- 123jump.com Staff
- 29 Jan, 2010
- New York City
sales rose 41.6% to $1.53 billion and net income rose 197% to $740 million or 47 cents a share. gross margin was 42.4% compared to 40.5% in Q3. Equity earnings were $461 million in the fourth quarter compared to $418 million in Q3.
- 123jump.com Staff
- 29 Jan, 2010
- New York City
U.S. stocks gained after the economy expanded at the fastest pace in the fourth quarter in six years. Stocks also responded to better than expected earnings from Amazon.com and Chevron. SanDisk, Microsoft and Avery Dennison declined.
- 123jump.com Staff
- 29 Jan, 2010
- New York City
The U.S. economy expanded at 5.7% in the last quarter of 2009 as businesses rebuild inventories. Consumer and business spending remained sluggish and inflation measure was within the target range set by the Fed. Weak job market has curbed the consumer spending.
- 123jump.com Staff
- 29 Jan, 2010
- New York City
World markets are still holding out for the prospect of global economic recovery. Asian markets indexes closed mixed with a negative bias and the indexes in Europe edged higher. Unemployment in the Euro zone increased to 10% in December.
- 123jump.com Staff
- 29 Jan, 2010
- New York City
The financial services firm reported net quarterly revenue of $9.6 billion. Net quarterly earnings were $4.9 billion as revenue surged in its investment banking and trading and principal investments segments. The company earned $8.20 a share compared to a loss of $4.97 a share a year-ago quarter.
- 123jump.com Staff
- 28 Jan, 2010
- New York City
U.S. indexes closed lower with tech stocks leading the decliners. Senate reappointed Ben S. Bernanke for a second term as chairman of the Federal Reserve. European markets declined on the worries that Greece may face difficulties balancing its budget.
- 123jump.com Staff
- 28 Jan, 2010
- New York City
The U.S. Senate confirmed the appointment of Ben S. Bernanke for the second four-year term as chairman of the Federal Reserve with the smallest margin ever. The 70-30 vote was only preceded by a 1983 vote to reconfirm Paul Volcker with 84-16 vote.
- Mayank Mehta
- 28 Jan, 2010
- New York City
T. Rowe Price Group reported a surge in earnings and revenues as markets rebound. Qualcomm Incorporated led the decliners in the S&P 500 index with a loss of 13.8%. 3M Co fourth quarter net rises. AT&T Inc profit leaps 26% on gains in the wireless division. Textron Inc posts narrower losss.
- Mayank Mehta
- 28 Jan, 2010
- New York City
UK stocks closed lower as the weakness in resource stocks and banks overshadowed better than expected earnings from BSkyB. AstraZeneca reported weaker than expected earnings and lower than expected outlook for the year. Christie
- Mayank Mehta
- 28 Jan, 2010
- New York City
European indexes closed lower and Nokia and H&M reported better than expected earnings. Nokia surged more than 12% and H&M soared 8%. Bouygues to price
- 123jump.com Staff
- 28 Jan, 2010
- New York City
U.S. stocks traded higher after weekly jobless claims declined and durable goods orders increased. President Obama focused on job creations and asked Congress to provide more economic stimulus. E*Trade, Netflix, Qualcomm and Symantec quarterly sales rise.
- Darlington Musarurwa
- 28 Jan, 2010
- New York City
Stocks in Shanghai increased on the optimism that the U.S. efforts to increase jobs and stimulate economy will increase exports. Stocks rebounded from their lows in the last two weeks. Cathay Pacific expects rise in first quarter passenger numbers.
- Mayank Mehta
- 28 Jan, 2010
- New York City
Investors were on hold ahead of RBI announcement tomorrow. Inflation worries are dragging market sentiment as wholesale price index hovers near record high. Tata Steel quarterly sales increased 33% and net profit gained 155%.
- 123jump.com Staff
- 28 Jan, 2010
- New York City
Sales fell 14.5% to $1.88 billion and net income rose 1.6% to $582 million or $1.23 a share.Same-store price was in the range of 4% for the quarter. Full year free cash flow, an excellent performance in 2009 and generated $790 million of free cash flow which was essentially flat to perfomance.