123jump.com Staff
14 Nov, 2008
New York City
Stocks in Australia gained 1.4% but fell more than 7% in the week. Australian dollar gained but remained vulnerable to global economic slowdown. Commodities and energy stocks rallied on higher oil prices. Australia bought A$500 million of mortgage backed securities.
123jump.com Staff
14 Nov, 2008
New York City
Stocks in Mumbai continue trade volatile with a downward bias. Rupee lost nearly 2.75% this week and traded near 49 rupees to a dollar. Automakers and real estate stocks fell on the weak demand. United Spirits and Diageo Plc explore partnership possibilities.
123jump.com Staff
14 Nov, 2008
New York City
UK stocks rose despite the European Union economies shrank for the second quarter in a row. Germany led the region with the sharpest decline followed by shrinks in Italy and Ireland. Stocks in London rose 1.5%. Energy stocks lead the gainers. Luxury home prices in London on the decline.
Darlington Musarurwa
14 Nov, 2008
New York City
Stocks in Japan rose 2.7% today but dropped 1.4% for the week. Dix Kuroki Co. files for bankruptcy with 18.1 billion yen liabilities. Unemployment insurance claims soar 2.6% in September. Sumitomo Mitsui Financial Group first half profit fell 51% on credit market losses rose to 302 billion yen.
123jump.com Staff
14 Nov, 2008
New York City
Retailers fell after the October sales declined. Nordstrom, Kohls, JC Penney and Abercrombie & Fitch fell on earnings. Qualcomm, Motorola and Nokia fell after Nokia lowered industry unit sales estimates. American Express dropped below $20. Cheesecake Factory fell below $6.
123jump.com Staff
14 Nov, 2008
New York City
Macys, the department retail stores operator reported third quarter revenues fell 7% to $5.493 billion from $5.906 billion a year ago. Net loss in the quarter was $44 million or 10 cents per diluted share compared to net income of $33 million or 8 cents per share, a year ago.
123jump.com Staff
14 Nov, 2008
New York City
The U.S. retail sales in October declined 2.8% from September and dropped 4.1% from a year ago. Motor vehicles and parts sales fell 23.4% and furniture sales declined 13.5%. The European Union economy shrank in the third quarter declined 0.2% matching the second quarter rate.
123jump.com Staff
13 Nov, 2008
New York City
U.S. stocks staged a sharp reversal after dropping nearly 2.5% in the morning trading and surged to close up 7%. The near 10% reversal in the market indexes occurred after crude oil prices rose and energy related stocks led the gainers. Asian markets closed down 5%. European markets edged up.
123jump.com Staff
13 Nov, 2008
New York City
Industrial production in China rose at a slower pace of 8.2% in October and retail sales surged 22% in the month. Electricity output fell 4% and passenger cars production declined 6.2% in the month. Hong Kong Exchange quarterly net declined 43%.
123jump.com Staff
13 Nov, 2008
New York City
Australian stocks plummeted 5.9% as commodity stocks retreated on falling metal prices and 5% decline in crude oil prices. Copper and aluminum prices dropped to three-year lows as stockpiles increased on falling global demand for raw materials. Commonwealth Bank estimated higher loan losses.
123jump.com Staff
13 Nov, 2008
New York City
Stocks in Japan and in Asia fell more than 5% as the U.S. lawmakers struggle to decide the fate of General Motors. The largest U.S. electronics retailer Best Buy issued grim holiday sales outlook. Exporters in Japan fell. Currencies in the region declined more than 2%.
123jump.com Staff
13 Nov, 2008
New York City
Fluor Corporation third quarter revenue rose to $5.7 billion from $4.1 billion on growth in the oil and gas and power segments. Net earnings surged 95% to $183 million and earnings per share doubled to $1.01 per diluted share compared to $0.51 a share.
123jump.com Staff
13 Nov, 2008
New York City
General Electric fell sharply on the worries that its financial service unit may need more capital and the company may need to trim dividend, which the company denied. GE dropped to 12-year low. Retailers and financials fell sharply as Treasury Secretary Paulson keeps changing his focus.
123jump.com Staff
13 Nov, 2008
New York City
Asian stocks fell sharply as the U.S. politicians added more uncertainties to the markets. Lawmakers in the U.S. send conflicting signs regarding General Motors bailout and U.S. Treasury Secretary keeps changing his focus. Asian markets fell more than 5% and currencies declined 2% or more.
123jump.com Staff
12 Nov, 2008
New York City
Starbucks, the coffeehouse chain reported a 3% rise in fourth quarter revenues to $2.5 billion from a year ago. Net income declined 97% to $5.4 million and earnings per share fell to $0.01 compared to $0.21 per share in the prior year fourth quarter. Domestic comparable same store sales fell 5%
