123jump.com Staff
23 May, 2009
New York City
The home improvement retailer quarterly sales dropped 1.5 % to $11.8 billion on comparable store sales fall of 6.6%. Net quarterly earnings slumped 21.6% to $476 million. Earnings per share declined to 32 cents from 41 cents a year-ago quarter. The company opened 21 new stores in the quarter.
Sarla Buch
22 May, 2009
New York City
U.S. bond market yields increased as the U.S. government plan to raise $162 billion next week. The yield curve may change if investors do not like the health of the economy as the U.S. prepares to raise $3 trillion in the next eighteen months. Gold stays above $960 and crude oil above $61 a barrel.
Darlington Musarurwa
22 May, 2009
New York City
UK first quarter GDP shrink was left unchanged at 1.9%. Manufacturer preferred to liquidate inventories and conserve cash and consumer spending declined. The GDP declined 4.1% from a year ago. UK miners closed higher after Goldman Sachs speculated capacity constraints for copper and iron ore miners.
123jump.com Staff
22 May, 2009
New York City
European markets were focused on the euro-dollar relationship. The prospect of stronger euro will lower earnings. More investors are forecasting the loss of top rating for dollar. European nations are also running high deficits as economies slow in Germany, Spain, France and Italy.
123jump.com Staff
22 May, 2009
New York City
Australian stocks declined on the weakness in mining and energy stocks. Gold linked stocks closed higher as gold price increased. The rising national debt in the U.S. and UK added strength to Australian dollar.
123jump.com Staff
22 May, 2009
New York City
Salesforce.com, Inc led the decliners in the S&P 500 index of 10.3%. Aeropostale, Inc first quarter profit rises 81%. Nordson Corporation second quarter profit declines. Sears surged after it reported unexpected quarterly profit.
Darlington Musarurwa
22 May, 2009
New York City
Investors overlook positive comments from the Bank of Japan after it left its key lending rate unchanged. The prospect of near term downward debt rating for UK and longer term for the U.S. raised worries that higher yen will lower earnings of Japanese exporters.
123jump.com Staff
22 May, 2009
New York City
The beverages maker net quarterly sales declined 3% to $1.26 billion. Net quarterly profits surged 39% to $132 million. Earnings per share rose to 52 cents from 38 cents a year-ago quarter. The company generated $178 million of cash from operations and repaid $155 million of debt in the quarter.
123jump.com Staff
22 May, 2009
New York City
Infrastructure, construction and petroleum stocks closed higher as investors hope faster economic reforms. Talks of partial deregulation of petrol and diesel prices gained momentum. ITC profit increased 10% and NTPC net surged 58%. Rupee gained against dollar and euro.
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.
