- Mayank Mehta
- 01 Apr, 2010
- New York City
CarMax, Inc gained after it reported higher than expected sales and earnings. Global Payments Inc surged after it swung to quarterly profit. Research in Motion declined after sales growth was lower than expectations. JPMorgan may increase dividend to as high as $1 a share.
- 123jump.com Staff
- 01 Apr, 2010
- New York City
U.S. stocks traded higher in the morning after weekly jobless claims declined and manufacturing accelerated in China, Europe, Switzerland and UK and India said exports and imports surged. Business sentiment in Japan improved sharply in a quarter.
- 123jump.com Staff
- 01 Apr, 2010
- New York City
Revenues rose 9% to $858.7 million & net income fell 18.7% to $127.2 million or 24 cents a share. GAAP operating expenses were $592.5 million compared to $501.1 million a year ago same qtr & $521.3 million last quarter. Operating income in Q1 fiscal 2010 was $176.8 million or 20.6% of revenues.
- Mayank Mehta
- 31 Mar, 2010
- New York City
Cnooc Ltd, the largest Chinese offshore energy explorer reported 2009 net declined 34% after oil prices dropped more than 70%. China Merchants Holdings second half net dropped 10%. Huawei Technologies 2009 net more than doubled.
- 123jump.com Staff
- 31 Mar, 2010
- New York City
Australia
- Darlington Musarurwa
- 31 Mar, 2010
- New York City
Stocks declined after February wages fell 0.6%. Wages fell primarily on fewer overtime hours and reduced manufacturing employment. Housing starts drop 9.3% to 56,527 units in February. In trading shipping companies closed higher on the expectations of rising freight rates.
- 123jump.com Staff
- 31 Mar, 2010
- New York City
A rally in metals and oil failed to lift stocks after private employers cut more than expected jobs in February. Gold gained for the sixth quarter in a row and oil traded at 17-month high. Agriculture commodities declined after higher than expected level of inventories and planting.
- Mayank Mehta
- 31 Mar, 2010
- New York City
UK stocks traded weak. Investors remained focused on the weakness in Greek bonds and continued worries about the UK housing market. Northern Foods plc said quarterly sales dropped. Pinewood Shepperton plc profits declined. Dairy Crest Group lifts profits outlook.
- 123jump.com Staff
- 31 Mar, 2010
- New York City
European markets closed lower as investors debate the direction of the euro. Greek bond yields rose for the third day in a row on the worries that Greece may need more emergency funding. The first estimate of inflation in the euro zone was 1.5%. Steelmakers prepare to pass 20% price hike.
- Mayank Mehta
- 31 Mar, 2010
- New York City
SAIC, Inc declined after it missed quarterly earnings and lowered the annual earnings outlook. Rite Aid Corporation declined after it reported narrower quarterly loss but margins and sales were weaker than expected. Ford Motor Company declined ahead of warrants sale.
- Mayank Mehta
- 31 Mar, 2010
- New York City
Stocks in Mumbai traded lower after rising for two weeks. February industrial output is expected to increase 16% from a year ago. Exports in the month surged 34.8% to $16.09 billion. Sugar crop in the current season is expected to surge 26% to 18 million tons.
- 123jump.com Staff
- 31 Mar, 2010
- New York City
U.S. stocks traded lower after private employers cut jobs in February surprising most economists. Crude oil inventories at the end of last week increased but gasoline inventories edged up less than expected. New orders for manufactured goods increased in seven of last nine months.
- Mayank Mehta
- 30 Mar, 2010
- New York City
Markets in Shanghai and Hong Kong closed up a fraction. Cheung Kong 2009 net profit rises 53%. Hutchison Whampoa Ltd 2009 net profit gained 12% and revenues declined 14% and Li Ka-Shing said he may consider raising dividend. China Construction Bank said it has no immediate plans to raise funds.
- Darlington Musarurwa
- 30 Mar, 2010
- New York City
Australian stocks edged a fraction higher. BHP Billiton said it finalized iron ore shipment quarterly contracts with most customers in Asia. Newcastle coal exports rise 54%. Leighton Holdings to update debt investors.
- Darlington Musarurwa
- 30 Mar, 2010
- New York City
Stocks in Japan closed higher after February unemployment rate was unchanged at 4.9% in February and industrial production declined 0.9% in month. Steelmakers in Asia finalized their short term contracts with iron ore producers that track spot prices instead of annual price contracts.