123jump.com Staff
12 May, 2009
New York City
The U.S. trade deficit in March edged up after weakening in February. Rising energy import prices and stubborn deficit with China, EU, OPEC, Japan and Mexico contributed to the persistent deficit.
123jump.com Staff
12 May, 2009
New York City
U.S. market indexes traded volatile as more banks and companies complete offering of stocks and debts or sell assets. Crude oil price rebounded and traded near $60 a barrel. March trade deficit increased on a rise in imported energy prices and larger decline in exports than in imports.
123jump.com Staff
12 May, 2009
New York City
Stocks surged on speculation that BJP led coalition is likely to lead in the parliament election. Investors are looking for a clear majority for one coalition to lead the nation and bring political stability. Banks, realty and capital goods stocks linked to infrastructure led gainers.
123jump.com Staff
11 May, 2009
New York City
Stocks in Hong Kong and Shanghai dropped on a weakness in financials. China
123jump.com Staff
11 May, 2009
New York City
U.S. stocks declined after investors pulled back from financial stocks. Five banks took advantage of recent market strengths and filed to raise capital. Microsoft is expected to price its first debt offering of as much as $3.7 billion. Markets in Europe declined on a weakness in energy and metals.
123jump.com Staff
11 May, 2009
New York City
Stocks in UK declined after metal prices weakened and HSBC reported a rise in bad debt provisions. Lonmin plunged 10% after it offered a right issue and reported operating loss. Centrica agreed to pay
123jump.com Staff
11 May, 2009
New York City
Economy in India expanded at 6.5% in the fiscal year ending in March of 2009. Stocks and rupee declined ahead of election results and weak sentiment in global markets. Hindustan Unilever dropped after it reported weak earnings rise. Industrial production in March is expected to fall.
123jump.com Staff
11 May, 2009
New York City
Huntington Bancshares Incorporated led gainers in the S&P 500 index with a rise of 10.5%. Clear Channel Outdoor Holdings, Inc posts first quarter loss. Furmanite Corporation first quarter profit declines. The PMI Group, Inc posts first quarter loss but tops street forecast.
123jump.com Staff
11 May, 2009
New York City
More banks use the current market conditions to raise additional capital and cut dividend to meet regulatory capital requirements. Capital One, KeyCorp, BB&T Corp and U.S. Bancorp filed or declared to raise capital.
123jump.com Staff
11 May, 2009
New York City
Australian business conditions improve in April. Santos to raise A$3 billion for expansion in Papua New Guinea and repay $600 million of hybride securities issued in 2004. Exxon controls 41% stake in the venture. Fortescue Metals Group may list its shares in Shanghai.
123jump.com Staff
11 May, 2009
New York City
Stocks in Tokyo edged higher and yen declined 1.3%. The commodities prices in the region remained elevated as the optimism about global economy prevailed. Financials and real estate companies led gainers. Orix surged on estimate of 37% income rise but Bridgestone dropped 7% wider loss.
123jump.com Staff
10 May, 2009
New York City
Web content delivery company first quarter revenue grew 12% to $210.4 million and net income grew marginally to $37.1 million. Earnings per share were flat at 20 cents. The company also announced $100 million share repurchase program to be funded by cash from operations.
123jump.com Staff
09 May, 2009
New York City
Bank of America filed to raise $17 billion in common stock and $3 billion offering debt that is not guaranteed by the FDIC. The bank had Tier 1 capital ratio of 10.1% and Tier 1 common capital ratio of 4.49% at the end of the first quarter.
123jump.com Staff
09 May, 2009
New York City
Wells Fargo completed its common stock offering today and raised $8.6 billion. Morgan Stanley priced its stock offering at $24 a share and including debt raised a total of $8 billion. Bank of America filed to sell 1.25 billion shares.
123jump.com Staff
08 May, 2009
New York City
U.S. stocks rebounded after nineteen banks gained. The stress results reassured investors that banks are strong enough to withstand adverse economic conditions in the next two years.Fifth Third Bancorp soared 59%, SunTrust Banks, Inc advanced 12% and Marshall & Ilsley gained 28%. Oil inched to $60.
