123jump.com Staff
08 Jan, 2009
New York City
Toro reported net earnings of $119.7 million or $3.10 per share for the year, a decrease of 8.8% on a per share basis compared to last year. The company expects fiscal 2009 net earnings to be between $2.50 and $2.70 per share on a revenue decline of 5% from a year ago.
123jump.com Staff
08 Jan, 2009
New York City
AutoZone reported quarterly net income of $131.37 million or $2.23 per share compared to $132.52 million or $2.02 per share a year ago. Same-store sales declined 1.5% in the quarter with net sales increased 1.6% to $1.48 billion.
123jump.com Staff
08 Jan, 2009
New York City
Hong Kong benchmark index fell 3.8% and Shanghai index plunged 5.9%. Hong Kong foreign currency reserves increase to US$182.5 billion at the end of December. Lenovo Group stock plunged 26% after it announced a plan to cut 11% jobs.
123jump.com Staff
08 Jan, 2009
New York City
Stocks in Tokyo declined 3.9% after rising for seven days in a row. The benchmark index fell after weak unemployment report in the U.S. showed more than expected job losses. Central Tokyo office vacancy rose for the eleventh month in a row. The Bank of Japan will offer 1.2 trillion yen in loans.
Darlington Musarurwa
08 Jan, 2009
New York City
Australia trade surplus declined 51% to A$1.45 billion in November from A$2.96 billion the previous month as exports declined 4% to A$26.9 billion in the period. Seasonally adjusted total dwelling units approved in November fell 12.8% from a month ago and 34.7% from a year earlier to 9,581.
123jump.com Staff
07 Jan, 2009
New York City
U.S. stocks declined sharply and erased the gains of the year. Earnings worries dominated trading sentiment. Marks & Spencer sales declined less than forecasted. Satyam plunged after the chairman resigned and admitted financial irregularity.
123jump.com Staff
07 Jan, 2009
New York City
The specialty medical products maker revenue rose 6% to $269 million and surpassed $1 billion in fiscal 2008 and net income was $29.48 million or $0.65 a share, compared to a loss of $24.19 million or $0.54 a share in the year-ago quarter. The Company expects earnings of $2.17 a share in 2009.
123jump.com Staff
07 Jan, 2009
New York City
Korn/Ferry second quarter fee revenue and earnings per share fell to $189.3 million and 30 cents and revenue per consultant declined 8% from a year ago. The company expects third quarter fee revenue to range from $140 million to $160 million and diluted earnings per share to range from a loss of 10 cents per share to break-even.
Mayank Mehta
07 Jan, 2009
New York City
Satyam Computer Services plunged 91% after Chairman resigned and admitted financial irregularity. Alcoa fell more than 10% on a restructuring plan and production cut. Casino stocks fell further on weak consumer spending. Time Warner Inc will record $25 billion of non-cash charge and a loss.
123jump.com Staff
07 Jan, 2009
New York City
Scottish & Southern Energy to issue 40 million shares worth
123jump.com Staff
07 Jan, 2009
New York City
In weak trading in Sydney, stocks closed higher ahead of earnings release. November retail sales rose 0.1% and new home sales declined 1.1% in the month. Oil and gas company Santos revived its A$1.8 billion plan to develop and supply natural gas from a field in Western Australia.
123jump.com Staff
07 Jan, 2009
New York City
Japanese retailer Aeon Co Ltd forecasted its first annual loss in seven years. Sales in the first eleven months ending in November declined 1.2%. Listed companies in Japan are looking for a profit gain of 10% in the fiscal year ending in March 2009.
123jump.com Staff
07 Jan, 2009
New York City
Stocks in Mumbai plunge after Satyam Chairman admitted inflating balance sheet, cash reserve and sales for the last five year. The fourth largest software export company is also listed on the New York Stock Exchange. The benchmark index Sensex plunges 7%.
123jump.com Staff
07 Jan, 2009
New York City
China issues 3G licenses to three mobile operators. Bank of America sells $2.83 billion stake in Construction Bank of China and lowers its stake to above 16%. The benchmark Stock index in Hong Kong fell 3.4% and in Shanghai edged 0.6% lower. Telecom stocks fell on profit taking.
123jump.com Staff
06 Jan, 2009
New York City
U.S. stocks rebounded on the hopes that the new administration will soon provide a large economic stimulus. Alcoa Inc laid off 13% of its staff and cut its capital expenditure and suspend stock buyback. Dow Chemical will seek $2.5 billion from Kuwait after it canceled joint venture.
