- 123jump.com Staff
- 05 Feb, 2010
- New York City
U.S. stocks were searching for direction in the early trading. January unemployment rate declined to 9.7%. Investors remained unconvinced that Spain, Portugal and Greece have a viable plan to lower their budget deficit and the dollar edged higher.
- 123jump.com Staff
- 05 Feb, 2010
- New York City
The Internet applications and content delivery solutions provider quarterly revenue rose 12% to $238.3 million. Net quarterly income declined 1% to $40.1 million hurt by higher expenses. Earnings per share dipped to 21 cents from 22 cents in the prior-year quarter.
- 123jump.com Staff
- 05 Feb, 2010
- New York City
Amazon reported 42% revenue growth to $9.52 billion for fourth quarter of 2009 with net income zooming by 70.7% to $384 million. Earnings per share were 85 cents as against 52 cents for the prior year quarter. Net sales for first quarter 2010 are expected to be between $6.45 billion to $7 billion.
- 123jump.com Staff
- 04 Feb, 2010
- New York City
Stocks in Shanghai and Hong Kong declined on the weakness in global markets. Chinese banking regulators said that a drop of 10% in real estate values will increase bad loans three folds and 30% drop will cause bad loans to surge five-fold. Lenovo Group returns to profit in third quarter.
- 123jump.com Staff
- 04 Feb, 2010
- New York City
Stocks in Australia edged lower after weaker than expected retail sales and a weak global markets sentiment. Australia
- Darlington Musarurwa
- 04 Feb, 2010
- New York City
Toyota raised its profit outlook for the current fiscal year despite the worldwide recall that may include as much as 8 million vehicles. Toyota is likely to face at least 29 class action lawsuits in the U.S. and Canada. Sony narrows annual loss forecast. Mitsubishi UFJ Financial returs to profit.
- Mayank Mehta
- 04 Feb, 2010
- New York City
Mumbai stocks declined after NTPC secondary offering drew fewer than expected bids and 3G license auction is delayed till the end of March. Investors worried that government may face difficulties in keeping the deficit in control. Automakers declined on a higher tax proposal.
- Mayank Mehta
- 04 Feb, 2010
- New York City
European Central Bank left its key lending rate at 1% and also hoped that the decision needed to reach 3% deficit target set for Greece will be followed. Market indexes in every member nation in the euro zone declined between 2% and 6%. Banco Santander plunged 9%.
- 123jump.com Staff
- 04 Feb, 2010
- New York City
Every benchmark index in 30 nations declined today. Spain led the world market sell-off with a plunge of 6% followed more than 4% losses in Brazil, Portugal, Greece and Argentina. Indexes in the U.S., Canada, Germany, France and UK declined at least 2%. Gold, copper and crude oil tumbled 4%.
- Mayank Mehta
- 04 Feb, 2010
- New York City
The UK benchmark index dropped more than 2% after a rise in jobless claims in the U.S. Bank of England left its key lending rate at 0.5% and ended the program to support government printing money to revive the economy. Vodafone lifted cash flow outlook. Unilever sales growth slowed.
- Mayank Mehta
- 04 Feb, 2010
- New York City
Starwood Hotels & Resort led gainers in the S&P 500 index with a rise of 8.3%. Ameriprise returns to profit on higher fees. International growth boosts Yum Brands. Visa quarterly net income jumps 33%. MasterCard plunges. Same store sales and outlook lifts Gap, Macy
- 123jump.com Staff
- 04 Feb, 2010
- New York City
European market indexes and the euro were under pressure after investors worried that Spain and Portugal have not done enough the meet EU deficit requirements. The benchmark index in Portugal dropped 4.2% and in Spain declined 3.5%.
- 123jump.com Staff
- 04 Feb, 2010
- New York City
Berkshire Hathaway filed to sell $8 billion in debt to fund its purchase of Burlington Northern Santa Fe. Berkshire is using cash new stock and debt to acquire its largest purchase in four decades and spend $26 billion.
- 123jump.com Staff
- 04 Feb, 2010
- New York City
U.S. stocks turned lower after the weekly jobless claims in last week increased 8,000 to 480,000. Non-farm business productivity surged 6.2% in the fourth quarter and increased 5.1% over the last four quarters, the largest increase since 2002.
- 123jump.com Staff
- 04 Feb, 2010
- New York City
Valero Energy reported 2009 fourth quarter net loss of $1.41 billion or $2.51 a share on earnings of $18.87 billion as against net loss of $3.28 billion or $6.36 a share in the year-ago quarter. The narrower loss was due to cost reduction initiatives and improved revenues.