Trupti Mehta
03 Jul, 2009
New York City
British Air for the second year in a row cut its summer capacity and cuts capital spending by 20%. Service sector showed increased activities in June but at a slower pace in May. UK home owners increaed equity by
Mukesh Buch
03 Jul, 2009
New York City
Indian Railways left its freight and passenger fares unchanged and proposed to add more wagons and build a coach manufacturing facility. Stocks gained on the hopes that the national budget will allocate more capital to power, infrastructure and telecom sector.
123jump.com Staff
02 Jul, 2009
New York City
World markets declined after the U.S. unemployment report on the fear that the U.S. may be in a prolonged recession. Copper, gold and crude oil prices fell. Markets in Europe dropped between 2% and 3% and Mexico fell 1.0%. Brazil and Canada lost 1%. The ECB left key lending rates unchanged.
123jump.com Staff
02 Jul, 2009
New York City
European market indexes closed sharply lower after the U.S. unemployment rate increased to 9.5%. Elan surged 20% after Johnson & Johnson acquired a stake in the company. Daimler, Volkswagen, PSA Peugeot and Renault declined after Credit Suisse lowered its outlook on the sector.
Mukesh Buch
09 Jul, 2009
New York City
World leaders vowed to maintain the currency parity and avoid the devaluation to grow at the expense of other nations. The G-8 and G-5 leaders agreed to conclude trade talks as early as 2010. China vehicle sales surged nearly 50% in June as government eased lending.
Sarla Buch
09 Jul, 2009
New York City
The Bank of England left its key lending rate unchanged at 0.5% and its plan to purchase assets at
123jump.com Staff
02 Jul, 2009
New York City
UK and European market indexes closed sharply lower after the U.S. unemployment rate increased to 9.5%. Mining and financial sector stocks fell. London Stock Exchange fell 5% after it lowered fees. Elan surged 20% after Johnson & Johnson acquired a stake in the company. WPP Group dropped 7%.
Mukesh Buch
02 Jul, 2009
New York City
Stocks in India traded sideways after the release of the Economic Survey from the Finance Ministry. The survey focused on the need for infrastructure spending, controlling the budget deficit and simplifying the taxes. Separately, the government increased retail prices of petrol and diesel.
123jump.com Staff
02 Jul, 2009
New York City
Red Hat first quarter rose 11% to $174 million with subscription revenue going up by 14%. Net income rose marginally to $18.5 million. Earnings per share were 15 cents as against 12 cents a year ago.
123jump.com Staff
30 Jun, 2009
New York City
TIBCO second quarter net revenue declined 4.8% to $142.7 million while net income surged 188% to $10.1 million due to lower operating expenses. Earnings per share were 6 cents per share as against 2 cents a year ago.
Mukesh Buch
01 Jul, 2009
New York City
Home sales indication and slower contraction in manufacturing lifted trading sentiment. Construction activity in May declined 11.7% from a year ago. Crude oil inventories declined but are still at the upper end of the average at the end of last week. AIG plunges 22% after it lost 13% yesterday.
Sarla Buch
01 Jul, 2009
New York City
European indexes closed higher after China reported manufacturing expansion. Retailers gained after the release of German retail sales data. Sodexo increased 3.7% after third quarter sales increased 11%. Auto registration in Italy increased 12% in June on government incentives.
Trupti Mehta
01 Jul, 2009
New York City
Miners lead the gainers after metal prices rise. Copper, zinc and tin closed higher after China reported manufacturing expansion. Marks & Spencer increased after it reported smaller declines in same store sales. National Express chief resigns and hands over the eastern railroad franchise.
123jump.com Staff
01 Jul, 2009
New York City
The homebuilder quarterly revenues declined 21% to $891.9 million partly on fewer sales of completed homes. Net quarterly loss widened 3.5% to $125.2 million. Earnings per share were 76 cents, flat with a year-ago quarter. New home orders rose 63% between the first and second quarters.
Mayank Mehta
01 Jul, 2009
New York City
Constellation Brands, Inc led gainers in the S&P 500 index with a rise of 7.4%. Sealy Corp reported second quarter net loss on charges. Synnex Corp posts higher second quarter profit and lower sales. UniFirst Corp third quarter results beat street views.
