123jump.com Staff
21 Jul, 2009
New York City
The financial institution reported revenue surged 60% to $33.1 billion in the quarter. Net quarterly income dipped 5.5% to $3.22 billion hurt primarily by higher provision for credit losses, merger and restructuring charges. Earnings per share slumped to 33 cents from 72 cents a year-ago quarter.
123jump.com Staff
20 Jul, 2009
New York City
Google second quarter revenue rose just under 3% to $5.52 billion. Profit rose 18.5% to $1.48 billion riding on year-over-year 15% increase in paid clicks. Earnings per share were $4.66 compared to $3.92 in the year ago quarter.
Mukesh Buch
20 Jul, 2009
New York City
U.S. indexes added to the 7% last week as cautious optimism about earnings lifted market indexes. The improved economic sentiment lifted commodities prices which in turn lifted markets in Australia, Canada, Brazil and China. India and U.S. signed several agreements involving nuclear power plants.
Trupti Mehta
20 Jul, 2009
New York City
The UK indexes edged higher after miners and financials closed up. ICAP, the inter-broker dealer completed raised 300 million euros through 5-year bonds. The pound gained after homes for sale were listed at higher prices. Domino
Mayank Mehta
20 Jul, 2009
New York City
Tyson Foods led the decliners in the S&P 500 index with a loss of 8.6%. Eaton second quarter earnings plunged 92% and lowered its operating earnings outlook for the year. CIT surged after it arranged a rescue loan of $3 billion from its bond holders. S&P 500 index will replace CIT with Red Hat, Inc.
123jump.com Staff
20 Jul, 2009
New York City
Australian stocks edged higher on a rally in copper prices and cash iron ore price above $90 a ton as the mineral shipment to China increase. Energy Resources, the operator of uranium mines increased after it estimated first half earnings to rise three-fold.
123jump.com Staff
20 Jul, 2009
New York City
Commodities and shipping linked stocks rallied. Earnings optimism and brokerage recommendation of Hong Kong property stocks helped benchmark indexes. China International Travel Service Corp filed its public offering prospectus.
123jump.com Staff
20 Jul, 2009
New York City
Sensex in Mumbai trading soared 13.4% in last five trading sessions. Kirloskar Pneumatic first quarter plunges into loss. TCS results with a positive outlook lifted market sentiment. Ambani family feud is joined by the Indian government staking claim to natural gas and its authority to price.
123jump.com Staff
19 Jul, 2009
New York City
The information technology provider revenue declined 13% to $23.3 billion in the quarter. Net quarterly income rose 12% to $3.1 billion. Earnings per share increased to $2.32 from $1.97 the prior-year quarter. The company estimates earnings of at least $9.70 a share for fiscal 2009.
123jump.com Staff
18 Jul, 2009
New York City
CSX second quarter revenue dipped 25% to $2.2 billion reflecting 21% decline in volumes. Operating income declined 19% to $ 582 million. Earnings per share were 72 cents against 89 cents in the year ago quarter.
123jump.com Staff
18 Jul, 2009
New York City
The financial services provider quarterly revenue soared 39% to $25.6 billion. Net quarterly income rose 36% to $2.7 billion helped by strong investment banking business. Earnings per share fell to 28 cents from 53 cents a year-ago quarter. The company repaid in full the $25 billion TARP capital.
Mayank Mehta
17 Jul, 2009
New York City
Stocks in Mumbai surged after the government suggested that it will reform financial services industry to attract more investors in the infrastructure development and insurance industry. Air India will receive $510 million in equity infusion from the government.
Trupti Mehta
17 Jul, 2009
New York City
Japanese investors focused on domestic stocks after the prospect global recovery looks dim in the near term. Real estate and retail stocks closed up. Consumer lenders Aiful and Promise dropped on the worries that opposition party DPJ may curb lending practices.
123jump.com Staff
16 Jul, 2009
New York City
The semiconductor chip maker net revenue declined 15% to $8 billion in the quarter. Net quarterly loss was $398 million as a result of the European Commission fine of $1.45 billion. The company lost 7 cents a share compared to earnings of 28 cents a share the prior-year quarter.
Mayank Mehta
16 Jul, 2009
New York City
CIT Group led the decliners in the S&P 500 index with a loss of 74.7%. Kinder Morgan Energy Partners second quarter net profit slumps. Stanley Furniture second quarter loss widens. Brightpoint announces pricing of a 15 million common stock offering by a shareholder.
