123jump.com Staff
20 Apr, 2009
New York City
Sun Microsystems agreed to be acquired by Oracle for $7.4 billion two weeks after IBM walked away from the deal. The deal will test alliances between Oracle and other two server makers HP and Dell. Oracle for the first time will sell hardware and software.
123jump.com Staff
20 Apr, 2009
New York City
The bank holding company reported net revenues increased 13% to $9.4 billion in the quarter. Net quarterly income rose 20% to $1.8 billion helped by record revenues in fixed income, currency and commodities unit. Earnings per share rose to $3.39 from $3.23 a year-ago quarter.
123jump.com Staff
19 Apr, 2009
New York City
The apparel retailer total quarterly sales declined 23% to $327.9 million on comparable store sales fall of 24.6%. Net loss plunged 113% to $366.5 million in the quarter. The company lost $6.85 a share compared to a loss of $3.22 a year-ago quarter.
123jump.com Staff
18 Apr, 2009
New York City
Google first quarter revenue rose 41% to $5.19 billion and net income rose 31% to $1.31 billion. Earnings per share came in at $4.12 as against $3.18 a year earlier. Free cash flow was a touch shy of $2 billion.
123jump.com Staff
18 Apr, 2009
New York City
Micron second quarter net sales declined 27% to $993 million due to slump in demand and prices. Micron reported a net loss of $751 million or $0.97 per diluted share for the quarter, compared to a loss of $777 million or $1.01 per share in the prior year quarter.
123jump.com Staff
18 Apr, 2009
New York City
The discount retailer quarterly sales increased 8.7% to $1.99 billion on comparable store sales rise of 6.4%. Net income surged 33% to $84.1 million in the quarter. Earnings per share rose to 60 cents from 45 cents a year-ago quarter.
123jump.com Staff
17 Apr, 2009
New York City
Banks rallied on the hopes that adjusted earnings are better than GAAP earnings and Citigroup reported its first quarterly earnings in six quarters. Gazprom, Russian gas giant raised $2.5 billion in international bond offering, first from Russia in nine months. Carrefour quarterly sales declined.
123jump.com Staff
17 Apr, 2009
New York City
In Australian trading, the focus was still on currencies as stocks were unchanged. The currencies of Australia and New Zealand continue to slide after the weak economic report from China. The retailer Woolworths third quarter sales rose 6.5% on same store sales gain in Australia of 8.8%.
123jump.com Staff
17 Apr, 2009
New York City
Bank of Japan reported that economic conditions in each of nine metrics deteriorated with exports and business fixed investment leading the decline. Cabinet office reported today that the countries confidence index advanced to 28.9 in March from 26.7 the previous month.
Mayank Mehta
17 Apr, 2009
New York City
Tyco Electronics Ltd led gainers in the S&P 500 index with a rise of 14.7%. Google Inc first quarter net rises. Mattel, Inc first quarter loss widens and losses at PPG Industries. Callaway Golf declined 6% after it forecasted weaker than expected earnings. DryShips surges on $500 million offering.
123jump.com Staff
17 Apr, 2009
New York City
Investors in the morning appear to be undecided or on sidelines after General Electric and Citigroup reported their earnings. Stocks traded lower in the morning. Revenues in the quarter surged 99% to $24.8 billion on a smaller write down in mortgage securities of $2.3 billion.
123jump.com Staff
17 Apr, 2009
New York City
The aluminum maker quarterly revenue declined 44% to $4.15 billion. Net loss generated was $497 million in the quarter. The company lost 61 cents a share compared to earnings of 37 cents a year-ago quarter and changes to procurement practices saved $293 million in the quarter.
123jump.com Staff
16 Apr, 2009
New York City
Technology and banks led the gainers in New York trading. After the close, Google Inc reported higher than expected earnings. In Japan NEC and Renesas are discussing merger to create the largest semiconductor maker in Japan. China reported its slowest quarterly expansion in a decade.
123jump.com Staff
16 Apr, 2009
New York City
In the first quarter economy expanded at 6.1% in China, the sharpest decline in two decades and slowest growth in a decade. Inflation in China declines to 1.2% in March as retailers and suppliers face shrinking domestic and export demand.
123jump.com Staff
16 Apr, 2009
New York City
Japan government is preparing to issue 17 trillion yen or $170 billion of bonds to fund economic expansion. Investor sentiment was low after China reported slowest economic expansion in a decade. NEC plans to merge with Renesas Technology to create the largest semiconductor company in Japan.
