- 123jump.com Staff
- 23 Mar, 2010
- New York City
The office furniture systems and products maker net sales declined 7% to $329.6 million in the quarter. Net quarterly earnings were $8.3 million helped by better margins and lower restructuring charges. The company gained 12 cents a share compared to a loss of 10 cents a share a year-ago quarter.
- 123jump.com Staff
- 23 Mar, 2010
- New York City
Video game and entertainment software retailer fourth quarter sales increased 0.9% to $3.52 billion and net earnings dropped marginally to $215.92 million. Earnings per share were $1.29 against $1.39 in the prior year quarter. Comparable same store sales were down 7.9% for the quarter.
- Mayank Mehta
- 22 Mar, 2010
- New York City
Stocks in Hong Kong fell sharply after India raised rates. Banks and property developers led the decliners. *XH Air China increased its stake in Shenzhen Airlines to 51%. Bank of China shareholders approve convertible bond issuance plan. Poly Real Estate Group plans to raise $1.4 billion.
- Darlington Musarurwa
- 22 Mar, 2010
- New York City
The benchmark stock index and the dollar declined tracking losses in metals and commodities. Arrow Energy recommends A$3.4 billion bid from a joint venture controlled by Royal Dutch Shell and PetroChina. AXA Asia Pacific and NAB extended the A$13.3 billion takeover bid deadline by nine days.
- 123jump.com Staff
- 22 Mar, 2010
- New York City
Mumbai stocks closed lower after Reserve Bank of India in a surprise move lifted reverse repurchase rate to 3.5% and the repurchase rate to 5% from 4.75%. The small increase in rate may be followed by additional increases if inflation fails to decline from the near record rate of 17%.
- 123jump.com Staff
- 22 Mar, 2010
- New York City
U.S. stocks closed higher after the passage of healthcare bill removed an overhang on the pharmaceutical industry and health insurance providers. Markets in Latin America and Europe rebounded. The dollar gained and commodities closed mixed.
- Mayank Mehta
- 22 Mar, 2010
- New York City
UK benchmark index and commodities traded sideways. Royal Dutch Shell and Petro China agree to acquire Australia based Arrow Energy Ltd. ICAP Plc will shut down its cash equities trading business. Wolseley Plc may shut businesses that fail to perform.
- Mayank Mehta
- 22 Mar, 2010
- New York City
European leaders are increasingly divided to offer financial assistance to Greece. Greece has
- 123jump.com Staff
- 22 Mar, 2010
- New York City
Tenet Healthcare Corporation led gainers in the S&P 500 index with a rise of 7% after the passage of landmark healthcare bill. Drug makers traded higher and health insurers are mixed. Consol Energy Inc. enters into agreement with CNX Gas shareholder.
- 123jump.com Staff
- 22 Mar, 2010
- New York City
The U.S. House passed after much debate and rancor sweeping changes to healthcare coverage. The legislation passed with 219-212 vote will expand the coverage to 32 million people. Hospital chain operators and drugmakers increased but healthcare insurers declined. The dollar edged up.
- 123jump.com Staff
- 22 Mar, 2010
- New York City
Guess Inc fourth quarter operating earnings jumped 76.3% to $120.7 million driven by higher sales. Net earnings also jumped 80% to $86.6 million due to improved margins. Earnings per share were $.093 against $0.51 in the year ago quarter. Company increased cash dividend by 28%.
- 123jump.com Staff
- 22 Mar, 2010
- New York City
Sales rose 11.5% to $18.36 billion & net income rose 25% to $299 million or $.67 a share. comp sales figure was up 9%. Overall reported gross margin was higher year over year by the 26. Operating income was up 18% year over year from $399 million to $470 million or an increase of $71 million.
- Mayank Mehta
- 19 Mar, 2010
- New York City
Indexes in Hong Kong rallied after property developers and resource stocks gained. Chalco surged in HK and in Shanghai trading after the parent agreed to an investment of $1.4 billion in a joint venture with Rio Tinto Plc in an iron ore mine in Guinea. China Eastern gets ready to take 30 new planes.
- Darlington Musarurwa
- 19 Mar, 2010
- New York City
Rio Tinto and Chinalco to jointly develop Simandou iron ore project in Guinea. The securities regulators approve a rival trading platform to ASX Ltd. Amcor faces A$697 million lawsuit. Mirvac Group completes the A$150 million debt offering.
- Darlington Musarurwa
- 19 Mar, 2010
- New York City
Stocks in Tokyo closed higher as the prospect of economic and exports recovery solidify. Japan