- 123jump.com Staff
- 03 Feb, 2010
- New York City
Greece, Spain, Portugal and Italy worries currency traders in Europe. Greece today won an endorsement from the EU regulators as it prepares to lower its deficit sharply in one year. Spain and Portugal will face difficult choices in the next few months.
- 123jump.com Staff
- 03 Feb, 2010
- New York City
Even though sales and services revenue for fourth quarter grew only marginally to $4.1 billion, EMC net income surged 54% to $426.49 million due to better cost controls and higher service revenues. Earnings per share rose to $0.20 from $0.13 from the year ago quarter.
- 123jump.com Staff
- 03 Feb, 2010
- New York City
The asset management services provider quarterly revenue surged 124% to $132.9 million. Net quarterly income was $12.3 million due to strong growth in investment banking and institutional brokerage revenue. The company earned 63 cents a share compared to a loss of $9.76 a share a year-ago quarter.
- 123jump.com Staff
- 03 Feb, 2010
- New York City
Revenues fell 18% to $1.55 billion and net income fell 68.5% to $92.2 million or 34 cents per diluted share. Operating costs and working capital to generate operating catch flow of more than $1 billion and raised dividend for the fifth time since IPO.
- Mayank Mehta
- 02 Feb, 2010
- New York City
Stocks in Hong Kong and Shanghai diverged. Hong Kong retail sales increased 16% in December and home sales surged in January. Gross casino revenues in Macau soared 65% in January. Securities regulator approves rights issue of China Merchants Bank.
- Darlington Musarurwa
- 02 Feb, 2010
- New York City
Reserve Bank of Australia left its key lending rate unchanged at 3.75%. Australian business confidence fell in December. Hill Industries profits rise 40%. Woodside Petroleum increased nearly 4% after workers at Pluto natural gas project ended an eight-day strike.
- 123jump.com Staff
- 02 Feb, 2010
- New York City
U.S. indexes added more than 1% for the second day. Indexes closed lower at the end of three weeks in a row. Crude oil rebounded and hovered near $77 a barrel. Home builders gained after the index of pending home sales increased and D.R. Horton reported its first quarterly profit since 2007.
- Darlington Musarurwa
- 02 Feb, 2010
- New York City
Average monthly wages in Japan drop 3.9% in 2009. Nomura returned to profit in the third quarter as banks issue more shares in underwritten offering. Mitsubishi Electric Corp reported its first quarterly profit in five quarters. Daihatsu Motor Corp. lifts profit forecast to 15 billion yen.
- Mayank Mehta
- 02 Feb, 2010
- New York City
Stocks in Mumbai declined ahead of NTPC divestment tomorrow. Motorcycles and auto makers report surging sales in January. Cement makers report stronger than expected sales in the previous month.
- Mayank Mehta
- 02 Feb, 2010
- New York City
European producer prices in December edged up from November but declined in every month in 2009. The monthly decline is the longest stretch of decline in ten years. Greek bond yields increased. Belgian telecom operators declined after the regulator sough lower termination fees.
- Mayank Mehta
- 02 Feb, 2010
- New York City
BP Plc declined after it reported lower than expected continuing operating income. Net investment flows picked up in 2009 and exceeded previous record of
- Mayank Mehta
- 02 Feb, 2010
- New York City
Whirlpool Corp surged after it offered better than expected 2010 outlook. Barnes & Noble soared on a possible buyout from activist investor Ron Burkle. Ann Taylor reported better than expected sales. Comsys IT agreed to be acquired by Manpower.
- 123jump.com Staff
- 02 Feb, 2010
- New York City
U.S. stocks and commodities traded higher. Barnes & Noble increased after activist investor Ron Burkle sought to increase his stake in the book retailer to 37%. Index of pending home sales increased 1%. Earnings lifted stocks of D.R. Horton and Lexmark International.
- 123jump.com Staff
- 02 Feb, 2010
- New York City
Markets in Asia closed higher tracking gains in the U.S. European markets advanced at mid-day. December industrial producer price index increased 0.1% in November. Australia left its key lending rate unchanged at 3.75%.
- 123jump.com Staff
- 02 Feb, 2010
- New York City
Sales rose 6% to $89.8 billion and net income fell 22% to $6.1 billion or $1.27 per diluted share. downstream operating results in the fourth quarter were a loss of $189 million, down $2.6 billion from the fourth quarter of 2008. Lower margins decreased earnings by $2.2 billion.