- 123jump.com Staff
- 29 Jan, 2010
- New York City
World markets are still holding out for the prospect of global economic recovery. Asian markets indexes closed mixed with a negative bias and the indexes in Europe edged higher. Unemployment in the Euro zone increased to 10% in December.
- 123jump.com Staff
- 29 Jan, 2010
- New York City
The financial services firm reported net quarterly revenue of $9.6 billion. Net quarterly earnings were $4.9 billion as revenue surged in its investment banking and trading and principal investments segments. The company earned $8.20 a share compared to a loss of $4.97 a share a year-ago quarter.
- 123jump.com Staff
- 28 Jan, 2010
- New York City
U.S. indexes closed lower with tech stocks leading the decliners. Senate reappointed Ben S. Bernanke for a second term as chairman of the Federal Reserve. European markets declined on the worries that Greece may face difficulties balancing its budget.
- 123jump.com Staff
- 28 Jan, 2010
- New York City
The U.S. Senate confirmed the appointment of Ben S. Bernanke for the second four-year term as chairman of the Federal Reserve with the smallest margin ever. The 70-30 vote was only preceded by a 1983 vote to reconfirm Paul Volcker with 84-16 vote.
- Mayank Mehta
- 28 Jan, 2010
- New York City
T. Rowe Price Group reported a surge in earnings and revenues as markets rebound. Qualcomm Incorporated led the decliners in the S&P 500 index with a loss of 13.8%. 3M Co fourth quarter net rises. AT&T Inc profit leaps 26% on gains in the wireless division. Textron Inc posts narrower losss.
- Mayank Mehta
- 28 Jan, 2010
- New York City
UK stocks closed lower as the weakness in resource stocks and banks overshadowed better than expected earnings from BSkyB. AstraZeneca reported weaker than expected earnings and lower than expected outlook for the year. Christie
- Mayank Mehta
- 28 Jan, 2010
- New York City
European indexes closed lower and Nokia and H&M reported better than expected earnings. Nokia surged more than 12% and H&M soared 8%. Bouygues to price
- 123jump.com Staff
- 28 Jan, 2010
- New York City
U.S. stocks traded higher after weekly jobless claims declined and durable goods orders increased. President Obama focused on job creations and asked Congress to provide more economic stimulus. E*Trade, Netflix, Qualcomm and Symantec quarterly sales rise.
- Darlington Musarurwa
- 28 Jan, 2010
- New York City
Stocks in Shanghai increased on the optimism that the U.S. efforts to increase jobs and stimulate economy will increase exports. Stocks rebounded from their lows in the last two weeks. Cathay Pacific expects rise in first quarter passenger numbers.
- Mayank Mehta
- 28 Jan, 2010
- New York City
Investors were on hold ahead of RBI announcement tomorrow. Inflation worries are dragging market sentiment as wholesale price index hovers near record high. Tata Steel quarterly sales increased 33% and net profit gained 155%.
- 123jump.com Staff
- 28 Jan, 2010
- New York City
Sales fell 14.5% to $1.88 billion and net income rose 1.6% to $582 million or $1.23 a share.Same-store price was in the range of 4% for the quarter. Full year free cash flow, an excellent performance in 2009 and generated $790 million of free cash flow which was essentially flat to perfomance.
- Darlington Musarurwa
- 28 Jan, 2010
- New York City
Stocks in Japan surged after Canon reported a surge in earnings forecasted improved earnings outlook. Expectations of higher earnings at Sony, Honda and Nippon Electric Glass lifted stocks. Toyota declined nearly 4% as the automaker expanded recall program and halted sales in the U.S. and Canada.
- Darlington Musarurwa
- 28 Jan, 2010
- New York City
Stocks in Australia edged higher. Australia median house prices rise 12.1% in December. New Zealand holds its benchmark rate at 2.5%. Woodside Petroleum Ltd said that only half of striking workers have returned to Pluto project work defying a court order.
- Mayank Mehta
- 27 Jan, 2010
- New York City
Stocks in Shanghai and Hong Kong declined for the fourth day as banking regulators nearly halt new lending for a week. ICBC has tightened its new lending and stopped rolling over debts. Huaneng Group electricity output is up 13%. Yankuang gets approval to develop bauxite project in Australia.