123jump.com Staff
26 Mar, 2009
New York City
UK stocks gained on the strength in financials and mining stocks and better reception to its latest debt auction of inflation protected bonds. The UK government placed 1.1 billion pounds of bonds expiring in 2022 offered with real yield of 1.375%. The auction bids were 2.7 times the offer size.
123jump.com Staff
26 Mar, 2009
New York City
U.S. stocks traded higher on better than expected earnings and optimistic interpretation of latest economic data. The positive sentiment lifted stocks in energy, metals, consumer driven sectors and technology stocks. U.S. sold 7-year Treasury note at 2.38% yield sparking relief in the debt market.
123jump.com Staff
26 Mar, 2009
New York City
Stocks in Tokyo trading closed higher on a rally in export driven companies.Markets in Japan have rallied with the global markets rallying since hitting the low on March 9. Market indexes in Tokyo are up 22%. Morgan Stanley and Mitsubishi UFJ merge their brokerage operations.
123jump.com Staff
26 Mar, 2009
New York City
Stocks in Mumbai surged on a sharp fall in inflation. The latest wholesale price index in the week of March 14 dropped to the lowest level in the last two decades. Reliance Industries is expected to start the natural gas shipment in April.
123jump.com Staff
26 Mar, 2009
New York City
U.S. stocks traded higher at mid-day. Best Buy Revenues rose 10% and net declined 23% but forecasted better than expected annual earnings. Dr Pepper Snapple estimated higher than expected annual earnings. GameStop gained on 22% rise in earnings. Red Hat surged 10% after net fell less than expected.
123jump.com Staff
26 Mar, 2009
New York City
The teen apparel retailer fourth quarter net sales rose 17% to $690 million on same-store sales rise of 6%. Net quarterly income increased 5% to $68.2 million. Earnings per share rose to $1.01 from 95 cents a year-ago quarter. The company opened 12 stores in the quarter.
123jump.com Staff
26 Mar, 2009
New York City
The final read on the GDP for the fourth quarter was revised downwards to 6.3%. The fourth quarter decline in economy was the weakest since 1982. More than five million people are collecting unemployment benefits in the U.S.
123jump.com Staff
26 Mar, 2009
New York City
Stocks in Hong Kong and Shanghai gained on better than expected economic data in the U.S. and better than expected earnings from Hutchison Whampoa and Cheung Kong Holdings. ICBC surged 15% after Goldman Sachs agreed to hold 80% stake for another year.
123jump.com Staff
07 Oct, 2008
New York City
The vertically integrated PV product manufacturer quarterly revenues rose 120.5% to $289.7 million. Net quarterly income surged 227.6% to $30.2 million. Earnings per share were 23 cents in the quarter. The company estimates net revenues between $1,053 million and $1,106 million for fiscal 2008.
123jump.com Staff
25 Mar, 2009
New York City
European stocks closed higher despite a weaker than expected business confidence index in Germany. Inditex reported flat same store sales and annual earnings rise of 3% on international sales increase. Norway cuts its rate to 2%. Siemens cautioned that market conditions are deteriorating.
123jump.com Staff
25 Mar, 2009
New York City
U.S. stocks closed higher on better than expected rise in durable goods orders and new home sales in February. U.S. Treasury auction yields rose despite the Fed purchase of 22% of the $34 billion of five year note offering. Separately, the UK debt auction failed to cover, first time since 2002.
123jump.com Staff
25 Mar, 2009
New York City
UK gilt offering fails to cover for the first time in seven years. J. Sainsbury Plc same store sales including fuel in the fourth quarter gained at the slowest pace. Legal & General dropped 7.2% after it reported 2008 net loss of 1.1 billion pounds and cut its dividend by half to 2.05 pence.
123jump.com Staff
25 Mar, 2009
New York City
The UK government failed to attract buyers to finish its auction for treasury securities known as gilts. Investors shied away from the long dated maturities when the inflation is on the rise, pound is weak and government is planning to huge amount of debt.
Mayank Mehta
25 Mar, 2009
New York City
CB Richard Ellis Group, Inc led gainers in the S&P 500 index and Salesforce.com Inc led decliners in the index. Jabil Circuit, Inc reported second quarter net loss but adjusted operating earnings beat consensus estimates. Robbins & Myers, Inc second quarter net down 7.4%.
123jump.com Staff
25 Mar, 2009
New York City
The logistics services company reported quarterly revenue dipped 14% to $8.14 billion. Net income plunged 75% to $97 million in the quarter. Earnings per share slumped to 31 cents from $1.26 a year-ago quarter. The company expects earnings between 45 cents and 70 cents in the fourth quarter.
