123jump.com Staff
23 Apr, 2009
New York City
American Express reported first quarter revenues declined 18% and earnings dropped 56%. Rising unemployment and weak economy lifted charge-off for the third quarter in a row.
123jump.com Staff
23 Apr, 2009
New York City
Amazon.com reported sales rise of 18% to $4.89 billion and earnings gain of 23% to $277 million. Sales at North American sites increased 21% and at international sites increased 15%. Free cash flow increased 82% to $1.43 billion.
123jump.com Staff
23 Apr, 2009
New York City
Earnings from eBay, Apple and Marriott lift stocks in the afternoon trading in New York. Toyota reported sales decline for the full year. UK government bonds and pound are likely to face headwind with the issuance of more debt guarantees.
Mayank Mehta
23 Apr, 2009
New York City
Pactiv Corporation led gainers in the S&P 500 index with a rise of 21.9%. Torchmark Corporation led the decliners in the S&P 500 index with a loss of 11.3% followed by losses in Thermo Fisher Scientific Inc of 11.2%, in Robert Half International Inc of 9.8%. AllianceBerstein earnings plunge.
123jump.com Staff
23 Apr, 2009
New York City
U.S. stocks edged lower after unemployment claims rise in the last week. March existing home sales declined at 3% annual rate from February to 4.57 million and fell 7.1% from a year ago month. Median home prices declined 12% from a year ago. Northeast sales decline of 8% led the nation.
123jump.com Staff
23 Apr, 2009
New York City
Credit Suisse returned to profitability on a rise in income. Tier 1 capital ratio increased as the bank lowered its risk profile. The bank benefitted from the net new asset flows in asset management. The investment bank reported net income of $1.9 billion and tier 1 capital ratio of 14.1%.
123jump.com Staff
23 Apr, 2009
New York City
The semiconductor chip maker revenue declined 26% to $7.1 billion in the first quarter. Net quarterly income plunged 55% to $647 million amid lower revenue and deteriorating margins. Earnings per share plummeted to 11 cents from 25 cents a year-ago quarter.
123jump.com Staff
22 Apr, 2009
New York City
Apple reported a surge in iPhone sales in the latest quarter and reported better than expected earnings. Apple earned $1.33 a share. eBay earnings and sales fell compared to a year ago on a decline in gross transaction on its marketplaces sites. eBay earned 39 cents a share in the quarter.
123jump.com Staff
22 Apr, 2009
New York City
Stocks in New York fell on renewed worries that stress-test results may require banks to raise more capital. UK in its latest budget estimated economy to shrink and proposed to borrow nearly double than its previous estimate. Japan recorded its first annual deficit.
123jump.com Staff
22 Apr, 2009
New York City
A sharp fall in world trade has led China Cosco to delay three of its nine container liners orders and may delay unknown number of commodity vessels. China Shipping Container Lines Co also estimated loss in the first quarter. Jiangxi Copper first quarter net income dropped 89% from a year ago.
123jump.com Staff
22 Apr, 2009
New York City
UK in Budget 2009 proposed to increase tax for the upper income earners, sharply increase the borrowings and increase public spending to support housing markets and banks. The pound, stocks and bonds fell after the government plans to sell
Mayank Mehta
22 Apr, 2009
New York City
KeyCorp led the decliners in the S&P 500 index with a loss of 8.0%. AT&T Inc first quarter profit falls. Capital One Financial Corporation first quarter sales fall. SanDisk Corporation shares jump on sales rebound. Las Vegas Sands rises on amended credit terms.
123jump.com Staff
22 Apr, 2009
New York City
U.S. stocks edged higher after a flood of earnings news met most investors expectations of lower earnings. Memory chips makers gained in the morning trading on probable price increase from the recent lows. Morgan Stanley declined after it reported wider than expected losses.
123jump.com Staff
22 Apr, 2009
New York City
Japan registered its first annual trade deficit in thirty years. Exports and imports declined in March but at a slower pace than in February. Weak exports from Japan to China and U.S. continue to affect global trade. Japan may bailout Elpida Memory and Pioneer using public funds.
123jump.com Staff
22 Apr, 2009
New York City
BHP reported that it is selling 28% of its iron ore output in the spot market as more steelmakers in China and Japan defer the demand. The spot prices are at least 33% lower than the contract prices. Australian inflation dipped at the end of the first quarter dimming the prospect of rate cut.
