123jump.com Staff
12 Jun, 2009
New York City
Stocks in Japan closed higher after investors accumulated financials, retailers and industrial companies. Consumer confidence in May reached to eight-month high. Financial closed higher on earnings revisions from brokers. Nikkei 225 Average is now up 10% for the year.
Mayank Mehta
12 Jun, 2009
New York City
Ameriprise completed its 36 million shares public offering. Hartford Financial declined after it agreed to receive $3.4 billion in TARP funds and raise $750 million in an offering. BlackRock agreed to acquire Barclays investment management unit for $13 billion. E*Trade surged.
123jump.com Staff
12 Jun, 2009
New York City
In India, industrial production rose in April on a rise in manufacturing and electricity output. Yield on 10-year bond increased to 6.94% and State Bank of India estimated 4% of loan portfolio in restructuring.
123jump.com Staff
11 Jun, 2009
New York City
The bonds yields declined after better than expected interest from international investors during the 30-year $11 billion bond offering. Bank of America chief cited pressure from the U.S. as one of the reason to complete the Merrill Lynch deal.
123jump.com Staff
11 Jun, 2009
New York City
UK stocks rebounded after talks of economic recovery lifted trading sentiment. Banks closed higher. After the release of earnings Chapelthorpe plunged 10% and Charles Stanley dropped 5%.
Darlington Musarurwa
11 Jun, 2009
New York City
U.S. stocks rallied after retail sales increased for the first time in three months. Unemployment claims declined to the lowest in six months. Vulcan Materials plunged on stock offering and dividend cut. Bank of America, Regions Financial and Fifth Third Bank led gainers.
123jump.com Staff
11 Jun, 2009
New York City
Japan first quarter GDP decline was revised to 14.2% from 15.2% on lower decline in capital spending. Stocks that are expected to benefit from the cyclical recovery in the economy closed higher. Steelmakers surged with Nippon Steel, Kobe Steel and JFE leading gainers.
123jump.com Staff
11 Jun, 2009
New York City
Wholesale inflation in India at the end of May dropped to 0.13% and stocks closed lower after rallying for thirteen weeks. State controlled oil refining and marketing companies fell after crude oil prices increased and IEA revised its demand for global oil demand.
123jump.com Staff
11 Jun, 2009
New York City
European stocks edged higher as more investors focused on the global economic recovery. Industrials, steelmakers and heavy equipment makers gained. Fiat SpA, the sixth largest automaker now focuses on integrating Chrysler and debt reduction.
Darlington Musarurwa
10 Jun, 2009
New York City
European stocks closed higher as energy prices gained. German inflation fell to zero, 22-year low and French manufacturing index declined. UK trade deficit increased. HeidelbergCement lowers its stake in Indonesian cement company and Accor sold 4% stake in Club Med.
123jump.com Staff
10 Jun, 2009
New York City
The yields on U.S. Treasuries increased as the bond auction raised $19 billion. The U.S. budget deficit in May surged 14% to $189.7 billion. Russia may switch some of its dollar reserves in the IMF bonds. Bond yields are now nine-month high as the U.S. debt offering surges.
123jump.com Staff
10 Jun, 2009
New York City
UK stocks edged higher today tracking gains in commodities. Stocks are now following the trends in the commodities and in energy markets. UK production output declined and trade deficit increased to
Darlington Musarurwa
10 Jun, 2009
New York City
Stocks in Japan closed higher after financials and shipping companies rallied. Three largest shipping companies edged higher after comments from Credit Suisse. Separately, K-Line is preparing to cut additional 3 billion yen in costs. Machinery orders declined April.
123jump.com Staff
10 Jun, 2009
New York City
The fashion jewelry retailer first quarter sales declined 22% to $ 523.1 million and net earnings plunged 62.5% to $24 million due to steeper than expected drop in sales. The company earned 20 cents per diluted share, compared with 50 cents from a year ago quarter.
123jump.com Staff
10 Jun, 2009
New York City
Big Lots first quarter sales fell slightly to $1.14 billion with net profit increasing 4.9% to $36.2 million due to lower expenses. Earnings per share were 44 cents as against 42 cents a year ago and are expected to range from $1.85 to $1.95, for the full year.
