- 123jump.com Staff
- 16 Feb, 2010
- New York City
Kellogg Co fourth quarter net sales remained nearly the same as the previous year and net income dropped only by 1.7% to $176 million despite some disruptions in Eggo Waffle supplies. Earnings per share were $0.46 against $0.47 in the prior year quarter.
- Mayank Mehta
- 15 Feb, 2010
- New York City
European markets edged higher as investors focused on earnings and awaited the details of Greece bailout. Yara International agreed to acquire Terra Industries for $4.1 billion. Man SE reported first loss in twenty years on sales. Pernod Ricard sells selected local nordic brands for
- Mayank Mehta
- 15 Feb, 2010
- New York City
UK stocks closed higher and commodities declined in London trading. BAE Systems Plc declined 1% after it wrote down its Armor Holdings unit assets. British Air Plc gained after the U.S. regulators approved One World Alliance to set prices and schedule flights.
- 123jump.com Staff
- 15 Feb, 2010
- New York City
Bharti Airtel Ltd is in exclusive talk to acquire African assets from Zain or Mobile Telecom of Kuwait that may lead to $10.7 billion. The deal talks may face hurdle after Nigerian assets are likely to be excluded and shareholders find the purchase price too rich.
- 123jump.com Staff
- 15 Feb, 2010
- New York City
Markets in Japan, India and Australia were on the defensive after Japan reported a sharp drop in prices. Sumitomo offered 55% premium to increase its stake in Jupiter Telecom. Resurgent inflation in India dragged market indexes. Bharti Airtel drops on expensive bid of $10.7 billion for African assets of Zain.
- Mayank Mehta
- 15 Feb, 2010
- New York City
Wholesale inflation index in January rose to a high last seen fifteen months ago on a rise in food and energy prices. Weak monsoon and government stimulus have added to the inflation forces. Bharti Airtel drops nearly 9% after the company gets closer to acquire African business from Kuwait Mobile.
- Darlington Musarurwa
- 15 Feb, 2010
- New York City
Australian stocks followed the declines in commodities prices. BHP Billiton indicates higher prices for iron ore. BlueScope Steel realizes A$28 million loss in H1. Bendigo and Adelaide Bank profit doubles to A$104 million. AWB Ltd surges on a conditional class action lawsuit settlement.
- Darlington Musarurwa
- 15 Feb, 2010
- New York City
Stocks in Japan struggled on the worries that price decline may deepen. The GDP deflator in the last quarter to December dropped at the fastest pace in three decades by 3%. Quarterly GDP grew at 4.6% annual rate. Commodities and resource stocks dropped.
- 123jump.com Staff
- 13 Feb, 2010
- New York City
Time Warner fourth quarter revenue rose by 2% to $7.3 billion riding on the spin off of Times Warner Cable and AOL and growth from film and television. Net profits were $627 million or $0.53 a share reversing the net loss of $16 billion or $13.41 a share in the prior year quarter.
- Mayank Mehta
- 12 Feb, 2010
- New York City
European markets declined after China increased bank reserve and investors await details of Greek bailout. Separately, Greece lowered its estimate of GDP in the first three quarters of 2009. Michelin earnings deflate on lower tire sales. ThyssenKrupp AG posts first profit in a year.
- 123jump.com Staff
- 12 Feb, 2010
- New York City
The benchmark index in UK declined after a weakness in commodities and resource stocks. FTSE 100 index closed up for the first time after four weeks. New Look Group decided to postpone its initial public offering to raise as much as $1 billion.
- 123jump.com Staff
- 12 Feb, 2010
- New York City
U.S. indexes recovered from their worst levels of the day. Oil, copper and silver decreased. Euro zone GDP expanded barely in the last quarter of 2009 indicating uneven recovery. China raised bank reserve requirements ahead of a weeklong holiday period.
- Mayank Mehta
- 16 Feb, 2010
- New York City
Stocks in Mumbai traded higher ahead of the government budget in two weeks. Bharti Airtel declined after it confirmed that it may pay $9 billion for Zain and assume $1.7 billion debt. Ballarpur makes $200 million bid for Malaysian papermaker.
- 123jump.com Staff
- 16 Feb, 2010
- New York City
U.S. stocks and commodities traded higher and the dollar declined. Barclays earnings more than doubled in 2009. Citigroup, Goldman Sachs and Bank of America gained. Gold surges. U.S. Treasuries trade lower on the weak dollar. General Growth appears lukewarm to the $10 billion offer.
- Mayank Mehta
- 12 Feb, 2010
- New York City
S&P 500 index, the Dow and the Nasdaq declined more than 0.8%. Blue Nile dropped nearly 8% after it estimated lower than expected earnings. Buffalo Wild Wings plunged 12% after it reported lower than expected adjusted earnings. Miners and metals stocks fell on weak commodities.