- Darlington Musarurwa
- 12 Apr, 2010
- New York City
Home loan approvals in Australia fell 3.4% in February. South Korean steelmaker Posco is likely to support the deal between Macarthur Coal and Gloucester Coal deal.
- Darlington Musarurwa
- 12 Apr, 2010
- New York City
The bank loans in Japan fall 2.5% in March. Bank of Japan noted that the economic recovery is still fragile but aggregate demand is not sufficient to sustain the economic target.
- Mayank Mehta
- 12 Apr, 2010
- New York City
Stocks in Mumbai traded lower after industrial production surged 15.1% in February prompting worries of rate hike. Sun Pharma gets a U.S. approval for a generic drug. Glenmark Pharma settles patent dispute with GlaxoSmithKline.
- 123jump.com Staff
- 12 Apr, 2010
- New York City
UK stocks traded higher for the second day led by a rise in retailers. Miners declined. UBM buys electronic design exhibition organizer. Ladbrokes sells its Italian business. e2v technologies revenues plunge. Hikma Pharmaceuticals takes full control of Algerian joint venture.
- Mayank Mehta
- 12 Apr, 2010
- New York City
European markets recovered from the lows of the day to close up after the EU and IMF offered details of emergency bailout to Greece. UBS AG added more than 3% after it estimated first quarter profit and assets outflow declined in the period. Greek benchmark stock index surged more than 6%.
- 123jump.com Staff
- 12 Apr, 2010
- New York City
DynCorp surged 48% after it agreed to be acquired by a private equity firm Cerberus Capital Management LP for $1.5 billion. Mirant Corp and RRI Energy agreed to merge in a stock transaction. UBS AG advanced after it indicated pre-tx profit.
- 123jump.com Staff
- 12 Apr, 2010
- New York City
U.S. stocks advanced in the early morning ahead of earnings season. The EU-IMF led bailout offered 45 billion euros of loans for three years to Greece. The euro edged higher. ConocoPhillips is in discussions with Sinopec of China to sell Syncrude Canada for $4 billion.
- 123jump.com Staff
- 12 Apr, 2010
- New York City
Revenues up 23% to $1.07 billion & net income fell 26% to $92.6 million or 60 cents a share. Operating income fell in the qtr to $173 million. Excluding the litigation reserve operating income up 3% to $217 million. Bad debt expense as a percentage of revenue was 6.9% compared to 4.1% a year ago.
- 123jump.com Staff
- 12 Apr, 2010
- New York City
Sales fell 3.7% to $3.89 billion and net income fell 18.6% to $887 million or $1.60 a share. Gross profit declined 17% to $2.1 billion while gross margins declined eight percentage points to 54%. For the first six months gross profit for the company is down 30% or $1.2 billion.
- 123jump.com Staff
- 12 Apr, 2010
- New York City
Sales rose 3% to $17.0 billion and net income rose 4.5% to $669 million or 68 cents a share. Gross profit in the second quarter was $4.9 billion, a 5.1% increase versus the year-ago quarter. Gross margin increased 50 basis points compared with the year-ago quarter to 28.8%.
- 123jump.com Staff
- 10 Apr, 2010
- New York City
The discount retailer net quarterly sales increased 4.9% to $2.09 billion on comparable store sales rise of 3.6%. Net quarterly income surged 33.4% to $112.2 million impelled by an increase in customer traffic. Earnings per share rose to 81 cents from 60 cents the prior-year quarter.
- 123jump.com Staff
- 10 Apr, 2010
- New York City
The home goods retailer fourth quarter net sales rose 16.7% to $2.24 billion due to 11.5% increase in same store sales. Fourth quarter net income rose approximately 60% to $226 million. Earnings per share were $0.86 against $0.55 in the year ago quarter.
- 123jump.com Staff
- 09 Apr, 2010
- New York City
U.S. stocks rebound in yet another sign on economic recovery and European markets closed higher after regulators struggle to finalize Greek bailout details. Dow Jones Industrial Average crossed 11,000 in intra-day trading for the first time since September 2008.
- Mayank Mehta
- 09 Apr, 2010
- New York City
Stocks in Australia closed higher as commodities prices trade at elevated levels in international markets. Macarthur Coal Limited led gainers in the S&P ASX 200 index with a rise of 10.2% after it received takeover offer from New Hope Corp Ltd. Gindalbie Metals signs $1.2 billion loan facility.
- Mayank Mehta
- 09 Apr, 2010
- New York City
Stocks in Japan closed higher for the week. Positive outlook on the global economy and rising U.S. retail sales contributed to the sentiment. Fast Retailing and Seven & I Holdings Co raised their annual earnings estimates. For the week the benchmark index fell 0.7%, the first decline in two months.