123jump.com Staff
12 Mar, 2010
New York City
Sales fell 4.5% to $936 million & net income fell 30.5% to $47.5 million or 53 cents a share. Gross margin rate was 63.5% down 110 basis points & within the guidance range given at the beginning of the quarter. gross profit rate was 63.5%, down 110 basis points from last year
123jump.com Staff
11 Mar, 2010
New York City
U.S. stocks struggled after a raft of economic data. Weekly jobless claims barely budged, trade deficit declined in January and foreclosure notices remain elevated. Commodities markets feared crackdown after China reported a rise in inflation and industrial production.
Mayank Mehta
11 Mar, 2010
New York City
Cabinet Office revised the estimate of the last quarter gross domestic product lower to 3.8% from 4.6%. However, the current quarter estimates may be revised higher after Chinese production accelerated in February. Japanese steelmakers are bracing for 90% increase in iron ore prices from Brazil.
Mayank Mehta
11 Mar, 2010
New York City
UK stocks edged lower but traded near two-year high. BP Plc agreed to acquire portfolio of energy blocks from Devon Energy Corp for $7 billion. J D Wetherspoon plc reinstates dividend. William Morrison Supermarkets issued cautious outlook.
Mayank Mehta
11 Mar, 2010
New York City
European markets closed lower and the Swiss National Bank left its key lending rate unchanged at 0.25%. Volkswagen said unit sales in the first two months in a year surged 27% from a year ago and is seeking to raise
Mayank Mehta
11 Mar, 2010
New York City
Hot Topic quarterly profit declined on weak sales and Men
123jump.com Staff
11 Mar, 2010
New York City
U.S. stocks traded sideways and January trade deficit declined on the smallest import of crude oil since 1999. Weekly jobless claims fell by 6,000. Devon Energy agreed to sell its international assets of gas and oil fields to BP Plc for $7 billion.
Mayank Mehta
11 Mar, 2010
New York City
Stocks in Mumbai closed higher in the final fifteen minutes of trading. The wholesale inflation in the previous week was recorded at elevated level but larger crops of lentils and sugarcane is expected to make a dent in inflation. Russia and India are expected to sign nuclear reactor contract.
Mayank Mehta
11 Mar, 2010
New York City
China reported a rise in inflation and industrial production in February driven by economic stimulus and seasonal factors. Inflation gained for the fifth month in a row and 16-month high. New loans declined to $103 billion but ahead of the 22% annual increase target set by the central bank.
123jump.com Staff
11 Mar, 2010
New York City
Revenues up 5.4% to $296.9 million & net profit fell 26% to 34.6 million or 16 cents a share. Adjusted operating income margin for the 4th quarter would have been 21.5% versus 20.8% the previous year quarter. Adjusted operating income stood at $55 million. Full year revenue up 7.6% to $1.12 billion.
123jump.com Staff
11 Mar, 2010
New York City
The junk car auctioneer second quarter revenue increased by 4% to $176.6 million and net profit zoomed by 32% helped by higher revenue and improved margins. Earnings per share were $0.42 against $0.32 in the year ago quarter.
123jump.com Staff
10 Mar, 2010
New York City
U.S. stocks barely closed up on the tenth anniversary of tech bubble collapse. The Nasdaq index is down 55% in the period. Investors bid up financials after Citigroup completed $2 billion offering and bond investors supported other offerings totaling $7 billion a day ago.
Mayank Mehta
10 Mar, 2010
New York City
China
Mayank Mehta
10 Mar, 2010
New York City
European markets closed higher on improved global economic expectations, merger activities and an increase in production in France and Italy. Munich Re fourth quarter profit jumps. Fortis gains after it said it will resume dividend payment.
Mayank Mehta
10 Mar, 2010
New York City
Factory production index in January declined, a fall for the first time in five months. Tullett Prebon surged on buyout talks. F&C Asset Management swings to net profit in 2009. Laird Plc dropped 9% on a yearly loss.
