- 123jump.com Staff
- 14 Jan, 2010
- New York City
American Movil plans to issue stocks worth $18 billion to acquire the land line operator Telemex in Mexico. Briggs & Stratton said latest quarterly earnings declined 6%. Zale Corp forced its chief executive after weak holiday sales.
- 123jump.com Staff
- 14 Jan, 2010
- New York City
U.S. stocks traded lower after retail sales declined and weekly jobless claims increased. Prices of imported goods were unchanged in December but exported goods increased 0.6%. Briggs & Stratton reported latest quarterly earnings per share of 6 cents and CRA International of 23 cents.
- Darlington Musarurwa
- 13 Jan, 2010
- New York City
Lower commodities and unease related to recent China move to increase bank reserve ratios damped the mood in trading. Sydney stocks closed lower. WorleyParsons lowered its earnings outlook and weaker than expected power sales in the U.S. Residential rents are expected to rise in Australia.
- Darlington Musarurwa
- 13 Jan, 2010
- New York City
Stocks in Japan declined on the worries that stimulus reversal in China may lower imports. Commodities linked companies declined. Corporate failures in Japan declined 16.6% in December. Japan prepares JAL to file bankruptcy and may launch discount carrier.
- Mayank Mehta
- 13 Jan, 2010
- New York City
Stocks in Mumbai traded higher after Infosys reported better than expected earnings. Rupee advanced as exporters prepare to sell the dollar. Bajaj Auto Ltd quarterly sales surged 59% and earnings nearly tripled but earnings net declined 63% at Bajaj Finserv.
- 123jump.com Staff
- 13 Jan, 2010
- New York City
U.S., Germany, Italy and Portugal raised nearly $45 billion though bonds sale today. Treasuries yields in the U.S. and Europe inched up after the sale. Emerging markets declined on the worries after China increased bank reserve requirements.
- Mayank Mehta
- 13 Jan, 2010
- New York City
European markets closed mixed and commodities prices declined. Portugal, Germany and Italy raised
- Mayank Mehta
- 13 Jan, 2010
- New York City
UK stocks closed lower tracking a decline in commodities prices. UK November factory output was unchanged from October. Hershey is likely to bid for Cadbury Plc. Resource sector stocks declined after a weakness in metals and energy prices.
- Mayank Mehta
- 13 Jan, 2010
- New York City
Wyndham Worldwide surged after positive comments from Deutsche Bank. Petroleum refiners Tesoro and Valero declined on the worries that elevated crude oil prices will crimp margins. China based search engine surged after Google said it may close its operations in China. Res-Care Inc plunged 17%.
- 123jump.com Staff
- 13 Jan, 2010
- New York City
U.S. stocks traded sideways as Treasuries declined, the dollar advanced and commodities weakened. U.S. Treasury is scheduled to raise $21 billion in bond offering today. Google declined after the company said it may close down its operations in China and Baidu Inc surged.
- Mayank Mehta
- 12 Jan, 2010
- New York City
Stocks in Mumbai traded lower. Infosys posts strong December quarter. Dunlop India on a roll as trading resumes after eight years of suspension. Suven Life Sciences announces two patents in China and Russia. Bharti Airtel acquires 70% stake in Bangladesh based Warid Telecom for $300 million.
- Darlington Musarurwa
- 12 Jan, 2010
- New York City
In an apparent move to remove government stimulus, the People
- Darlington Musarurwa
- 12 Jan, 2010
- New York City
Prime Minister Hatoyama urged JAL retirees to approve the restructuring plan ahead of deadline. The troubled carrier is expected to file bankruptcy and take up to three years to turnaround. Current account surplus soars in November. Bank lending increased 1.2% in December and 2.5% in 2009.
- Darlington Musarurwa
- 12 Jan, 2010
- New York City
The benchmark index in Sydney declined after mortgage loans in November fell 5.6%. The decline in loan commitments surprised most economists. Resource stocks closed higher after commodities prices gained in international markets. China based Bright Foods offered $1.5 billion for sugar unit of CSR.
- 123jump.com Staff
- 12 Jan, 2010
- New York City
U.S. stocks closed lower after investors focused on bank earnings this week. White House plans to impose fees of $120 billion to refund TARP. China raised bank reserves requirements. SEC sues Bank of American and said it did not disclose Merrill Lynch losses to shareholders.