Sarla Buch
30 Jun, 2009
New York City
UK benchmark indexes fell after the downward revision of the first quarter GDP. The revision raised the speculation that the annual GDP may decline more than the government estimate despite the large economic stimulus. The GDP decline from a year ago was the sharpest in five decades. The pound fell.
Mayank Mehta
22 Jul, 2009
New York City
Indian Government tax collection in June increased 3.7% and India is not likely to meet its export target of $200 billion in the current fiscal year. Monsoon rains are still trailing the historical average sparking fears of drought. HDFC quarterly net gains 21%.
123jump.com Staff
21 Jul, 2009
New York City
Apple and Starbucks surge in the after-hours on earnings reports. Apple net increased 15% in the third quarter and sales of iPhone surged six-fold. Starbucks earnings increased on cost cutting. Yahoo! quarterly revenues declined 13% and net income increased 8%.
Mukesh Buch
21 Jul, 2009
New York City
Earnings optimism lifted stocks for the second day in a row. Fed Chairman Bernanke urged lawmakers to balance the budget and noted that unemployment will remain high in 2010 and 2011. Industrial stocks edged higher but banks were weak.
Mayank Mehta
02 Jul, 2009
New York City
Dynegy led the decliners in the S&P 500 index with a loss of 9.1%. Acuity Brands third quarter profit drops 46% on weak construction. Unify reported fourth quarter net rises. Monster Worldwide drops after unemployment surges.
123jump.com Staff
28 Jul, 2009
New York City
The Chinese-language Internet search provider total quarterly revenue rose 37% to RMB1.1 billion or $161 million. Net quarterly income surged 45% to RMB383.3 million or $56.1 million. Earnings per share climbed to RMB11.02 or $1.61 from RMB7.62 or $1.11 a year-ago quarter.
123jump.com Staff
28 Jul, 2009
New York City
UK home prices in June edged 0.1% higher from May but declined 14% from a year ago. London prices increased 2% in the month and fell 12.5% from a year ago. BP Plc second quarter net profit dropped 53%. Investec plans to raise
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.
