123jump.com Staff
20 Jul, 2009
New York City
Australian stocks edged higher on a rally in copper prices and cash iron ore price above $90 a ton as the mineral shipment to China increase. Energy Resources, the operator of uranium mines increased after it estimated first half earnings to rise three-fold.
123jump.com Staff
20 Jul, 2009
New York City
Commodities and shipping linked stocks rallied. Earnings optimism and brokerage recommendation of Hong Kong property stocks helped benchmark indexes. China International Travel Service Corp filed its public offering prospectus.
123jump.com Staff
20 Jul, 2009
New York City
Sensex in Mumbai trading soared 13.4% in last five trading sessions. Kirloskar Pneumatic first quarter plunges into loss. TCS results with a positive outlook lifted market sentiment. Ambani family feud is joined by the Indian government staking claim to natural gas and its authority to price.
123jump.com Staff
19 Jul, 2009
New York City
The information technology provider revenue declined 13% to $23.3 billion in the quarter. Net quarterly income rose 12% to $3.1 billion. Earnings per share increased to $2.32 from $1.97 the prior-year quarter. The company estimates earnings of at least $9.70 a share for fiscal 2009.
123jump.com Staff
18 Jul, 2009
New York City
CSX second quarter revenue dipped 25% to $2.2 billion reflecting 21% decline in volumes. Operating income declined 19% to $ 582 million. Earnings per share were 72 cents against 89 cents in the year ago quarter.
123jump.com Staff
18 Jul, 2009
New York City
The financial services provider quarterly revenue soared 39% to $25.6 billion. Net quarterly income rose 36% to $2.7 billion helped by strong investment banking business. Earnings per share fell to 28 cents from 53 cents a year-ago quarter. The company repaid in full the $25 billion TARP capital.
Mayank Mehta
17 Jul, 2009
New York City
Stocks in Mumbai surged after the government suggested that it will reform financial services industry to attract more investors in the infrastructure development and insurance industry. Air India will receive $510 million in equity infusion from the government.
Trupti Mehta
17 Jul, 2009
New York City
Japanese investors focused on domestic stocks after the prospect global recovery looks dim in the near term. Real estate and retail stocks closed up. Consumer lenders Aiful and Promise dropped on the worries that opposition party DPJ may curb lending practices.
123jump.com Staff
16 Jul, 2009
New York City
The semiconductor chip maker net revenue declined 15% to $8 billion in the quarter. Net quarterly loss was $398 million as a result of the European Commission fine of $1.45 billion. The company lost 7 cents a share compared to earnings of 28 cents a share the prior-year quarter.
Mayank Mehta
16 Jul, 2009
New York City
CIT Group led the decliners in the S&P 500 index with a loss of 74.7%. Kinder Morgan Energy Partners second quarter net profit slumps. Stanley Furniture second quarter loss widens. Brightpoint announces pricing of a 15 million common stock offering by a shareholder.
123jump.com Staff
16 Jul, 2009
New York City
Stocks in Shanghai traded higher in the morning but close lower on the valuation worries. Sinotruk surged 15% after MAN SE acquired 25% stake in the company. Jiangxi Copper added nearly 4% on strong commodities prices.
123jump.com Staff
16 Jul, 2009
New York City
Economic growth in China accelerates in the second quarter to 7.9% from 6.1% in the first quarter as the stimulus reaches many sectors of the economy. Consumption and investment contributed to the growth but the fall in trade surplus deducted the expansion.
123jump.com Staff
16 Jul, 2009
New York City
Sterlite Industries is in process of raising $1.5 billion to fund its power generation business. Indian government plans to raise $22.5 billion by the end of September to fund its budget deficit and infrastructure development. Larsen & Toubro and Bajaj Auto earnings surge.
Mayank Mehta
16 Jul, 2009
New York City
Stocks in Japan closed higher after China reported a rebound in the economy and U.S. stocks jumped on Intel earnings. Industrial and commodities related stocks in Tokyo closed higher. Mitsubishi UFJ plans to raise as much as $4 billion.
123jump.com Staff
15 Jul, 2009
New York City
Tech stocks rallied after Intel reported better than expected results and offered optimistic outlook for the economy. Cisco surged nearly 6% after rating upgrade. American Express surged to nine-month high after it lowered its estimate of bad loan charges.
