- 123jump.com Staff
- 03 Feb, 2010
- New York City
U.S. stocks declined after service industry expanded at a slower pace in January than estimated. Private sector cut 22,000 jobs according to a latest private survey. Crude oil inventories increased at the end of last week.
- 123jump.com Staff
- 03 Feb, 2010
- New York City
Asian markets rebounded at close. Earnings at Honda, Mitsubishi UFJ and Esprit Holdings drove stocks in Tokyo and Hong Kong higher. The Sensex index in India surged as foreign investors pour money in listed companies.
- 123jump.com Staff
- 03 Feb, 2010
- New York City
European stocks struggle as investors remain focused on the EU regulators
- 123jump.com Staff
- 03 Feb, 2010
- New York City
Greece, Spain, Portugal and Italy worries currency traders in Europe. Greece today won an endorsement from the EU regulators as it prepares to lower its deficit sharply in one year. Spain and Portugal will face difficult choices in the next few months.
- 123jump.com Staff
- 03 Feb, 2010
- New York City
Even though sales and services revenue for fourth quarter grew only marginally to $4.1 billion, EMC net income surged 54% to $426.49 million due to better cost controls and higher service revenues. Earnings per share rose to $0.20 from $0.13 from the year ago quarter.
- 123jump.com Staff
- 03 Feb, 2010
- New York City
The asset management services provider quarterly revenue surged 124% to $132.9 million. Net quarterly income was $12.3 million due to strong growth in investment banking and institutional brokerage revenue. The company earned 63 cents a share compared to a loss of $9.76 a share a year-ago quarter.
- 123jump.com Staff
- 03 Feb, 2010
- New York City
Revenues fell 18% to $1.55 billion and net income fell 68.5% to $92.2 million or 34 cents per diluted share. Operating costs and working capital to generate operating catch flow of more than $1 billion and raised dividend for the fifth time since IPO.
- Mayank Mehta
- 02 Feb, 2010
- New York City
Stocks in Hong Kong and Shanghai diverged. Hong Kong retail sales increased 16% in December and home sales surged in January. Gross casino revenues in Macau soared 65% in January. Securities regulator approves rights issue of China Merchants Bank.
- Darlington Musarurwa
- 02 Feb, 2010
- New York City
Reserve Bank of Australia left its key lending rate unchanged at 3.75%. Australian business confidence fell in December. Hill Industries profits rise 40%. Woodside Petroleum increased nearly 4% after workers at Pluto natural gas project ended an eight-day strike.
- 123jump.com Staff
- 02 Feb, 2010
- New York City
U.S. indexes added more than 1% for the second day. Indexes closed lower at the end of three weeks in a row. Crude oil rebounded and hovered near $77 a barrel. Home builders gained after the index of pending home sales increased and D.R. Horton reported its first quarterly profit since 2007.
- Darlington Musarurwa
- 02 Feb, 2010
- New York City
Average monthly wages in Japan drop 3.9% in 2009. Nomura returned to profit in the third quarter as banks issue more shares in underwritten offering. Mitsubishi Electric Corp reported its first quarterly profit in five quarters. Daihatsu Motor Corp. lifts profit forecast to 15 billion yen.
- Mayank Mehta
- 02 Feb, 2010
- New York City
Stocks in Mumbai declined ahead of NTPC divestment tomorrow. Motorcycles and auto makers report surging sales in January. Cement makers report stronger than expected sales in the previous month.
- Mayank Mehta
- 02 Feb, 2010
- New York City
European producer prices in December edged up from November but declined in every month in 2009. The monthly decline is the longest stretch of decline in ten years. Greek bond yields increased. Belgian telecom operators declined after the regulator sough lower termination fees.
- Mayank Mehta
- 02 Feb, 2010
- New York City
BP Plc declined after it reported lower than expected continuing operating income. Net investment flows picked up in 2009 and exceeded previous record of
- Mayank Mehta
- 02 Feb, 2010
- New York City
Whirlpool Corp surged after it offered better than expected 2010 outlook. Barnes & Noble soared on a possible buyout from activist investor Ron Burkle. Ann Taylor reported better than expected sales. Comsys IT agreed to be acquired by Manpower.