Mayank Mehta
19 May, 2009
New York City
Tenet Healthcare Corporation led gainers in the S&P 500 index with a rise of 18.2%. American Apparel, Inc swings to first quarter loss. E-House (China) Holdings Limited first quarter profit tops market view. Medtronic Inc cutting 1,500-1,800 jobs in coming weeks.
123jump.com Staff
19 May, 2009
New York City
The U.S. stocks edged sideways in the early trading after the release of weak housing data. Invesco plans to raise $400 million in stock offering and Morgan Stanley sold its remaining stake in the MSCI Inc. Amex plans to cut 6% of its staff. Home builders edged lower after the housing data.
123jump.com Staff
19 May, 2009
New York City
The department store operator quarterly sales dipped 9.5% to $5.2 billion on same-store sales fall of 9%. Net quarterly loss widened 49% to $88 million. The company lost 21 cents a share versus a loss of 14 cents a year earlier and estimates earnings between 40 cents and 55 cents a share in 2009.
123jump.com Staff
19 May, 2009
New York City
Trading in Mumbai was volatile but volume and number of trades surged to a new high. The heavy volume reflected renewed interests from institutional and retail investors. Infrastructure, power and construction companies led the gainers.
123jump.com Staff
19 May, 2009
New York City
The Security Technology company first quarter 2009 revenue rose 21% to $447.71 million and net income surged 77.2% to $53.5 million. Earnings per share were 34 cents as against 18 cents a year ago. The global reseller agreement with HP should help them do even better going forward.
123jump.com Staff
19 May, 2009
New York City
The fashion retailer first quarter net sales decreased 24% to $612.0 million while comp sales decreased 30% with a net loss of $26.8 million, compared to net income of $62.1 million last year. The net loss per share was 31 cents as against earnings of 69 cents last year.
123jump.com Staff
18 May, 2009
New York City
Stocks in New York surged on a rally in financials and talks of banks returning TARP funds. Treasuries fell as yields on 30-year bonds rose to 4.21%. Stocks in India soared 17% in one minute of trading, ahead of trading halts after the ruling coalition widened its margin of election win.
123jump.com Staff
18 May, 2009
New York City
Stocks in Australia declined tracking losses in metal prices. Billabong International lowers earnings outlook and proposed offering to raise A$290 million. Gloucester Coal surged after it agreed to a higher offer from Noble Group.
123jump.com Staff
18 May, 2009
New York City
Strong yen and weak operating net from Panasonic and Yokogawa Electric dragged the benchmark index Nikkei 225 lower 2.5%. Yokogawa led the decliners in the index with a loss of 15%. Suzuki Motors and Kansai Paint gained after the reelection of ruling coalition in India where they lead markets.
123jump.com Staff
18 May, 2009
New York City
Stocks in Colombo surged after the army declared victory over LTTE rebel and also confirmed the death of its leadership including Prabhakaran. Pottu Amman, the chief of intelligence behind the killing of former Indian Prime Minister Rajiv Gandhi was found dead in a battle with the army.
123jump.com Staff
18 May, 2009
New York City
Stocks in London rallied on the back of financial stocks. Lloyds chairman resigned ahead of its annual meeting and launched
Mayank Mehta
18 May, 2009
New York City
Allegheny Energy led the decliners in the S&P 500 index of 8.7%. Lowe
123jump.com Staff
18 May, 2009
New York City
The homebuilder consolidated revenues declined 59% to $587.4 million in the quarter. Net quarterly loss narrowed 26% to $514.8 million including $410.2 million of pre-tax charges. Earnings per share slipped to $2.02 from $2.75 a year-ago quarter. The company generated 3,022 net new home orders.
123jump.com Staff
18 May, 2009
New York City
The benchmark stocks surge triggered trading halts within seconds of opening and reopening forcing the market to shut down for the rest of the day. The unexpected election outcome surprised investors and short covering forced many brokers to scramble for a cover at the reopening.
123jump.com Staff
16 May, 2009
New York City
Rural voters in India again delivered a verdict that surprised most political parties. The clear vote of confidence in the Congress led coalition will give India a stable government for the next five years. Rural voters endorsed a jobs program and demanded greater recognition in national policies.
