123jump.com Staff
16 Apr, 2009
New York City
CVRD cuts benchmark contract prices for Chinese steel mills by 30%. Australia based Leighton Holdings Ltd. scrapped plan through a joint venture to build a new terminal at Dubai airport for nearly $1.3 billion. Australian and New Zealand dollars declined after China reported weak economic growth.
123jump.com Staff
16 Apr, 2009
New York City
Harley-Davidson, Inc led gainers in the S&P 500 index with a rise of 10.2%. AMR Corporation and Cypress Semiconductor Corporation reported narrower than expected first quarter losses. Datalink Corporation slips to loss in first quarter.
123jump.com Staff
16 Apr, 2009
New York City
Two economic reports on jobless claims and new home construction confirm the growing belief that current recession may last longer than 2009. The jobless claims declined at the end of last week, but hovered above 600,000. Housing starts plunged in March, a fall in eight of the last nine months.
123jump.com Staff
16 Apr, 2009
New York City
The homebuilder quarterly revenues plunged 44% to $593 million. Net quarterly loss rose 76.7% to $155.9 million. The company lost 98 cents a share compared to a loss of 56 cents a year-ago quarter. New home deliveries declined 40% to 2,142 and backlog plunged 52% to 1,647 homes in the quarter.
123jump.com Staff
15 Apr, 2009
New York City
U.S. stocks edged higher but tech stocks were weak. Treasuries declined after California plans to sell new bonds that will incur federal taxes. U.S. oil inventories are edging at 18-year high but crude oil price hovered near $50 a barrel. Rio Tinto reported a fall in iron ore production.
123jump.com Staff
15 Apr, 2009
New York City
Stocks in Hong Kong and Shanghai edged higher after a note in the official China Securities Journal suggested revised taxes and fiscal guidelines. The revision was interpreted by market experts as additional measures from the government to stimulate economic growth.
123jump.com Staff
15 Apr, 2009
New York City
New condo offerings in Tokyo metropolitan area decline 46.2% to 2,390 units in March. Nomura seeks Japanese government approval to raise $4 billion in the UK after it successfully raised $100 million in South Africa. The benchmark index Nikkei 225 Average fell 1.1%.
123jump.com Staff
15 Apr, 2009
New York City
Rio Tinto reported a sharp fall in mining output in iron ore, aluminum and copper and coking coal output rose. Leading indicator index in Australia fell sharply in February as the economy struggles with falling domestic demand, tight lending conditions and weak exports growth.
Mayank Mehta
15 Apr, 2009
New York City
Capital One Financial Corporation led the decliners in the S&P 500 index with a loss of 9.2%. CSX Corporation first quarter profit slides to 62 cents a share. Intel Corporation first quarter sales fall 26%. Peabody Energy first quarter revenue triples but falls short of expectations.
123jump.com Staff
15 Apr, 2009
New York City
U.S. stocks edged higher in the morning trading after the latest read on industrial production and consumer price index showed decline. The decline in both indexes was viewed by the market as deferring inflation. Capacity utilization fell to the lowest since data collection began in 1967.
123jump.com Staff
15 Apr, 2009
New York City
CarMax fourth quarter sales dropped 28% to $1.47 billion but net income surged 71.9% to $37.52 million helped by lower expenses and an income at CAF. Earnings per share were 17 cents as compared to 10 cents a year ago.
123jump.com Staff
14 Apr, 2009
New York City
U.S. economic reports overshadowed the better than expected earnings from Johnson & Johnson and Goldman Sachs. UK pound edged higher after a interbank interest rate in London steadily declined. European banks gained on Goldman Sachs earnings. Intel net drops 55% to 11 cents or $647 million.
123jump.com Staff
14 Apr, 2009
New York City
UK stocks dropped as much as 1.1% and pound strengthened on a steady fall in interbank loans. Mining companies rose after copper prices increased. Poland the second nation after Mexico is seeking IMF assistance to support its currency.
123jump.com Staff
14 Apr, 2009
New York City
Australian stocks gained as commodities and gold prices edged higher. Australian business lending falls 14.7% to A$25 billion in February but business confidence increase in March. Qantas slashes its earnings estimate for the fiscal year to as low as A$100 million.
Mayank Mehta
14 Apr, 2009
New York City
Huntington Bancshares Incorporated led gainers in the S&P 500 index with a rise of 16.0%. Bank of the Ozarks first quarter profit surges on higher net interest income. Fastenal Company posts lower first quarter profit and the retailer the Talbots, Inc posts fourth quarter net loss.
