- 123jump.com Staff
- 08 Aug, 2009
- New York City
Drug wholesaler McKesson first quarter revenues were flat at $26.7 billion. Net income in the quarter grew 23% to $288 million helped by strong cost controls, while earnings per share of $1.06 were up 28%, from $0.83 a year ago.
- Mukesh Buch
- 07 Aug, 2009
- New York City
Less than expected decline in payrolls in July bolstered investor sentiment and lifted market indexes in Americas and Europe. AIG surged after it returned to quarterly profit. CBS, D R Horton and American Express advanced on recommendations. RBS in UK record rising bad debts.
- 123jump.com Staff
- 07 Aug, 2009
- New York City
European stocks edged higher. German exports in June increased 7% and trade surplus increased to
- Mayank Mehta
- 07 Aug, 2009
- New York City
UK producer price index in July increased 0.3% from June but declined 1.3% from a year ago. Royal Bank of Scotland said that results will not improve till 2011 and bad debt provision increased
- Mayank Mehta
- 07 Aug, 2009
- New York City
CBS Corporation led gainers in the S&P 500 index with a rise of 22.9%. AIG quarter returns to net profit. Chiquita Brands and Crocs Inc results beat estimates. Blue Nile quarterly sales declined 5.2% and net dropped 12.5%. California Pizza Kitchen revenues decreased 3.2% and net income dropped 7%.
- 123jump.com Staff
- 07 Aug, 2009
- New York City
Elipda Memory surged in Tokyo trading on the expectations of government funding. Konica Minolta net plunged 98% in the first quarter. Bridgestone revised its quarterly ordinary income higher. Japan Airlines revenues plunged 32%.
- 123jump.com Staff
- 07 Aug, 2009
- New York City
Indian government carried out its $2.5 billion bond auction and plans to raise $60 billion in the next four weeks ahead of corporate borrowing season. Five-year and ten-year bonds dropped as yields hovered at 6.82% and 7% respectively. The bank employees commenced two-day strike.
- 123jump.com Staff
- 06 Aug, 2009
- New York City
U.S. stocks edged lower as investors digested rising unemployment and weak same store sales. Fannie Mae is seeking additional $10.7 billion from the U.S. Treasury and indicated that it many need more assistance in the future.
- Trupti Mehta
- 06 Aug, 2009
- New York City
The European Central Bank left its reference lending rate at 1% and did not expand its bond purchase program. German factory orders increased 4.5% in June, fourth monthly gain on growing export orders. Veolia Environnment SA dropped 8% after it reported net income declined more than 45%.
- 123jump.com Staff
- 06 Aug, 2009
- New York City
The electronic payment network reported quarterly revenue rose 2% to $1.65 billion. Net quarterly income soared 73% to $729 million as recent cost-cutting helped offset declining payment processing volume. Earnings per share surged to 97 cents from 51 cents a year-ago quarter.
- Mayank Mehta
- 06 Aug, 2009
- New York City
The Bank of England expanded its bond purchase program by
- Mayank Mehta
- 06 Aug, 2009
- New York City
MetroPCS Communications, Inc led the decliners in the S&P 500 index with a loss of 27.5%. AmeriCredit posts fourth quarter profit. Eagle Bulk Shipping Inc second quarter earnings fall.
- 123jump.com Staff
- 06 Aug, 2009
- New York City
The index of leading indicators in Japan surged in June on rising consumer confidence and investor sentiment. Nikon plunged 10% after it offered weak outlook. Rising metals prices lifted resource stocks. Kirin revises its annual revenues and earnings outlook.
- 123jump.com Staff
- 06 Aug, 2009
- New York City
Rising mega IPO issues may soak liquidity from Indian market. NHPC Ltd, the largest hydroelectric company announced a plan to raise 6,000 crore rupees. The state controlled NMDC is preparing to sell 5% stake in the mining company.
- Mukesh Buch
- 05 Aug, 2009
- New York City
With the worldwide market strength the initial public offerings are slowly making a comeback in the U.S., Brazil, China and India. China based offering drew bids more than 100 times offer size. Earnings dominated trading sentiment in New York.