereign investment funds in the Middle East to raise as much as 2.5 billion euros. Steelmakers in Germany and Amsterdam trading lead the decliners in Europe.
123jump.com Staff
13 Jun, 2009
New York City
The personal computer maker quarterly sales decreased 23% to $12.3 billion. Net quarterly income plunged 63% to $290 million impacted by a sharp decline in PC sales, as well as restructuring charges. Earnings per share slumped to 15 cents from 38 cents a year-ago quarter.
123jump.com Staff
12 Jun, 2009
New York City
European markets are closed mixed as investors focused on the direction of euro and dollar and surmised that the current rally in stocks stretched. Volkswagen declined after the company cited weak global markets. Thomson SA in Paris surged on the hopes of debt restructuring.
123jump.com Staff
12 Jun, 2009
New York City
For weeks now investors have focused on the rally in commodities and a growing bearish sentiment against the U.S. Treasuries and the dollar. Dollar gained and commodities prices declined. BlackRock agreed to pay $13.5 billion for investment unit of Barclays.
Darlington Musarurwa
12 Jun, 2009
New York City
BlackRock agreed to acquire Barclays investment management unit for $13.5 billion. Barclays will record $8.8 billion in capital gains and lift its core capital ratio to 8%. Barclays and other banks will provide $2 billion in financing.
123jump.com Staff
12 Jun, 2009
New York City
Stocks in Japan closed higher after investors accumulated financials, retailers and industrial companies. Consumer confidence in May reached to eight-month high. Financial closed higher on earnings revisions from brokers. Nikkei 225 Average is now up 10% for the year.
Mayank Mehta
12 Jun, 2009
New York City
Ameriprise completed its 36 million shares public offering. Hartford Financial declined after it agreed to receive $3.4 billion in TARP funds and raise $750 million in an offering. BlackRock agreed to acquire Barclays investment management unit for $13 billion. E*Trade surged.
123jump.com Staff
12 Jun, 2009
New York City
In India, industrial production rose in April on a rise in manufacturing and electricity output. Yield on 10-year bond increased to 6.94% and State Bank of India estimated 4% of loan portfolio in restructuring.
123jump.com Staff
11 Jun, 2009
New York City
The bonds yields declined after better than expected interest from international investors during the 30-year $11 billion bond offering. Bank of America chief cited pressure from the U.S. as one of the reason to complete the Merrill Lynch deal.
123jump.com Staff
11 Jun, 2009
New York City
UK stocks rebounded after talks of economic recovery lifted trading sentiment. Banks closed higher. After the release of earnings Chapelthorpe plunged 10% and Charles Stanley dropped 5%.
Darlington Musarurwa
11 Jun, 2009
New York City
U.S. stocks rallied after retail sales increased for the first time in three months. Unemployment claims declined to the lowest in six months. Vulcan Materials plunged on stock offering and dividend cut. Bank of America, Regions Financial and Fifth Third Bank led gainers.
123jump.com Staff
11 Jun, 2009
New York City
Japan first quarter GDP decline was revised to 14.2% from 15.2% on lower decline in capital spending. Stocks that are expected to benefit from the cyclical recovery in the economy closed higher. Steelmakers surged with Nippon Steel, Kobe Steel and JFE leading gainers.
123jump.com Staff
11 Jun, 2009
New York City
Wholesale inflation in India at the end of May dropped to 0.13% and stocks closed lower after rallying for thirteen weeks. State controlled oil refining and marketing companies fell after crude oil prices increased and IEA revised its demand for global oil demand.
