- 123jump.com Staff
- 05 Mar, 2010
- New York City
UK producer prices increased 4.1% in February from a year ago, eleventh monthly increase in a row. Swiss based Glencore international exercised its option to buy back Colombia based coal unit from Xstrata Plc for at least $2.2 billion. United Business Media surged 7%.
- 123jump.com Staff
- 05 Mar, 2010
- New York City
European markets closed higher and the benchmark index in Athens soared 9%. Investors surmised that the EU will provide a bailout to Greece after Greek lawmakers passed budget cuts meeting the demands of EU nations and regulators. Vinci SA and Ahold NV gained on earnings.
- 123jump.com Staff
- 05 Mar, 2010
- New York City
General Growth Properties gains on the first day of trading. RCN, the regional cable provider soared 23% on a private equity buyout. Coal miners advanced after India based Essar Group acquired Trinity Coal. Apple Inc added 2.5% ahead of the release of iPad. Cache fourth quarter loss
- 123jump.com Staff
- 05 Mar, 2010
- New York City
The office products company reported quarterly sales increased 4% to $6.4 billion. Net quarterly income declined 18% to $234 million. Earnings per share dipped to 32 cents from 40 cents a year-ago quarter and earnings is estimated between 22 cents and 24 cents a share for the first quarter 2010.
- 123jump.com Staff
- 05 Mar, 2010
- New York City
U.S. stocks traded higher after February unemployment was unchanged at 9.7% and payrolls declined 36,000 less than expected in the month. Greek lawmakers passed the budget cuts sought by the government. Crude oil advanced.
- Mayank Mehta
- 05 Mar, 2010
- New York City
Prime Minister Manmohan Singh said that the current financial year economic growth will exceed 7.2% and the next year growth is likely to be near 8%. Sulzer India plans to delist the company. Spice Mobiles Ltd plans to raise $160 million. Hero Honda plans to not increase prices.
- 123jump.com Staff
- 05 Mar, 2010
- New York City
Revenues rose 18.6% to $1.34 billion & net income was $59.2 million or 11 cents a share. Total gross margin improved 220 basis points to 53.1%. Product gross margin in Q4 increased 240 basis points to 50.9% versus 48.5% in Q3. Cash flow from operations was record $332 million or 25% of net revenue.
- 123jump.com Staff
- 04 Mar, 2010
- New York City
Banks in Hong Kong and Shanghai trading declined after Chinese loan growth rate was estimated at 22% in the current year, lower from 40% increase in 2008. Metals processors closed lower on a weakness in copper prices. Li & Fung acquires UK based Visage Group.
- Darlington Musarurwa
- 04 Mar, 2010
- New York City
Australian trade deficit eases to A$1.1 billion in January. Linc is reviewing offers for three properties that it estimates are worth $1.5 billion. Telstra Corp hired bankers for its bond offering in Europe. Australian building industry expands at a slower pace in February.
- Darlington Musarurwa
- 04 Mar, 2010
- New York City
The benchmark index in Tokyo closed lower 1.1% on the worries that lower economic growth in China will slow exports. Business investments in Japan declined for the eleventh quarter in a row at the end of last year. Higher yen dragged exporters and automakers lower.
- Mayank Mehta
- 04 Mar, 2010
- New York City
European markets closed lower after a three day rally and the ECB left its key rate unchanged at 1%. Greece launched its
- 123jump.com Staff
- 04 Mar, 2010
- New York City
The Bank of England left its key lending rate on hold at 0.5% and kept its plan to purchase
- 123jump.com Staff
- 04 Mar, 2010
- New York City
U.S. businesses reported 6.9% improvement in productivity in the fourth quarter of 2009 and 5.9% in the year. The surge in productivity was driven by 4.7% decline labor cost in the year as employers cut jobs. Weekly jobless claims declined and the dollar edged higher against the euro.
- Mayank Mehta
- 04 Mar, 2010
- New York City
Foot Locker swings to profit. PetSmart profit dips 4% and forecast better than expected outlook. Take-Two cuts losses and revenue jumps. Limited Brands February same-store sales rise 10%. Urban Outfitters profit climbs 92%. Ciena plunges after quarterly loss nearly doubles.
- Mayank Mehta
- 04 Mar, 2010
- New York City
Food prices and wholesale prices remained at elevated levels according to the latest data from the government. Truck transportation association said members plan to increase freight rate by 15% after fuel taxes were lifted. Shipping companies closed higher after container freight rates surge 40%.