- Mayank Mehta
- 09 Oct, 2009
- New York City
Tech stocks led the charge in the morning trading. IBM, Google and Research in Motion gained on broker recommendations. Tata Motors completed its $750 million offering. Infosys fell after quarterly net income fell 1%. Sunrise Senior Living surged 24% after it sold nursing home care facilities.
- Mayank Mehta
- 09 Oct, 2009
- New York City
Stocks in New York in early trading edged higher after brokers recommended tech stocks. Dollar hovered near its low and gold decreased in volatile trading. President Barack Obama won 2009 Nobel Peace Prize for his efforts to strengthen global diplomacy and cooperation.
- 123jump.com Staff
- 08 Oct, 2009
- New York City
The ECB left its key lending rate at 1% and left intact the programs to provide direct lending to financial system. Kazatomprom and Areva join forces to make and market nuclear fuel. GDF Suez hopes to enter Nord Stream by year end.
- 123jump.com Staff
- 08 Oct, 2009
- New York City
The Bank of England left its key lending rate at 0.5% and asset purchase plan unchanged. Vedanta Resources gained after it reported higher iron ore and aluminum production. Ladbrokes Plc fell after it plans to raise
- 123jump.com Staff
- 08 Oct, 2009
- New York City
Commodities and stocks gained for the second day in a row as gold reached a new record and copper and silver edged up. Home builders gained after comments from lawmakers and retailers advanced on September comparable sales data.
- 123jump.com Staff
- 08 Oct, 2009
- New York City
Health insurance providers declined sharply after the latest proposal discussed in the Senate Finance Committee was deemed deficit neutral by the non-partisan Congressional Office. Humana, UniteHealth Group and WellPoint declined more than 5%.
- Mayank Mehta
- 08 Oct, 2009
- New York City
Healthcare insurers declined after the non-partisan Congressional Budget Office said that the Senate Finance Committee
- Mayank Mehta
- 08 Oct, 2009
- New York City
Stocks in New York traded higher after Alcoa reported higher than expected earnings. Banks traded higher ahead of earnings next week from JP Morgan and Goldman Sachs next week. Oil, natural gas, copper and silver traded up. Gold reached $1,055.
- Mayank Mehta
- 08 Oct, 2009
- New York City
Stocks in India continue to hover near their recent highs ahead of strong earnings expectations. Rupee edged higher as foreign investors increase their exposure to Indian equities. Reliance Industries declared a bonus and 13 rupees per share dividend.
- 123jump.com Staff
- 07 Oct, 2009
- New York City
Australian stocks surged as commodities and metal prices increased. Australian dollar hovered near its recent highs. Australia asked China based Baosteel to resubmit its application for its 15% stake acquisition of Aquila Resources Ltd. Australia has been delaying several China investments.
- 123jump.com Staff
- 07 Oct, 2009
- New York City
Banco Santander priced its offering of its Brazilian unit at the mid-range of its filing range. The largest public offering ever in Brazil raised $8.05 billion. The bank plans to open 600 branches and improve its capital ratio.
- Mayank Mehta
- 07 Oct, 2009
- New York City
European markets edged lower but stocks in general maintained their upward bias in the region ahead of earnings season. EU revised higher the economic outlook for the next two years and economy shrank 0.2% in the second quarter from the first. Beisheim sells 5.2% stake in discount retailer Metro AG.
- Mukesh Buch
- 07 Oct, 2009
- New York City
U.S. stocks closed higher ahead of earnings season. Alcoa after the close reported better than expected third quarter earnings of $77 million or 8 cents a share on sales decline of 34% to $4.62 billion. European Commission revises economic outlook higher in the region.
- Mayank Mehta
- 07 Oct, 2009
- New York City
In UK, stocks kept their positive bias for the second day in a row. Retailers fell after J. Sainsbury reported lower than expected comparable same store sales growth. Michael Page, recruitment consultant third quarter profit fell 42%. Chocolate retailer Thorntons quarterly sales increased 2.3%.
- Mayank Mehta
- 07 Oct, 2009
- New York City
AirTran Holdings plunged after it filed to sell convertible notes and stocks. Avis Budget Group filed to raise at least $250 million. Home builders edged lower. Costco Wholesale Corp gained on positive outlook. Family Dollar advanced on earnings. Yum! Brands quarterly sales fall 2%, net drops 18.4%.