123jump.com Staff
20 Feb, 2009
New York City
UK stocks slumped after economic data and poor earnings confirmed that the economic slump was worsening. Car production slumped 59% in January, while home repossessions increased 54% last year. Retail Sales however recovered in January according to the Office for National Statistics.
123jump.com Staff
20 Feb, 2009
New York City
Citigroup Inc led decliners in the S&P 500 index with a slid of 19.1%. Chiquita Brands International, Inc posts sharply wider fourth quarter loss. Intuit Inc second quarter net falls 26%. JC Penney fourth quarter profit drops 51%.
123jump.com Staff
20 Feb, 2009
New York City
The beverage maker quarterly revenues decreased 3% to $7.13 billion and net earnings declined 18% to $995 million in the quarter. Earnings per share decreased to 43 cents from 52 cents a year ago quarter. The company generated a 4% increase in worldwide unit case volume.
123jump.com Staff
20 Feb, 2009
New York City
Consumer price index showed a mild rebound in January after dropping in December. The rebound, unexpected is not likely to persist in the rest of months in the first quarter but inflation may be on the rise in the longer term. The reckless spending in Washington may raise the inflation curve.
123jump.com Staff
20 Feb, 2009
New York City
World stocks are on the decline as prices of metals and corporate earnings declined. Gold price crossed $1,000 an ounce and market indexes in Europe drop to five-year lows. Stocks in Japan drop to 24-year lows. Corporate earnings remain weak and investor confidence in Europe and U.S. is at its low.
123jump.com Staff
20 Feb, 2009
New York City
Blackboard fourth quarter revenue rose 35% to $85 million over the fourth quarter of 2007. Net income dropped by 33.3% to $3 million and earnings per share was 9 cents against 14 cents in the year ago quarter.
123jump.com Staff
19 Feb, 2009
New York City
European market indexes closed mixed after a string of weak earnings. Germany is planning to provide financial assistance to troubled banks and countries in the Eastern European region. Nestle rose after it reported better than expected earnings.
123jump.com Staff
19 Feb, 2009
New York City
Baidu fourth quarter net income surges 31% from a year ago. Hewlett-Packard rises despite lower earnings outlook. Expedia posts fourth quarter loss of $2.76 billion. Whole Foods Market, Inc led gainers in the S&P 500 index with a surge of 32.1%.
Darlington Musarurwa
19 Feb, 2009
New York City
U.S. stocks edged sideways after the higher than expected claims of unemployment and a rise in producer price index. Bond yields fell.The euro rebounded on the speculation that Germany will provide additional liquidity to banking system and offer economic stimulus package to industries.
Darlington Musarurwa
19 Feb, 2009
New York City
The Bank of Japan left its key lending rate unchanged at 0.1% and expanded its asset purchase facility. The latest move is to inject liquidity in the economy as banks remain weary in offering financing to corporations.
123jump.com Staff
19 Feb, 2009
New York City
The health insurer quarterly revenues rose 8% to $4.8 billion and generated net loss of $209 million for the quarter. Earnings per share decreased to 77 cents from 93 cents a year ago quarter. The company estimates earnings per share between $3.95 and $4.25 for fiscal 2009.
123jump.com Staff
19 Feb, 2009
New York City
The homebuilder quarterly revenues declined 43% to $1.7 billion. Net loss decreased 61% to $338 million from prior-year quarter. Earnings per share reduced to $1.33 from $3.46 in the last year quarter. The total backlog plunged 75% to $631 million. The company booked 1,763 new home orders.
123jump.com Staff
19 Feb, 2009
New York City
The largest graphic chip supplier fourth quarter revenue dropped 60% to $481.1 million as demand plummeted with a loss of $147.7 million or 27 cents a share compared with a profit of $257 million and 42 cents a share a year ago.
123jump.com Staff
19 Feb, 2009
New York City
Building materials manufacturer third quarter revenue fell 20% to $137.8 million with profits dropping by 50% to $11.3 million. Earnings per share were 26 cents against 50 cents in the prior year quarter.
123jump.com Staff
19 Feb, 2009
New York City
The oilfield services company fourth quarter revenue increased by 9.9% to $6.87 billion but earnings declined 16.7% to $1.15 billion as expense surged and demand eroded. Earnings per share were $0.95 as against $1.12 from a year ago quarter.
