123jump.com Staff
27 Jul, 2007
New York City
It was a repeat of sell-off what Wall Street and European markets faced a day ago. All market sectors reflected in the index declined. The recent sell-off nearly wiped out the gains of the year so far. June retail sales fell 0.4% in japan dragging retail sales with it.Canon and Fujitsu fell more than 5%.
123jump.com Staff
26 Jul, 2007
New York City
Markets around the world tumbled but for different reasons. New York fell sharply on the worries that mortgage market problems will drag several highly leverage deals and will lower the preminums ofered by the leverage buyout companies. Europe fell on lower earnings from insurance companies. South American markets were dragged lower by a sharp decline in New York. Shipping and resources stocks fell in Japan and Australia. Cement stocks fell in India and steel stocks plunged Korea.
Elena
26 Jul, 2007
New York City
European stock markets posted Thursday the second biggest one-day drop of the year, dragged down by continued worries about the credit market and subsequent heavy losses in the shares of insurers. Legal & General fell 8.2%, Aviva dropped 5.4%, and Admiral Group lost 5%. Resource companies also showed considerable weakness. The U.K. posted the steepest decline, down 3.2%, followed by France, down 2.8%, and Germany losing 2.4%.
Elena
26 Jul, 2007
New York City
U.S. market averages posted steep declines, as some strong earnings failed to offset continued worries about credit markets and the housing sector. The Commerce Department said that sales of new homes dropped 6.6% in June to a seasonally adjusted annual rate of 834,000 units, the largest percentage drop since January. Oil prices hovering round $77 a barrel also weighed.
Elena
26 Jul, 2007
New York City
D.R.Horton swung to a Q3 loss of $2.62 a share, from net income of 93 cents a share a year ago. The stock dropped 4.5%. Among other companies releasing quarterly results, Dow Chemical reported that its net income increase to $1.07 a share, from $1.05 a share last year, with sales rising 6% to $13.27 billion. The results beat analyst expectations, but the stock dropped 4.3%.
123jump.com Staff
26 Jul, 2007
New York City
Shanghai CSI 300 Index edged up a fraction on earnings optimism. Moodys revised debt rating of China and Hong Kong on large and growing foreign exchange reserves. Baidu.com reported earnings and sales revenue growth of more than 100%. The company ADR in New York jumped 17%. Baidu.com revised its annual earnings and sales guidance. Haitong Securities, one of the three Shanghai listed brokerage firm reported earnings surge on rising stock market.
Elena
26 Jul, 2007
New York City
Oil giant Exxon Mobil posted an unexpected drop in Q2 profit, hurt by lower natural gas prices. However, the company released net income of $10.26 billion, the fourth-largest quarterly profit recorded by a publicly traded U.S. company. On a per-share basis, Exxon Mobil earned $1.83 a share, up from $1.72 from a year ago, missing forecast of $1.96 a share. Company
Elena
26 Jul, 2007
New York City
U.S. stock futures pointed steeply lower Thursday, reflecting continued concerns about the corporate and mortgage lending markets and rising oil prices. Stronger-than-expected results from Apple and Ford failed to offset the decline. Apple shares climbed 7.1% in pre-open trade after the company reported a 73% profit rise on sales of Macintosh computers. Ford rose 1.3% after posting the first profitable quarter in two years. Market also awaited key economic data on June home sales figures.
123jump.com Staff
26 Jul, 2007
New York City
Sensex gained on broad rise in stocks in India. Maruti reported 35% earnings grwoth on 26% sales increase. Ranbaxy and Glaxo Smith Kline have reached a settlment for herpes related generic drug. Ranbaxy has won rights to sell generic version of the drug from 2009. Bharti fell 2.3% after reporting 53% revenue jump and earnings doubled but average revenue per subscriber fell hurting the stock.
Elena
26 Jul, 2007
New York City
Ford Motor exceeded analyst expectations by posting its first profitable quarter in two years. The auto maker reported Q2 earnings of $750 million, or 31 cents per share, compared with a net loss of $317 million, or 17 cents per share last year, beating estimates of a loss of 35 cents. Ford attributed the positive results to improvements in its automotive operations, cost reductions and special items.
123jump.com Staff
26 Jul, 2007
New York City
Nikkei 225 in Toky fell on a reveral in shipping and resources stocks. Techonology stocks fell ahead of earnings from Sony and Cannon. After the close Cannon reported 17% earnings gain but lower than exepected earnings. Sony reported earnings doubled on 13% rise in sales. The company reported wider loss in its Playstation unit.
123jump.com Staff
25 Jul, 2007
New York City
Averages is New York rebounded on revised earnings forecast from Boeing and better than expected earnings from Amazon.com. Market gained its firmness in the last hour of trading lifting the averages in Brazil but Mexico closed lower. Europe declined led by a loss in Germany. Japan closed lower on tracking previous day losses in New York but Shanghai closed higher. U.S. and U.K. private equity lenders are stuck with $12 billion of loans. Apple jumps 8% after reporting earnings.
Elena
25 Jul, 2007
New York City
European stock markets ended lower on Wednesday for a second straight session, dragged by disappointing earnings and guidance from Volvo, Randstad and Siemens. News about another delay of the sale of Chrysler''s bonds also weighed. Across the region, Germany led decliners with a drop of 1.5%, followed by France, down 1.2% and the U.K. losing 0.7%.
Elena
25 Jul, 2007
New York City
After the initial gains on the back of strong earnings from Boeing and Amazon, U.S. stocks fell sharply lower following the release of a report which showed a bigger-than-expected drop in existing home sales in June. The National Association of Realtors said that sales of existing homes dropped 3.8% to the slowest rate in over 4 years. Another delay of the Chrysler deal sent financial stocks down.
Elena
25 Jul, 2007
New York City
Further on the earnings news front, Colgate-Palmolive Co. added 1.2% after posting a 47% increase in Q2 profit, meeting analyst estimates of 84 cents a share. Xerox Corp. posted 2.3% increase in Q2 earnings on strong revenue from financing and office equipment servicing and supplies. The company earned 28 cents a share, slightly better than the 27 cents expected by analysts. The stock dropped 5.3%.
