- Mayank Mehta
- 25 Mar, 2010
- New York City
Best Buy Co. soared after it reported higher than expected sales and net income in the fourth quarter. ConAgra Foods declined after quarterly sales softened 1%. Citigroup Inc added after U.S. Treasury prepares to sell its 27% stake. Caterpillar and Deere book higher healthcare costs.
- 123jump.com Staff
- 25 Mar, 2010
- New York City
European leaders agree on the need to involve the IMF and offer bilateral assistance to Greece. Greek bonds gained and the euro advanced against the dollar the pound. Financial markets in Europe edged higher.
- 123jump.com Staff
- 25 Mar, 2010
- New York City
U.S. stocks traded higher after jobless claims declined. The euro edged up after the EU leaders appear to endorse bilateral loans and support from the IMF for Greece. Dubai government offered $9.5 billion support to Dubai World, easing concerns of a default.
- Darlington Musarurwa
- 25 Mar, 2010
- New York City
Reserve Bank of Australia noted the commercial real estate loan losses are a significant concerns but bank profits are expected to be on the rise. The RBA official also noted separately that inflation is likely to decline in the coming months. Woodside Petroleum denies Santos merger talks.
- Mayank Mehta
- 25 Mar, 2010
- New York City
Prime Minister Yukio Hatoyama showed his willingness to discuss the increase in consumption pledge. He had focused his campaign on lowering taxes and eliminating wasteful spending. Steelmakers in Japan face as much as 100% hike in iron ore price from Brazil shipments.
- 123jump.com Staff
- 25 Mar, 2010
- New York City
Revenues rose 6.5% to $4.73 billion & net income rose 111% to $496.4 million or $1.01 a share. Gross margin was 46.9%, a 300 basis point increase over the prior year. Comparable sales for brick-and-mortar Nike-owned retail stores rose 17% & online sales grew 25%. Inventory was down 27% year-on-year.
- 123jump.com Staff
- 24 Mar, 2010
- New York City
China and U.S. spar to decide the future direction of yuan. Several U.S. lawmakers are working on new legislations to push China to revalue the currency. China ended three-day bribery trial of Rio Tinto Group executives. BOC Hong Kong (Holdings) Ltd 2009 net profit rises 310%.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Australian dollar and stocks edged lower. China ended its three day bribery trial involving Rio Tinto Group four executives. Brambles Ltd is scheduled to raise $750 in bond offering. BHP Billiton and Rio Tinto rise on the expectations of higher prices set by Vale SA of Brazil.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Japanese lawmakers approved 92.3 trillion yen or $1 trillion budget for the next year starting April 1 and the government plans to raise 44 trillion yen through bonds. February exports surged 45.3%, the fastest pace in three decades as demand recovers in China, Europe and the U.S.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Stocks in U.S. and Europe traded lower on the worries that rising sovereign debt will crimp nascent recovery. U.S. and UK bond yields advanced. New home sales in the U.S. declined, factory orders gained. EU leaders struggle to devise a bailout plan for Greece. UK debt plans drag the pound.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Chancellor of Exchequer Darling trimmed his budget deficit forecast by 8% to 567 billion over the next five years. He also targeted deficit to shrink from 11.8% to fall to 4% by April 2015. The government plans to borrow
- Mayank Mehta
- 24 Mar, 2010
- New York City
European leaders negotiate Greece bailout that may involve the IMF. ArcelorMittal aims to produce 100 million tons of iron ore a year by 2015. Gameloft SA soared 8% after video games developer said 2009 revenues rose 10.6%. Commerzbank increased on the first quarter profit estimate.
- 123jump.com Staff
- 24 Mar, 2010
- New York City
The package delivery company reported revenue rose 7% to $8.70 billion in the quarter. Net quarterly income surged 146% to $239 million reflecting higher shipment growth due to the uptick in the global economy. Earnings per share soared to 76 cents from 31 cents a year-ago quarter.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Lennar surged after it reported sharply smaller loss in the first quarter. Adobe Systems soared 6% after it quarterly sales increased 9% and net surged 19%. MF Global surged after it appointed former chairman of Goldman Sachs chief Jon S. Corzine as new chairman and CEO.
- 123jump.com Staff
- 24 Mar, 2010
- New York City
European markets traded lower and the euro declined for the third week in a row as Greece faces a deadline to refinance its debt. Fitch downgraded sovereign debt rating of Portugal with negative outlook. Industrial new orders in the euro zone declined.