- Mayank Mehta
- 11 Jan, 2010
- New York City
2009 worldwide auto sales at Volkswagen decreased 1.1% and at BMW fell 10%. Spain based Telefonica SA declined 3% after Venezuela devalued its currency by 50% and is looking to repatriate $2 billion from Venezuela. Heineken NV gained 3.3% after it agreed to acquire beer unit of Femsa SAB.
- Mayank Mehta
- 11 Jan, 2010
- New York City
UK stocks traded sideways but resource sector stocks gained. UK financial services executives indicate weak sentiment for the industry. Manchester United files to raise
- Mayank Mehta
- 11 Jan, 2010
- New York City
MercadoLibre, the online e-commerce site operator plunged 9%. Pacific Ethanol surged 60% on the expectations of higher sales. McMoran Exploration soared after it discovered energy prospects in the Gulf of Mexico.
- 123jump.com Staff
- 11 Jan, 2010
- New York City
Heineken agreed to acquire the beer business of Mexico based Femsa SAB in a deal that values its Mexican business and exports operations at $7.7 billion or
- 123jump.com Staff
- 11 Jan, 2010
- New York City
U.S. stocks traded sideways after commodities prices rose and the dollar declined. Alcoa gained nearly 6% on the expectations of quarterly profit report after the close. Gold and copper gained sharply.
- 123jump.com Staff
- 11 Jan, 2010
- New York City
Heineken NV agreed to acquire beer division of Femsa SAB of Mexico for 5.3 billion euros. Commodities prices and Asian stocks traded higher after China reported 18% rise in December exports. China surpassed Germany to be the largest exporter and the U.S. to be the largest automaker.
- 123jump.com Staff
- 08 Jan, 2010
- New York City
U.S. lost additional 85,000 jobs in December with unemployment rate of 10%. Labor participation rate declined to the lowest level since 1985 and nearly 930,000 people have stopped looking for work. U.S. stocks bounced near the flat line. Northern hemisphere is bracing for inclement weather.
- Mayank Mehta
- 08 Jan, 2010
- New York City
Stocks in China stayed near their recent highs as the nation battles sever cold in the northern region. China approved new investment tools that allow investors to bet on the falling markets. Hutchison Whampao offered HK$2.20 a share for Hutchison Telecom.
- Darlington Musarurwa
- 08 Jan, 2010
- New York City
Finance minister comments supporting lower yen lifted stocks of exporters and auto makers. Japan foreign reserve assets falls to $1 trillion. Japanese government is likely to restructure JAL through a court-backed bankruptcy. Toyota Prius sales topped industry sales in 2009.
- Mayank Mehta
- 08 Jan, 2010
- New York City
Stocks in India closed lower but appear to charge ahead as the earnings season next week. International investors increase their net exposure to Indian stocks to record $74 billion. 2009 auto sales increased 18.7% to 1.43 million and truck sales more than doubled in December.
- Mayank Mehta
- 08 Jan, 2010
- New York City
European markets closed higher after Germany reported better than expected increase in exports. Unemployment in the region increased to 10%. The second read of the euro area GDP was unrevised at 0.4%. Airlines and airport operators increased after global traffic expanded in November.
- 123jump.com Staff
- 08 Jan, 2010
- New York City
UK producer price surge fuels inflation fears. The pound was nearly unchanged after the report. Ted Baker sales surge. Mitchells & Butlers remains cautious. Aberdeen Asset Management agrees to acquire a unit of RBS for
- Mayank Mehta
- 08 Jan, 2010
- New York City
UPS plans to cut 1,800 jobs and revised its fourth quarter outlook higher. Apollo Group declined after an investigation by Department of Education raised issues. MetroPCS declined as investors fear declining margins. Chipotle Mexican Grill surges 7%.
- Mayank Mehta
- 08 Jan, 2010
- New York City
U.S. stocks edged lower after employers trimmed 85,000 jobs in December. Commodities declined. November wholesale sales increased 3.3% and inventories added 1.5% but still down 11% from a year ago. Apollo Group fell 5.3% after quarterly earnings gained 33%.
- 123jump.com Staff
- 08 Jan, 2010
- New York City
Weather remained in focus in northern hemisphere as freezing weather affected commodities and people transportation. Unemployment in the euro area increased to 10% in November and third quarter GDP was decreased 4% from a year ago.