Mayank Mehta
24 Sep, 2009
New York City
Home builders led the decliners in New York trading after the weak home sales report. A123 Systems surged 45% after it priced offering above its offer price range. Red Hat led gainers in the S&P 500 index on rising sales and earnings. Nomura fell after it plans to raise $5.6 billion. Paychex Falls.
123jump.com Staff
24 Sep, 2009
New York City
The battery developer A123 Systems increased the size of the offering and price to raise $378 million. The loss making company plans to build a Michigan facility to conduct most of its research & development. With more than 23 million shares changing hands, the stock surged 45% in the first hour.
123jump.com Staff
24 Sep, 2009
New York City
Home sales in August fell 2.7% after rising 7.2% in July. The sharp decline sales and prices occur as more foreclosed homes are dumped in the market and mortgage conditions remain tight. Home builders declined with Standard Pacific down more than 6%.
Mayank Mehta
24 Sep, 2009
New York City
U.S. stocks edged lower as investors digest latest home sales report and await signs of Fed pull back from its economic stimulus program. Jobless claims decreased 21,000 last week. A123 Systems prices its initial public offering above its initial pricing range.
123jump.com Staff
23 Sep, 2009
New York City
European markets closed mixed after commodities priced declined in the region. In the absence of any economic reports investors awaited rate decision in the U.S. and ratings revision from brokerages affected trading in stocks.
123jump.com Staff
23 Sep, 2009
New York City
U.S. stocks and commodities declined after Fed left its key lending rate range unchanged and searched for wider set of tools to sustain the economy. Real estate companies in UK, India, Australia and Hong Kong raise multi-million dollars to strengthen capital base.
Mayank Mehta
23 Sep, 2009
New York City
UK stocks traded lackluster and closed lower as crude oil prices declined. Burberry led gainers after positive comments from its chief. Home builders and real estate investment trusts were in focus after several companies including Barratt, Redrow and Liberty International raise
Mayank Mehta
23 Sep, 2009
New York City
Private education providers decreased for the second day in a row after lawmakers tighten student loans from banks. ATP Oil & Gas fell after it proposed convertible offering of $125 million. Goodrich Petroleum completed $190 million. AutoZone fell after reporting flat quarterly sales.
123jump.com Staff
23 Sep, 2009
New York City
New Zealand second quarter GDP expanded after shrinking for six quarters in a row. Australian and New Zealand dollar gained on the GDP report. Retailers, banks and resource stocks increased in Sydney after ADB revised higher developing Asia growth rate.
123jump.com Staff
23 Sep, 2009
New York City
New Zealand emerges from recession as housing market and consumer confidence strengthens in the second quarter. The six quarter long recession was the longest in thirty years as the nation joins Germany, France and Singapore to rebound with anemic growth rate.
Mayank Mehta
23 Sep, 2009
New York City
World Bank provided $10 billion in loans to India to support its infrastructure driven stimulus program and recapitalize public sector banks. Jaiprakash Associates, Suzlon, Cipla and others sell stocks to raise more than $400 million. ONGC plans to spend $10 billion to expand energy exploration.
123jump.com Staff
22 Sep, 2009
New York City
Australian stocks are likely to open higher as commodities prices closed up and Australian dollar edged higher in New York trading. The dollar fell against the euro, the pound and the yen. Rio Tinto completed one more asset sale to lower its debt. Babcock & Brown board selects recapitalization plan.
Mukesh Buch
22 Sep, 2009
New York City
World markets advanced as Fed is set to announce its rate decision tomorrow and world leaders meet in two days. Commodities and crude oil prices increased as the dollar decreased to a new low for the year.
Mayank Mehta
22 Sep, 2009
New York City
Accor announces the sale and leaseback of low end hotel properties to lower debt. HeidelbergCement raised
123jump.com Staff
22 Sep, 2009
New York City
UK stocks edged higher as investors showed willingness to buy stocks ahead of earnings next month. Cadbury asked Takeover Panel to request a formal bid from Kraft Foods or drop the merger plans. Mining stocks rallied as commodities and oil gain.
