- Mayank Mehta
- 24 Feb, 2010
- New York City
Indian Railways proposed a capital spending to increase 2.7% in the next fiscal year. Freight handled is expected to increased 6% and passenger revenues to increase 7%. The railways proposed to pay dividend of $1.2 billion to the central government.
- Darlington Musarurwa
- 24 Feb, 2010
- New York City
Australian benchmark index declined on weak commodities prices. The Australian dollar gained 0.2%. Total construction work hours increased 2.6% in the three months to December. Suncorp-Metway dropped 6.4% after it trimmed its dividend. Woodside 2009 profit increased 2.1%.
- 123jump.com Staff
- 24 Feb, 2010
- New York City
Daimler fourth quarter revenue dropped 8.2% to 21.32 billion euros with a net loss of 352 million euros in the fourth quarter as against loss of 1.52 billion euros a year ago. Share prices dropped 6% and the company said it will not pay dividend this year.
- 123jump.com Staff
- 23 Feb, 2010
- New York City
Banks are still reeling under the weight of loan losses and shrinking lending according to the latest report from the FDIC. Both the number and assets of
- 123jump.com Staff
- 23 Feb, 2010
- New York City
U.S. indexes declined more than 1% and European markets dropped more than 1.4%. Commodities declined. FDIC said that the number of problem banks increased 27% at the end of fourth quarter and is likely to increase in 2010. Consumer confidence index declined to 10-month low.
- Mayank Mehta
- 23 Feb, 2010
- New York City
UK stocks decline on a weakness of resource stocks and commodities. British Airways cabin crew voted for a strike if talks with management fail. Minerva Plc reported its first profit in two years on higher valuation of properties. Wolseley Plc surged 12% on estimated earnings estimate.
- Mayank Mehta
- 23 Feb, 2010
- New York City
Home Depot increased on positive outlook and better than expected earnings. Cracker Barrel surged 8% after quarterly earnings increased 38%. Expeditors International soared 7% after quarterly net declined less than expected.
- Mayank Mehta
- 23 Feb, 2010
- New York City
European market indexes and the euro traded lower. Commerzbank dropped 7% on higher than expected charges. Carlsberg A/S soared after it targeted higher operating margins. Lufthansa pilots return following court orders. Raiffeisen International dropped 12%.
- 123jump.com Staff
- 23 Feb, 2010
- New York City
The construction machinery company reported revenue declined 36% to $1.06 billion in the quarter. Net quarterly loss narrowed 66% to $142.8 million. The company lost $1.32 a share compared to a loss of $4.46 a share a year-ago quarter.
- 123jump.com Staff
- 23 Feb, 2010
- New York City
The auto parts retailer sales increased 5% to $1.17 billion in the quarter. Net quarterly income surged 68% to $72 million helped by strong same-stores sales growth and improved margins. Earnings per share rose to 52 cents from 32 cents the prior-year quarter.
- 123jump.com Staff
- 23 Feb, 2010
- New York City
European air travel is in disarray as airlines cut flights at Frankfurt and Paris airports. British Air is bracing for cabin crew strike that may begin as early as mid-March.
- 123jump.com Staff
- 23 Feb, 2010
- New York City
U.S. stocks and commodities declined in the early trading as investors focus on Greece sovereign debt issues. The euro declined. Home Depot reported better than expected earnings but Nordstrom earnings missed expectations.
- Darlington Musarurwa
- 23 Feb, 2010
- New York City
Australian dollar traded at a ten-year high against the euro and strengthened against the yen and the U.S. dollar. Aristocrat Leisure reported a full year loss of A$157.8 million. Amcor net profit soars increase 2.3% in the first half.
- 123jump.com Staff
- 23 Feb, 2010
- New York City
The business and financial management solutions provider quarterly revenue increased 8% to $837 million. Net quarterly income soared 34% to $114 million helped by strong sales of TurboTax federal units. Earnings per share rose to 35 cents from 26 cents the prior-year quarter.
- 123jump.com Staff
- 23 Feb, 2010
- New York City
First Solar fourth quarter revenues came in at $641.3 million, an increase of 45.6% with net income rising only marginally to $141.6 million. Earnings per share were $1.65 as against $1.61 a year ago. Revenue for 2010 is expected to come in from $2.7 billion to $2.9 billion.