Mukesh Buch
01 Jul, 2009
New York City
Home sales indication and slower contraction in manufacturing lifted trading sentiment. Construction activity in May declined 11.7% from a year ago. Crude oil inventories declined but are still at the upper end of the average at the end of last week. AIG plunges 22% after it lost 13% yesterday.
Sarla Buch
01 Jul, 2009
New York City
European indexes closed higher after China reported manufacturing expansion. Retailers gained after the release of German retail sales data. Sodexo increased 3.7% after third quarter sales increased 11%. Auto registration in Italy increased 12% in June on government incentives.
Trupti Mehta
01 Jul, 2009
New York City
Miners lead the gainers after metal prices rise. Copper, zinc and tin closed higher after China reported manufacturing expansion. Marks & Spencer increased after it reported smaller declines in same store sales. National Express chief resigns and hands over the eastern railroad franchise.
123jump.com Staff
01 Jul, 2009
New York City
The homebuilder quarterly revenues declined 21% to $891.9 million partly on fewer sales of completed homes. Net quarterly loss widened 3.5% to $125.2 million. Earnings per share were 76 cents, flat with a year-ago quarter. New home orders rose 63% between the first and second quarters.
Mayank Mehta
01 Jul, 2009
New York City
Constellation Brands, Inc led gainers in the S&P 500 index with a rise of 7.4%. Sealy Corp reported second quarter net loss on charges. Synnex Corp posts higher second quarter profit and lower sales. UniFirst Corp third quarter results beat street views.
123jump.com Staff
01 Jul, 2009
New York City
Stocks indexes in China closed higher after the manufacturing index advanced. The rise lifted stocks of steel makers, equipment makers, realty companies and home builders. The Shanghai Composite index closed above 3,000, the highest close since June 2008 and rebound from a low of 1,706 in November.
Mukesh Buch
01 Jul, 2009
New York City
Japanese stocks closed lower ahead of earnings. Orix, All Nippon and Mizuho Financial plan to raise total of $9 billion. Nikkei index surged 22.8% in first fiscal quarter on a surge in global markets. Construction equipment makers gained after Chinese index of manufacturing increased.
123jump.com Staff
01 Jul, 2009
New York City
Stocks in Mumbai closed higher led by a surge in education and auto related stocks. Tata Motors and Mahindra & Mahindra sales surged 19% and Maruti Suzuki sales soared 23%. Trade deficit in the first two months to May declined 50% in the current fiscal year.
123jump.com Staff
01 Jul, 2009
New York City
U.S. stocks closed lower after consumer confidence declined. Foreclosures rate surged on prime and all loans in the first quarter. Home price index decreased 18.1% in April across the top 20 cities. Dow rose 11%, S&P 500 added 15% and Nasdaq increaesed 20% in the second quarter.
123jump.com Staff
30 Jun, 2009
New York City
Mumbai stocks fell ahead of budget announcements. Infrastructure stocks plunged after GMR shelved its plan to raise capital and Unitech was forced to sell warrants to founding investors group.
123jump.com Staff
30 Jun, 2009
New York City
The grocery chain retailer quarterly sales dipped 1.5% to $22.8 billion. Net quarterly income rose 12.6% to $435.1 million. Earnings per share increased to 66 cents from 58 cents a year-ago quarter. The company estimates earnings between $2.00 and $2.05 a share for fiscal 2009.
123jump.com Staff
29 Jun, 2009
New York City
Darden fourth quarter sales rose 8% to $1.98 billion and net earnings from continuing operations grew 18.87% to $122.8 million, performing well above Knapp-Track benchmark. Earnings per share were 87 cents as against 71 cents in the prior year quarter.
123jump.com Staff
29 Jun, 2009
New York City
Jabil third quarter earnings dropped 13.3% to $2.6 billion with a loss of $28.8 million as against profit of $38.4 million a year ago. Earnings per share were a loss of 14 cents against profit of 19 cents in the prior year quarter.
123jump.com Staff
29 Jun, 2009
New York City
Australian stocks are expected to open higher on the back of global markets rally. Crude oil in New York closed above $71 a barrel. ROC Oil Company raised A$69 million.
Mukesh Buch
29 Jun, 2009
New York City
Global markets closed higher as the rising commodities prices lifted resource stocks. Crude oil traded above $71 a barrel and copper rebounded. Disgraced former chairman of Nasdaq Bernard Madoff was sentenced to 150 years in jail. The U.S. has been at the center of largest crimes against investors.
