123jump.com Staff
10 May, 2009
New York City
Web content delivery company first quarter revenue grew 12% to $210.4 million and net income grew marginally to $37.1 million. Earnings per share were flat at 20 cents. The company also announced $100 million share repurchase program to be funded by cash from operations.
123jump.com Staff
09 May, 2009
New York City
Bank of America filed to raise $17 billion in common stock and $3 billion offering debt that is not guaranteed by the FDIC. The bank had Tier 1 capital ratio of 10.1% and Tier 1 common capital ratio of 4.49% at the end of the first quarter.
123jump.com Staff
09 May, 2009
New York City
Wells Fargo completed its common stock offering today and raised $8.6 billion. Morgan Stanley priced its stock offering at $24 a share and including debt raised a total of $8 billion. Bank of America filed to sell 1.25 billion shares.
123jump.com Staff
08 May, 2009
New York City
U.S. stocks rebounded after nineteen banks gained. The stress results reassured investors that banks are strong enough to withstand adverse economic conditions in the next two years.Fifth Third Bancorp soared 59%, SunTrust Banks, Inc advanced 12% and Marshall & Ilsley gained 28%. Oil inched to $60.
123jump.com Staff
08 May, 2009
New York City
Stocks in Europe close higher after the release of jobless data in U.S. The banks rebounded on the optimism stirred after the U.S. Fed reassured investors about the health of largest banks. Luxottica surged 10% after net fell 22.5%. Commerzbank net loss surged to
123jump.com Staff
08 May, 2009
New York City
UK stocks rallied on the back of positive trading sentiment after lower than expected jobless claims in the U.S. Royal Bank of Scotland surged on 26% increase in revenues. Miners climbed higher on a rise in commodities prices. Producer Price index increased at a faster pace in April.
123jump.com Staff
08 May, 2009
New York City
Ahead of last phase of parliament elections, stocks in Mumbai declined. Commodities prices fell. Wholesale price index increased at 0.7% as measured inflation hovers near three-decade low. DLF founders are in a deal to sell stake in the company and raise at least $420 million.
123jump.com Staff
08 May, 2009
New York City
Hong Kong Monetary Authority reassured investors that banks have adequate capital after conducting their own tests. The central bank also suggested that the island is attracting net capital which contributed to the rally in the last seven sessions. Foreign currency reserves increase by $7.1 billion.
123jump.com Staff
08 May, 2009
New York City
Financials and insurers surged after the U.S. regulators required only ten banks to raise $75 billion. Investor were cautious after larger than expected loss at Toshiba and an estimate of loss at Fuji Heavy Industries. Toyota annual sales declined 22% and estimated operating loss in fiscal 2010.
123jump.com Staff
08 May, 2009
New York City
The Reserve Bank of Australia estimated that the economy will shrink at 1.2% by the second quarter and regain its momentum by the end of the year. The bank cited strength of its exports and links to China and stable financial sector in the county. OZ Minerals urges investors to support China deal.
123jump.com Staff
07 May, 2009
New York City
The results of stress tests released this evening may not quiet the debate about the methods of tests and if banks are adequately capitalized. The regulators asked ten of the nineteen banks to raise $75 billion by November and indicated that most banks are healthy to withstand adverse economy.
123jump.com Staff
07 May, 2009
New York City
U.S. stocks opened higher on comments from Treasury Secretary but closed lower ahead of stress-test results. The central banks in Europe and England took accommodative stance to the economy. The ECB lowered rates and BoE increased its plan to purchase government debt and kept the rate unchanged.
123jump.com Staff
07 May, 2009
New York City
UK stocks closed flat after the Bank of England left its key rate unchanged and the ECB lowered its rate to 1%. The Bank of England said that it will increase its purchase of government debt by
123jump.com Staff
07 May, 2009
New York City
Australian stocks surged after the unexpected fall in the unemployment rate and a rise in international prices of metals and energy. The Australian dollar gained against most currencies after the unemployment rate declined to 5.4% in April and crude oil price jumped above $56 a barrel.
123jump.com Staff
07 May, 2009
New York City
Stocks in Japan closed higher on optimistic view of the global economy, rising commodities prices and freight rate index. Investors bid up stocks after three days of holiday and on the view that U.S. banks will not be nationalized.
