- 123jump.com Staff
- 17 Jul, 2011
- New York City
The financial services provider total quarterly revenues declined 7% to $20.6 billion. Net income in the quarter increased 24% to $3.34 billion. Earnings per share rose to $1.09 as against 90 cents per share in the previous-year quarter.
- 123jump.com Staff
- 16 Jul, 2011
- New York City
The financial services firm stated quarterly revenue improved 7% to $27.41 billion. Net income for the quarter rose 13% to $5.43 billion. Earnings per share grew to $1.27 compared to $1.09 per share last year.
- Bikram Pandey
- 16 Jul, 2011
- New York City
Les Hinton, Chief Executive of Dow Jones resigned after more details emerged about lapses of ethical journalism during his tenure at the UK publications. Hinton is likely to face several UK inquiries. Rupert Murdoch may become the target of long term shareholders if scandal keeps widening.
- Bikram Pandey
- 16 Jul, 2011
- New York City
U.S. debt talks veered in a direction that raised stakes for both parties as the House prepares to vote next week on a spending cut plan. Eight banks in Europe failed the watered down stress test and 16 additional banks will need to raise capital to meet regulatory requirements.
- Mukesh Buch
- 15 Jul, 2011
- New York City
Citigroup second quarter net income soared 24% to $3.3 billion. Cubist reported second quarter net loss. Genuine Parts second quarter net income increased 22% to $151.8 million. Google second quarter net income surged to $2.51 billion. Mattel second quarter net increased.
- Bikram Pandey
- 15 Jul, 2011
- New York City
The UK indexes edged lower and Rebekah Brooks resigned as the chief executive officer of News International. News Corp has been reeling under pressure from several UK and U.S. inquiries that may unearth details of one of the longest held practices of phone hacking perfected at the company.
- Arthi Gupta
- 15 Jul, 2011
- New York City
U.S. indexes gained after consumer prices dropped 0.2% but industrial production rose in June. Icahn offered to acquire the remaining shares in Clorox in a deal valued at $12.6 billion. Citigroup quarterly net rose 24% despite a drop in revenue.
- Arthi Gupta
- 15 Jul, 2011
- New York City
Euro area trade gap narrowed in May after exports rose 1.5%. European new car registrations fell and Swedish home prices remained flat in June. German factory employment increased and Dutch trade surplus rose in May.
- Nigel Thomas
- 15 Jul, 2011
- New York City
Stocks in Japan regained the upper end of the trading range of the last five weeks as the yen hovers near 4-month high. Electronics retailers jumped on the speculation that Japan may revive energy efficiency program as it faces severe power shortage this summer.
- Arthi Gupta
- 15 Jul, 2011
- New York City
European indexes traded lower ahead of the European Banking Authority tests results later today. Italian Parliament to vote today on a
- Marcus Jacob
- 15 Jul, 2011
- New York City
Australian stocks closed lower. BHP Billiton agreed to acquire Petrohawk Energy for $12.1 billion and assume $3 billion in debt. Fortescue Metals production rose 6% in the quarter but costs surged 18%. News Corp woes deepened as lawmakers in the U.S. and UK deepen investigations.
- Bikram Pandey
- 14 Jul, 2011
- New York City
U.S. indexes retreated after Fed Chairman Ben Bernanke clarified no immediate plan of economic stimulus on the second day of his testimony. President Barack Obama and Republican lawmakers attempt last minute talks to avert government shutdown as August 2 deadline looms.
- Arthi Gupta
- 14 Jul, 2011
- New York City
The UK indexes traded lower on global economic concerns. The Irish Finance Minister Michael Noonan said that Ireland has successfully met the targets set out by the EU and the IMF. Irish annual inflation remained steady in June.
- 123jump.com Staff
- 14 Jul, 2011
- New York City
The Indian technology services company said revenue for the quarter grew 23% to $1.67 billion. On an IFRS basis, net quarterly income rose 18% to $384 million. Earnings per American depositary share rose to $0.67 from $0.57 in the prior-year quarter.
- Arthi Gupta
- 14 Jul, 2011
- New York City
U.S. indexes edged higher after weekly jobless claims fell 22,000, retail sales rose 0.1% and producer prices slid 0.4% in June. U.S. business inventories rose more than estimated in May. JPMorgan net rose 13% on significantly lower provision for credit losses.