123jump.com Staff
27 May, 2009
New York City
Shipping freight rate index closed higher for the eighteenth day in a row. Speculators cited congestion at Chinese ports, rising shipping day rates and demand for iron ore in Asia. Media stocks closed higher after a broker revised earnings outlook for the industry.
Mayank Mehta
27 May, 2009
New York City
General Motors led the decliners in the S&P 500 index of 13.1%. American Eagle Outfitters posts better than expected first quarter profit. Bank of Montreal second quarter net drops. Donaldson Company beats earnings estimates but misses on revenues. Chico
Darlington Musarurwa
27 May, 2009
New York City
Stocks in Japan closed higher, lifted by global markets. April exports plunged 36% and trade surplus in the month declined 85%. Exports to China, U.S. and Europe dropped sharply. Nikon plans to eliminate 1,000 jobs. Toshiba completed $3 billion rights offering.
123jump.com Staff
27 May, 2009
New York City
Finance Minister Mukherjee said that the government is focused on increasing infrastructure spending but will meet its budget deficit target of 5.5% in the current fiscal year. Reliance Industries may hold more than expected natural gas. April exports may have declined 33%.
123jump.com Staff
26 May, 2009
New York City
The U.S. stocks closed higher on a strength in technology and energy companies. Better than expected consumer confidence data and widespread interest in U.S. Treasury short term debt auction also contributed to the market gain.
123jump.com Staff
26 May, 2009
New York City
Stocks in Europe rebounded after better than expected consumer confidence data in the U.S. Danone SA plans to raise 3 billion euros to repay debt. Germany left its first quarter GDP unrevised at a decline of 3.8%.
Mukesh Buch
26 May, 2009
New York City
UK stocks staged a sharp reversal in the afternoon trading after the release of consumer confidence data in the U.S. The benchmark stock surged from a decline of 1.5% to close up 1%. Rio Tinto offered 33% discount for iron ore shipment till the end of March next year.
Darlington Musarurwa
26 May, 2009
New York City
Investors are still digesting the impact of recent share sales announced or completed by several companies. Investors are still digesting the impact of recent share sales announced or completed by several companies.
In Hong Kong property stocks gained but in Shanghai energy related stocks fell.
123jump.com Staff
26 May, 2009
New York City
The medical device maker net sales decreased 1% to $3.8 billion in the quarter. Net quarterly profits plunged 69% to $250 million impacted by in-process research and development charges. Earnings per share slumped to 22 cents from 72 cents in the prior-year quarter.
123jump.com Staff
26 May, 2009
New York City
Zions led gainers in the S&P 500 index with a rise of 5.9%. Chimera Investment declined more than 6%. Chemed Corporation gained 3% after MMI Investment withdrew its slate of board of directors. Morgan Stanley acquires a minority stake in real estate developer in India.
123jump.com Staff
26 May, 2009
New York City
Stocks in India declined on worries of rising government deficit and inflation. Investors worry that recent 8,000 crore rupees offering from real estate companies may dry liquidity in the market. Chief executive and family board members of Ranbaxy Laboratories resigned.
123jump.com Staff
26 May, 2009
New York City
Investors in Japan focused on weak global market conditions and prospect of rising inflation as metals and energy prices stay elevated. Revised economic outlook from the Cabinet Office and the Bank of Japan failed to sway financial markets. Real estate developers and retailers closed higher.
123jump.com Staff
25 May, 2009
New York City
The technology solutions provider net quarterly sales dipped 3% to $27.4 billion. Net quarterly income declined 17% to $1.7 billion. Earnings per share slipped to 70 cents from 80 cents a year-ago quarter. The company estimates earnings between 64 cents and 68 cents a share for the third quarter.
123jump.com Staff
25 May, 2009
New York City
The television maker fourth quarter sales fell 22% to 1.524 trillion yen and loss came in at 294.31 billion yen compared to profit of 6.18 billion yen from a year ago. With cost savings of 300 billion yen, 8000 headcount reductions and eight plant closings the company expects to break even this year
123jump.com Staff
24 May, 2009
New York City
The women''s apparel retailer net quarterly sales decreased 28% to $426.7 million on comparable store sales decline of 30.7%. Net loss incurred was $2.3 million in the quarter. The company lost 4 cents a share compared to earnings of 43 cents a share a year-ago quarter.
