- Mayank Mehta
- 26 Apr, 2010
- New York City
DeVry Inc. led the decliners in the S&P 500 index with a loss of 6.0%. Whirlpool shares surge 14% on improved outlook. Humana first quarter earnings increase and ahead of expectations. Caterpillar swings to a first quarter profit. Hertz agrees to acquire Dollar Thrifty for $1.2 billion.
- Mayank Mehta
- 26 Apr, 2010
- New York City
Stocks in Mumbai traded higher after better than expected earnings from Maruti Suzuki, Godrej Consumer Products and ICICI Bank and HDFC Bank. Reliance Industries net surged 30%, lower than expected. Coal India Limited is preparing to raise $2.7 billion by July.
- Darlington Musarurwa
- 26 Apr, 2010
- New York City
U.S. and world stocks traded higher after positive earnings. The dollar advanced against the euro as investors fear Greek debt restructuring may be needed as early next year. U.S. Treasury plan to sell 1.5 billion shares in Citigroup. Dollar Thrifty agreed to be acquired by Hertz.
- Darlington Musarurwa
- 26 Apr, 2010
- New York City
Stocks in Japan surged tracking gains in the U.S. Toyota Motor estimated operating profit in the current year and after the close Canon Inc reported first quarter net surged three-fold. The camera and office equipment maker lifted full-year outlook.
- 123jump.com Staff
- 26 Apr, 2010
- New York City
Revenues rose 3.7% to $25.4 billion and net income rose 178.6% to $4.43 billion or 15 cents a share. Operating expenses of $1.6 billion were up 7% quarter-over-quarter. International revenues of $4.3 billion were flat sequentially.. Net credit losses were down 66% to $364 million.
- 123jump.com Staff
- 23 Apr, 2010
- New York City
U.S. stocks closed higher after March new homes sales surged 27% and durable goods orders in the month declined 1.3%. Crude oil closed above $85 a barrel and gold added 1%. Yields on 10-year U.S. bonds increased to 3.8% and 30-year bonds traded at 4.66%. Greek bond yields traded near record 8%.
- Darlington Musarurwa
- 23 Apr, 2010
- New York City
The Reserve Bank of Australia Governor Glenn Stevens comments suggested that the recent hikes in interest may be passed. Woodside Petroleum first quarter revenues surges 43%. Lihir Gold said its gold production declined 26%.
- Mayank Mehta
- 23 Apr, 2010
- New York City
Markets in Europe closed higher led by a sharp gain in Germany. Greek Prime Minister Papandreou asked to activate emergency loans of nearly $60 billion from the IMF and the EU. Industrial new orders increased 1.5% in the region. Adidas and Volvo surged 12% after earnings. Ericsson declined.
- 123jump.com Staff
- 23 Apr, 2010
- New York City
Xerox Corporation led gainers in the S&P 500 index with a rise of 8.1%. Capital One reports quarterly profit of $636.3 million. Microsoft net rises 35% in third quarter. Amazon earnings jump 69% in first quarter. Dover shares surge 10% after earnings. CMS Energy profit rises 21%.
- Mayank Mehta
- 23 Apr, 2010
- New York City
U.K. stocks traded higher after declines of last tow days. GDP rose 0.2% in the first quarter from the previous quarter and fell 0.3% from the quarter a year ago. Carnival declared 10 cents a share quarterly dividend. Wolseley rose 2.5%. Balfour Beatty awarded
- 123jump.com Staff
- 23 Apr, 2010
- New York City
Stocks in Japan closed lower and fell the most in three weeks at the close of the week. Nissan Motor plans to increase manufacturing capacity by nearly 70% in China by 2012. Rating agency Fitch reaffirmed Japan sovereign debt rating but noted that creditworthiness of the nation is on the decline.
- Mayank Mehta
- 23 Apr, 2010
- New York City
Stocks in Mumbai traded higher on positive earnings and normal monsoon forecast. Wipro quarterly net surged 21%. Ambuja Cement first quarter sales increased 8% and net soared 38%. Rupee edged higher.
- 123jump.com Staff
- 23 Apr, 2010
- New York City
U.S. stocks in early trading searched for a direction after Microsoft and Amazon.com reported higher earnings but some analysts were looking for larger gains. March durable goods orders declined 1.3%. U.S. Senate approves $3.7 trillion tax plan.
- 123jump.com Staff
- 22 Apr, 2010
- New York City
Investors remained focused for the second week as Greece negotiates emergency loan terms. The dollar gained against the euro. CenturyTel agreed to acquire Qwest for $10.6 billion. Microsoft net jumps 35% and Amazon.com estimated lower than expected operating earnings.
- Mayank Mehta
- 22 Apr, 2010
- New York City
Stocks in China region declined as investors fear more lending curbs to stem property prices. China completed the sale of 3-year bills that yielded 2.74% and raised $13 billion. Bank of Communications mortgage loan volume fell. ICBC completes $550 million deal to buy Thailand based lender ACL.