- 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.
- 123jump.com Staff
- 26 Jun, 2009
- New York City
Consumer prices in Japan fell sharply in April sparking worries that deflation may be anchored in the economy. The fall in exports, weak job markets and weak consumer demands are spurring price declines. Bridgestone revised its outlook for first half loss. Nippon Electric estimated Q1 profit.
- 123jump.com Staff
- 26 Jun, 2009
- New York City
Stocks in India surged as investors expect higher infrastructure spending in the upcoming budget. The latest move by NSE to reduce lot sizes for stock futures also contributed to stock gains. Tata Motors and Tata Steel reported weaker than expected results. Jaguar and Land Rovers sales plunged.
- 123jump.com Staff
- 25 Jun, 2009
- New York City
European industrial orders index declined in April. Lufthansa grounded 25 planes to lower capacity and plans to cut 300 million euros cost. UBS raised 3.5 Swiss francs 3.8 billion through share placement and said company will declare loss in the second quarter.
- 123jump.com Staff
- 25 Jun, 2009
- New York City
Fed Chairman was on a hot seat and had to defend his conduct at the time of Merrill Lynch takeover by the Bank of America. Bernanke denied that he interfered with the merger or forced the outcome. Republican lawmakers appeared not convinced by stock market surged ahead.
- 123jump.com Staff
- 25 Jun, 2009
- New York City
British Airways said that nearly 7,000 employees have shown interest in voluntary work with no pay program. The negotiations with administrative staff and cabin crew are still not final. Pilots have agreed to a small pay cut in exchange of longer work hours and a stake in the company.
- Darlington Musarurwa
- 25 Jun, 2009
- New York City
UK regulator proposes to ban all commissions paid by pension, insurance and fund managers to financial advisors. Standard & Chartered reported better than expected performance in the first five months in the year. Insurance companies fell on a downgrade of Prudential.
- Darlington Musarurwa
- 25 Jun, 2009
- New York City
Stocks in Tokyo trading jumped after the U.S. durable goods orders increased. The OECD forecasted deeper Japanese recession and slower recovery than earlier predicted. Exporters, machinery makers and trading companies led the gainers.
- 123jump.com Staff
- 25 Jun, 2009
- New York City
The logistics services provider total quarterly revenue declined 20% to $7.85 billion. Net quarterly loss widened 263% to $876 million impacted by goodwill-impairment charges and lower shipment volumes. The company lost $2.82 a share compared to a loss of 78 cents a share a year-ago quarter.
- Mayank Mehta
- 25 Jun, 2009
- New York City
Lennar Corp led gainers in the S&P 500 index with a rise of 9.5%. Bed Bath & Beyond earns $87.2 million in fiscal first quarter. ConAgra Foods fourth quarter profit drops 13%. Nike fourth quarter net income falls. Red Hat tops earnings views.
- Mayank Mehta
- 25 Jun, 2009
- New York City
Investors in India turned cautious on the worries of adequate monsoon rainfall and growing fiscal deficit. Makers of motorcycles, automobiles and consumer products fell. Tata Motors and Tata Steel fell ahead of earnings.
- Darlington Musarurwa
- 24 Jun, 2009
- New York City
The Fed left its key rate unchanged as expected. The central bank also said that low rates may be in place for extended period of time and indicated that economy remains fragile and the sustained recovery will occur over a longer period.
- Darlington Musarurwa
- 24 Jun, 2009
- New York City
European markets recovered in the afternoon trading. The OECD deepened its estimate of recession in Germany and UK but lifted its outlook among 30 member nations. Steel products distributor surged 5.1% after it indicated 1.6 billion euro capital for acquisition.
- 123jump.com Staff
- 24 Jun, 2009
- New York City
UK stocks surged after a rebound in mining companies. The better than expected U.S. durable goods orders lifted stocks in UK and Europe. The OECD forecasted deeper recession for UK and slower recovery in 2010. Better than expected profits lifted Stagecoach, Imagination Technologies and Inchcape.
- 123jump.com Staff
- 24 Jun, 2009
- New York City
Japanese exports fell 40.9% in May after falling 39.1% in April. The decline in exports to Asia and the U.S. was larger than expected. Investors overlooked the exports weakness and bid up electronics and machinery makers. Retailers fell on the worries that consumer spending is uncertain.