- 123jump.com Staff
- 12 Feb, 2010
- New York City
U.S. stock indexes dropped nearly 1%. January retail sales gained 0.5%. Commodities and resource linked stocks led the decliners after China increased bank reserve ratios unexpectedly. Euro declined. Chipotle Mexican Grill, Panera Bread and Cheesecake Factory advance.
- 123jump.com Staff
- 12 Feb, 2010
- New York City
European markets traded mixed and the euro fell more than 1% against the dollar. Gross domestic product increased 0.1% in the fourth quarter in the euro zone and declined 4% in 2009. ThyssenKrupp AG first quarter sales declined 19%. Michelin SCA full year revenues fell 9.8%.
- 123jump.com Staff
- 12 Feb, 2010
- New York City
Asian market indexes closed higher. Profit upgrades at several companies in Tokyo and the EU pledge to support Greece helped the indexes to advance. China lifted bank reserve ratios to curb lending boom. Markets in India were closed to celebrate Maha Shivratri.
- Mayank Mehta
- 12 Feb, 2010
- New York City
Stocks in Shanghai and Hong Kong closed higher ahead of the one week of holidays. China lifted bank reserve requirements by 0.5%. January power consumption surged 40% from a year ago and 2.7% from December. Commodities and resource stocks closed higher.
- Darlington Musarurwa
- 12 Feb, 2010
- New York City
Stocks in Tokyo trading close higher after Asahi Glass, Pacific Metals and GS Yuasa lift earnings estimate. Yamaha estimates better results in the current year. Consumer confidence rises in January. U.S. sales of Nintendo video-game console declines 31% in January. Kirin profit falls 39% in 2009.
- Darlington Musarurwa
- 12 Feb, 2010
- New York City
Australian stocks barely closed higher after weakness in the commodities prices in the late trading. Newcrest Mining first half net increased 14% from a year ago on 9% higher price of gold. Leighton Holdings first half profit soared 160%.
- 123jump.com Staff
- 11 Feb, 2010
- New York City
National Oilwell Varco reported fourth quarter earnings of $3.13 billion and its net profit dipped 32.6% to $394 million due to tough market in rig technology segment. Earnings per share also dropped to $0.94 from $1.40 in the year ago quarter.
- 123jump.com Staff
- 11 Feb, 2010
- New York City
U.S. indexes closed up more than 1% after investors turned positive on Greece bailout. U.S. jobless claims declined last week. Existing home sales increased to 6.03 million annualized rate in the fourth quarter of 2009 and foreclosure filings increased 15% in January.
- 123jump.com Staff
- 11 Feb, 2010
- New York City
U.S. stocks turned positive after jobless claims declined and investors awaited the details of the EU bailout of Greece. Philip Morris said it will buy back $12 billion of its shares. First Energy offered $4.7 billion for Allegheny Energy Inc. Commodities traded higher.
- Mayank Mehta
- 11 Feb, 2010
- New York City
European markets turned negative after rising as much as 0.6% after the EU leaders offered no details of the Greek bailout. Air France-KLM reported a narrower loss and indicated signs of recovery. Renault expects 10% drop in European car market in 2010. Danone net increased on asset sale.
- Mayank Mehta
- 11 Feb, 2010
- New York City
Masco Corporation led the decliners in the S&P 500 index with a loss of 10.3%. Prudential reports quarterly net of $1.78 billion. Allstate rises on improved fourth quarter net of $518 million. AutoNation, Inc posts higher revenue. JA Solar reported higher than expected sales and earnings.
- 123jump.com Staff
- 11 Feb, 2010
- New York City
The petroleum and petrochemical manufacturer revenue rose 4% to $8.97 billion in the quarter. Net quarterly income plummeted 87.3% to $26 million significantly impacted by weak demand for energy products. Earnings per share plunged to 22 cents from $1.74 a year-ago quarter.
- 123jump.com Staff
- 11 Feb, 2010
- New York City
Revenues rose 8.4% to $451 million and net income rose 46.7% to $88 million or 47 cents per diluted share. Adjusted operating margin was up sequentially by over 3 percentage points to 28%. For the full year operating margin expanded by more than 110 basis points to 24% delivering on 2009 guidance.
- Mayank Mehta
- 11 Feb, 2010
- New York City
UK stocks pared losses after EU leaders failed to provide any details for the Greece bailout. Rio Tinto reinstated its dividend. BT Group dropped on the pension fund worries. Anglo American supports De Beers
- 123jump.com Staff
- 11 Feb, 2010
- New York City
European markets traded higher and the euro stabilized after the EU leaders suggested a deal to support Greece will be soon announced but under tough conditions. No details were released. Total SA fourth quarter sales fell 6.5%. Credit Suisse swings to quarterly profit.