- Mayank Mehta
- 09 Apr, 2010
- New York City
Stocks in Mumbai trading rebounded. Reliance Industries Ltd discovered additional gas reserves at four locations and after the close reported an agreement to take a stake in Atlas Energy based in the U.S. Shree Ganesh Jewellery House Ltd plunged 37% from the initial public offering price.
- Mayank Mehta
- 09 Apr, 2010
- New York City
The private estimate of UK gross domestic product showed an expansion of 0.4%. Producer prices increased 0.9% in March and core index gained 0.7% from the previous month. Stocks closed higher in anticipation of final details of Greek bailout.
- Mayank Mehta
- 09 Apr, 2010
- New York City
European market averages gained more than 1% as politician and regulators decide final details of Greek bailout plan. Greek bonds yield declined from the peak reached yesterday but nervous investors are demanding nature of loan terms. Greece still needs to rollover
- 123jump.com Staff
- 09 Apr, 2010
- New York City
The used vehicles retailer net quarterly sales increased 25% to $1.83 billion on comparable store used unit sales rise of 12%. Net earnings surged 101% to $75.4 million in the quarter. Earnings per share soared to 33 cents from 17 cents a year-ago quarter.
- 123jump.com Staff
- 09 Apr, 2010
- New York City
Stocks in early trading retained positive bias. Of the stocks in the S&P 500 index, 310 gained and 177 declined. The dollar edged higher after the rating agency Fitch lowered Greek debt rating. The convenience retail chain Casey
- 123jump.com Staff
- 09 Apr, 2010
- New York City
Revenues fell 8.1% to $28.2 million & net loss was $4.45 million or 11 cents a share. Comparable restaurant sales fell 5.4%. Restaurant operating expense as a percentage of restaurant net sales was 70.2% compared to 68.5% a year ago. Operating loss was $3 million compared to $2.1 million a year ago.
- 123jump.com Staff
- 08 Apr, 2010
- New York City
Currency traders are taking a view that China is preparing to let the renminbi trade higher ahead of the meeting between President Hu Jintao and President Barack Obama next week. China Life shares dropped after the insurer offered a cautious outlook.
- 123jump.com Staff
- 08 Apr, 2010
- New York City
Same store retail sales surged the most in March in eleven years. The stocks reversed earlier losses to close higher bucking the weakness in world markets. Euro traded volatile but firmed at close. U.S. Treasury completed a 30-year bond auction to raise $13 billion.
- Mayank Mehta
- 08 Apr, 2010
- New York City
Stocks in Mumbai closed lower after inflation hovered near two-decade high for the second week in a row. Essar Energy is planning to raise $2.5 billion through a listing on London Stock Exchange. JK Paper plans to expand capacity.
- Mayank Mehta
- 08 Apr, 2010
- New York City
Bank of England left its key lending rate at 0.5% and also kept its asset purchase plan in place. UK production output in February fell by 0.1% from a year ago. Weak commodities dragged the market index lower at close. Marks & Spencer declined after company issued cautious outlook.
- Mayank Mehta
- 08 Apr, 2010
- New York City
On going Greek default worries occupied investors in European trading. European Central Bank left its key lending rate at 1% and President Trichet asserted that Greece is not likely to default. After the close Greece said first quarter deficit plunged 40%.
- Mayank Mehta
- 08 Apr, 2010
- New York City
Retailers reported higher than expected increase in same store sales in March. Gap same sales soared 11% and Target sales surged 10%. Abercrombie & Fitch sales increased 5%. U.S. Airways soared 18% on the merger talks with UAL Ltd, the parent of United Airlines.