Mayank Mehta
19 Jun, 2009
New York City
CarMax reported first quarter sales declined 17% and earnings fell 2.7%. Carnival Corp advanced after the cruise operator indicated higher prices for tours. E*Trade raised more than expected in a public offering priced at 23% discount. Research in Motion quarterly sales jump 53%.
Mayank Mehta
19 Jun, 2009
New York City
E*Trade public offering managed to raise more than earlier expected after it prices its offering at 23% discount to yesterday price. The stock in the early trading drops another 15%.
123jump.com Staff
19 Jun, 2009
New York City
Real estate and commodities stocks closed higher in Tokyo trading. Banks rebounded on higher earnings expectations in the second quarter. Foreign investors lower their holdings in Japanese equities.
123jump.com Staff
19 Jun, 2009
New York City
Stocks in Mumbai closed up as expectations run high on infrastructure spending ahead of the government budget. Suzlon calls bond holders meeting. The market regulator Sebi simplifies guidelines and permits anchor investor concept in rights offerings.
123jump.com Staff
19 Jun, 2009
New York City
UK stocks closed higher after miners rallied for the second day this week. On a triple witching day, the stocks edged higher on a quiet day. Carnival, Candover, Mitchells & Butlers led gainers in London trading. Xstrata, Antofagasta, Vedanta and other miners closed up more than 2.5%.
Mukesh Buch
18 Jun, 2009
New York City
European benchmark indexes closed higher. Deutsche Telekom increased after it acquired 5% stake in Hellenic Telecom. Club Med surged after strategic investor added 1% stake. Fashion house PPR SA declined 4% on cautious comments from a broker.
Trupti Mehta
18 Jun, 2009
New York City
UK stocks ended flat in a choppy trading after the release of weaker than expected retail sales in May. Marston
123jump.com Staff
18 Jun, 2009
New York City
U.S investors focused on the upcoming government bond auction next week. The U.S. is expected to raise $104 billion in bonds that mature between two and seven years. Most bonds sold by the government are short term maturities that will probably rolled over at a higher cost in less than five years.
Mayank Mehta
18 Jun, 2009
New York City
Fertilizer stocks declined for the second day in a row on weak sales and pricing outlook. The J.M. Smucker surged after it offered positive outlook and reported better than expected sales and earnings. Clarcor Inc fell after earnings declined.
123jump.com Staff
18 Jun, 2009
New York City
Energy, mining and financials were among the most active stocks in Shanghai and Hong Kong. World Bank revised its China economic growth projection to 7.2% and estimated foreign exchange reserves to increase by $218 billion. Coal miners and electric utility companies surged.
123jump.com Staff
18 Jun, 2009
New York City
The Japan Iron and Steel Federation reported another monthly decline in domestic steel production in May. For the year steel production is 45% lower from a year ago. Steelmakers, autos and trading companies declined in Tokyo trading. Kawasaki Kisen led decliners among shippers.
123jump.com Staff
18 Jun, 2009
New York City
The benchmark index in India dropped lower on the worries that some of the recent tax reliefs may be withdrawn by the government. Stocks declined as the fourteen week old rally falters, global markets are directionless and uncertainty on the national budget expected in three weeks.
123jump.com Staff
17 Jun, 2009
New York City
President Obama unveiled the overhaul financial regulations that failed to impress investors and Wall Street. The plan appears to satisfy lobby groups of various financial products purveyors but fails to tackle the core issues of leverage and high interest rates on consumer products.
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.
