123jump.com Staff
28 Oct, 2008
New York City
EMC third quarters revenues rose 13% to $3.7 billion from a year ago. The company guided for the fourth quarter revenues of $4 billion and earnings per share between 23 cents and 24 cents.
123jump.com Staff
28 Oct, 2008
New York City
Stocks in Hong Kong surged 14% in a largest one day rally in 11 years. The Hang Seng index had dropped 28% in the last five sessions. Cathay Pacific and China Railways surged 30% after crude oil weakened in the region. In Shanghai trading CSI 300 Index soared 3.1%.
123jump.com Staff
28 Oct, 2008
New York City
Queensland Gas agreed to be acquired by UK based BG Group in a deal that values the company at $5.6 billion. The all cash offer will increase BG stake to 100%. Australian dollar regained some of the lost ground against yen and the U.S. dollar. Stocks edged lower.
123jump.com Staff
28 Oct, 2008
New York City
Stocks in Tokyo trading closed up 6% after a rebound in the afternoon session. The yen fell from its record high against euro and 13-year high against dollar. September retail sales in Japan dropped 0.4%. Honda Motor lowered its forecast for full year net and second quarter net dropped 41%.
123jump.com Staff
28 Oct, 2008
New York City
Wells Fargo reported a $1.64 billion profit or $0.49 a share in the third quarter despite $646 million or $0.13 a share, of write-downs, as previously announced, for investments in Fannie Mae, Freddie Mac and Lehman Brothers.
123jump.com Staff
28 Oct, 2008
New York City
Crane Company plunged 26% after it missed earnings by a penny. Fidelity National Information Services gained 13% after quarterly revenue rose 25%. Winn-Dixie Stores rose 11% after it reported first quarter sales rise of 11%. The asset manager Calamos Asset dropped 4% after it reported a loss.
123jump.com Staff
28 Oct, 2008
New York City
NAND memory makers continue suffer from excess inventories, operating losses and weak balance sheets. SanDisk lowered its capital expenditure plan for 2008 by $500 million to $2.1 billion and 2009 plan to $1.3 billion from $3 billion. Third quarter product revenue was flat to the second quarter.
123jump.com Staff
28 Oct, 2008
New York City
Asian markets closed sharply higher as investors search for bargains. Japan surged more than 6% and Hong Kong soared 14% in the largest one-day gain in a decade. Honda Motor reported a decline in net income on 81% drop in profit in North America and a rise in yen.
123jump.com Staff
27 Oct, 2008
New York City
Southwest third quarter net income was $69 million or 9 cents per diluted share adjusted for one time hedging related charges. However, on the GAAP basis in the quarter airline lost $120 million or 16 cents a share. Revenue in the quarter rose to $2.9 billion.
123jump.com Staff
27 Oct, 2008
New York City
The Reserve Bank of Australia intervened to support the falling Australian dollar. The dollar declined to a five-year low against the U.S. dollar and dropped to a fifty three years low against Japanese yen. UK based BG Group is liklely to purchase Queensland Gas for $3 billion in cash.
123jump.com Staff
27 Oct, 2008
New York City
U.S. stocks closed lower in a volatile trading. Regional banking stocks rose on the hopes that Treasury bailout will include regional banks. Crude oil fell. UK closed at 5-year low. Hong Kong index dropped 13% and India declined to 3-year low. Japan closed at 26-year low.
123jump.com Staff
27 Oct, 2008
New York City
UK stocks recovered from 6% loss in the day but closed at 5-year low. The pound dropped nearly 2% against euro and dollar. Home price declined 7% in October. Persimmons, the home builder takes a charge for its land portfolio of 600 million.
123jump.com Staff
27 Oct, 2008
New York City
Sensex dropped 2% to a 3-year low on the worries that global economic slowdown will lower exports and foreign fund flows. Sensex declined fell as much as 6% in the early trading. Jet Airways swung to a loss after fuel prices surged. ICICI profit rises 1.1% and State Bank of India net up 31%.
123jump.com Staff
27 Oct, 2008
New York City
Stocks in Japan fall to a 26-year low on the worries that banks will need to raise more capital. Mitsubishi UFJ plunged 15% after it said that it will raise nearly $11 billion in the next one year. Mizuho Financial and Sumitomo Mitsui dived 15% and 11%. Yen rose to a 13-year high.
123jump.com Staff
27 Oct, 2008
New York City
Hong Kong stocks plunged nearly 13% on the worries that global economic slowdown will drag exports and earnings of the companies in the China region. Banks, shipping and airlines led the decline. China Life, China Vanke, Dongfang Electric and Ping An reported weaker than expected results.
