- 123jump.com Staff
- 02 Sep, 2009
- New York City
European markets closed lower as investors worry that more capital may be needed by the insurance companies to meet the EU requirements. Germany rejected revised bid from RHJ International for Opel. BMW and Daimler report a sharp fall in August sales in the U.S.
- 123jump.com Staff
- 02 Sep, 2009
- New York City
UK stocks market closed lower as market valuations are near six-year high. Insurance companies fell sharply on the worries that the EU may require them to raise as much as
- 123jump.com Staff
- 02 Sep, 2009
- New York City
Gold miners surged after a rise in precious metals prices. Gold added $21.50 or 2.3% and silver increased 2.2% to $15.39. DHT Maritime after it reported lower than expected earnings. Las Vegas Sands completed $600 million bond offering in advance of its public offering in Hong Kong.
- 123jump.com Staff
- 02 Sep, 2009
- New York City
BP Plc, the second largest energy company in Europe and the largest oil explorer in the Gulf of Mexico claims to discover one of the largest energy field in the region.
- 123jump.com Staff
- 02 Sep, 2009
- New York City
U.S. stocks gained in the morning despite the private jobs report showed 298,000 jobs were lost in August. U.S. productivity increased 6.6% in the second quarter, the sharpest gain in nearly six years.
- 123jump.com Staff
- 02 Sep, 2009
- New York City
The teen apparel retailer net quarterly sales increased 20% to $453 million on same-store sales rise of 12%. Net quarterly income surged 83% to $38.6 million boosted by higher same store sales growth. Earnings per share rose to 57 cents from 31 cents a year-ago quarter.
- Darlington Musarurwa
- 01 Sep, 2009
- New York City
Stocks in Japan edged higher after the release of auto sales and expectations of higher sales at chipmakers. Seven & I Holdings lowered its annual earnings estimate by 11.4%. Toyota reported first monthly sales increase in 13 months as August sales increase 2.3%.
- Mayank Mehta
- 01 Sep, 2009
- New York City
In Mumbai trading stocks fell tracking losses in rupee and selloff from international markets. NHPC on its first day of trading surged as much as 16%. Reliance Communications prepaid nearly $1 billion in debt to lower interest costs. Auto and motorcycle sales in August surged. Exports drop in July.
- Mukesh Buch
- 01 Sep, 2009
- New York City
Financials led the decliners in the U.S. trading as broader indexes closed lower 2%. World markets have been in a retreat for two days and today markets in Europe and Americas declined on valuation worries and impending losses in financial system. AIG plunged 21% and Wells Fargo, Citigroup declined.
- Darlington Musarurwa
- 01 Sep, 2009
- New York City
Reserve Bank of Australia left its key lending rate unchanged at 3% and the bank cited the global economic stimulus and rising commodities prices. Manufacturing expanded in August and new dwelling constructions approvals increased in July.
- Mayank Mehta
- 01 Sep, 2009
- New York City
Areva SA first half net plunges 79%. Vivendi first half revenues rose 17%. French new cars registration increased 7% in August on
- Mayank Mehta
- 01 Sep, 2009
- New York City
UK stocks turned lower in the late afternoon on the weak sentiment in the U.S. trading. Lower metals and oil prices also contributed to the declines. RSA Insurance Group is looking to raise $1 billion. AstraZeneca reported better results during trials using Brilinta to treat heart attacks.
- 123jump.com Staff
- 01 Sep, 2009
- New York City
American International Group led the decliners in the S&P 500 index with a loss of 8.8%. Benihana Inc first quarter net plunges. China Medical Technologies first quarter net fell 96%. SINA Corp second quarter net income falls. Rambus declined after California Court delayed the anti-trust case trial.
- 123jump.com Staff
- 01 Sep, 2009
- New York City
eBay after struggling for four years to realize synergies between the action market operations and communication company Skype agreed to sell a majority stake. The consortium of investors agreed to pay $2 billion for 65% stake in Skype. Earlier eBay had planned to spinoff Skype in a public offering.
- 123jump.com Staff
- 01 Sep, 2009
- New York City
Australia after months of violence against Indian students stepped up its diplomatic offensive. Deputy Prime Minister Julia Gillard on a five-day visit to India stressed that Australia is safe and welcoming place failed to cite concrete evidence of her government