123jump.com Staff
25 Mar, 2009
New York City
U.S. stocks closed higher on better than expected rise in durable goods orders and new home sales in February. U.S. Treasury auction yields rose despite the Fed purchase of 22% of the $34 billion of five year note offering. Separately, the UK debt auction failed to cover, first time since 2002.
123jump.com Staff
25 Mar, 2009
New York City
UK gilt offering fails to cover for the first time in seven years. J. Sainsbury Plc same store sales including fuel in the fourth quarter gained at the slowest pace. Legal & General dropped 7.2% after it reported 2008 net loss of 1.1 billion pounds and cut its dividend by half to 2.05 pence.
123jump.com Staff
25 Mar, 2009
New York City
The UK government failed to attract buyers to finish its auction for treasury securities known as gilts. Investors shied away from the long dated maturities when the inflation is on the rise, pound is weak and government is planning to huge amount of debt.
Mayank Mehta
25 Mar, 2009
New York City
CB Richard Ellis Group, Inc led gainers in the S&P 500 index and Salesforce.com Inc led decliners in the index. Jabil Circuit, Inc reported second quarter net loss but adjusted operating earnings beat consensus estimates. Robbins & Myers, Inc second quarter net down 7.4%.
123jump.com Staff
25 Mar, 2009
New York City
The logistics services company reported quarterly revenue dipped 14% to $8.14 billion. Net income plunged 75% to $97 million in the quarter. Earnings per share slumped to 31 cents from $1.26 a year-ago quarter. The company expects earnings between 45 cents and 70 cents in the fourth quarter.
123jump.com Staff
25 Mar, 2009
New York City
Stocks in Tokyo closed higher for the eight day in a row on the optimism that the world economies may recover as wealthiest nations commit more funds ahead of G20 nations meeting in London on April 2. Market ignored the sharp plunge in exports in February data.
123jump.com Staff
25 Mar, 2009
New York City
U.S. stocks edged higher after the unexpected rise in durable goods orders in February. The latest economic data was third in a series of economic news after the release of home sales and retail sales. Stocks edged higher. UK government debt sale falls short. Japan exports plunge.
123jump.com Staff
25 Mar, 2009
New York City
The food giant net sales increased 4% to $3.5 billion and earnings dropped 33% to $288.9 million hurt by tax expense and lower one-time gains. Earnings per share were $0.85 against $1.23 in the prior year quarter.
123jump.com Staff
24 Mar, 2009
New York City
U.S. stocks closed lower a day after surging more than 7%. Treasury Secretary and Fed chairman asked for additional powers to deal with non-banking institutions that pose systemic risks. Fed offered a buying schedule to purchase $300 billion of Treasuries.
123jump.com Staff
24 Mar, 2009
New York City
European markets closed higher for the second day on the optimistic view of the banking solution from the U.S. Treasury. Deutsche Bank and Credit Suisse gained but Societe Generale fell. Metro AG fell after it reported 7.1% rise in earnings for the year. S&P lowered its view on Lithuania.
123jump.com Staff
24 Mar, 2009
New York City
Australian personal insolvencies rise 12.2% in 2008. Iron ore contract prices are expected to fall after BHP lowered prices by 57% the coking coal delivered from next week. Resources stocks traded mixed as worries of falling world prices and high operating cost linger for the industry.
123jump.com Staff
24 Mar, 2009
New York City
Steelmakers in Tokyo gained after BHP Billiton agreed for 57% price cut for coking coal supply. Iron ore prices are also expected to fall as much as 50%. Banks and financials surge after the U.S. proposed a plan to purchase toxic assets. Auto Sales in Japan are expected to dip to 32-year low.
123jump.com Staff
24 Mar, 2009
New York City
China calls for the establishment of super currency that is not dependent upon one country. The call for the global currency reform comes ahead of meeting of G-20 nations and the worry that China may suffer if inflation accelerates in the U.S.
123jump.com Staff
24 Mar, 2009
New York City
Prime Minister Singh suggested that the economy will regain its vigor in the next six months as economic stimulus takes hold. Rupee declined in the trading as crude oil rallies in the recent months and exports remain weak. Reliance gained but IT stocks declined.
123jump.com Staff
24 Mar, 2009
New York City
Stocks after four hours of trading were up after trading down for the most part of the day. Carnival Corp rose after it reported better than expected earnings. MGM Mirage fell after its partner in Dubai sough court order to cancel the partnership. Newell Rubbermaid Inc plunged 10% on weaker outlook.
