123jump.com Staff
17 Jun, 2009
New York City
U.S. stocks struggled as the President Obama offered his plan to overhaul financial regulations. Ten healthy banks repaid $70 billion of funds to the U.S. government with interest. S&P lowered ratings on eighteen banks. Fertilizer stocks fall after K+S estimated lower international demand.
123jump.com Staff
17 Jun, 2009
New York City
European markets closed lower. Michelin plans to eliminate 2,900 positions in France. K+S lowered its outlook for the production and potash fertilizer prices for the second half. Aeroports de Paris completed Sfr 250 million bond offering.
123jump.com Staff
17 Jun, 2009
New York City
UK unemployment edged up to 7.2% in three months to April and increased at a slower pace than expected. J. Sainsbury completed offering of
Darlington Musarurwa
17 Jun, 2009
New York City
Stocks in Japan edged higher defying the decline in regional markets. Real estate stocks rallied on the expectations that recent tax break will spur housing demand. 20-year government bond auction drew more investors that expected.
123jump.com Staff
17 Jun, 2009
New York City
The talent management firm fourth quarter fee revenue fell 43.5% to $107 million and operating loss was $33.9 million compared to income of $20.2 million a year ago. Loss per share was 45 cents as against earnings per share of 36 cents a year ago.
Mayank Mehta
17 Jun, 2009
New York City
Watson Pharmaceuticals surges 5% after it agreed to pay $1.75 billion for Arrow Group. E*Trade plunges 15% after it proposed to raise $400 million in stock offering and $1 billion in debt. FedEx declined after it offered weaker than expected outlook for the fiscal first quarter.
Darlington Musarurwa
17 Jun, 2009
New York City
U.S. stocks edge lower after the release of consumer price index data. European markets tracked lower after the release of construction and UK unemployment data. E*Trade propose $1 billion of debt exchange and $400 million stock offering. FedEx estimates lower than expected first quarter earnings.
123jump.com Staff
17 Jun, 2009
New York City
Mumbai stocks in volatile trading fell sharply in the last hours of trading. The benchmark index opened lower on a weak trading sentiment in the U.S. and worries that local markets may be stretched. The advance payments of taxes for the first fiscal quarter were nearly unchanged from a year ago.
Darlington Musarurwa
17 Jun, 2009
New York City
Australian stocks declined on weak U.S. industrial production data and general weakness in Asian markets trading. Australian leading economic index rebounded in April from March and home construction declined 4% in March. Asciano plunged after it increased its plan to raise more capital.
Mayank Mehta
16 Jun, 2009
New York City
Harman International dropped 11% after it proposed to sell 9 million shares. Bruker Corp filed to offer 70 million shares. Best Buy first quarter revenues declined 12% and net income fell 14.5%. Tyco Electronics surges 8% on revised operating earnings outlook.
Darlington Musarurwa
16 Jun, 2009
New York City
Stocks in China region declined on the global worries and tired rally. China lowers its holdings of U.S. Treasury bonds and also committed to lend $10 billion to members of Shanghai Cooperation Organization. Commodities linked stocks traded lower.
123jump.com Staff
16 Jun, 2009
New York City
The membership warehouse operator net quarterly sales dipped 5% to $15.5 billion on comparable sales fall of 7%. Net quarterly income declined 29% to $209.6 million due to softer sales and a litigation charge. Earnings per share slumped to 48 cents from 67 cents a year-ago quarter.
Darlington Musarurwa
16 Jun, 2009
New York City
The Bank of Japan left its key lending rate in a unanimous decision unchanged at 0.1%. Weakness in new condo offerings in Tokyo and in mining sector stocks and in the U.S. manufacturing activities dragged markets in Asia and Japan lower.
123jump.com Staff
15 Jun, 2009
New York City
The specialty retailer for home products first quarter net revenues decreased 22% to $612 million. The net loss was $18.71 million against net income of $10.45 million. Loss per share was 18 cents as against 10 cents of earnings per share a year ago.
123jump.com Staff
15 Jun, 2009
New York City
The downward momentum in global markets dragged New York stocks lower. A rise in dollar, weak commodities and tired rally dragged markets in Asia and New York. The prospect of more bank losses worried investors in Europe. The dollar edged higher against euro and crude oil and gold declined.
