Darlington Musarurwa
26 May, 2009
New York City
Investors are still digesting the impact of recent share sales announced or completed by several companies. Investors are still digesting the impact of recent share sales announced or completed by several companies.
In Hong Kong property stocks gained but in Shanghai energy related stocks fell.
123jump.com Staff
26 May, 2009
New York City
The medical device maker net sales decreased 1% to $3.8 billion in the quarter. Net quarterly profits plunged 69% to $250 million impacted by in-process research and development charges. Earnings per share slumped to 22 cents from 72 cents in the prior-year quarter.
123jump.com Staff
26 May, 2009
New York City
Zions led gainers in the S&P 500 index with a rise of 5.9%. Chimera Investment declined more than 6%. Chemed Corporation gained 3% after MMI Investment withdrew its slate of board of directors. Morgan Stanley acquires a minority stake in real estate developer in India.
123jump.com Staff
26 May, 2009
New York City
Stocks in India declined on worries of rising government deficit and inflation. Investors worry that recent 8,000 crore rupees offering from real estate companies may dry liquidity in the market. Chief executive and family board members of Ranbaxy Laboratories resigned.
123jump.com Staff
26 May, 2009
New York City
Investors in Japan focused on weak global market conditions and prospect of rising inflation as metals and energy prices stay elevated. Revised economic outlook from the Cabinet Office and the Bank of Japan failed to sway financial markets. Real estate developers and retailers closed higher.
123jump.com Staff
25 May, 2009
New York City
The technology solutions provider net quarterly sales dipped 3% to $27.4 billion. Net quarterly income declined 17% to $1.7 billion. Earnings per share slipped to 70 cents from 80 cents a year-ago quarter. The company estimates earnings between 64 cents and 68 cents a share for the third quarter.
123jump.com Staff
25 May, 2009
New York City
The television maker fourth quarter sales fell 22% to 1.524 trillion yen and loss came in at 294.31 billion yen compared to profit of 6.18 billion yen from a year ago. With cost savings of 300 billion yen, 8000 headcount reductions and eight plant closings the company expects to break even this year
123jump.com Staff
24 May, 2009
New York City
The women''s apparel retailer net quarterly sales decreased 28% to $426.7 million on comparable store sales decline of 30.7%. Net loss incurred was $2.3 million in the quarter. The company lost 4 cents a share compared to earnings of 43 cents a share a year-ago quarter.
123jump.com Staff
23 May, 2009
New York City
The home improvement retailer quarterly sales dropped 1.5 % to $11.8 billion on comparable store sales fall of 6.6%. Net quarterly earnings slumped 21.6% to $476 million. Earnings per share declined to 32 cents from 41 cents a year-ago quarter. The company opened 21 new stores in the quarter.
Sarla Buch
22 May, 2009
New York City
U.S. bond market yields increased as the U.S. government plan to raise $162 billion next week. The yield curve may change if investors do not like the health of the economy as the U.S. prepares to raise $3 trillion in the next eighteen months. Gold stays above $960 and crude oil above $61 a barrel.
Darlington Musarurwa
22 May, 2009
New York City
UK first quarter GDP shrink was left unchanged at 1.9%. Manufacturer preferred to liquidate inventories and conserve cash and consumer spending declined. The GDP declined 4.1% from a year ago. UK miners closed higher after Goldman Sachs speculated capacity constraints for copper and iron ore miners.
123jump.com Staff
22 May, 2009
New York City
European markets were focused on the euro-dollar relationship. The prospect of stronger euro will lower earnings. More investors are forecasting the loss of top rating for dollar. European nations are also running high deficits as economies slow in Germany, Spain, France and Italy.
123jump.com Staff
22 May, 2009
New York City
Australian stocks declined on the weakness in mining and energy stocks. Gold linked stocks closed higher as gold price increased. The rising national debt in the U.S. and UK added strength to Australian dollar.
123jump.com Staff
22 May, 2009
New York City
Salesforce.com, Inc led the decliners in the S&P 500 index of 10.3%. Aeropostale, Inc first quarter profit rises 81%. Nordson Corporation second quarter profit declines. Sears surged after it reported unexpected quarterly profit.
Darlington Musarurwa
22 May, 2009
New York City
Investors overlook positive comments from the Bank of Japan after it left its key lending rate unchanged. The prospect of near term downward debt rating for UK and longer term for the U.S. raised worries that higher yen will lower earnings of Japanese exporters.
