123jump.com Staff
03 Dec, 2008
New York City
U.S. stocks closed higher in volatile trading on a rise in holiday Internet sales and an increase in mortgage applications. Amazon.com surged nearly 10%. Auto makers are threatening that they will run out of cash soon. Australia third quarter GDP growth rate fell. Japan considers stimulus package.
Mayank Mehta
03 Dec, 2008
New York City
Freeport McMoran eliminated dividend and stock fell 20%. Research in Motion gained on 65% rise in revenues. Del Monte Foods rose 18% on revenue rise of 11.5%. General Electric rose after it tightened its earnings near low end of its forecast and confirmed the dividend. Constellation Energy up 12%.
123jump.com Staff
03 Dec, 2008
New York City
Cognizant Technology third quarter increased 31% to $734.7 million from a year ago. Net income was $112.8 million or $0.38 per diluted share compared to $96.2 million or $0.32 per share. The company estimates fourth quarter earnings of 45 cents a share.
123jump.com Staff
03 Dec, 2008
New York City
Stocks in Mumbai closed up in a volatile session. India is exploring cross border military or commando raid to eliminate terrorist camps if Pakistan fails to reign in on outlawed groups. Terrorists are using Karachi to finance their operations. SEBI extended margin facility to all investors.
123jump.com Staff
03 Dec, 2008
New York City
Australian third quarter GDP growth fell to 0.1% and non-farm sector growth declined 0.3%. Weak exports and falling domestic demand weakened the service and construction sector. Babcock & Brown received A$150 million in emergency funding from a syndicate of banks.
123jump.com Staff
03 Dec, 2008
New York City
China stock indexes gained on a rise in telecom and financial stocks. Telecoms advanced on the hopes that 3G licenses will be allocated before the end of the year. Bank of America increased its stake in China Construction Bank. Property stocks declined on a rise in mortgage rates.
Darlington Musarurwa
03 Dec, 2008
New York City
Japan government is likely to provide additional 100 trillion yen economic stimulus package. The falling exports and weak domestic economy has dragged economy in Japan to recessionary conditions. Toyota will cut bonuses for senior staff but not for top executives.
123jump.com Staff
03 Dec, 2008
New York City
U.S. stocks came under pressure after service index in November declined to 11-year low. The service industry is shrinking as consumers curtail spending, businesses lay off people and banks tighten lending. Separately private survey tracking jobs in private sector showed job loss of 250,000.
123jump.com Staff
02 Dec, 2008
New York City
Allianz Group net revenue decrease 3.8% to 21.1 billion euros. Dresdner bank was treated as discontinued business. The insurer took impairment charges of $370 million in its fixed income portfolio. The insurer lost 2.2 billion euros from continued operations.
123jump.com Staff
02 Dec, 2008
New York City
Ford third quarter net loss of $129 million or 6 centa share compared to a loss of $380 million or 19 cents in the prior year on one-time gain of $2.2 billion. Revenue in the quarter fell 22% to $32.2 billion. Ford North America reported a net loss of $2.2 billion, $1.6 billion increase.
123jump.com Staff
02 Dec, 2008
New York City
Qualcomm reported net income of $878 million, revenue of $3.33 billion and earnings per share of 52 cents on strong sales of chipsets and patent settlement with Nokia. Fiscal 2008 revenues were $11.1 billion and earnings per share were $1.90.
123jump.com Staff
02 Dec, 2008
New York City
The company reported in the fiscal first quarter 1% increase in sales to $163 million versus $161 million and net earnings of $11 million or 12 cents a share compared to $15 million or 16 cents a share. The company lowered the second quarter earnings per share between 9 cents and 13 cents.
123jump.com Staff
02 Dec, 2008
New York City
Abercrombie & Fitch net income for the third quarter of $63.9 million or $0.72 a share versus $117.6 million or $1.29 a share last year. Net sales decreased 8% to $896.3 million and comparable store sales decreased 14%. A&F guided earnings per share for Q4 in the range between $1 and $1.05.
123jump.com Staff
02 Dec, 2008
New York City
U.S. stocks surged on the belief that the Fed will provide additional liquidity and may lower rates in less than two weeks. November auto sales plunged on tight lending and weak demand. Australia lowered its key rate by 1% and Japan left its rate unchanged. Mumbai stocks decline for the second day.
Mayank Mehta
02 Dec, 2008
New York City
U.S. stocks gained after banks, financials and realtors led advancers. Optimism about interest rate cuts lifted sentiment in trading. Sears surged on lower than expected loss and Staples gained after the release of earnings. Eastman Chemical plunged on earnings worries.
