123jump.com Staff
22 Feb, 2008
New York City
Sandwich chain operator, after putting it up for a sale one year ago was sold for
123jump.com Staff
22 Feb, 2008
New York City
Stocks in London declined, led by commodity stocks and retailers after brokerages downgraded their ratings on the industry as the outlook on both the domestic and global market continue to deteriorate. In London trading FTSE 100 fell 0.74% to 5,888.50 but rose 1.7% for the week. Lloyd TSB reported second half proit increase of 10% to
123jump.com Staff
25 Feb, 2008
New York City
The Bombay Stock Exchange acquired 26% stake in the third largest commodities trading exchange for 100 crore rupees or $25 million. Centurion Punjab Bank and HDFC have agreed to merge and form the largest network of bank branches in the private sector. Reliance Power stock rebounded above its offer price for the first time after a week of losses after the company issued five for three stocks. Anill D. Ambani will reduce his stake by 5% to 40% in the company.
123jump.com Staff
22 Feb, 2008
New York City
U.S. stocks fell in the morning trading and declined further in the afternoon as nervous investors faced cautious comments from bank and brokerage analysts. Sanforn Bernstein brokerage analyst said that earnings at Goldman Sachs and Bear Stearns could fall 40%. Lower investment banking fees played a significant parts in estimates revision. Comments from Merrill Lynch analyst suggested that earnings at Fannie Mae and Freddie Mac may remain depressed through 2011.
123jump.com Staff
22 Feb, 2008
New York City
Asian stocks fell sharply as U.S. recession evidence mounted. Asian markets fearful of slump in exports from the region, decline in foreign direct investment from the U.S., and rising inflation. A sharp and sustained rise in energy and commodities prices such as copper, zinc, aluminum, and steel has put investors on the defensive. India, Japan, and Hong Kong led the decliners in the region.
123jump.com Staff
22 Feb, 2008
New York City
Asian stocks fell sharply as U.S. recession evidence mounted. Asian markets fearful of slump in exports from the region, decline in foreign direct investment from the U.S., and rising inflation. A sharp and sustained rise in energy and commodities prices such as copper, zinc, aluminum, and steel has put investors on the defensive. India, Japan, and Hong Kong led the decliners in the region.
123jump.com Staff
22 Feb, 2008
New York City
KDDI plan to sell free domestic calls between familiy members sparked a telecom wars that may lower prices immediately for the most carriers. The paln will allow registered members to talk free any hour may lower revenue of KDDI by 25 billion yen. Softbank and NTT DoCoMo fell after the new rate plan. Steel companies raised sheep prices by 31% lifting steel stocks but stoked fears of rising inflation. U.S. market remained volatile as investors worried that the U.S. may be in recession.
123jump.com Staff
21 Feb, 2008
New York City
BASF, German chemical company reported first quarter flat revenue of 14.7 billion and earnings rise of 8% to 793 million euros. Continental AG reported full year profit rose 3.9% to 1.02 billion euros on revenue gain of 7.2% to 15.9 billion euros. Not counting the recent purchase of VOD, the car parts maker, the sales rose 5.5%. Societe Generale reported record fourth quarter loss of 3.35 billion euros on write-downs and trading losses.
123jump.com Staff
21 Feb, 2008
New York City
U.S. stocks lost gains at the opening after Cisco was upgraded and Research in Motion lifted its sales estiates of wireless devices. Gloomier than expected decline in the manufacturing survey from Philadephia Fed dragged market averages lower. The selling intensified in the last thirty minutes of trading. Sun Trust fell 5% after S&P lowered its credit outlook. Starbucks, Walgreen, UBS, Citigroup, and General
Electric closed at multi-year low.
123jump.com Staff
21 Feb, 2008
New York City
Gold surged as the inflation worries mounted. Gold reached a new high as it hovered near $950 per ounce in New York Trading. Stocks fell in the afternoon trading after the release of regional report from the Philadephia Federal Reserve. The factory index, a measure of regional manuafacturing activities showed a sharper than expected drop in activities. Crude oil declined after the weekly inventories report showed a rise in inventories at the end of last week.
123jump.com Staff
21 Feb, 2008
New York City
Stocks in London gained on increased activity in the mining industry and on strong earnings from Reeds Elsevier. In London trading FTSE 100 rose 0.65% or 38.6 to 5,932.20. Of the 102 stocks in FTSE 100 index, 64 gained and 38 declined. Reed Elsevier led advancers in the FTSE 100 index stocks with a rise of 7.45% after the company reported today that net income rose to
123jump.com Staff
21 Feb, 2008
New York City
Software services exporters led the gainers in the trading. Satyam surged nerly 9% and led the gainers in the Sensex index. Infosys rose 5%, TCS increased 4.6%, and Wipro added 6%. Sensex fell in the morning hours but rebounded in the afternoon trading on the strength in the European markets and sustained interest in the new issue offering of Rural Electrification Corporation. HDFC Infrastructure sold its rights for development in Mumbai for 900 crore rupees.
123jump.com Staff
21 Feb, 2008
New York City
U.S. stocks opened higher on revised sales forecast from Research in Motion and a recommendation to buy Cisco from Citigroup. Tech heavy Nasdaq rose as high as 0.7% after Cisco added 2% and RiM soared 7%. Citigroup also downgraded Target to Sell on weak credit card balance conditions and worries related to economic downturn. Initial claims of unemployment at the end of the last week fell 9,000.
123jump.com Staff
21 Feb, 2008
New York City
Hong Kong stock indexes reversed 1.8% % gain in the morning session to close marginally up as commodity and energy stocks continue to rise on the back of metals and crude oil gains. PetroChina Co Ltd jumped 1.4% to HK$11.86 and CNOOC Ltd increased 1.6% to HK$12.98. Aluminum Corp of China gained 5.4% to HK$14.94 and Jiangxi Copper edged up 6.3% to HK$18.26. Cathay Pacific Airways declined 2.2% to HK$16.18 and China Eastern Airlines fell 1.9% to HK$5.31 on rising oil prices.
123jump.com Staff
21 Feb, 2008
New York City
January trade deficit in Japan rose to 79.3 billion yen from 3.5 billion yen in January 2007. Rising crude oil prices lifted oil import by 41% and overall imports by 9%. The seasonality in the Japan business cycles and holidays often leads a deficit in January month in international trade. While trade surplus with the U.S. declined 4.8%, trade deficit with China declined 5.8% from a year ago.
