- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 26 May, 2010
- New York City
The benchmark stock index rose 1% in Australia driven by commodity stocks as gold prices edged up 0.7% to $1,206 per ounce and crude oil prices advanced 0.8% to $69.3 per barrel on signs the global economy is recovering.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 26 May, 2010
- New York City
Stocks in Tokyo traded mixed and oil and copper closed higher. The Nikkei 225 Stock Average gained and the yen strengthened against the euro for the third straight day.
- 123jump.com Staff
- 26 May, 2010
- New York City
First quarter net income was $319 million or 42 cents a share & core earnings were $545 million. On a per-share basis core earnings of $0.14 and a net loss of $0.42. Underwriting profitability was strong with ex-cat accident year combined ratio of 92.8%. First-quarter impairments were $152 million.
- 123jump.com Staff
- 26 May, 2010
- New York City
U.S. stocks dropped in the morning trading and recovered in the late afternoon. Banks and brokerages surged after the U.S. law makers appear to permit banks keep derivatives business. Rising tensions in the Korean peninsula and ongoing worries in the euro-zone remained the focus of investors.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 25 May, 2010
- New York City
The UK benchmark index dropped but recovered from the lows of the day. UK services output growth eases slightly in March and first quarter GDP rises to 0.3% on an upward revision in manufacturing. Marks and Spencer Group plc net up.
- Mayank Mehta
- 25 May, 2010
- New York City
AutoZone, Inc. led gainers in the S&P 500 index with a rise of 3.8%. Medtronic profit up sharply and revenue tops $4 billion. Donaldson''s quarterly net income jumps 86%. Phillips-Van Heusen swings to first quarter loss.
- Chandrasekhar Atreya
- 25 May, 2010
- New York City
IBM agrees to acquire Sterling Commerce in a definitive agreement from AT&T for $1.4 billion in an all cash deal. The addition of this business-to-business firm to IBM
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 25 May, 2010
- New York City
Markets in Europe plunged after the IMF issued a warning for Spain and rising tensions in the Korean peninsula kept buyers on the sidelines. Investors overlooked the rise in the euro-zone industrial orders. Poland Central Bank leaves key interest rate at record low of 3.5%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 25 May, 2010
- New York City
Stocks in China fell again after concern that property tax in Shanghai could stoke curbs even as European debt crisis worry continued to persist.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 25 May, 2010
- New York City
The Australian dollar slipped for the second day as investors sold high-yielding assets on concern debt crisis in Europe may escalate and tensions rise between the two Koreas. The dollar has so far dropped 11% in May after commodity prices slumped and equity market took a beating.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 25 May, 2010
- New York City
Stocks fell in Japan as the yen rose against the euro and the dollar on growing signs of stress faced by European financial institutions. The Nikkei 225 Stock Average fell to its lowest close in almost six months.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 25 May, 2010
- New York City
The Sensex index plunged as investors sold shares on concern that Europe
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 25 May, 2010
- New York City
Global and U.S. stocks plunge after the IMF warns of financial conditions in Spain and rising tensions in Korean peninsula. Commodities and crude oil dropped sharply. US, China pledge economic cooperation.
- 123jump.com Staff
- 25 May, 2010
- New York City
Sales rose 7% to $667.4 million & net income was $18.8 million or 11 cents a share. Gross margin rate improvement up 440 basis points to 43.1% this year from 38.7% in last year''s first quarter. The company''s operating margin expanded to 7.1% in the quarter from 0.4% in the prior-year first quarter.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 24 May, 2010
- New York City
Stocks in New York trading declined on the fears of fiscal and financial crisis in the euro-zone. Traders overlooked the rise in existing home sales in April increase 7.6% to 5.77 million, the best in five months. Investors ignored the sharp gains in China and Australia.