123jump.com Staff
01 Apr, 2009
New York City
Japan business confidence drops to record low in March quarter as managers see no immediate signs of clearing inventories and a rise in sales. Manufacturers in the monthly survey estimated more job cuts. Honda plans to cut production by 62,000 in North America. Stocks closed higher on weak yen.
123jump.com Staff
01 Apr, 2009
New York City
Australian dollar fell after retail sales decline 2% in February however Australian residential approvals rise 7.8% in February. China controlled Minmetals Group and Australian regulators are likely to agree for the sale of international assets of Oz Minerals Ltd. for $1.2 billion.
123jump.com Staff
01 Apr, 2009
New York City
The office-furniture maker quarterly sales declined 28% to $354 million. Net quarterly loss generated was $5.2 million on restructuring charges. The company lost 10 cents a share compared to earnings of 65 cents a year-ago quarter. Orders decreased 38% to $279 million in the quarter.
123jump.com Staff
31 Mar, 2009
New York City
U.S. stocks closed higher today but for the quarter declined sharply. The Dow and S&P 500 index declined more than 13% and 12% respectively and tech heavy Nasdaq Composite lost only 3%. European market indexes closed higher on a rise in banks. Unemployment in Japan and Germany rose.
123jump.com Staff
31 Mar, 2009
New York City
The open source software developer fourth quarter revenue grew 18% to $166.2 million riding on record software license sales while earnings dropped 27% to $16 million. Earnings per share were 8 cents against 10 cents in the year ago quarter.
123jump.com Staff
31 Mar, 2009
New York City
Tiffany''s sales for the fourth quarter dropped 20% to $841.2 million and net earnings plunged 75.6% to $31.1 million. Earnings per share were 25 cents compared with 96 cents last year. For the full year, net earnings dropped 26% to $1.74 per share.
123jump.com Staff
31 Mar, 2009
New York City
The athletic footwear and apparel maker quarterly revenues declined 2% to $4.4 billion. Net quarterly income dipped 47% to $243.8 million hurt by an impairment charge. Earnings per share fell to 50 cents from 92 cents in the year-ago quarter. Worldwide futures orders declined 10% to $6.5 billion.
123jump.com Staff
30 Mar, 2009
New York City
European market indexes declined sharply across the region. Automakers and banks led the decliners list on the worries that GM may be faced with the prospect of bankruptcy and Chrysler and Fiat must agree on terms of collaboration before the receipt of $6 billion bailout aid.
123jump.com Staff
30 Mar, 2009
New York City
U.S. stocks dropped after investors faced bankruptcy prospect at General Motors, more government aid to banks and sharp decline in earnings at the largest aluminum company in China. Metals and crude oil declined in New York, Europe and Asian trading. Markets in Europe and Japan dropped 4%.
123jump.com Staff
30 Mar, 2009
New York City
Lincoln National Corporation led the decliners in the S&P 500 index after it failed to qualify for federal assistance. General Motors declined after it forced out its chief and may seek bankruptcy court protection. Banks led the decliners in the sell-off.
123jump.com Staff
30 Mar, 2009
New York City
U.S. stocks declined on the worries that GM may not be able to avert bankruptcy. General Motors dropped 22%. Citigroup, Wells Fargo, Bank of America and Lincoln National fell sharply after Treasury Secretary suggested that banks will need more money from the government.
123jump.com Staff
29 Mar, 2009
New York City
The restaurateur total sales from continuing operations decreased 0.7% to $1.8 billion on same-restaurant sales fall of 3.2% in the quarter. Net quarterly earnings declined 6.4% to $108.1 million. Earnings per share decreased to 78 cents from 80 cents in the prior-year period.
123jump.com Staff
28 Mar, 2009
New York City
Walgreen second quarter sales rose 7% to $16.5 billion on comparable store sale rise of 1.3% and earnings declined 6.7% to $640 million. Earnings per share were 65 cents against 69 cents in the year ago quarter.
123jump.com Staff
27 Mar, 2009
New York City
U.S. stocks closed lower on weak trading in banks and commodities. Bank leaders met the U.S. President and resisted his calls to separate commercial and investment banking operations but sought clarity on new regulatory regime and compensation restrictions. European markets closed lower.
123jump.com Staff
27 Mar, 2009
New York City
Banks drag European shares. Carmakers rebound. The UK statistics office lowered its estimate of fourth quarter GDP decline on a sharply higher decline in construction activities. Barclays surged 24% on the media speculation that regulators believe that the troubled bank has enough capital for now.
