123jump.com Staff
14 Oct, 2008
New York City
Japan stocks soared in the largest one-day gain in nearly 40 years after dropping to a 16-year low. European government took agressive steps to support banking system. Germany, Spain, France and Holland agreed to commit $1.6 trillion. UK will spend $65 billion to take direct stakes in banks.
123jump.com Staff
14 Oct, 2008
New York City
Whitbread, the hotel and restaurant group revenue in the first half rose 12% to
123jump.com Staff
14 Oct, 2008
New York City
UK government plans to float additiional debt to pay for the cost of the latest bailout of four banking institutions. The short-term gilts and Treasurys will raise a total of
123jump.com Staff
14 Oct, 2008
New York City
U.S. stocks declined after weaker than earnings from PepsiCo unnerved investors. Analysts lowered their outlook for the tech sectors but after the close Intel reported better than exepcted third quarter earnings. Metals and mining companies fell. Financials gained on $250 billion Treasury action.
123jump.com Staff
14 Oct, 2008
New York City
Financials gained after the U.S. Treasury injected $250 billion in nine largest financial institutions. XL Capital rebounded after the chairman was forced to meet margin call. Johnson & Johnson rose on 30% rise in earnings. Pepsi fell on 9% drop in third quarter earnings.
123jump.com Staff
14 Oct, 2008
New York City
General Electric reported third quarter earnings of $4.5 billion or 45 cents a share. The company completed investment in Weather Channel, purchase of Citi Commercial, sale of GE Money in Japan and partnership with Mubadal in UAE. The company estimated $20 billion earnings in the year.
123jump.com Staff
14 Oct, 2008
New York City
U.S. Treasury pressured nine large banks to accept $125 billion in exchange of stakes that will limit executive pay and collect dividend and invest $125 billion in smaller banks. The Treasury action is in sharp contrast to the promise of investing in battered securities owned by banks.
123jump.com Staff
13 Oct, 2008
New York City
Stocks in Australia rose after the government extended deposit guaratees to all bank deposits. The unprecedented move helped lower interbank loan rates and lifte stocks. European government plan to offer 1.16 trillion euros to resuce banks also weighed on the market. Oil and metals prices gained.
123jump.com Staff
13 Oct, 2008
New York City
Hong Kong and Shanghai stocks rose sharply after European governments offered to support bank loans and interbank lending. Hopes of HK intervention to bolster stocks were rife after a suggestion of a similar action by a top regulator.
123jump.com Staff
13 Oct, 2008
New York City
UK stocks surged after the European goverments took aggressive steps and offered $1.7 trillion in capital to loan to banks and take direct stakes as well. The broad action emerged after a meeting of European leaders in Washington and in Paris. UK also took stakes in RBS, HBOS and Lloyds TSB.
123jump.com Staff
13 Oct, 2008
New York City
Stocks in New York surge more than 11% in the largest one-day gain since 1939 on the hopes that
123jump.com Staff
13 Oct, 2008
New York City
Banks traded sharply higher after European government announced a bank bailout plan of $1.8 trillion. The huge fiscal support lifted markets in Europe, New York and Asia. Apple surged. Insurance companies rallied. Steel, mining and energy companies gained on a rise in metals and oil prices.
123jump.com Staff
13 Oct, 2008
New York City
European leaders after a weekend of discussions offered national plans to support banks and also take direct stakes in banks that will wipe out many shareholders. The European governments offered
123jump.com Staff
13 Oct, 2008
New York City
Stocks in Europe surge 11%, in Asia close up 7% and in New York soar 6%. European governments decided to inject large sums of capital in banks and banking system. Crude oil price rebound 4% lifting the energy complex stocks around the world. Banks rise in the U.S. and Europe. UK banks trade mix.
123jump.com Staff
13 Oct, 2008
New York City
Mitsubishi UFJ completed its purchase of 21% stake in Morgan Stanley after lowering the conversion price of the convertible stock to $25.25. The stock pays 10% dividend. It is not clear if Mitsubishi UFJ will be given shares if Morgan Stanley stock falls further or raises capital at a lower price.
