- Darlington Musarurwa
- 01 Mar, 2010
- New York City
Australian benchmark index gained on higher resource stocks and commodities prices. Company profits increased 2.2% in the last quarter. Rio Tinto raised its stake by 2.7% in Canada based Ivanhoe Mines. Australian current account deficit rises 19% to A$17.5 billion in December.
- Darlington Musarurwa
- 01 Mar, 2010
- New York City
New car sales in Japan surges 35.1% in February. Finance Minister Kano told lawmakers that he wants prices to rise by the end of the year and hopes that aggregate demand will improve.
- 123jump.com Staff
- 01 Mar, 2010
- New York City
Three deals worth $43 billion lifted market sentiment. Personal spending gained more than expected and personal income increased less than anticipated. The dollar strength led commodities to decline but copper closed higher.
- 123jump.com Staff
- 01 Mar, 2010
- New York City
European markets indexes closed up 2% on a speculation that Greece is inching closer to a bailout package of
- Mayank Mehta
- 01 Mar, 2010
- New York City
UK stocks closed higher on a rally in resource stocks and commodities. Prudential Plc dropped 12% after it agreed to acquire Asia unit of AIG for $35.5 billion. Pearson plc increased after it reported better than expected earnings. HSBC declined 5.2% after it reported higher loan loss charges.
- 123jump.com Staff
- 01 Mar, 2010
- New York City
U.S. stocks advanced after manufacturing expanded for the seventh month in a row. AIG agreed to sell its Asian unit to Prudential Plc for $35.5 billion. Merck KGaA agreed to pay $6 billion beating the offer from Thermo Fisher for Millipore. Copper gained nearly 2%.
- 123jump.com Staff
- 01 Mar, 2010
- New York City
AIG agreed to sell its Asian unit for $35.5 billion to Prudential Plc. The deal will help the troubled U.S. insurer to raise capital to repay U.S. Federal Reserve and Treasury $185 billion bailout. Prudential will raise $20 billion in a rights offering at 40% discount.
- 123jump.com Staff
- 01 Mar, 2010
- New York City
Asian markets closed higher after resource stocks gained in China, Japan and Australia. Copper surged in Asian trading after Chile was struck with 8.8 magnitude earthquake. Insurance stocks gained after Prudential Plc agreed to pay $35.5 billion for Asian insurance division of AIG.
- 123jump.com Staff
- 01 Mar, 2010
- New York City
Sales fell 3.6% to $5.55 billion and net income fell 5% to $200 million or 84 cents a share. Gross margin rate was 38.2% for the quarter, an increase of 360 basis points versus last year
- 123jump.com Staff
- 01 Mar, 2010
- New York City
Sales fell 5.5% to
- 123jump.com Staff
- 26 Feb, 2010
- New York City
President Obama''s bipartisan summit on healthcare reform appears to be heading for a stalement. AIG led the decline in S&P index after fourth quarter loss narrowed to $8.9 billion. The Nasdaq Composite added 4.2%, the S&P 500 index increased 2.9% and the Dow advanced 2.6% in February.
- 123jump.com Staff
- 26 Feb, 2010
- New York City
Serco Group 2009 net surged 31% and indicated larger order book. Rightmove Plc 2009 profit before tax falls and maintains dividend. Rolls-Royce announced
- Mayank Mehta
- 26 Feb, 2010
- New York City
European markets rallied on the expectations that Germany is closer to providing details of financial assistance to Greece. Bayer AG net for the year dropped 21%. Parmalat SpA 2009 net declined 23% on sales decline of 1.5%. Telefonica SA fourth quarter net surged 22% on Latin American businesses.
- Mayank Mehta
- 26 Feb, 2010
- New York City
American International Group, Inc led the decliners in the S&P 500 index with a loss of 7.8%. Fluor Corp reports lower profit and cuts outlook. The Gap, Inc fourth quarter net ahead of expectations.
- Mayank Mehta
- 26 Feb, 2010
- New York City
The fiscal 2011 budget plan to raise $8 billion in stake sale in the government controlled companies and $7 billion through the sale of wireless licenses. Individual income of less than $3,000 will be tax exempt. Infrastructure companies increased after the government increased spending.