123jump.com Staff
22 Dec, 2008
New York City
The agricultural machinery revenues were $7.401 billion and net income of $345 million or $0.81 a share compared to $422.1 million or $0.94 a share a year ago. U.S. farm cash receipts for 2008 and 2009 are at good levels. The company estimated income for the first quarter 2009 of $275 million.
123jump.com Staff
22 Dec, 2008
New York City
The the home furnisher reported third quarter earnings of $752 million or a loss of $0.10 a share compared to 25 cents a share. The company expects fourth quarter revenue to be between $940 million and $1 billion and earnings per share between $0.10 and $0.30 a share.
123jump.com Staff
22 Dec, 2008
New York City
The apparel retailer third quarter net loss from continuing operations of $14.8 million or 28 cents per share compared net loss of $0.9 million or 2 cents per share. Sales in the quarter declined 14% to $357 million. Comp store sales declined 14%.
123jump.com Staff
22 Dec, 2008
New York City
The jewelry retailer quarterly net sales declined 1% to $618.23 million. Net earnings plunged to $44 million or $0.35 per diluted share compared to $103 million or $0.74 a share a year ago. The company projected full year earnings between $2.30 and $2.50 a share.
123jump.com Staff
22 Dec, 2008
New York City
India plans to introduce new tax code to prevent treaty shopping. Oil prices may be lowered before the election announcement. Banks lower rates to sustain lending. State Bank of India, Bank of Baroda and HDFC Bank passed on recent cut in rates to borrowers.
123jump.com Staff
22 Dec, 2008
New York City
Australian stocks fell after Fortescue Metals Ltd. said it issued 1.55 million shares for A$3.65 million to pay contractor bills for changes made to shipping contracts. Arrow Energy proposes to acquire Pure Energy for A$2.70 cash and 1.21 Arrow shares.
123jump.com Staff
22 Dec, 2008
New York City
Tokyo stock market averages jumped more than 1.6% after the Bank of Japan expanded its asset purchase plan to commercial debts. November exports from Japan dropped 27%. Toyota cut its net income for the fiscal year by 91% and projected operating loss. Sales estimates were cut by 18%.
123jump.com Staff
22 Dec, 2008
New York City
Central bank in China lowered interest rate for the fifth time in a row however, the size of rate cut surprised most economists. China is still hoping that economic stimulus, rate cuts and reduced cash reserve ratios will sustain economic growth at 8%.
123jump.com Staff
20 Dec, 2008
New York City
RiM revenues surged 66% to $2.8 billion. Net income increased 7% to $396 million or 69 cents a share. Nearly 2.6 million net new BlackBerry subscriber accounts were added. The Company estimated revenues between $3.3 billion and $3.5 billion and earnings per share of between $0.83 and $0.91.
123jump.com Staff
19 Dec, 2008
New York City
U.S. stocks staged a reversal of nearly 2% despite President offering emergency loans to GM and Chrysler. Bank of Japan lowered its key rate to 0.1% and expanded its role in purchasing government and corporate debt. HSBC Holdings dropped after S&P downgraded debt ratings of financial institutions.
Mayank Mehta
19 Dec, 2008
New York City
Research in Motion surged after it reported 66% increase in sales and 7% rise in earnings in the latest quarter. Cintas dropped 12% and led decliners in S&P 500 index after it settled with a government agency for safety violations. Fluor Corp declined on an analyst downgrade.
123jump.com Staff
19 Dec, 2008
New York City
Carnival, the largest cruise operator fourth quarter revenues gained 6% to $3.30 billion. Net income increased to $371 million or $0.47 a share compared to $358 million or $0.44 a share a year ago quarter. In the year the capacity increased 8.9% and net revenue yield in constant dollar rose 2.4%.
123jump.com Staff
19 Dec, 2008
New York City
FedEx second quarter earnings increased 3% to $ 493 million or $1.58 a share from $479 million or $1.54 a share a year ago. Revenue increased 1% to $9.54 billion. The company plans to eliminate $200 million costs in the quarter to generate $1 billion in annual savings.
123jump.com Staff
19 Dec, 2008
New York City
President Bush offered emergency loan of $13.4 billion to General Motors and Chrysler and additional $4 billion may be released after March of next year if two auto companies provide a restructuring plan. The decision lifted stocks of the companies and stock market indexes but tough road lies ahead.
123jump.com Staff
18 Dec, 2008
New York City
Zale, a specialty jewelry retailer reported first quarter revenues declined 3.5% to $364 million. Net loss from continuing operations was $45.3 million or $1.43 per share compared to $26.7 million or $0.54 per share last year. Comp stores sales decreased 3.7%.
