123jump.com Staff
15 Jan, 2009
New York City
Machinery orders in Japan decline 16.2% to 754 billion yen in November, the sharp decline in orders was driven by weakness in domestic and foreign orders. Stocks plunged on weaker than expected orders. Nissan trims domestic auto production. Sanyo lowers the annual profit target to break even.
123jump.com Staff
15 Jan, 2009
New York City
Latest economic measures in China to support steel and auto industry failed to lift market sentiment in Hong Kong and Shanghai trading. Stocks in Hong Kong fell 3.4% and Shanghai had negative bias. China proposed to offer one time tax relief to small car buyers. Foreign investment rose 24% in 2008.
123jump.com Staff
14 Jan, 2009
New York City
Stocks in New York and European trading fell sharply. U.S. retail sales fell more than expected in December and European stocks declined after large losses at Deutsche Bank and a need for large capital at HSBC. Markets in Brazil, Canada, UK, Germany and Switzerland dropped sharply.
Mayank Mehta
14 Jan, 2009
New York City
Nortel plunges on bankruptcy filings. Tiffany declines on weak holiday sales. Bunge Limited and Under Armour decline on weak earnings outlook. Deutsche Bank drops on a larger than expected loss. HSBC falls on a need to raise capital of as much as $30 billion.
123jump.com Staff
14 Jan, 2009
New York City
Stocks in Mumbai rose on the expectations of an out of court settlement between feuding billionaire Ambani brothers. Reliance Industries surged more than 10% and Reliance Capital gained 7.6%. HDFC Bank profit surged 45%, including the results of acquired Centurion Bank.
123jump.com Staff
14 Jan, 2009
New York City
Stocks in London fell sharply after Morgan Stanley estimated a need of as much as $30 billion of additional capital for HSBC. Barclays suggested that it may eliminate additional 2,000 jobs. Stocks of banks and other financial institutions fell after Man Group asset under management declined.
123jump.com Staff
14 Jan, 2009
New York City
The global financial services firm reported net revenues were $1.8 billion and net loss was $2.2 billion, or $2.34. The company received $10 billion under TARP program and raised $9 billion from Mitsubishi UFJ. Net leverage declined to 11.4 from the peak of 32.6 in 2006.
123jump.com Staff
14 Jan, 2009
New York City
The food company reported 8.3% spurt in sales to $4.01 billion on increased volume, higher price realization and positive product mix. Earnings dropped 3% to $378 million or $1.09 a share due to lower margins and higher expenses.
123jump.com Staff
14 Jan, 2009
New York City
The athletic shoe and apparel maker revenues rose 6% to $4.6 billion, compared to $4.3 billion for the same period last year. Net income rose to $391 million or $0.80 a share from $359.4 million or $0.71 a share, a year earlier. The Company reported worldwide future orders rose 6% to $6.7 billion.
123jump.com Staff
14 Jan, 2009
New York City
The furniture maker reported second quarter sales declined 5.8% to $477 million and earnings fall of 10.4% to 60 cents per share from prior year period. Consolidated orders for the quarter declined to 26% $426 million compared to $573 million last year, a decrease of 26%.
123jump.com Staff
14 Jan, 2009
New York City
The packaged food company reported second quarter net income of $168.1 million or 37 cents per share down from $244.8 million or 50 cents per share from a year ago. The company reaffirmed its 2009 guidance of $1.50 a share from continuing operations.
123jump.com Staff
14 Jan, 2009
New York City
Stocks in Shanghai soared 4% and in Hong Kong gained 0.3%. China revised its 2007 economic growth to 13% from 11.9% but Deutsche Bank estimated that the nation will face the sharpest economic slowdown in 10 years. China trimmed fuel prices between 2% and 3%. RBS sold its stake in Bank of China.
Darlington Musarurwa
14 Jan, 2009
New York City
In weak trading, stocks in Tokyo edged higher. Toshiba and Fujitsu are exploring a merger of hard disk business. Of the Nikkei 225 stocks, 136 increased, 73 declined, and 16 were unchanged. Casio Computer led advancers in the index shares with a rise of 8.2% followed by NSK Insulators gaining 6.3%.
123jump.com Staff
14 Jan, 2009
New York City
Australian home loans rise 1.3% in November. Wesfarmers cuts interim profit forecast to A$850 million to A$880 million on increasing derivative loss provisions. Rio Tinto will slow Argyle underground project. HFA Holdings led decliners in the ASX 200 index with a loss of 11%.
123jump.com Staff
13 Jan, 2009
New York City
Fed Chairman Bernanke stressed that more capital may be needs to support financial system and a need for fiscal programs. UK trade deficit grows. Stocks in Japan plunged 4.5%. Exports in China declined on slowing global trade.
