Mayank Mehta
04 Feb, 2010
New York City
Mumbai stocks declined after NTPC secondary offering drew fewer than expected bids and 3G license auction is delayed till the end of March. Investors worried that government may face difficulties in keeping the deficit in control. Automakers declined on a higher tax proposal.
Mayank Mehta
04 Feb, 2010
New York City
European Central Bank left its key lending rate at 1% and also hoped that the decision needed to reach 3% deficit target set for Greece will be followed. Market indexes in every member nation in the euro zone declined between 2% and 6%. Banco Santander plunged 9%.
123jump.com Staff
04 Feb, 2010
New York City
Every benchmark index in 30 nations declined today. Spain led the world market sell-off with a plunge of 6% followed more than 4% losses in Brazil, Portugal, Greece and Argentina. Indexes in the U.S., Canada, Germany, France and UK declined at least 2%. Gold, copper and crude oil tumbled 4%.
Mayank Mehta
04 Feb, 2010
New York City
The UK benchmark index dropped more than 2% after a rise in jobless claims in the U.S. Bank of England left its key lending rate at 0.5% and ended the program to support government printing money to revive the economy. Vodafone lifted cash flow outlook. Unilever sales growth slowed.
Mayank Mehta
04 Feb, 2010
New York City
Starwood Hotels & Resort led gainers in the S&P 500 index with a rise of 8.3%. Ameriprise returns to profit on higher fees. International growth boosts Yum Brands. Visa quarterly net income jumps 33%. MasterCard plunges. Same store sales and outlook lifts Gap, Macy
123jump.com Staff
04 Feb, 2010
New York City
European market indexes and the euro were under pressure after investors worried that Spain and Portugal have not done enough the meet EU deficit requirements. The benchmark index in Portugal dropped 4.2% and in Spain declined 3.5%.
123jump.com Staff
04 Feb, 2010
New York City
Berkshire Hathaway filed to sell $8 billion in debt to fund its purchase of Burlington Northern Santa Fe. Berkshire is using cash new stock and debt to acquire its largest purchase in four decades and spend $26 billion.
123jump.com Staff
04 Feb, 2010
New York City
U.S. stocks turned lower after the weekly jobless claims in last week increased 8,000 to 480,000. Non-farm business productivity surged 6.2% in the fourth quarter and increased 5.1% over the last four quarters, the largest increase since 2002.
123jump.com Staff
04 Feb, 2010
New York City
Valero Energy reported 2009 fourth quarter net loss of $1.41 billion or $2.51 a share on earnings of $18.87 billion as against net loss of $3.28 billion or $6.36 a share in the year-ago quarter. The narrower loss was due to cost reduction initiatives and improved revenues.
123jump.com Staff
04 Feb, 2010
New York City
The package delivery company reported revenue declined 2.5% to $12.38 billion in the quarter. Net quarterly income soared 198% to $757 million. Earnings per share rose to 75 cents from 25 cents a year-ago quarter. The company estimates earnings per share between $2.70 and $3.05 for 2010.
Mayank Mehta
03 Feb, 2010
New York City
Stocks in Mumbai traded higher after foreign investor continue to pour new funds into stock market. 2009 new fund flows of $18 billion exceed the previous high of 2007. Hindustan Dorr-Oliver looks to expand in nuclear power plant business. INOX buys 43.2% stake in Fame India.
Darlington Musarurwa
03 Feb, 2010
New York City
Australian trade deficit widens in December as imports increase faster than exports. Federal court rejected CSR plan to spin-off its sugar unit. Australia
Mayank Mehta
03 Feb, 2010
New York City
Stocks in Hong Kong closed higher tracking gains in the U.S. Cnooc Ltd surged after it indicated as much as 27% increase in crude oil and natural gas production. Metallurgical Corp of China Ltd. may take as much as 5% for $200 million in Australia based Resourcehouse.
123jump.com Staff
03 Feb, 2010
New York City
Stocks in U.S. and Europe declined after weaker than expected growth in service sector. Commodities closed lower with copper and zinc down more than 3% as the dollar gained. Imperial Capital Group postponed its $115 million initial public offering.
Darlington Musarurwa
03 Feb, 2010
New York City
Tokyo stocks edged higher at close. Earnings at Honda, Mitsubishi UFJ, Takeda Pharmaceuticals and Kobe Steel drove stocks in Tokyo higher. Toyota sales declined 16% in January in the U.S. and expanded its product recall to Japan.
