123jump.com Staff
28 May, 2009
New York City
The teen-focused retailer net quarterly sales declined 16% to $223.5 million on same-store sales fall of 18%. Net quarterly loss narrowed 27.5% to $8.7 million helped by a decline in expenses. The company lost 13 cents a share compared to a loss of 17 cents a share a year-ago quarter.
Sarla Buch
28 May, 2009
New York City
U.S. stocks edged lower after mortgage delinquencies rise to a record high. Crude oil and natural gas prices surged after the release of weekly inventories data. Initial jobless claims in last week declined 13,000. Durable goods orders increased in April.
Darlington Musarurwa
28 May, 2009
New York City
Global markets weakness dragged Australian stocks lower. The strength in oil and firm metal prices also supported the Aussie. Babcock & Brown Japan Property Trust surged after it sold one of its properties in Tokyo. Monadelphous Group was awarded A$170 million contract from Woodside Petroleum.
Darlington Musarurwa
28 May, 2009
New York City
Japan Tobacco finalized its terms of five year bonds sales that are rated AA. Sumitomo Mitsui Financial plans to raise as much as $8.6 billion after it made a disastrous investment in Barclays. April retail sales decline in Japan marked the eighth monthly fall in a row.
123jump.com Staff
28 May, 2009
New York City
Investors in India focused on economic growth prospects and higher earnings while rating agencies sounded alarm of rising government deficit. The government is likely to record annual deficit of 10% or higher for the second year in a row.
123jump.com Staff
27 May, 2009
New York City
The global retailer first quarter sales fell marginally to $93.47 billion. Income from continuing operations were also flat at $3.03 billion. Earnings per share were 77 cents as against 76 cents in the previous year.
Darlington Musarurwa
27 May, 2009
New York City
Australian stocks are expected to trade lower after a weak close in New York and a rise in bond yields. Crude oil traded as high as $63 a barrel after Saudi minister estimated price above $75 by the end of the year. Westfield Group unit completes $700 million debt offering.
123jump.com Staff
27 May, 2009
New York City
U.S. stocks dropped as the government conducted its second day of debt auction. The wide participation in the bond auction did not prevent yields from rising. The benchmark yield spread rises to 276 basis points. Stocks fell as the U.S. carries our $171 billion debt auction this month.
123jump.com Staff
27 May, 2009
New York City
European market indexes closed higher. Germany reported consumer price index declined in May. Consumers and businesses reported a rise in confidence in France. Steel stocks gained in Frankfurt. EDF plans to raise 1 billion euros.
123jump.com Staff
27 May, 2009
New York City
Shipping freight rate index closed higher for the eighteenth day in a row. Speculators cited congestion at Chinese ports, rising shipping day rates and demand for iron ore in Asia. Media stocks closed higher after a broker revised earnings outlook for the industry.
Mayank Mehta
27 May, 2009
New York City
General Motors led the decliners in the S&P 500 index of 13.1%. American Eagle Outfitters posts better than expected first quarter profit. Bank of Montreal second quarter net drops. Donaldson Company beats earnings estimates but misses on revenues. Chico
Darlington Musarurwa
27 May, 2009
New York City
Stocks in Japan closed higher, lifted by global markets. April exports plunged 36% and trade surplus in the month declined 85%. Exports to China, U.S. and Europe dropped sharply. Nikon plans to eliminate 1,000 jobs. Toshiba completed $3 billion rights offering.
123jump.com Staff
27 May, 2009
New York City
Finance Minister Mukherjee said that the government is focused on increasing infrastructure spending but will meet its budget deficit target of 5.5% in the current fiscal year. Reliance Industries may hold more than expected natural gas. April exports may have declined 33%.
123jump.com Staff
26 May, 2009
New York City
The U.S. stocks closed higher on a strength in technology and energy companies. Better than expected consumer confidence data and widespread interest in U.S. Treasury short term debt auction also contributed to the market gain.
123jump.com Staff
26 May, 2009
New York City
Stocks in Europe rebounded after better than expected consumer confidence data in the U.S. Danone SA plans to raise 3 billion euros to repay debt. Germany left its first quarter GDP unrevised at a decline of 3.8%.
