- Darlington Musarurwa
- 16 Mar, 2010
- New York City
Bank of Japan is scheduled to announce its rate decision and the direction of its bond purchase and direct lending programs. Sony Financial surged 14% after it tightened its portfolio guidelines. Honda Motor recalled 412,000 vehicles in the U.S.
- 123jump.com Staff
- 16 Mar, 2010
- New York City
U.S. Federal Reserve left its key lending rate range unchanged and cautioned that while labor markets are stabilizing the bank lending is still contracting. The Fed also estimated that rates will be low for an extended period of time.
- Mayank Mehta
- 16 Mar, 2010
- New York City
European market indexes closed more than 1% after EU finance ministers agreed on framework in supporting Greece and rating agency Standard & Poor
- 123jump.com Staff
- 16 Mar, 2010
- New York City
UK stocks edged higher after commodities rebounded. British Airways reach a settlement with the union on pension contribution commitment to finalize the purchase of Spain based Iberia. BP Plc takes a majority stake in the oilsands venture in Canada.
- Mayank Mehta
- 16 Mar, 2010
- New York City
Genpact Ltd declined after shareholders plan to sell 28 million shares. Financial Engines Inc surged 39% from its initial public offering price. FactSet Reseach Systems Inc gained 3% after it reported earnings increased 4.5%. Deutsche Bank swung to a quarterly profit.
- 123jump.com Staff
- 16 Mar, 2010
- New York City
The benchmark index in Mumbai trading gained more than 1% as investors focused on earnings in the current quarter and advanced tax payments. Reliance Industries payment of $170 million bolstered market sentiment despite the inflation hovering near 20%. Jet Airways expanded its route network.
- 123jump.com Staff
- 16 Mar, 2010
- New York City
U.S. stocks traded sideways ahead of the Fed
- 123jump.com Staff
- 16 Mar, 2010
- New York City
Revenue rose 104% to $982.5 million and net income was $131.1 million or 23 cents a share. GAAP gross margin was 44.7%, significantly higher than guidance. first quarter of fiscal 2011 GAAP gross margin is expected to be in the range of 44% to 45%, GAAP operating expenses are expected to be flat.
- Mayank Mehta
- 15 Mar, 2010
- New York City
China lowered its exposure to the U.S. bonds for the third month in a row in January but still retained the top holder of the U.S. government debt. CNOOC agreed to acquire a stake in Argentina based oil company for $3.1 with operations in Latin America.
- Mayank Mehta
- 15 Mar, 2010
- New York City
UK stocks closed lower on a weakness in copper and metal prices. Moody
- Mayank Mehta
- 15 Mar, 2010
- New York City
Wholesale inflation hovered at 16
- 123jump.com Staff
- 15 Mar, 2010
- New York City
U.S. financial stocks gyrated after investors digested banking industry overhaul and provide additional authority to the Federal Reserve to breakup banks that are deemed to be to system risk. Federal Reserve is scheduled to announce its rate outlook tomorrow.
- Mayank Mehta
- 15 Mar, 2010
- New York City
The euro continued to trade weak ahead of finance ministers meeting today. Phillip-Van Heusen Corp agreed to acquire Tommy Hilfiger for
- Mayank Mehta
- 15 Mar, 2010
- New York City
Google Inc declined 4% on a growing speculation that it may shut down its Chinese language search engine. Baidu Inc surged 6%. Boston Scientific dropped 14% after the company recalled certain defibrillators. Consol Energy Inc agreed to acquire coal and energy portfolio of Dominion Resources.
- 123jump.com Staff
- 15 Mar, 2010
- New York City
U.S. stocks traded lower and the dollar gained. Federal Reserve is scheduled to signal its rate outlook tomorrow. Inflation in China, India hovered near 16-month high as commodities investors fear tighter banking regulations in two fast growing economies. Deals of $7.5 billion were announced today.