123jump.com Staff
01 Feb, 2010
New York City
President Obama proposed $3.8 trillion budget for fiscal 2011. The shortfall in the year is estimated at $1.6 trillion or 10.6% of gross domestic product, the largest in 54 years. The plan calls for additional taxes of $800 billion and stimulus of $100 billion. Bond yields closed higher.
Mayank Mehta
01 Feb, 2010
New York City
Auto sales in January surge in India. Maruti Suzuki sales increased 33% and Mahindra & Mahindra sales surged 70%. Hathway Cable & Datacom Ltd plans offer 27.8 million shares in a public offering. Reliance Communications, Titan Industries and Procter & Gamble close higher on earnings.
Mayank Mehta
01 Feb, 2010
New York City
European market indexes closed higher. In a class action law suit in New York City, federal jury found Vivendi SA misled investors several times in three years to 2002. Russia
Mayank Mehta
01 Feb, 2010
New York City
The UK benchmark indexes closed higher. Home prices increased in January, sixth monthly increase in a row. Northumbrian Water Group Plc soared on the speculation that Canada based pension fund is likely to bid for the company. Ryanair Holdings Plc gained 7% after it lifted full year outlook.
Mayank Mehta
01 Feb, 2010
New York City
Gannett Co., Inc led the decliners in the S&P 500 index with a loss of 10% on a revenues decline of 14%. Amazon.com declined after it reversed its stance and allowed Macmillan to charge higher prices for digital books. Sysco second quarter beats earnings estimates. Ford Motor Company trades higher.
123jump.com Staff
01 Feb, 2010
New York City
Stocks traded higher after manufacturing expanded in January and the dollar advanced. Commodities traded mixed. Exxon gained on better than expected earnings. Gannett Co plunged 10% after revenues declined 14%.
123jump.com Staff
01 Feb, 2010
New York City
Indexes in Europe and Asia declined on the worries that further tightening by China will affect global commodities markets. Copper, tin and gold declined. Tenaris SA dropped on weak revenues. Vivendi SA declined on a jury verdict. Ryanair increased on smaller than expected loss.
123jump.com Staff
31 Jan, 2010
New York City
Sales fell 10.3% to $3.13 billion and net income rose 29.4% to $211 million or $1.25 a share. Strong continued margins in this business, 15.2% in the quarter. Operating EPS declined by 62%. This is compared to 2008. Then the change in operating EPS came down by some 72%.
123jump.com Staff
31 Jan, 2010
New York City
Revenues fell 11% to
123jump.com Staff
31 Jan, 2010
New York City
Revenues fell 39% to $7.9 billion & net profit fell 65% to $232 million or 36 cents per diluted share. Machinery and Engines operating cash flow was about 3 billion in 2009. Redundancy costs should be favorable compared with 2009. While redundancy costs were $706 million in 2009.
123jump.com Staff
01 Feb, 2010
New York City
Revenues rose 44% to $1.24 billion and net income was $340 million or $1.45 per diluted share. Q4 product gross margin of 44% on a GAAP basis and 45% on a non-GAAP basis was higher than we had anticipated due to less price decline and stronger cost reduction which was 20% per gigabyte.
123jump.com Staff
01 Feb, 2010
New York City
Revenues fell 3% to $377.9 million and net income was $53.3 million or 38 cents per diluted share. The company has strong capital position with cash balances of $1.4 billion and a comfortable leverage position. core operating performance exceeded our budget by $0.025 per share.
123jump.com Staff
01 Feb, 2010
New York City
The search engine reported quarterly revenue declined 4% to $1.73 billion. Net quarterly income was $153 million helped by the gradual improvement in online advertising and lower operating expenses. The company earned 11 cents a share compared to a loss of 22 cents a share a year-ago quarter.
123jump.com Staff
30 Jan, 2010
New York City
Revenues fell 5.2% to $238.5 million and net income was $15.3 million or 24 cents per diluted share. Gross margin increased 180 basis points to 41.8% compared with 40% in the prior-year period. Cash and investments position was $46.4 million compared with $51 million a year ago.
123jump.com Staff
31 Jan, 2010
New York City
The largest railroad operator in North America reported a 12% drop in revenue to $3.75 billion and a 16.6% drop in net income to $551 million due to recession which was offset to some extent by lower expenses. Earnings per share came in at $1.08 as against $1.31 in the prior year period.
