Mayank Mehta
30 Jul, 2009
New York City
Expedia, Inc led gainers in the S&P 500 index with a rise of 13.4%. Amkor Technology, Inc beats second quarter estimates. BorgWarner Inc posts another quarterly loss on charges, the stock plunges 60%. MasterCard surged after quarterly profit. Cigna gained on revised earnings outlook.
123jump.com Staff
30 Jul, 2009
New York City
Earnings dominated trading in Tokyo. Industrial production increased 2.4% in June and in the quarter surged 8.3%. Sony surged after it reported lower than expected loss. Honda soared after it offered better than expected annual earnings.
Mayank Mehta
30 Jul, 2009
New York City
Earnings from companies in various industries in India present a picture of healthy economy and rising corporate spending. ICICI, Mahindra & Mahindra, State Bank of India, Mundra Port and Patni Computer exceeded expectations. Rupee declined 0.3%. Banks and software services providers gained.
Mukesh Buch
29 Jul, 2009
New York City
Commodities dropped sharply after the latest crude oil inventories report from the U.S. and a plunge in Shanghai stocks. Oil dropped 6.5% and natural gas declined 4%. Treasury auction of $39 billion drew more than expected interest.
123jump.com Staff
29 Jul, 2009
New York City
European markets closed higher after earnings lifted stocks in chemical, drugs auto and industrial sectors. Bayer, Akzo Nobel and Sanofi gained. SAP second quarter sales fell 10%. Daimler took
Mayank Mehta
29 Jul, 2009
New York City
UK stocks edged higher as mortgage lending in June increased. BG Group earnings fell 31% on lower energy prices. Cadbury first half profit surged 177%. The auto dealer Inchcape surged after it reported better than expected earnings.
123jump.com Staff
29 Jul, 2009
New York City
The flash memory card maker total revenue declined 10% to $731 million in the quarter. Net quarterly income was $53 million helped by increased pricing and higher royalty revenue. Earnings per share gains were 23 cents compared to a loss of 33 cents per share the prior-year quarter.
Mayank Mehta
29 Jul, 2009
New York City
Yahoo! and Microsoft agree to partner on a search technology and advertising revenue sharing. Microsoft will gain higher visibility for Bing and raise competitive pressures on Google. Yahoo will retain 88% ad revenues for the first ten years but Microsoft will not make any upfront payment.
123jump.com Staff
29 Jul, 2009
New York City
Stocks in Shanghai plunged after investors worried of the government crackdown on new loans and housing bubble. The benchmark index has surged more than 75% in the last nine months. China Cosco dropped after it estimated a loss in the first half on weak container and dry bulk cargo.
Mayank Mehta
29 Jul, 2009
New York City
Mumbai stocks retreated after sharp gains in the last ten days and on earnings jitters. Jindal Steel surged after its earnings gained on currency bets. Aditya Birla Nuvo Ltd dropped on poor results. DLF fell back from its recent highs ahead of earnings. National Fertilizers declined.
123jump.com Staff
29 Jul, 2009
New York City
Nissan reported its third quarterly loss and Honda first quarter net plunged 96%. Yahoo Japan surged after it estimated higher sales and earnings in the second quarter. Nippon steel declined after it estimated loss in the second quarter.
123jump.com Staff
28 Jul, 2009
New York City
The global asset management firm revenues were $613 million for the quarter, down just 1%. Net income zoomed 238% to $50 million. Earnings per share were 35 cents compared to a loss of 26 cents in the year ago quarter.
Mukesh Buch
28 Jul, 2009
New York City
Weakening U.S. consumer confidence and a slight uptick in U.S. home prices did not sway market indexes near close. Disappointing earnings drove shares of Interpublic, Valero, Viacom and U.S. Steel lower. U.S. steel offered optimistic outlook and recalled about 800 workers. IBM acquires SPSS.
Mayank Mehta
28 Jul, 2009
New York City
European markets closed lower after rallying for more two weeks. Deutsche Bank set aside sharply higher loan loss reserves. Pfeiffer Vacuum second quarter revenues exceeded expectations. EADS report higher quarterly profit as Airbus deliveries increase. BP issues cautious outlook.
Mayank Mehta
28 Jul, 2009
New York City
The RBI left its key lending rate unchanged at 3.25% but lifted its inflation outlook in the current financial year. Adani Power Limited initial public offering is oversubscribed by anchor investors. Grasim Industries profit surged 68%.
