123jump.com Staff
17 Feb, 2010
New York City
Lear Corp fourth quarter net sales were $2.7 billion with 68% coming from outside North America. Fourth quarter pre-tax income was $1.26 billion against a loss of $683 million in year ago quarter reflecting structural reorganization following chapter 11 filing leading to fresh start accounting.
123jump.com Staff
17 Feb, 2010
New York City
Revenues up 41% to $17.9 billion & net income was $1.3 billion or $1.75 a share. Operating margins were 9.8% reflecting good overall performance. Team delivered operating margin of 11.1% in the 3rd quarter driven by strong executions across its production & services programs & favorable delivery mix
Darlington Musarurwa
16 Feb, 2010
New York City
Stock in Japan closed nearly unchanged and service industry shrank in December. Banks receive 20,000 applications under debt moratorium law. The Japanese government and the Bank of Japan agree on the inflation target of 1%.
Darlington Musarurwa
16 Feb, 2010
New York City
Australian stocks closed higher after Westpac reported better than expected earnings. Westpac first quarter earnings surged 33%. Foster
Mayank Mehta
16 Feb, 2010
New York City
WellPoint, Inc led the decliners in the S&P 500 index after reaffirmed its 2010 earnings outlook, lower than expected. Abercrombie & Fitch earnings falls 31%. Kraft Foods sales increase 3%. PMI loss widens and loans in default continue to rise. Teva swings to profit. Terra Industries surges.
123jump.com Staff
16 Feb, 2010
New York City
U.S. indexes surged at least 1.4% after manufacturing expanded in New York region. European indexes jumped more than 1.5% after Barclays reported higher earnings. Russian index soared 3%. Crude oil, gold and copper advanced. U.S. Treasury yields edged lower.
Mayank Mehta
16 Feb, 2010
New York City
European market indexes closed higher on the rising sentiment and commodities prices. Greek bond yields spreads to German bonds widened. Imerys SA profits take a hit. L''Oreal SA fall 3.7% after fourth quarter sales miss forecasts. Clariant AG annual loss widened.
Mayank Mehta
16 Feb, 2010
New York City
The UK benchmark index closed higher after commodities prices increased. Barclays PLC 2009 earnings doubled on a sale of iShare division. Devro Plc full-year profit rises on improved collagen casing demand. Premier Foods returns to profit. InterContinental Hotels cautious as profits fall.
Darlington Musarurwa
16 Feb, 2010
New York City
Simon Property Group made its offer of $10 billion for General Growth Property Group public after directors held out for better options. Simon offered to pay unsecured creditors in full and the mall developer said the deal is not open-ended and has financing in place.
123jump.com Staff
16 Feb, 2010
New York City
Kellogg Co fourth quarter net sales remained nearly the same as the previous year and net income dropped only by 1.7% to $176 million despite some disruptions in Eggo Waffle supplies. Earnings per share were $0.46 against $0.47 in the prior year quarter.
Mayank Mehta
15 Feb, 2010
New York City
European markets edged higher as investors focused on earnings and awaited the details of Greece bailout. Yara International agreed to acquire Terra Industries for $4.1 billion. Man SE reported first loss in twenty years on sales. Pernod Ricard sells selected local nordic brands for
Mayank Mehta
15 Feb, 2010
New York City
UK stocks closed higher and commodities declined in London trading. BAE Systems Plc declined 1% after it wrote down its Armor Holdings unit assets. British Air Plc gained after the U.S. regulators approved One World Alliance to set prices and schedule flights.
123jump.com Staff
15 Feb, 2010
New York City
Bharti Airtel Ltd is in exclusive talk to acquire African assets from Zain or Mobile Telecom of Kuwait that may lead to $10.7 billion. The deal talks may face hurdle after Nigerian assets are likely to be excluded and shareholders find the purchase price too rich.
123jump.com Staff
15 Feb, 2010
New York City
Markets in Japan, India and Australia were on the defensive after Japan reported a sharp drop in prices. Sumitomo offered 55% premium to increase its stake in Jupiter Telecom. Resurgent inflation in India dragged market indexes. Bharti Airtel drops on expensive bid of $10.7 billion for African assets of Zain.
Mayank Mehta
15 Feb, 2010
New York City
Wholesale inflation index in January rose to a high last seen fifteen months ago on a rise in food and energy prices. Weak monsoon and government stimulus have added to the inflation forces. Bharti Airtel drops nearly 9% after the company gets closer to acquire African business from Kuwait Mobile.
