123jump.com Staff
01 May, 2009
New York City
UK stocks closed flat on low trading volume on a day when all other European markets were closed. Copper and Nickel prices rallied after China reported healthy gains in manufacturing for the second month in a row. Kazakhmys surged 10% and other miners including Xstrata and Antofagasta surged.
Mayank Mehta
01 May, 2009
New York City
The Manitowoc Company, Inc led gainers in the S&P 500 index with a rise of 14.6%. The Hartford Financial Services Group, Inc reported quarterly net loss $1.21 billion. Met Life reported first quarter sales declined 12% and reported a net loss.
123jump.com Staff
01 May, 2009
New York City
MasterCard dropped as much as 10% after it reported first quarter sales declined 2.2% to $1.2 billion and net income declined 18%. The gross dollar volume and transactions declined in the U.S. and rose at a curtailed rate in Europe.
123jump.com Staff
01 May, 2009
New York City
Stocks in Japan traded higher for the second day in a row after better than expected earnings from Softbank, Itochu and Fujitsu. Showa Denko plunged on weak outlook. Sumitomo Mitsui has agreed to pay $5.5 billion to acquire Nikko Cordial from Citigroup for $5.5 billion.
123jump.com Staff
01 May, 2009
New York City
Exports, imports and trade deficit in India declined in March. Annual fiscal trade deficit, though smaller than previous year still remain at elevated level. Third phase of election was completed in nine states in India in low voter turnout.
123jump.com Staff
30 Apr, 2009
New York City
U.S. stocks reversed their early gains after Chrysler debt holders and debt holders could not agree. The failure forced first major automaker in the U.S. into bankruptcy throwing in doubts the future of hundreds auto parts maker. Japan lowered its annual economic outlook.
Mayank Mehta
30 Apr, 2009
New York City
Assurant, Inc led the decliners in the S&P 500 index of 10.3%. Akamai Technologies, Inc first quarter profit virtually flat. Alliance Healthcare Services, Inc first quarter revenue hits $132 million. Owens-Illinois, Inc first quarter profit plunges, sales decline.
123jump.com Staff
30 Apr, 2009
New York City
Japan left its key lending rate 0.1% and lowered its outlook for the current and the next fiscal years. The yen declined against the dollar to 97.8445. Exporters gained in trading. Toyota Motor surged 5.2%, Canon increased 6% and Honda surged.
123jump.com Staff
29 Apr, 2009
New York City
Stocks in New York surged after the Fed left it key lending rate range unchanged and forecasted that rates are likely to remain low for extended period of time. The WHO raised its flu alert to the highest level. Bank of America shareholders are deciding the fate of its board and chief executive.
123jump.com Staff
30 Apr, 2009
New York City
Reliance Communications reported a decline in earnings as revenues increase 15% in the quarter. Reliance Capital net drops 14.3%. Videocon second quarter net plunged 71%. Voters in nine states including Maharashtra, Gujarat and Uttar Pradesh are voting today in India.
123jump.com Staff
29 Apr, 2009
New York City
Stocks in Hong Kong and Shanghai surged after banks reported better than expected earnings. China Merchants, China Citic, Bank of China and BoCom earnings surprised investors. Sinopec reported net income surged 85%. China Mobile, the first China controlled company invested in Taiwan after 60 years.
123jump.com Staff
29 Apr, 2009
New York City
European stocks closed higher lifted by a rise in banks and cyclical companies. Siemens earnings lifted German stocks and BNP Paribas and Michelin supported a rise in Paris benchmark index. SAP fell after it reported a drop in earnings. ArcelorMittal led decliners in Paris.
123jump.com Staff
29 Apr, 2009
New York City
UK stocks surged after banks and miners rallied. Revised expectations of lower losses at Royal Bank of Scotland lifted banks. Higher prices of copper and other base metals lifted miners. Punch Tavern surged 39% on adequate capital till 2010.
Mayank Mehta
29 Apr, 2009
New York City
Wyndham Worldwide Corporation led gainers in the S&P 500 index with a rise of 16.7%. American Campus Communities, Inc first quarter net falls. Aetna Inc first quarter earnings beat expectations. Panera Bread Company first quarter earnings per share of 57 cents up 40.3%.
123jump.com Staff
29 Apr, 2009
New York City
U.S. stocks edge higher after the release of first quarter GDP. Bank of America gained 7% ahead of annual general meeting and the fate of its chairman and CEO Ken Lewis is uncertain. E*Trade plunges after reporting a large loss. Arcelor Mittal reports a loss that may require covenant renegotiation.
