123jump.com Staff
06 Jan, 2009
New York City
U.S. stocks rebounded on the hopes that the new administration will soon provide a large economic stimulus. Alcoa Inc laid off 13% of its staff and cut its capital expenditure and suspend stock buyback. Dow Chemical will seek $2.5 billion from Kuwait after it canceled joint venture.
123jump.com Staff
06 Jan, 2009
New York City
UK house prices dropped 2.5% from a month earlier and 15.9% from a year ago to
123jump.com Staff
06 Jan, 2009
New York City
Mumbai stocks traded mix ahead of earnings season and the expectations of more rate cuts. More rate cuts are likely in the next three months if the economy remains weak. Axis Bank and Infosys will kick start the earnings season at the end of this week.
Mayank Mehta
06 Jan, 2009
New York City
Solar panel chip makers fell after LDK lowered its revenue estimate and Evergreen took one time charge on production stoppage and shipment delays. IntercontinentalExchange declined on earnings worries. Garmin Limited dropped after Goldman downgraded the stock.
123jump.com Staff
06 Jan, 2009
New York City
Hong Kong home sale in December rebound from a month ago but fall sharply for the year. Weak confidence, falling demand and tight lending from banks depress property sales.
123jump.com Staff
06 Jan, 2009
New York City
Stocks in Japan edged higher on a rise in spot prices of computer chips and weakening yen. Toyota will lower production at 11 plants in the next two months. Prices of memory chips in Asian trading surged for the second day on expectations of lower than expected supply.
123jump.com Staff
06 Jan, 2009
New York City
Australian stocks rose 1.5% despite the latest read on business conditions showed a weakness last seen 10 years ago. Auto sales dropped 11.3% in December and fell 3.6% in the year 2008. Auto sales are expected to fall 12% in 2009 in Australia.
123jump.com Staff
06 Jan, 2009
New York City
CKE reported third quarter earnings declined to $5.4 million or $0.10 per share from $6.2 million a year ago with revenue fall of 4%. On a blended basis the sales at comparable stores rose by 0.9%. In the first three quarters of the fiscal year the restaurant operator added 27 new stores.
123jump.com Staff
06 Jan, 2009
New York City
The automotive aftermarket retail and service chain quarterly revenue declined 12.2% to $464.2 million and comparable sales decreased 10.4%. Net earnings rose to $2.8 million or $0.05 per share as compared to a net loss of $20.6 million or $0.40 per share in 2007. Gain from sale lease back transactions increased from $87 million to $173 million.
123jump.com Staff
06 Jan, 2009
New York City
The largest independent grocery chain reported same store sales in the third quarter rose at 5.6% and the share of store brands items increased to 27% of total sales. The company plans to spend for capital expenditure between $2 billion and $2.2 billion in fiscal year.
123jump.com Staff
06 Jan, 2009
New York City
Verizon and AT&T declined on an analyst downgrade. Barnes & Noble rose after private equity stake disclosure in the bookseller. Best Buy rose on analyst upgrade. Varian Semi lowered revenue estimate for the first quarter.
123jump.com Staff
05 Jan, 2009
New York City
U.S. stocks declined on the earnings worries and weak economic cliamte. Manufacturing in China declined for the fifth month in a row. India lowered key lending rate to 8-year low. Auto sales in Japan dropped to a 3-decade low.
123jump.com Staff
05 Jan, 2009
New York City
UK stocks edged higher after crude oil reached $47. Adams Childrenswear Limited shut 111 stores and Waterford Wedgewood Plc appointed administrator for its certain UK subsidiaries. The pound rose 2.4% against the euro. Old Mutual led decliners in the FTSE 100 index with a loss of 10%.
123jump.com Staff
05 Jan, 2009
New York City
Stocks in Mumbai surged after the Reserve Bank of India cut interest rate to eight-year low. In volatile trading stocks edged above 10,000. The government lifted restrictions for foreign investors and promised more capital for state controlled banks.
123jump.com Staff
05 Jan, 2009
New York City
Manufacturing index in China dropped for the third month in a row as companies shrink labor force and orders weaken. China plans to unveil stimulus package for auto industry aimed at encouraging sale of low emission cars. China issued third generation telecom licenses.
