123jump.com Staff
24 Feb, 2009
New York City
U.S. stocks fell sharply despite a surge in banks. The ongoing discussion between Citigroup and the U.S. Treasury only highlights the fragile nature of the U.S. banking system. The Treasury action, though welcome is not likely to solve the problem of distressed loans.
123jump.com Staff
23 Feb, 2009
New York City
Security software maker quarterly revenues increased 19% to $424 million and net income surged 273% to $45 million in the quarter. Earnings per share rose to 29 cents from 7 cents a year ago quarter. The company estimates earnings between 20 cents and 24 cents a share in the first quarter of 2009.
123jump.com Staff
23 Feb, 2009
New York City
XL fourth quarter net loss increased 17.2% to $1.43 billion on operating income of $189.5 million. Earnings per share declined to $4.36 from $6.88 in the quarter a year ago. The company took a goodwill charge of $990 million of which $975 million was related to Mid Ocean acquisition.
123jump.com Staff
23 Feb, 2009
New York City
European market indexes closed lower despite an attempt by financial stocks to rally failed to lift indexes and sector stocks. Banks and auto led the decliners in Germany and France. Renault debt rating was lowered. France will invest capital to support the merger of two largest savings banks.
123jump.com Staff
23 Feb, 2009
New York City
Stocks in UK and in Europe declined as persistent worries related banking sector remain on top of investors list. Northern Rock reports a loss of
123jump.com Staff
23 Feb, 2009
New York City
Fifth Third Bancorp led gainers in the S&P 500 index with a rise of 41.5%. Campbell Soup Company second quarter profits fall 15%. Developers Diversified Realty Corporation slips to loss in fourth quarter. Broker views lifted Motorola and Expedia but ArcelorMittal falls.
123jump.com Staff
23 Feb, 2009
New York City
Stocks in Hong Kong closed higher on the speculation that the U.S. may increase its stake in the troubled lender Citigroup. The benchmark index in jumped 3.8% and in Shanghai increased 3.4%. Macao gambling revenues in January declined 5.3%. Gold in the region traded above $1,000 price.
123jump.com Staff
23 Feb, 2009
New York City
Stocks in Tokyo declined on active trading after SFCG filed for bankruptcy, the largest bankruptcy by a publicly traded company in seven years. In Tokyo trading Nikkei 225 index fell 0.5%. The convenience store sales increased 7% in January on rising sales of tobacco.
123jump.com Staff
23 Feb, 2009
New York City
Stocks in Australia dropped on negative earnings outlook from Fairfax Media and a loss estimate from BlueScope Steel. In Sydney, ASX 200 index lost 1.5%. The mining giant, BHP Billiton reduced its headquarter count as the demand and prices of metals decline but operating costs remain high.
123jump.com Staff
21 Feb, 2009
New York City
The bakery caf
123jump.com Staff
20 Feb, 2009
New York City
World markets declined with persistent worries of bank nationalization in the U.S. and the size of the bailout of banks in Eastern Europe. Gold price crossed $1,000 an ounce and market indexes in Europe drop to five-year lows. Stocks in Japan drop to 24-year lows. Corporate earnings remain weak.
123jump.com Staff
20 Feb, 2009
New York City
European stocks fell on a weakness in financial stocks as the financial outlook deteriorated and prospect of another rate cut dimmed. A manufacturing and services survey in France showed that both sectors contracted at a rapid rate in February.
123jump.com Staff
20 Feb, 2009
New York City
UK stocks slumped after economic data and poor earnings confirmed that the economic slump was worsening. Car production slumped 59% in January, while home repossessions increased 54% last year. Retail Sales however recovered in January according to the Office for National Statistics.
123jump.com Staff
20 Feb, 2009
New York City
Citigroup Inc led decliners in the S&P 500 index with a slid of 19.1%. Chiquita Brands International, Inc posts sharply wider fourth quarter loss. Intuit Inc second quarter net falls 26%. JC Penney fourth quarter profit drops 51%.
123jump.com Staff
20 Feb, 2009
New York City
The beverage maker quarterly revenues decreased 3% to $7.13 billion and net earnings declined 18% to $995 million in the quarter. Earnings per share decreased to 43 cents from 52 cents a year ago quarter. The company generated a 4% increase in worldwide unit case volume.
