123jump.com Staff
07 Apr, 2009
New York City
Stocks in Hong Kong fell as investors locked gains after a three-day rally of 11%. Shanghai stocks rose as Beijing announced health care reforms lifting pharmaceutical and medical shares increased. At the end of March, HK foreign exchange reserve rises to $186.2 billion.
123jump.com Staff
07 Apr, 2009
New York City
U.K. manufacturing output drops 6.5% in the three months ending in February. Royal Bank of Scotland plans to cut 9,000 jobs to save nearly 2.5 billion pounds of cost.
123jump.com Staff
07 Apr, 2009
New York City
Casino stocks fell sharply after gambling revenues in February declined at a faster rate than in January. Alcoa dropped ahead of earnings. International Speedway plunged after it lowered its annual earnings estimate. Applied Materials fell after a recently place order was trimmed.
123jump.com Staff
07 Apr, 2009
New York City
By a unanimous vote the Bank of Japan left its key lending rate unchanged at 0.1% and accepted broader collateral from banks. The move is expected to improve credit access at smaller and regional banks. Stocks fell in the session. Softbank Mobile added 2 million net subscribers in fiscal 2008.
123jump.com Staff
07 Apr, 2009
New York City
Australian stocks declined after the Reserve Bank of Australia lowered rate by 0.25% to 3%. The rates have been cut by half in less than six months as the economy is facing its first recession in twenty years. The record low rates in five decades may have to be lowered more if economy remains weak.
123jump.com Staff
07 Apr, 2009
New York City
Earnings jitters and weakness in banks dragged market indexes lower. Soros predicts recent that recent gains as bear market rally. Central banks in Japan and Australia took steps to arrest falling economies. Japan left its key rate unchanged and Australia lowered its lending rate to 3% from 3.25%.
123jump.com Staff
07 Apr, 2009
New York City
SAIC fourth quarter revenue rose 0.08% to $2.52 billion with profit rising by 21.2% to $120 million. Earnings per share were 30 cents as against 25 cents in the same period last year. The whole year revenue was $10.1 billion.
123jump.com Staff
07 Apr, 2009
New York City
William-Sonoma fourth quarter net revenue fell 27% to $1.01 billion while profit fell 90.2% to $12.2 million due 22.3% slump in comp store sales. Earnings per share were 12 cents as against $1.15 a year ago.
123jump.com Staff
06 Apr, 2009
New York City
Techs and banks closed lower after rising for nearly a month. Investors now focused on soon to be released earnings are nervous that though stocks are cheaper compared to a year ago but may have a room fall further. Banks fell on beaish views from an analyst.
123jump.com Staff
06 Apr, 2009
New York City
In London trading stocks closed lower tracking losses in miners and financials. HSBC jumped 5% after it managed to place 97% of its rights offering and raise
123jump.com Staff
06 Apr, 2009
New York City
Stocks in Australia closed higher despite a fall in commodities and crude oil prices. Australian job ad placement declined in March indicating a further rise in unemployment. Jobs ads declined 8.5% from February and plunged 54% from a year ago.
123jump.com Staff
06 Apr, 2009
New York City
The benchmark stock index in Japan gained 1.2% after finance minister Kaoru Yosano said the government will unveil a $100 billion stimulus plan. Bank of Japan in its two-day policy meeting is considering to expanding the collateral for bank lending.
123jump.com Staff
06 Apr, 2009
New York City
Stocks in Hong Kong gained 3% after HSBC received favorable response from investors. The troubled bank raised $18.5 billion through rights issue. HSBC closed up 5.3%. Separately, production of chemicals gained 2.4% in the first two months of this year.
Mayank Mehta
06 Apr, 2009
New York City
Sun Microsystems, Inc led the decliners in the S&P 500 index with a loss of 23.7%. U.S. stocks in the morning traded lower after the negotiations between IBM and Sun Microsystems ended with no deal, weak banking stocks on analyst downgrade and Treasury Secretary Geithner comments.
123jump.com Staff
06 Apr, 2009
New York City
U.S. stocks edged lower on worries that banks may have to face more write-offs. IBM and Sun may have ended their exclusive talks seeking a merger. Banks in Japan are likely to take higher charges. European stocks declined. EU investigators send a list of charges to Visa Europe regarding its fees.
