Mayank Mehta
28 Jul, 2009
New York City
Virgin Mobile surges after Sprint agrees to acquire the pre-paid telephone service operator. Bank of Hawaii Corp second quarter net falls on higher provision. Office Depot, Inc second quarter loss widens to $82 million. Valero reports loss in the second quarter on lower diesel demand.
Mayank Mehta
28 Jul, 2009
New York City
Hitachi Ltd plans to spend nearly $3 billion to acquire five subsidiaries in information and technology areas. Sapporo Holdings lowered its estimate of first half loss. JFE increased after it issued optimistic outlook by reported a loss in the first quarter.
Trupti Mehta
21 Jul, 2009
New York City
The UK government budget deficit jumps to 32-year record of
123jump.com Staff
21 Jul, 2009
New York City
Stocks in Shanghai and Hong Kong edged lower after investors worried that prices may be ahead of fundamentals. China State Construction Engineering filed to raise as much as $7.3 billion. Mining related stocks closed lower.
Mayank Mehta
21 Jul, 2009
New York City
Stocks in Japan surged on the back of a rally in New York. Metals, shipping and trading companies stocks closed higher. Convenience stores sales in June decreased for the first time in fourteen months. Prime Minister Taro Aso dissolved the parliament for the election scheduled on August 30.
Trupti Mehta
16 Jul, 2009
New York City
UK stocks advanced as global stock and commodities markets continue to rise. The benchmark index closed higher for the fourth day in a row. Lloyds Banking eliminates more staff. Autonomy dropped after it reported 67% increase in earnings. Henderson dropped after it issued weak earnings outlook.
Mayank Mehta
22 Jul, 2009
New York City
U.S. stocks in the early morning traded sideways after Morgan Stanley and Wells Fargo disappointed investors. Home builders edged higher after home prices increased in May. Starbucks and Apple lead gainers in early trading. Advanced Micro declined after it reported larger than expected loss.
Sarla Buch
22 Jul, 2009
New York City
Steelmakers surged on the expectations of rising shipments and higher prices. JFE Holdings surged as it expects to increase price for October shipments. Sumitomo Metal Mining plans to increase nickel production in the last quarter of this year. Toshiba increased on higher iPhone sales.
123jump.com Staff
22 Jul, 2009
New York City
Mining and metals stocks surge in Shanghai. Retail investors have driven the demand for resource stocks in the last three months on the hopes of economic recovery. China Minsheng surge an approval to sell shares in Hong Kong. HK banks will pay sixty percent of principal of Lehman minibonds.
Mayank Mehta
17 Jul, 2009
New York City
CIT rebounded as the company and its creditors are in advanced stages of discussion to avert bankruptcy filing. A.O. Smith increased after earnings surged. Bank of American earnings declined 25%. Citigroup returned to profitability. General Electric revenues and earnings declined.
123jump.com Staff
11 Jul, 2009
New York City
Accenture third quarter revenue declined 15.9% to $5.54 billion hurt by unfavorable foreign exchange rates. Net income slipped 5.35% to $444 million. Earnings per share were 68 cents compared to 74 cents in the year ago quarter.
Mukesh Buch
16 Jul, 2009
New York City
CIT, the lender to small businesses and retail trade for more than a century is struggling to negotiate debt workout with its major lender after its negotiations with the government agencies failed. The lender may need more than $4 billion to avoid bankruptcy.
123jump.com Staff
16 Jul, 2009
New York City
Earnings were in world markets as investors digest earnings from banks, technology companies. Nokia and Marriott declined on weak outlook and banks dropped ahead of earnings. CIT plunged 75% as the century old lender failed to gain additional financial support from the U.S.
123jump.com Staff
17 Jul, 2009
New York City
Investors in Hong Kong and Shanghai took optimistic views on the earnings after China estimated second quarter economic expansion at 7.9%. Your-Mart initial public offering in Shenzhen Stock Exchange surged 94% following in the footsteps of two other IPOs last week.
Sarla Buch
17 Jul, 2009
New York City
Allied Carpets in a pre-packaged deal under voluntary administration reemerged with fewer stores and new lead investor. The fate of the 166 of the 217 stores with 1,100 employees is uncertain, even though the restructuring administrator indicated optimistic outcome.
