- Mukesh Buch
- 29 Jun, 2009
- New York City
Global markets closed higher as the rising commodities prices lifted resource stocks. Crude oil traded above $71 a barrel and copper rebounded. Disgraced former chairman of Nasdaq Bernard Madoff was sentenced to 150 years in jail. The U.S. has been at the center of largest crimes against investors.
- 123jump.com Staff
- 29 Jun, 2009
- New York City
European stocks closed higher as confidence increased on optimistic outlook for the regional economy. Celesio acquired controlling stake in the largest Brazilian drug wholesaler. Lafarge and other cement makers increased after a German court lowered the antitrust fine.
- 123jump.com Staff
- 29 Jun, 2009
- New York City
UK stocks closed higher in weak trading. Gross mortgages issued in May matched the lows last seen in 2000 at
- Mayank Mehta
- 29 Jun, 2009
- New York City
SLM Corp led gainers in the S&P 500 index with a rise of 6.2%. Alcoa Inc continues penetration in oil and gas market. Biogen Idec Inc reports tent case of brain infection. Oil companies traded higher as crude oil price climbed.
- 123jump.com Staff
- 29 Jun, 2009
- New York City
The Bank for International Settlements that holds reserves of its central bank members highlighted risks of inflation as banks may be slow in withdrawing stimulus to the economies around the world.
- 123jump.com Staff
- 29 Jun, 2009
- New York City
Teppco agreed to be acquired by Enterprise Products Partners to create one of the largest energy in the mid-stream segment of the market. The revised offer values each unit of Teppco at $31.36. The deal creates one of the largest and healthy partnerships to transport crude oil and natural gas.
- Darlington Musarurwa
- 29 Jun, 2009
- New York City
Tokyo benchmark index fell 1% Daiwa Securities planned to raise $2.4 billion and Mizuho Financial Group plans to raise $6.2 billion. The industrial production index in May increased 5.9% in Japan. Shipping lines, brokerages and real estate companies led the decliners.
- Mayank Mehta
- 29 Jun, 2009
- New York City
Mumbai stocks traded sideways. Tata Motors dropped after it reported annual net loss. Suzlon net declined 10% and plans to raise $1 billion. Mahindra Holidays & Resorts IPO was oversubscribed ten times.
- 123jump.com Staff
- 28 Jun, 2009
- New York City
The software maker sales decreased 5% to $6.86 billion in the quarter. Net quarterly income declined 7% to $1.89 billion impacted by a stronger dollar and lower sales. Earnings per share dipped marginally to 38 cents from 39 cents a year-ago quarter.
- 123jump.com Staff
- 27 Jun, 2009
- New York City
The BlackBerry maker first quarter revenue jumped 53% to $3.42 billion helped by strong sales of smartphones. Net income rose 33% to $643 million. Earnings per share were $1.12 as compared to $0.84 a year ago.
- Darlington Musarurwa
- 26 Jun, 2009
- New York City
German inflation hovered near zero in June and French consumer confidence increased but still remained lower. First quarter French GDP decreased 1.2%. Sanofi-Aventis dropped 8.1% after European study group of diabetes suggested more research to investigate linkage between Lantus insulin and cancer.
- Mukesh Buch
- 26 Jun, 2009
- New York City
The U.S. dollar declined after China called for a world currency that is not tied to any country. The bond yields dropped after savings rate surged to 15-year high. Consumer prices in Japan fell sharply in May prompting worries that deflation may be anchoring in the economy.
- Mukesh Buch
- 26 Jun, 2009
- New York City
UK stocks edged lower. The Bank of England report suggested that banks are in better conditions than they were six months ago. Jaguar and Land Rover may face more job losses and plant closures. Berkeley annual net falls 38% and net revenues declined 29%.
- Mayank Mehta
- 26 Jun, 2009
- New York City
KB Home led the decliners in the S&P 500 index with a loss of 4.0%. Accenture Ltd third quarter net down 5.4% on lower revenue. The Finish Line, Inc falls to loss in first quarter. KB Home second quarter net falls.
- 123jump.com Staff
- 26 Jun, 2009
- New York City
The used car retailer net quarterly sales declined 17% to $1.83 billion on comparable store used unit sales fall of 17%. Net earnings dipped 3% to $28.7 million on lower sales and increased costs at its financing arm in the quarter. Earnings per share were 13 cents, flat with a year-ago quarter.