123jump.com Staff
02 Oct, 2009
New York City
The U.S. job market continues to signal weakness as more people job loss in September. September non-farm payroll declined 263,000 and unemployment rate increased in the month to 9.8% from 9.7% in August. Construction, manufacturing and retail trade led the declines.
123jump.com Staff
01 Oct, 2009
New York City
U.S. stocks dropped across sectors as nervous investors doubted the health of the economic recovery. Weak job market and manufacturing gave impetus to the market decline. Technology heavy Nasdaq index dropped 3%.
Mayank Mehta
01 Oct, 2009
New York City
European markets edged lower between 1% and 2% after rising at the sharpest pace in the third quarter in ten years. Lufthansa AG is in talks to acquire 20% stake in UK based airline BMI held by SAS. Euro traded lower as central bankers talk up dollar.
Mayank Mehta
01 Oct, 2009
New York City
UK stocks decreased after a manufacturing index showed a decline in activities in September. BAE Systems may be fined several million pounds on allegation of new contract bribery in EU and Africa. Dominos Pizza UK delivered better than expected earnings.
Mayank Mehta
01 Oct, 2009
New York City
Microsoft fell after Goldman Sachs cautioned on fiscal first quarter earnings. Comcast declined and the cable network operator denied that it is in talks to buy NBC Universal stake. MetroPCS fell on a downgrade. Penske Automotive dropped after it ended talks with GM.
123jump.com Staff
01 Oct, 2009
New York City
U.S. stocks declined after weak manufacturing report and rising unemployment claims put investors on an alert. Microsoft decreased after Goldman removed the company from its recommendation list. Euro declined and German retail sales fell 1.5% in August.
123jump.com Staff
01 Oct, 2009
New York City
Weak manufacturing report sent another alert to investors that the pace of U.S. economic recovery is likely to be weak. Manufacturing activity expanded but at a slower pace in September. Construction spending increased in August and weekly jobless claims advanced.
123jump.com Staff
30 Sep, 2009
New York City
Bank of America chief executive Kenneth D. Lewis offered his resignation to the board. The board has still not selected a successor. Bank of America has received three government bailout totaling $45 billion and $118 billion of asset guarantees.
Mukesh Buch
30 Sep, 2009
New York City
The three popular indexes gained around 15% in the third quarter and several European indexes closed up between 15% and 23%. Australia index surged 20% and the benchmark added 17% in India. The Shanghai index fell 6.1%. in the quarter. Gold added 8.7% in the third quarter.
123jump.com Staff
30 Sep, 2009
New York City
Bharti Airtel and MTN Group agreed to shelve their merger talks after two companies and South African government failed to agree on management structure. MTN Group stock is expected fall and rand in local trading decreased 2.5%.
Mayank Mehta
30 Sep, 2009
New York City
The benchmark index Sensex 30 close above 17,000 as investors focused on upcoming earnings season. India is facing the driest monsoon season in the last 37 years. Financial Technologies Ltd plans to raise 1,500 crore rupees. Oil India Ltd traded up 10% in its first day of trading.
Mayank Mehta
30 Sep, 2009
New York City
Austria, Ireland and Milan led the regional benchmark index gains in the third quarter. German seasonally September unemployment increased 10,000. Bayer was among the leading decliners on a brokerage downgrade and negative results of the initial trials of anti-breast cancer drug.
123jump.com Staff
30 Sep, 2009
New York City
The UK benchmark index closed lower but surged 20.8%, its best quarterly gain since 1984. The index has gained 46% since its low in March and is below 5.2% from a year ago. Marks & Spencer fell on cautious outlook. Hays dropped on regulatory fine. Man Group assets under management increased.
Mayank Mehta
30 Sep, 2009
New York City
Ameriprise surges after it agreed to acquire Columbia Asset Management from Bank of America for as much as $1.2 billon. CIT plunged 30% after it cited the possibility of bankruptcy filing. Darden Restaurants fell after quarterly sales declined. Hoku Scientific soared on China investment.
123jump.com Staff
29 Sep, 2009
New York City
Japan stocks are likely to trade weak as the yen hovers near its high for the year. Consumer price index decreased in August from a year ago. The comment from Finance Minister on strong yen policy failed to sway the market sentiment. Tokyo Motor Show is scheduled to open with record low exhibitors.
