123jump.com Staff
14 Jul, 2009
New York City
The discount retailer net quarterly sales rose 8.3% to $1.84 billion on comparable store sales growth of 6.2%. Net quarterly income increased 35.5% to $87.7 million propelled by strong consumables category performance. Earnings per share surged to 62 cents from 46 cents a year-ago quarter.
Mayank Mehta
14 Jul, 2009
New York City
CIT Group Inc led gainers in the S&P 500 index with a rise of 24.4%. Bank of the Ozarks, Inc second quarter net up 10%. The Goldman Sachs Group second reported quarter net and compensation surges. Novellus Systems second quarter net loss.
Mayank Mehta
14 Jul, 2009
New York City
Australian stocks recorded single day best gain in the last seven months on a global rally in stocks and optimism of better earnings. However, trading volumes were thin. Energy Resources, the largest uranium miner reported 44% increase in output. Cochlear plunged declined 4% after earnings.
Trupti Mehta
14 Jul, 2009
New York City
Goldman Sachs reported second quarter revenues surged 46% to $113.76 billion and net earnings soared 89% to $3.45 billion. The corporations around the world took opportunity to raise capital in stocks and debt offering lifting underwriting revenues in the quarter.
Trupti Mehta
14 Jul, 2009
New York City
Stocks in Mumbai trading rebounded on the rainy forecast and firmer global markets. Energy and metals sectors and stocks in banking gained in trading. HDFC Bank and State Bank of Bikaner & Jaipur advanced on earnings. Aban Offshore surges on Morgan Stanley recommendation.
Mayank Mehta
13 Jul, 2009
New York City
European markets closed higher on the back of rally in banking and steelmaker stocks in Germany and France. Banks surged on the hopes that the U.S. banks earnings this week in New York will be better than expectations. Thyssen Krupp, Salzgitter, ArcelorMittal jumped. Philips gained on earnings.
123jump.com Staff
13 Jul, 2009
New York City
U.S. stocks surged on the optimism that tech stocks and banks will reported better than expected earnings. Goldman Sachs is expected to report higher than estimated earnings on sharply higher trading revenues. Japan scheduled national election on August 30.
Trupti Mehta
13 Jul, 2009
New York City
UK stocks closed higher after merger talks heated up and stocks in New York closed up on the speculation that Goldman Sachs is likely to report profit that will match its record in 2007. Friends & Provident surged on a bind from Resolution that the insurance company rejected.
Mayank Mehta
13 Jul, 2009
New York City
CIT Group led decliners in the S&P 500 index as the company faces prospects of bankruptcy. Expeditors International estimated substantially lower quarter earnings. American Dairy, China based milk powder producer and distributor plunged 40% after the company estimated revenues below expectations.
123jump.com Staff
13 Jul, 2009
New York City
The restaurant operator quarterly revenue dipped 7.1% to $317.2 million on same-restaurant sales fall of 3.2%. Net income increased 3.7% to $14.4 million in the quarter. Earnings per share rose to 28 cents from 27 cents the prior-year quarter.
Mukesh Buch
13 Jul, 2009
New York City
Stocks in HK and Shanghai declined after the Central bank in Beijing sounded cautionary note on the recent rise in bank loans. Exports in June fell 21.4% and trade surplus plunged 40%. Chaina Eastern and Shanghai Airlines announced merger plan. Chigo Group completed initial public offering in HK.
Mukesh Buch
13 Jul, 2009
New York City
The ruling LDP party in Japan faces uphill task on the election scheduled on August 30. The opposition party DPJ controls the upper house of the National Diet and is favored to win the election. Stocks fell on the election uncertainty. Kirin and Suntory are reported in merger talks.
Mayank Mehta
13 Jul, 2009
New York City
Australian stocks closed lower as the ongoing controversy between China and Australia heats up. China has arrested Rio Tinto staff under the charges of espionage and bribery related to iron ore price negotiations. Rio Tinto dropped 3.6%. Virgin Blue denied that it is planning to raise A$400 million.
123jump.com Staff
13 Jul, 2009
New York City
Stocks in Mumbai closed lower as markets in Asia fell. The uncertainty related to monsoon rains dragged auto and consumer stocks. IT services stocks rallied for the second day in a row on better than expected outlook from Infosys. Rupee closed at 49.14 to a dollar.
123jump.com Staff
12 Jul, 2009
New York City
The India-based consulting and IT services provider total quarterly revenue declined 3.4% to $1.12 billion. Net income increased 1.6% to $313 million in the quarter. Earnings per share rose marginally to 55 cents from 54 cents a year-ago quarter.
