123jump.com Staff
15 Jun, 2009
New York City
The summit of G-8 ministers debated exit strategies to unwind the unprecedented government stimulus. The talks of lower government spending dragged commodities lower. Sumitomo Mitsui Financial plunged 7% and it plans to raise $9.2 billion. Japan Tobacco surges after it acquires UK based Tribac Leaf.
Mayank Mehta
15 Jun, 2009
New York City
Lincoln National, the parent of life insurer Lincoln Financial Group planned to raise $1.1 billion from investors and tap $950 million from the U.S. Treasury. On the news, financials trade lower. Sealed Air closed $400 million debt offering.
Darlington Musarurwa
16 Jun, 2009
New York City
In cautious trading stocks in London edged higher. UK debt offering received substantially higher interest for its debt offering that was increased to
123jump.com Staff
21 Dec, 2009
New York City
U.S. stocks edged higher after the benchmark indexes in Europe gained. Most Asian markets closed lower. Nickel edged up higher after Russia added 5% export duty. The dollar advanced against the euro and the pound.
123jump.com Staff
25 Jun, 2009
New York City
The online pharmacy and drugstore third quarter sales shot up 8% to a record $16.2 billion while net earnings dropped 8.7% to $572 million. Earnings per share were 53 cents as against 58 cents in the year ago quarter.
Mayank Mehta
11 Jun, 2009
New York City
Bank of America gained after Morgan Stanley revised its earnings and chief executive in a testimony suggested that regulators threatened management change if Merrill Lynch deal was not completed. United Health led the decliners in S&P 500 index. ATP Oil and Vulcan Materials plan public offerings.
123jump.com Staff
11 Jun, 2009
New York City
Australian stocks edged higher as resource and energy stocks closed up. Rio Tinto added 5.5% and Fortescue Metals increase 21.1%. OZ Minerals shareholders approved asset sale to China based Minmetals A$1.70 billion. GRD Limited surged 22% on a takeover offer from AMEC Plc.
123jump.com Staff
23 Jul, 2009
New York City
In Hong Kong and Shanghai real estate developers, bank and resource stocks rallied as retail investors bid up stocks. Ample liquidity in the financial system is stoking investor risk appetite. China State Construction receives bids more than 35 times its initial public offering size.
123jump.com Staff
25 Jun, 2009
New York City
Stocks in Australia rebounded after the IMF revised its economic outlook. The Australian dollar gained on the forecast. Energy related stocks closed higher. BHP Billiton may sell its nickel mining operations in Western Australia.
Mukesh Buch
23 Jul, 2009
New York City
Exports in June declined at a slower pace in Japan. Exports to China attracted demand for electronic and auto component makers. Yen weakened on the report. KDDI declines on a broker downgrade. Nitto Denko June sale decline slowed. Fujitsu Ltd gained on fiscal 2011 target. Japan Tobacco falls.
123jump.com Staff
22 Jul, 2009
New York City
eBay second quarter revenues declined 4% and net income fell 29% to $327.3 million or 25 cents a share. Skype added more than 37 million users. The company guided third quarter earnings between 22 cents and 24 cents a share.
Mukesh Buch
22 Jul, 2009
New York City
Investors bid stocks up around the world on better than expected earnings from Apple, Starbucks, Intel, Caterpillar, Pepsi, Pfizer and Goldman Sachs. The earnings in UK and Europe have been ahead of expectations. Energy producers stocks fell on higher than expected inventories.
123jump.com Staff
22 Jul, 2009
New York City
Stocks in Europe edged higher for the eighth day in a row. Praktiker AG dropped more than 9% on 38% decline in earnings Wincor Nixdorf plunged 15% after it reported 28% decline in quarterly earnings.
123jump.com Staff
22 Jul, 2009
New York City
UK stocks closed higher for the eight day in a row on optimism about global economic recovery and a steady rise in resource stocks. Galiform surged after it reported first half earning and suggested smaller decline in the second half. Euromoney issued cautious outlook.
123jump.com Staff
23 May, 2007
New York City
Merger news in aluminum industry dominated early hours of trading in the U.S. Alcan recommended shareholders to reject offer from Alcoa and was rumored to be in talks with BHP. Russia based Norilsk Nickel mounted an offer of $6.25 billin for Canadian LionOre Mining. Payless ShoeSource agreed to buy Stride Rite for $800 million. Crescent Real Estate agreed to be bought by private equity group of Morgan Stanley for $6.5 billion. Shanghai rose nearly 2% and yuan surged to two-year high.
