123jump.com Staff
17 Jul, 2009
New York City
Stocks in Australia closed higher as metals and media stocks edged up. The price indexes for exports and imports declined by record amounts since the data have been collected in 1974. Macquarie Countrywide Trust surged 20% after it sold its 75% stake in a portfolio of U.S. properties.
123jump.com Staff
22 Jun, 2009
New York City
Stocks in Mumbai trading opened higher on the expectations of higher 3G license revenues to the government but deteriorated in the afternoon. The Worlds Bank forecasts global economy to contract 2.9% in 2009 from previous decline of 1.7% in March.
123jump.com Staff
17 Jul, 2009
New York City
British Airways after denying for months it needs additional capital raised
123jump.com Staff
17 Jul, 2009
New York City
U.S. stocks edged down with banks leading the decliners and home builders the gainers. Bank of America set aside higher reserves to account of rising losses in mortgage and personal loans. IBM surged on earnings. Commodities rallied after housing starts rebounded.
123jump.com Staff
16 Jun, 2009
New York City
A growing chorus of investors are staying on the sidelines. The growing skepticism on market fundamentals, weak sentiment in commodities prices and flood of new stock offering in Asia, Europe and the U.S. Industrial production declined 1.1% in May but housing starts rebounded from April.
123jump.com Staff
16 Jul, 2009
New York City
General Mills fourth quarter revenue rose 5% to $3.65 billion and net inocme nearly doubled to $358.8 million due to hedging impacts and increasing eat at home habits. Earnings per share were $1.07 up from 53 cents a year-ago.
Darlington Musarurwa
16 Jun, 2009
New York City
Stocks in India increased after falling for three days in a row as corporations file higher advance taxes. State Bank of India tax payment surged 61%. HDFC Bank and other smaller banks also paid higher advance taxes. L&T tax payment increased 16% and Mahindra & Mahindra paid 25% more.
123jump.com Staff
08 Jul, 2009
New York City
ConAgra fourth quarter net sales increased 8% to $3.3 billion but net profit declined 13% to $174.7 million despite the sale of the commodity trading unit. Earnings per share were 39 cents compared to 41 cents in the same period last year.
Trupti Mehta
09 Jul, 2009
New York City
Stocks in Australia recovered in the afternoon. Unemployment in June increased to 5.8% as employers eliminated 21,400 jobs. ANZ Banking Group raised A$2.2 billion after it raised A$2.5 billion in May.
Darlington Musarurwa
01 Jun, 2009
New York City
Stocks in Japan and in Asia closed higher after manufacturing index in China increased. The prospect of higher exports also lifted stocks of steelmakers, shippers and metal processing companies.
123jump.com Staff
01 Jun, 2009
New York City
GM files bankruptcy protection to emerge as a smaller and leaner automaker with domestic market focus. Most of its international divisions will be sold. The automaker will shut at least 14 plants, eliminate 21,000 jobs, shed $79 billion in debt and wipe out its current stock holders.
123jump.com Staff
30 Jun, 2009
New York City
The U.S. government reported that foreclosures in process jumped sharply among prime borrowers despite a rise in loan modification program. Prime loan foreclosure rate jumped to 2.9%. Consumer confidence declined in June. Home price index in metro area dropped 18.1% in April.
Mayank Mehta
30 Jun, 2009
New York City
AIG falls after it warned that a decline in derivatives sold to European investors may be material. Apollo Group surged after it reported better than expected earnings. China based online reservation agent Ctrip.com gained on rating revision.
123jump.com Staff
22 Jun, 2009
New York City
The homebuilder total quarterly revenues plunged 49% to $398 million. Net loss narrowed 65% to $118.6 million in the quarter. The company lost $1.50 a share compared to a loss of $5.29 a share a year-ago quarter. Backlog decreased 52% to 1,858 homes with a sales value of $592.8 million.
Mukesh Buch
16 Jun, 2009
New York City
German investor confidence increases to a 3-year high this month. National Bank of Greece plunged 11% on rights offering. Publicis Groupe plans 719 million euros convertible bond issue. TUI plunges on a broker outlook and UBS debt put on watch by a rating agency.
