Mayank Mehta
14 Aug, 2009
New York City
India may be forced to lower its economic target in the current year near 6%. Weak monsoon, rising food prices and resurgent world energy prices may slow the economic expansion. The stocks in India may face head-winds on stretched valuations.
123jump.com Staff
13 Aug, 2009
New York City
CB Richard Ellis revenue was $955.7 million for the second quarter, down 27% from last year. The company posted a loss of $6.6 million or 2 cents per share against profit of $16.6 million or 8 cents per share in the year ago quarter.
123jump.com Staff
13 Aug, 2009
New York City
Stocks in Japan are expected to trade higher after the economies of Germany and France expanded and the benchmark indexes in the U.S. closed higher. A rise in metals and energy prices are also expected to lift resource stocks.
123jump.com Staff
13 Aug, 2009
New York City
The deal between Porsche and Volkswagen will end the merger story that involved two rival founding families and regional governments and several banks in the last four years.
Mukesh Buch
13 Aug, 2009
New York City
Stocks in New York trading edged higher after Wal-Mart earnings exceeded market expectations. July retail sales declined. Weekly jobless claims edged up 4,000. Euro area showed signs of rebound. Volkswagen and Porsche ink deal to merge.
Mayank Mehta
13 Aug, 2009
New York City
Euro area economic decline slowed sharply in the second quarter and the economies of Germany, France and Greece expanding. Volkswagen will acquire 42% stake in Porsche. Aegon posts
Mayank Mehta
13 Aug, 2009
New York City
Stocks in UK and Europe gained after economies expanded in the second quarter in France and Germany and the pace of contraction across euro zone declined. The pound strengthened against major currencies. Prudential Plc first half loss narrowed and raised dividend.
Mayank Mehta
13 Aug, 2009
New York City
AutoZone, Inc led the decliners in the S&P 500 index with a loss of 4.2%. Advance Auto Parts second quarter sales and net increased 7%. LDK Solar Co in the second quarter lost $217 million. Wal-Mart edges higher after sales and net edge lower.
Mayank Mehta
13 Aug, 2009
New York City
Stocks in India surged after the government proposed to lower individual and corporate taxes to the lowest on record. The simplified and lowered tax regime with vigorous enforcement is expected to widen the taxpayer base from the current 2.5% of population.
123jump.com Staff
13 Aug, 2009
New York City
The leather goods maker sales dipped 1% to $778 million in the quarter. Net quarterly income decreased 32% to $145.8 million. Earnings per share declined to 45 cents from 62 cents a year-ago quarter. Direct-to-consumer sales rose 3% to $683 million during the quarter.
123jump.com Staff
12 Aug, 2009
New York City
Stocks in Japan edged lower on weak commodities prices and stronger yen. In broader trading stocks declined after a rally that lifted the benchmark index more than 40% in ten weeks.
Mukesh Buch
12 Aug, 2009
New York City
U.S. stocks rebounded after Fed left rates unchanged. Home builders and financials closed higher. U.S. trade deficit grows 4%. The Bank of England is prepared to pump liquidity until inflation rebounds to its target rate of 2%. Japan Price indexes of corporate goods, imports and exports fell.
123jump.com Staff
12 Aug, 2009
New York City
European markets edged higher after consumer prices in France fell and output in 16-nations euro area decreased 0.6% in June. Thomson credit default swaps will be settled after the vote in favor of the settlement. E.ON increased on better than expected adjusted earnings. Nestle drops on earning.
Mayank Mehta
12 Aug, 2009
New York City
The Bank of England in its inflation report indicated that the central bank will continue to pump more liquidity into the financial system as inflation is below its target level of 2%. Jobless claims increased 24,900 in July. TUI Travel drops on pandemic flu worries and Balfour Beatty surges.
Mayank Mehta
12 Aug, 2009
New York City
The Bank of England plans to add liquidity to the financial system as the pace of money supply growth falters and inflation is likely 2% target. The BoE estimated that pace of economic recovery to be highly uncertain and households, banks and public sector need to adjust their balance sheet.
