123jump.com Staff
20 Nov, 2008
New York City
Dr Pepper Snapple in its first quarter as an independent company reported earnings of $0.41 per share compared to $0.61 per share in prior year period. The company generated $523 million of cash from operations since its separation from Cadbury in May 2008 and has repaid $295 million of its loans.
Darlington Musarurwa
20 Nov, 2008
New York City
Hong Kong stocks fell on the global economic slowdown worries tracking losses in Japan and Australia. Banks, realty and retail stocks declined on the worries that credit crunch is likely to get worse in the short term. China to increase tax rebates on the light industry.
123jump.com Staff
20 Nov, 2008
New York City
Stocks in Japan plunged 7% to below key 8,000 mark as investors increasingly worry about the depth of the U.S. economic recession. US lawmakers appear to be still lacking the grasp of the current economic crisis and Secretary Treasury appears to lack direction or a plan.
123jump.com Staff
19 Nov, 2008
New York City
J. C. Penney, the department store chain reported sales declined 8.7% to $4.3 billion and net income plunged to $124 million or $0.56 per diluted share compared with $261 million and $1.17 for the prior year. The company guided earnings for the fourth quarter to be between $0.90 and $1.05 a share.
Darlington Musarurwa
19 Nov, 2008
New York City
Toyota will halt production during holiday period in the U.S. and slow production at several plants in North America. Toyota also said it will miss sales target in China. Nissan predicted U.S. auto sales to plunge to 11 million in 2009. Sumitomo Mitsui to raise $4 billion.
123jump.com Staff
19 Nov, 2008
New York City
U.S. home starts, completions and permits in October fell as tight credit and weak demand kept buyers away. Building permits dropped 40%, home starts plunged 38% and completions dropped 26% from a year ago. Single family homes starts declined 3.3% from September to 531,000 annual rate.
123jump.com Staff
19 Nov, 2008
New York City
Wal-Mart Stores, the largest retailer in the world reported net sales in the third quarter increased 7.5% to $97.6 billion and diluted earnings per share increased 10% to 77 cents The Company expects diluted earnings per share in the fourth quarter between $1.03 and $1.07.
123jump.com Staff
19 Nov, 2008
New York City
European markets fell across the region on job cuts, bank profit worries and weak earnings environment. Market indexes dropped more than 1% in the early afternoon after ECB President Jean-Claude Trichet said that global financial system is under severe stress in 65 years.
123jump.com Staff
19 Nov, 2008
New York City
Stocks in Australia edged lower as global economic slowdown worries continue to haunt investors. Babcock & Brown plans to cut 60% staff to lower operating costs. Leadning economic indicators index declined to annualized increase of 1.1%. AWB Ltd annual revenue rose 51% and net up surged 137%.
123jump.com Staff
18 Nov, 2008
New York City
Solar panel companies declined after negative comments from JP Morgan. Energy stocks rallied and automakers struggle as lawmakers question executive compensation at big three auto companies. Alpha Natural plunges after takeover bid fails. Medtronic and Saks drops on earning. Corning lowers outlook.
123jump.com Staff
18 Nov, 2008
New York City
Hewlett Packard earnings lifted tech stocks and energy stocks rally in the afternoon lifted U.S. indexes. Asian markets fell sharply as investors worry that recession in the U.S. and Europe will be longer and deeper. Stocks in Japan fell 2.3%, in Shanghai dropped 7.4%, in Mumbai and Sydeny fell 4%.
123jump.com Staff
18 Nov, 2008
New York City
Stocks in Australia dropped on the weak global financial markets and declining economic growths in EU, Japan, China and the U.S. Citi Australia will cut its staff from the current 2,500. Australian stocks fall on recession worries. Macquarie Group profit in the first half dropped 43%.
123jump.com Staff
18 Nov, 2008
New York City
Stocks in Hong Kong dropped 4.5% and in Shanghai plunged 7.4%. Investors are increasingly factoring longer and deeper economic recession in the Western economies and lower exports from China. Broker comments forced Hong Kong Exchange down 8% and HSBC lower by 4%. Automakers gained on speculation.
123jump.com Staff
18 Nov, 2008
New York City
Stocks in India dropped on global economic worries, falling exports, weak local demand and recent regional elections results. Rupee flirted near 50 to a dollar. Finance minister Chidambaram estimated that the economy will rebound in the next fiscal year to 9% on the rise in domestic demand.
123jump.com Staff
18 Nov, 2008
New York City
UK inflation rate fell to 4.5% in October after rising to 5.2% in September. The drops in fuel and other consumer goods prices helped the index to drop. The inflation is likely to fall further in the rest of the year. Wolseley, the materials distributor plans to eliminate 2,000 staff positions.
