123jump.com Staff
10 Jul, 2009
New York City
Stocks in Japan edged lower for the eight day in a row. Yen hovered at 4-month high against dollar and euro and investors turned cautious ahead of earnings next week. Investors are increasingly questioning if the four month rally has come to an end.
123jump.com Staff
10 Jul, 2009
New York City
Nike fourth quarter earnings decreased 7.3% to $4.71 billion with net income dropping 30.3% to $341.4 million due to lower sales and margins and a hefty restructuring charge. Earnings per share were 70 cents as compared to 98 cents in the year ago quarter.
Trupti Mehta
10 Jul, 2009
New York City
North India recorded weakest monsoon rainfall in June in the last 83 years. Industrial production in May increased 2.7% after April data was revised lower to increase of 1.2% from 1.4%. Infosys earnings increased 18% in the fiscal first quarter and increased the lower range of its earnings guidance.
123jump.com Staff
09 Jul, 2009
New York City
American International Group, Inc led the decliners in the S&P 500 index with a loss of 10.8%. Alcoa Inc low orders cause second quarter to post loss. Chattem, Inc second quarter net rises. Nu Horizons Electronic Corp first quarter post net loss.
Mukesh Buch
09 Jul, 2009
New York City
Retailers declined after reporting weak June month same-store sales. The decline was widespread across all types of retailers including discount retailers. Teen apparel retailers and luxury stores reported worst sales declines in the month.
123jump.com Staff
09 Jul, 2009
New York City
Japan stocks fell after yen advanced for the sixth month in a row. Strong yen may crimp earnings of exporters in the current quarter. The retailer Bic Camera declined after its nine months profit plunged 57%. Fast Retailing estimated full year profit to rise 6.3%.
123jump.com Staff
09 Jul, 2009
New York City
Benihana restaurant fourth quarter sales increased 5.3% to $74 million. Profit for the quarter increased 14.9% to $11.4 million due to cost saving initiatives. Earnings per share were 6 cents compared to 17 cents in the year ago quarter.
123jump.com Staff
09 Jul, 2009
New York City
Investors largely ignored the IMF revised higher the economic growth estimate of India for 2009 and 2010. The Washington based international lender has spotty reputation for its policies. Wholesale inflation declined at the end of June.
123jump.com Staff
08 Jul, 2009
New York City
Earnings jitters kept stocks trading sideways. After the close, Data Domain agreed to be acquired by EMC for $2.1 billion. Alcoa reported quarterly loss of 47 cents a share. Chinese government bond offering failed to attract investors as yields are expected to rise.
Sarla Buch
08 Jul, 2009
New York City
UK stocks closed lower after June home prices declined 0.5% after increasing 2.6% in May. A shareholder vote supported Marks & Spencer chief the company chairman. Aviva and Legal & General fell after downgrades and earnings worries.
Mayank Mehta
08 Jul, 2009
New York City
Amgen Inc led gainers in the S&P 500 index with a rise of 15.5%. A. Schulman third quarter profit rises. Family Dollar Stores third quarter net profit rises. Ruby Tuesday reports strong results. IntercontinentalExchange plunged 10% on a possible rule tightening for energy futures trading.
Mayank Mehta
08 Jul, 2009
New York City
China bond sale drew less than expected interest from investors. Investors are worried that rates may be on the rise as China drains liquidity from the markets. Real estate, banks and energy stocks closed lower in Shanghai and Hong Kong.
Trupti Mehta
08 Jul, 2009
New York City
Japan stocks fell sharply as yen strengthened and seasonally adjusted private sector orders in May fell. The current account in the month also declined 34.3% as exports fell 42%. Machinery companies declined after the release of orders data.
123jump.com Staff
08 Jul, 2009
New York City
Australian stocks recovered from 1.5% loss after the release of consumer confidence. The home loan approvals increased 2.2% in May as first-time home buyers were encouraged with government grants. CBH Resources announced a recap plan with A$40 million loan from its largest shareholder Toho Zinc.
Mukesh Buch
08 Jul, 2009
New York City
Mumbai stocks dropped tracking losses in global markets. Worries of rising debt dragged rupee to a 2-month low. Exports in June fell at a slower pace of 29% after falling at 33% in March and April. Educomp Solutions raised $100 million and stocks plunged 10%.
