123jump.com Staff
16 Feb, 2009
New York City
The chip maker first quarter revenues of $2.5 billion but earnings plunged 55.5% to $341 million. Earnings per share were 20 cents compared to 46 cents a year ago quarter. The company estimates second quarter revenues to be in the range of $2.25 billion to $2.45 billion, a 6% to 14% decrease from a year ago.
123jump.com Staff
16 Feb, 2009
New York City
European markets close lower on weakness in banks and financial stocks. G-7 finance ministers fail to offer a clear plan to prevent the further widening of the economic downturn and persistent weakness in banking sector. Air Liquide rallies on strong earnings.
123jump.com Staff
16 Feb, 2009
New York City
UK stocks dropped after a gloomy economic forecast from the largest industry group. The latest estimate suggests that the economy can drop as much as 4.5% in the next six quarters and the growth may resume the earliest and in 2011. For the current the economy is forecasted ot shrink 3.3%.
123jump.com Staff
16 Feb, 2009
New York City
Stocks in India dropped sharply after the interim budeget focus on rural development and failed to offer any subsidy to businesses. Exports in the current fiscal year are expected to rise 26.4% and total international traded is expected to surge 35.5%.
123jump.com Staff
16 Feb, 2009
New York City
Hong Kong loses 10,000 jobs as the global financial crisis keep widening. Sales at Chinese major retailers rise 24.5% in January. The benchmark index in Hong Kong dropped 0.7% but in Shanghai increased 2.6%.
123jump.com Staff
16 Feb, 2009
New York City
Japan stock indexes were mixed in highly volatile trading as the government announced in a preliminary report the gross domestic product shrank at annual rate of 12.7% in the fourth quarter ended December. In the quarter the GDP declined 3.3% on weak exports adn weak consumption.
123jump.com Staff
16 Feb, 2009
New York City
Stocks in Australia dropped after the largest palette maker Brambles reported 31% fall in first half profit. However, the conglomerate Wesfarmers profit jumped. The Australian dollar dropped more than 1% against the U.S. dollar after G-7 finance ministers predict weak economic climate.
123jump.com Staff
12 Feb, 2009
New York City
U.S. stocks edged higher after retail sales gained and on optimism on the economic stimulus package. Investors are still looking for clues to the details of the economic package and bank bailout plan. Better than expected earnings at Coca Cola Company also lifted market sentiment.
123jump.com Staff
12 Feb, 2009
New York City
Weakness in autos and banks dragged markets in Europe. DAX index dropped 2.7% and CAC 40 index declined 2.1%. Volkswagen plunged 7% after the U.S. stimulus watered down the subsidies to the auto sector. Renault reported a sharp decline of 78% in earnings on 4.1% decline in sales.
123jump.com Staff
12 Feb, 2009
New York City
Stock fell 0.8% after BT Group projected that pension deficit will soar to
123jump.com Staff
12 Feb, 2009
New York City
Aetna Inc gains after it reported better than expected earnings. Asiainfo Holdings, Chipotle Mexican Grill and Patni Computer Systems drop. BorgWarner and Potlatch Corporation surge. Gildan Activewear plunges 25% after the company declined to give earnings forecast.
123jump.com Staff
12 Feb, 2009
New York City
Rio Tinto will sign a US$13 billion asset sale and US$7 billion convertible note issue with Chinalco today. The sale is part of the company effort to lower its debt load. Australian employment rate rises 1.2% to 10.7 million in January.
123jump.com Staff
12 Feb, 2009
New York City
Stocks in Tokyo trading dropped sharply after a private think tank projected economic contraction at annual rate of 10.6%, the first double digit decline in more than fifty years. Separately, Bank of Japan reported 0.2% decline in wholesale price index.
123jump.com Staff
12 Feb, 2009
New York City
China coal exports fall 36.3% to 3.66 million tons in January. China approves stimulus package for shipbuilding industry. Chinalco agrees to invest $20 billion in Rio Tinto. Chinalco agreed to a $13 billion asset sale and $7 billion convertible note issue with Rio Tinto today.
123jump.com Staff
12 Feb, 2009
New York City
In Mumbai trading stocks declined after industrial production fell. The index for production fell 2% in December from a year ago and is likely to remain weak for January month as well. The annualized measure of inflation at the end of January declined to 4.4% from 5.07% a week ago period.
