- Mayank Mehta
- 29 Mar, 2010
- New York City
European markets closed lower and an index of business and consumer sentiment reached a 22-monthh high. Greece is preparing to launch 7-year bonds. Ruble declined after two terrorist attacks in Moscow.
- Mayank Mehta
- 29 Mar, 2010
- New York City
Southwestern Energy Company led gainers in the S&P 500 index. AIG completes the sale of PineBridge Investments for $500 million. Bell Microproducts agrees to be acquired by Avnet. CKX Inc confirms sale discussions. Ford reaches agreement to sell Volvo to China based Geely.
- 123jump.com Staff
- 29 Mar, 2010
- New York City
U.S. stocks traded higher after personal spending increased for the fifth month in a row. U.S. Treasury plans to sell its entire stake of 27% in Citigroup by the end of the year. AIG completes the sale of its PineBridge Investments for $500 million.
- 123jump.com Staff
- 29 Mar, 2010
- New York City
Revenues up 286% to $349.9 million & net loss was $22.0 million or 13 cents a share. Gross margin came in at 17% & was impacted by $45 million charge taken for inventory purchase commitments which exceeded forecasted demand. Operating expense for Q3 came in at $162 million versus $133 million in Q2.
- 123jump.com Staff
- 28 Mar, 2010
- New York City
Technology outsourcing and consulting firm Accenture second quarter net revenue declined 2% to $5.18 billion on weak performances in all its units. Profit declined 3% to $399.8 million. Earnings per share were 60 cents as against 63 cents in the year ago quarter.
- 123jump.com Staff
- 26 Mar, 2010
- New York City
Stocks in Shanghai rebounded after comments from central bank official suggested that interest rate hikes are not imminent. ICBC plans to raise as much as $3.7 billion to replenish its capital base after loan growth surges. Chalco reported fourth quarter loss of $160 million.
- 123jump.com Staff
- 26 Mar, 2010
- New York City
U.S. stocks lost earlier gains after a Korean vessel sank near the border with North Korea in Yellow Sea. President Obama expanded mortgage loan modification program. U.S. GDP was revised downwards in the third estimate. EU members agreed to offer credit facility to Greece. The dollar closed up.
- Mayank Mehta
- 26 Mar, 2010
- New York City
UK business investment dropped in the fourth quarter and construction spending led the largest decline. The pound declined against the dollar and the euro. HMV Group Plc surged 10% after the music and book retailer said it will focus on live events. UK 10-year bonds yields increased to 4.03%.
- 123jump.com Staff
- 29 Mar, 2010
- New York City
The open source software solutions provider revenue increased 18% to $195.9 million for the quarter. Net quarterly income soared 46% to $23.4 million. Earnings per share rose to 12 cents from 8 cents a year-ago quarter. Subscription revenue grew 21% to $169.2 million in the quarter.
- Mayank Mehta
- 26 Mar, 2010
- New York City
Greek bonds and stocks rebounded after EU leaders approved emergency assistance to Greece. Member nations agreed to provide a last resort credit facility of Greece cannot borrow from financial markets. Unipol Gruppo Finanziario SpA reported a surprise loss and said it will raise
- Mayank Mehta
- 26 Mar, 2010
- New York City
RadioShack Corporation led gainers in the S&P 500 index. Accenture second quarter net falls 3%. American Apparel, Inc net hit by production and finance issues. Oracle Corp third quarter revenues rose 17%. Home loans insurers surge more than 7% for the second day.
- Mayank Mehta
- 26 Mar, 2010
- New York City
Stocks in Mumbai trading closed higher for the third day in a row as investors focus on the quarterly earnings. Patel Engineering soars on a contract win of $1 billion in Mauritius. Essar Oil is planning to raise $1.7 billion. Polaris Software acquires a software company.
- Darlington Musarurwa
- 26 Mar, 2010
- New York City
The Australian dollar rebounded and stock struggled. Eastern Star Gas gained on the takeover speculation. Santos Ltd agreed to sell its gas field off the northern coast for A$200 million. Virgin Blue and Qantas report higher passenger loads in February.
- 123jump.com Staff
- 26 Mar, 2010
- New York City
Home furnishing retailer Williams-Sonoma fourth quarter net revenue grew 7.9% to $1.09 billion with comparable-store sales going up by 7.6%. Net income zoomed more than seven times to $88.4 million. Earnings per share were $0.81 as against $0.12 in the year ago quarter.
- Darlington Musarurwa
- 26 Mar, 2010
- New York City
February Core consumer price declined for the third month in a row. Core price decline has moderated since the fall of 2.4% six months ago. Japan bond yields rose tracking the gains the U.S. bonds yields. Stocks advanced the most in eighteen months on a weakness in the yen.