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.
123jump.com Staff
15 Jun, 2009
New York City
Reliance Industries was ordered to sell natural gas at half the current sale price to Reliance Natural. The court order will end the feud between Ambani brothers. Net fund flows to domestic funds surge in May.
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.
