123jump.com Staff
22 May, 2009
New York City
The home improvement chain first quarter sales were down 9.7% at $16.18 billion due to average ticket being down 8.2% at $52.67. Profit climbed 44% to $514 million. Earnings per share for the first quarter of fiscal 2009 were 30 cents, as against 21 cents a year ago.
123jump.com Staff
22 May, 2009
New York City
The fashion retailer first quarter sales increased marginally to $3.64 billion with comp store sales falling by 4.2% and net income for the quarter dropped by 10% to $137.0 million. EPS for the quarter was $0.45, compared to $0.49 last year
Darlington Musarurwa
21 May, 2009
New York City
Stocks in Shanghai and in Hong Kong are expected to trade lower after the U.S. dollar weakened and benchmark indexes in New York declined. Investors in China region are discounting the prospect of quick recovery in the region as investors shy away from risky assets.
123jump.com Staff
21 May, 2009
New York City
U.S. stocks closed lower on the growing worries of the U.S. government debt after a rating agency joined chorus of others in expressing negative views on the UK debt. Gold closed above $950. The dollar declined to its lowest level in the year and U.S. bond yields increased.
Darlington Musarurwa
21 May, 2009
New York City
UK stock investors stayed on the sideline after S&P sounded rating alarm but the government completed its debt offering. UK retail sales edged up in April. British Land dropped 8% after it reported larger than expected loss. Cable & Wireless declined 10% on income fall and insider stock sale.
Darlington Musarurwa
21 May, 2009
New York City
The Australian dollar added to its recent advances against other currencies as metals and energy prices firm. Hastie Group dropped 17% after it completed its offering to raise A$60 million. Seek Limited increased after it completed the acquisition of China based online employment company.
Darlington Musarurwa
21 May, 2009
New York City
Investors in Japan focused on a sudden and unexpected rise in swine flu cases. Yen continues to rise against dollar. Exporters declined on yen and retailers fell on flu worries.
123jump.com Staff
21 May, 2009
New York City
The business software company reported quarterly revenue declined 5% to $1.04 billion. Net quarterly income rose 1% to $72 million aided by strong expense controls. Earnings per share was flat at 13 cents, same as a year-ago quarter. The company generated revenue of $4.27 billion in fiscal 2009.
Mayank Mehta
21 May, 2009
New York City
Tenet Healthcare Corporation led gainers in the S&P 500 index with a rise of 6.7%. Citi Trends, Inc first quarter beats street. Hot Topic, Inc posts better than expected first quarter results. Kirkland
123jump.com Staff
21 May, 2009
New York City
U.S. stocks declined in the morning on cautious views on the economy and elevated jobless claims. Regional banks declined after Regions Financial raised $1.6 billion in stock offering. UK debt worries dragged European markets lower.
Darlington Musarurwa
21 May, 2009
New York City
European markets fell after UK was warned to get its public finances in order. S&P warned that UK may lose its top rating. Nations relying on exports to the U.S. are reporting large economic declines in the first quarter. Singapore, Japan, Germany and Mexico economies shrank 14.5% or more.
Mukesh Buch
21 May, 2009
New York City
The latest measure of wholesale inflation showed indicated few pressures on prices. Regional parties are still quarreling in UPA coalition and holding out for wider control in the government. Trading in stock market though declined but stays above average.
123jump.com Staff
20 May, 2009
New York City
U.S. stocks edged lower after the Federal Reserve estimated deeper recession this year and a slower growths in the next two years. The Fed is likely to increase its plan to purchase or back debt of $1.75 trillion. Crude oil futures increased after the inventories declined. Dollar declined.
123jump.com Staff
20 May, 2009
New York City
Investors in Europe debated the fate of euro, future direction of German exports and health of banks in the U.S. and Europe. Air France surged 11% and eliminated 2,700 jobs. Michelin surged 5% after Goldman Sachs lifted its price target.
123jump.com Staff
20 May, 2009
New York City
Increasingly UK investors are relying on global economic recovery to lift earnings at commodities companies. Domestic economy is still weak and there are no signs of housing market stabilization. The BoE unanimously agreed to increase the plan to print new money by
