Mayank Mehta
05 Aug, 2009
New York City
Stocks in Japan edged lower on weak earnings from NTT, Nikon and Isuzu. Inpex, the crude oil refiner quarterly profit plunged 48%. Fast Retailing dropped after same store sales at one of its retail chains declined in July.
123jump.com Staff
05 Aug, 2009
New York City
Fresh Del Monte sales for the quarter were up marginally to $978.4 million but earnings rose 27% to $52.2 million pushed by industry wide shortage of bananas and higher prices. Earnings per share were 82 cents as against 66 cents in the year ago quarter.
123jump.com Staff
05 Aug, 2009
New York City
The casino operator net quarterly revenue declined 4.8% to $1.06 billion. Net quarterly income slumped 72% to $8.8 million. Earnings per share was 1 cent compared to 9 cents a year-ago quarter. The company estimates to generate $500 million in annualized savings through its cost savings programs.
Mayank Mehta
05 Aug, 2009
New York City
UK manufacturing output increased in June but declined in the quarter. Service index showed a slow and steady expansion. F&C Asset Management reported loss in the first-half. Ukraine based iron ore miner, Ferrexpo plc surged after reporting lower than expected profit decline.
Mayank Mehta
05 Aug, 2009
New York City
Whole Foods Market led gainers in the S&P 500 index with a rise of 19.6%. BMC Software posts first quarter profit gain. China based Ctrip.com net profit surged 33% in second quarter. RBC Bearings first quarter results miss expectations.
Mayank Mehta
05 Aug, 2009
New York City
Mumbai stocks hovered near 14-month highs on earnings momentum. Axis Bank prepared to raise more than $1 billion from international investors. Hindustan Construction increased on a large new order. Reliance Infrastructure led consortium was awarded Mumbai Metro Rail project of $2.2 billion.
123jump.com Staff
04 Aug, 2009
New York City
Fourth quarter revenue for the online credit card processor grew 17% to $402 million but profit fell 8% hurt of higher expenses and unfavorable FX to $37.6 million. Earnings per share were 46 cents compared to 50 cents in the year ago quarter.
123jump.com Staff
04 Aug, 2009
New York City
U.S. investors bid stocks higher as home sales sustain the momentum for the fifth month. Caterpillar positive comments also boosted the sentiment. PepsiCo agreed to acquire two bottlers for $7.8 billion. BMW reported quarterly loss and Toyota lowered its estimate of annual loss.
Trupti Mehta
04 Aug, 2009
New York City
BMW reported net quarterly loss and indicated no change in weak outlook for the year. Bauer AG dropped 8% after net income plunged 43%. Beiersdorf AG earnings fell on weak industrial demand. Fresenius Medical reiterated annual earnings and sales outlook.
123jump.com Staff
04 Aug, 2009
New York City
Lending tightening by China to curb speculative home lending appear to yield results as prices in the four large cities declined for the first time in seven months in July. Chinese regulators are also likely to tighten capital reserve calculations to curb lending. Resource stocks rose in Hong Kong.
Mayank Mehta
04 Aug, 2009
New York City
Toyota lowered annual loss estimate and revised higher annual unit sales. Yamaha plunged after it estimated sharply higher annual loss. Idemitsu Kosan, the crude oil refiner sales fell and reported net loss in the quarter.
Mayank Mehta
04 Aug, 2009
New York City
Standard & Chartered declined after it plans to raise capital
Mayank Mehta
04 Aug, 2009
New York City
PPL Corporation led the decliners in the S&P 500 index with a loss of 9.0%. Cognizant surged after it lifted its third quarter revenue and earnings outlook. D.R. Horton, Inc reports third quarter loss. CVS Caremark second quarter revenues increased 18% and net income gained 15%.
Mayank Mehta
04 Aug, 2009
New York City
Stocks in Mumbai trading declined from fourteen-month high. Earnings dominate trading sentiment. HCL Infosystems gains after winning new orders. Sical Logistics and Mitsui OSK in a joint venture to manage auto shipment port in Southern India. Tata Motors gain on monthly sales rise.
123jump.com Staff
04 Aug, 2009
New York City
The software company reported revenue declined 17% to $13.10 billion in the quarter. Net quarterly profit slumped 29% to $3.05 billion impacted by weakness in the global PC and server markets. Earnings per share dipped to 34 cents from 46 cents a year-ago quarter.
