ticker

Login

Nvidia Target Corp. Dolby Laboratories Onsemi Home Depot Walt Disney StubHub Applied Materials Sweetgreen

Market Update

Northern Rock Portfolio Declines, UK Stocks Fall

123jump.com Staff
03 Mar, 2009
New York City

U.K. construction activity falls in February. Northern Rock residential mortgages portfolio declines 27% to

Second Day 2% Drop in Stocks in India

123jump.com Staff
03 Mar, 2009
New York City

Stock prices declined after foreign investors sold stocks and repatriated capital to home market. The benchmark index declined more than 2% for the second day in a row. The foreign fund outflow is expected to rise as emerging markets remain depressed.

HK Property Sales Fall, HBSC Plunges 19%

123jump.com Staff
03 Mar, 2009
New York City

Hong Kong property sales fall 12.4% to February. HSBC fell 18.8% or $17 billion in market capitalization after it reported a sharp drop in earnings and offered to raise nearly $18 billion at 51% discount from the stock price.

Toyota $2 Billion Loan Assistance

123jump.com Staff
03 Mar, 2009
New York City

Japan stock indexes fell after automaker Toyota Motor Corp. asked for an emergency bailout package from the Japan Bank for International Cooperation as slowing global demand continue to affect production and squeeze margins. Toyota to ask for $2 billion loan.

Australia Holds Rates, Retail Sales Weak

123jump.com Staff
03 Mar, 2009
New York City

Australia keeps interest rates unchanged at 3.25%. Australia retail sales increase 0.2% to A$19.2 billion in January. Current account deficit falls 32% to A$6.5 billion in December quarter.

Lowe

123jump.com Staff
02 Mar, 2009
New York City

The home improvement retailer quarterly sales dipped 3.8% to $10 billion on comparable store sales fall of 9.9%. Net earnings plummeted 60% to $162 million in the quarter and earnings per share declined to 11 cents from 28 cents a year-ago quarter. The company opened 33 stores during the quarter.

United Natural Foods Q2 Earnings Call Transcript

123jump.com Staff
02 Mar, 2009
New York City

The food distributor quarterly net sales rose 2% to $847.6 million. Net income increased 50% to $13.6 million in the quarter. Earnings per share rose to 32 cents from 21 cents a year ago quarter. The company estimates earnings per share between $1.28 and $1.36 in fiscal 2009.

World Markets Plunge; AIG Loss, HSBC Offering

123jump.com Staff
02 Mar, 2009
New York City

World markets dropped as earnings worries, deepening economic crisis and as some of the largest banks and industrial companies fell sharply in New York. Markets in U.S., UK, Switzerland, Brazil and Argentina dropped more than 4%.

Millicom Drop 12%, State Street Fall 10%

123jump.com Staff
02 Mar, 2009
New York City

American Capital Ltd led the decliners in the S&P 500 index with a loss of 16.2%. American International Group, Inc posts $61.7 billion in fourth quarter loss. Atlas America, Inc posts loss in fourth quarter. Clear Channel Outdoor Holdings, Inc reports $3 billion loss in fourth quarter.

UK Stocks Plunge, HSBC Worries

123jump.com Staff
02 Mar, 2009
New York City

London market averages fell 5% after HSBC announced the largest rights issue of

Sensex Index Falls, January Trade Deficit

123jump.com Staff
02 Mar, 2009
New York City

Exports from India decline 15.9% to $12.38 billion in January and trade deficit in the month persisted at elevated level in the month. For the ten months deficit surged 50% despite a fall in oil prices. Sensex Index dropped 3.2%. National elections are announced to begin on April 16.

Australian Stocks Fall on Weak Manufacturing

123jump.com Staff
02 Mar, 2009
New York City

Australian wages and salaries increase 0.2% in the December quarter and new home sales advance 8% in January. Australian manufacturing index drops in February. Stocks in Australia fell on a weakness in metal prices and worries that industrial activities will slowdown in the rest of the year.

Stocks in Tokyo Plunge, Auto Sales Dip

123jump.com Staff
02 Mar, 2009
New York City

Japan stock indexes dropped after wages dropped in January on worsening conditions on the global financial markets. Domestic sales of new cars excluding mini-vehicles fell 32.4% to 218,212 units in February as sales from Toyota and Honda plunged 32% and 21% respectively.

HSBC Rights Issues at 51% Discount

123jump.com Staff
02 Mar, 2009
New York City

Stocks in Hong Kong fell sharply after HSBC reported a larger than expected loss and proposed to raise 12.5 billion pounds at 51% discount to the latest closing price.

GDP Shrinks at 6.2%, GE Cuts Dividend

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

U.S. stocks closed lower after a sharp revision in the fourth quarter estimate of GDP shrink to 6.2%. General Electric cut 68% its dividend and save $9 billion. Citigroup agreed to let the U.S. increase its stake in the bank to 36% after it converted $25 billion in preferred stock to common stock.