- Darlington Musarurwa
- 18 Feb, 2010
- New York City
Bank of Japan left its key rate unchanged at 0.1% and kept its bond purchase plan intact. Governor Shirakawa also offered his strongest warning and urged government to curb the rising debt. Stocks in a listless trading searched for a direction and barely closed up. Electronics makers closed up.
- 123jump.com Staff
- 17 Feb, 2010
- New York City
U.S. stocks edged higher on a rise in industrial production and increase in housing starts. U.S. Treasuries declined after Fed policy makers debated ways to sell assets to shrink $2.26 trillion balance sheet. Soros Funds increased its holding of gold.
- Mayank Mehta
- 17 Feb, 2010
- New York City
UK indexes edged higher as they have been in the last six sessions. Banks and financial services led the gainers. Legal & General Group net cash generated doubles. Balfour Beatty wins motorway deal. Thorntons profits jump 26%. Kedco says gasification plant delayed for lack of funds.
- Mayank Mehta
- 17 Feb, 2010
- New York City
European markets advanced on better than expected earnings from BNP Paribas, Atos Origin, BIC SA, Deutsche Boerse and ING. Euro zone reported trade surplus of
- Mayank Mehta
- 17 Feb, 2010
- New York City
Whole Foods Market, Inc led gainers in the S&P 500 index after it lifted the fiscal year outlook. Deere & Co lifts annual forecast after first quarter profit rises 19%. Walgreen acquires Duane Reade for $1.1 billion. Martha Stewart Living Omnimedia surged 9% on 20% increase in quarterly revenues.
- 123jump.com Staff
- 17 Feb, 2010
- New York City
Asian markets soared following the gains in New York and Europe. The benchmark index in India increased ahead of the government budget on Feb 26. Australian index gained on better economic outlook.
- 123jump.com Staff
- 17 Feb, 2010
- New York City
U.S. stocks advanced after industrial production increased at a faster pace and housing starts increased in January. Deere & Co and Whole Foods Market soared on lifting the current year outlook. Walgreen agreed to acquire Duane Reade for $1.1 billion.
- Mayank Mehta
- 17 Feb, 2010
- New York City
In a pre-budget rally, stocks in Mumbai continue to advance. Finance Minister Mukherjee is scheduled to release budget on Feb 26. Tata Steel gained after it reported consolidated profit. Banks surged.
- Darlington Musarurwa
- 17 Feb, 2010
- New York City
The benchmark index in Japan soared 2.7% following the gains in New York and Europe. Automakers, steel mills and shipping companies led the advance. Toyota may recall Corolla is power steering is found defective.
- Mayank Mehta
- 17 Feb, 2010
- New York City
Australian stocks and dollar closed higher. Better economic outlook and expectations of higher rates in the year drove the market sentiment. Westfield annual loss shrank on a stake sale. CSL Ltd surged 5% on 23% increase in first half net. Coca-Cola Amatil Ltd net increased 16%, lower than expected.
- 123jump.com Staff
- 17 Feb, 2010
- New York City
Lear Corp fourth quarter net sales were $2.7 billion with 68% coming from outside North America. Fourth quarter pre-tax income was $1.26 billion against a loss of $683 million in year ago quarter reflecting structural reorganization following chapter 11 filing leading to fresh start accounting.
- 123jump.com Staff
- 17 Feb, 2010
- New York City
Revenues up 41% to $17.9 billion & net income was $1.3 billion or $1.75 a share. Operating margins were 9.8% reflecting good overall performance. Team delivered operating margin of 11.1% in the 3rd quarter driven by strong executions across its production & services programs & favorable delivery mix
- Darlington Musarurwa
- 16 Feb, 2010
- New York City
Stock in Japan closed nearly unchanged and service industry shrank in December. Banks receive 20,000 applications under debt moratorium law. The Japanese government and the Bank of Japan agree on the inflation target of 1%.
- Darlington Musarurwa
- 16 Feb, 2010
- New York City
Australian stocks closed higher after Westpac reported better than expected earnings. Westpac first quarter earnings surged 33%. Foster
- Mayank Mehta
- 16 Feb, 2010
- New York City
WellPoint, Inc led the decliners in the S&P 500 index after reaffirmed its 2010 earnings outlook, lower than expected. Abercrombie & Fitch earnings falls 31%. Kraft Foods sales increase 3%. PMI loss widens and loans in default continue to rise. Teva swings to profit. Terra Industries surges.