- Darlington Musarurwa
- 25 Mar, 2010
- New York City
Reserve Bank of Australia noted the commercial real estate loan losses are a significant concerns but bank profits are expected to be on the rise. The RBA official also noted separately that inflation is likely to decline in the coming months. Woodside Petroleum denies Santos merger talks.
- Mayank Mehta
- 25 Mar, 2010
- New York City
Prime Minister Yukio Hatoyama showed his willingness to discuss the increase in consumption pledge. He had focused his campaign on lowering taxes and eliminating wasteful spending. Steelmakers in Japan face as much as 100% hike in iron ore price from Brazil shipments.
- 123jump.com Staff
- 25 Mar, 2010
- New York City
Revenues rose 6.5% to $4.73 billion & net income rose 111% to $496.4 million or $1.01 a share. Gross margin was 46.9%, a 300 basis point increase over the prior year. Comparable sales for brick-and-mortar Nike-owned retail stores rose 17% & online sales grew 25%. Inventory was down 27% year-on-year.
- 123jump.com Staff
- 24 Mar, 2010
- New York City
China and U.S. spar to decide the future direction of yuan. Several U.S. lawmakers are working on new legislations to push China to revalue the currency. China ended three-day bribery trial of Rio Tinto Group executives. BOC Hong Kong (Holdings) Ltd 2009 net profit rises 310%.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Australian dollar and stocks edged lower. China ended its three day bribery trial involving Rio Tinto Group four executives. Brambles Ltd is scheduled to raise $750 in bond offering. BHP Billiton and Rio Tinto rise on the expectations of higher prices set by Vale SA of Brazil.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Japanese lawmakers approved 92.3 trillion yen or $1 trillion budget for the next year starting April 1 and the government plans to raise 44 trillion yen through bonds. February exports surged 45.3%, the fastest pace in three decades as demand recovers in China, Europe and the U.S.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Stocks in U.S. and Europe traded lower on the worries that rising sovereign debt will crimp nascent recovery. U.S. and UK bond yields advanced. New home sales in the U.S. declined, factory orders gained. EU leaders struggle to devise a bailout plan for Greece. UK debt plans drag the pound.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Chancellor of Exchequer Darling trimmed his budget deficit forecast by 8% to 567 billion over the next five years. He also targeted deficit to shrink from 11.8% to fall to 4% by April 2015. The government plans to borrow
- Mayank Mehta
- 24 Mar, 2010
- New York City
European leaders negotiate Greece bailout that may involve the IMF. ArcelorMittal aims to produce 100 million tons of iron ore a year by 2015. Gameloft SA soared 8% after video games developer said 2009 revenues rose 10.6%. Commerzbank increased on the first quarter profit estimate.
- 123jump.com Staff
- 24 Mar, 2010
- New York City
The package delivery company reported revenue rose 7% to $8.70 billion in the quarter. Net quarterly income surged 146% to $239 million reflecting higher shipment growth due to the uptick in the global economy. Earnings per share soared to 76 cents from 31 cents a year-ago quarter.
- Mayank Mehta
- 24 Mar, 2010
- New York City
Lennar surged after it reported sharply smaller loss in the first quarter. Adobe Systems soared 6% after it quarterly sales increased 9% and net surged 19%. MF Global surged after it appointed former chairman of Goldman Sachs chief Jon S. Corzine as new chairman and CEO.
- 123jump.com Staff
- 24 Mar, 2010
- New York City
European markets traded lower and the euro declined for the third week in a row as Greece faces a deadline to refinance its debt. Fitch downgraded sovereign debt rating of Portugal with negative outlook. Industrial new orders in the euro zone declined.
- 123jump.com Staff
- 24 Mar, 2010
- New York City
U.S. stocks traded lower after new home sales declined and factory orders increased more than anticipated. Excluding defense orders, new orders rose 1.6% and excluding transportations, orders increased 0.9%. The dollar gained against the euro after Portugal debt was downgraded.
- 123jump.com Staff
- 23 Mar, 2010
- New York City
Revenue fell 5% to $16.5 million & net loss was 0.8 million or 3 cents a share. Operating expenses in the quarter were $17.8 million a reduction of 8% compared to $19.4 million in the prior-year period. Operating expenses in fiscal
- 123jump.com Staff
- 23 Mar, 2010
- New York City
Revenues rose 0.5% to $157.3 million & net income rose 4.3% to $36.1 million or 75 cents a share. Operating income increased 5% to $54.5 million. Operating margins were 140 basis points higher year over year at 34.6% in Q2 compared to 33.2% a year ago. Operating margins were 34.8% in Q1.