Darlington Musarurwa
15 Feb, 2010
New York City
Australian stocks followed the declines in commodities prices. BHP Billiton indicates higher prices for iron ore. BlueScope Steel realizes A$28 million loss in H1. Bendigo and Adelaide Bank profit doubles to A$104 million. AWB Ltd surges on a conditional class action lawsuit settlement.
Darlington Musarurwa
15 Feb, 2010
New York City
Stocks in Japan struggled on the worries that price decline may deepen. The GDP deflator in the last quarter to December dropped at the fastest pace in three decades by 3%. Quarterly GDP grew at 4.6% annual rate. Commodities and resource stocks dropped.
123jump.com Staff
13 Feb, 2010
New York City
Time Warner fourth quarter revenue rose by 2% to $7.3 billion riding on the spin off of Times Warner Cable and AOL and growth from film and television. Net profits were $627 million or $0.53 a share reversing the net loss of $16 billion or $13.41 a share in the prior year quarter.
Mayank Mehta
12 Feb, 2010
New York City
European markets declined after China increased bank reserve and investors await details of Greek bailout. Separately, Greece lowered its estimate of GDP in the first three quarters of 2009. Michelin earnings deflate on lower tire sales. ThyssenKrupp AG posts first profit in a year.
123jump.com Staff
12 Feb, 2010
New York City
The benchmark index in UK declined after a weakness in commodities and resource stocks. FTSE 100 index closed up for the first time after four weeks. New Look Group decided to postpone its initial public offering to raise as much as $1 billion.
123jump.com Staff
12 Feb, 2010
New York City
U.S. indexes recovered from their worst levels of the day. Oil, copper and silver decreased. Euro zone GDP expanded barely in the last quarter of 2009 indicating uneven recovery. China raised bank reserve requirements ahead of a weeklong holiday period.
Mayank Mehta
16 Feb, 2010
New York City
Stocks in Mumbai traded higher ahead of the government budget in two weeks. Bharti Airtel declined after it confirmed that it may pay $9 billion for Zain and assume $1.7 billion debt. Ballarpur makes $200 million bid for Malaysian papermaker.
123jump.com Staff
16 Feb, 2010
New York City
U.S. stocks and commodities traded higher and the dollar declined. Barclays earnings more than doubled in 2009. Citigroup, Goldman Sachs and Bank of America gained. Gold surges. U.S. Treasuries trade lower on the weak dollar. General Growth appears lukewarm to the $10 billion offer.
Mayank Mehta
12 Feb, 2010
New York City
S&P 500 index, the Dow and the Nasdaq declined more than 0.8%. Blue Nile dropped nearly 8% after it estimated lower than expected earnings. Buffalo Wild Wings plunged 12% after it reported lower than expected adjusted earnings. Miners and metals stocks fell on weak commodities.
123jump.com Staff
12 Feb, 2010
New York City
U.S. stock indexes dropped nearly 1%. January retail sales gained 0.5%. Commodities and resource linked stocks led the decliners after China increased bank reserve ratios unexpectedly. Euro declined. Chipotle Mexican Grill, Panera Bread and Cheesecake Factory advance.
123jump.com Staff
12 Feb, 2010
New York City
European markets traded mixed and the euro fell more than 1% against the dollar. Gross domestic product increased 0.1% in the fourth quarter in the euro zone and declined 4% in 2009. ThyssenKrupp AG first quarter sales declined 19%. Michelin SCA full year revenues fell 9.8%.
123jump.com Staff
12 Feb, 2010
New York City
Asian market indexes closed higher. Profit upgrades at several companies in Tokyo and the EU pledge to support Greece helped the indexes to advance. China lifted bank reserve ratios to curb lending boom. Markets in India were closed to celebrate Maha Shivratri.
Mayank Mehta
12 Feb, 2010
New York City
Stocks in Shanghai and Hong Kong closed higher ahead of the one week of holidays. China lifted bank reserve requirements by 0.5%. January power consumption surged 40% from a year ago and 2.7% from December. Commodities and resource stocks closed higher.
Darlington Musarurwa
12 Feb, 2010
New York City
Stocks in Tokyo trading close higher after Asahi Glass, Pacific Metals and GS Yuasa lift earnings estimate. Yamaha estimates better results in the current year. Consumer confidence rises in January. U.S. sales of Nintendo video-game console declines 31% in January. Kirin profit falls 39% in 2009.
Darlington Musarurwa
12 Feb, 2010
New York City
Australian stocks barely closed higher after weakness in the commodities prices in the late trading. Newcrest Mining first half net increased 14% from a year ago on 9% higher price of gold. Leighton Holdings first half profit soared 160%.
