Market Update

Brooks Automation Plunges; Expeditors, ICE Rise

123jump.com Staff
10 Feb, 2009
New York City

Brooks Automation plunges on first quarter loss. Expeditors International, IntercontinentalExchange and Molson Coors Brewing Company surge. General Motors Corporation cuts 10,000 salaried jobs.

Budget Deficit in India Surges, Stocks Rise

123jump.com Staff
10 Feb, 2009
New York City

The budget deficit in India forecasted to widen 6% in fiscal 2009 according to investment banker Kotak Mahindra Bank. India Tea Production Rises 4% to 981 million kilos in 2008. DLF jumped 8.4% to 151.60 rupees on news the company has secured long-term loans of about 2,000 crore rupees.

Australian Stocks Fall, AWB Net Drops

123jump.com Staff
10 Feb, 2009
New York City

Australian market averages fell after a report from National Australia Bank showed business confidence declined to a record in January. Investor sentiment was further weakened after AWB cautioned its first half profit may drop 55% in the first half.

Bad Loans On the Rise in Japan

Darlington Musarurwa
10 Feb, 2009
New York City

Stocks in Tokyo edged lower after consumer confidence dropped the most in 26 years and bad loans in the six months to September rose sharply. The loan quality at nine largest banks deteriorated as exports slow and manufacturing and construction struggles.

Inflation in China Eases

123jump.com Staff
10 Feb, 2009
New York City

Consumer price index in China eased 1% in January from the same period a year ago and increased 0.9% from December. China Southern Airlines fell 1.5% to HK$1.36 after saying it plans to issue Rmb2.3 billion worth of A shares at Rmb3.16 per share and $148 million worth of H shares at Rmb1 per share.

Lockheed Martin Q4 Earnings Call Transcript

123jump.com Staff
09 Feb, 2009
New York City

Lockheed Martin Q4 Earnings Call Transcript The military contractor net sales rose 3% to $11.1 billion. Quarterly net earnings increased 3% to $823 million. Earnings per share rose to $2.05 from $1.89 last year. The company generated a record $4.4 billion in cash from operations in fiscal 2008.

Whirlpool, NYSE Drop; Hartford, GE Surge

Mayank Mehta
09 Feb, 2009
New York City

Whirlpool Corporation plunges on fourth quarter earnings. Administaff, British bank Barclays and China based travel agency Ctrip.com Surge. CNA Financial Corporation plunged on fourth quarter loss.

U.S. Stocks Await Bank Plan Details

123jump.com Staff
09 Feb, 2009
New York City

In New York trading stocks edged lower as U.S. lawmakers debate and traders and economists look for the stimulus package details. NYSE Euronext dropped after it reported quarterly losses of $1.34 billion after it booked $1.60 billion of write down related to France based Euronext acquisition.

Banks in Germany, Autos in France Gain

123jump.com Staff
09 Feb, 2009
New York City

European market indexes edged lower despite a rise in banks in Frankfurt and auto stocks in Paris. France is expected to unveil a second bailout package for the auto inustry and is likely to commit as much as 6 billion euros. Banks rose after Barclays in UK reported better than expected earnings.

Barclays Net Up 49%, Hammerson Rights Issue

123jump.com Staff
09 Feb, 2009
New York City

The benchmark stock index in U.K. rose marginally led by Barclays after the lender reported a strong second half performance leveraged by the acquisition of Lehman Brothers North American business. Of the FTSE 100 index stocks, 65 rose, 36 declined, and one was unchanged.

BG Group Bids A$796 Million to Pure Energy

123jump.com Staff
09 Feb, 2009
New York City

BG Group launches a rival bid for Pure Energy. The all cash bid offered for the company A$796 million and the bid may be revised if Arrow Energy raises its offer of cash and stock. Job placement ads in January across the nation declined 6.3% and fell nearly 40% from a year ago.

Japan Machinery Orders Rise, Nisasn Loss

Darlington Musarurwa
09 Feb, 2009
New York City

The ministry of finance in Japan reported that the current account surplus declined 34.3% to 16.28 trillion yen in 2008, falling the most in three years. Corporate bankruptcies in Japan climbed 15.8% to 1,360 cases in January, increasing the most since 2003.

Stocks in Shanghai Surge, Hong Kong Edges Higher

123jump.com Staff
09 Feb, 2009
New York City

Stocks in Shanghai surged and in Hong Kong edged higher after a steady rise in commodities prices. Commodities and stocks linked to the industry maintained their momentum on the hopes that the government stimulus will sustain the demand.

Sensex Surges, Budget Expectations

123jump.com Staff
09 Feb, 2009
New York City

The statistical agency of India estimated growth in the second half in the current year in India at a slower pace and for the year estimated a growth of 7.1%. Manufacturing industry association survey indicated a decline in production among 96 industry sub groups. Stocks surged.

U.S. Stocks Gain 3%, Weak Job Report

123jump.com Staff
06 Feb, 2009
New York City

U.S. benchmark indexes gained more than 3% on top of a rise of 1.5% yesterday. The stocks in the face of a gloomy jobless claims report and a rise in unemployment rate above 7.5%. Manufacturing indexes in Germany and UK declined. Toyota reported weaker than expected sales. Stocks in China surge.