- Darlington Musarurwa
- 17 Jun, 2009
- New York City
Australian stocks declined on weak U.S. industrial production data and general weakness in Asian markets trading. Australian leading economic index rebounded in April from March and home construction declined 4% in March. Asciano plunged after it increased its plan to raise more capital.
- Mayank Mehta
- 16 Jun, 2009
- New York City
Harman International dropped 11% after it proposed to sell 9 million shares. Bruker Corp filed to offer 70 million shares. Best Buy first quarter revenues declined 12% and net income fell 14.5%. Tyco Electronics surges 8% on revised operating earnings outlook.
- Darlington Musarurwa
- 16 Jun, 2009
- New York City
Stocks in China region declined on the global worries and tired rally. China lowers its holdings of U.S. Treasury bonds and also committed to lend $10 billion to members of Shanghai Cooperation Organization. Commodities linked stocks traded lower.
- 123jump.com Staff
- 16 Jun, 2009
- New York City
The membership warehouse operator net quarterly sales dipped 5% to $15.5 billion on comparable sales fall of 7%. Net quarterly income declined 29% to $209.6 million due to softer sales and a litigation charge. Earnings per share slumped to 48 cents from 67 cents a year-ago quarter.
- Darlington Musarurwa
- 16 Jun, 2009
- New York City
The Bank of Japan left its key lending rate in a unanimous decision unchanged at 0.1%. Weakness in new condo offerings in Tokyo and in mining sector stocks and in the U.S. manufacturing activities dragged markets in Asia and Japan lower.
- 123jump.com Staff
- 15 Jun, 2009
- New York City
The specialty retailer for home products first quarter net revenues decreased 22% to $612 million. The net loss was $18.71 million against net income of $10.45 million. Loss per share was 18 cents as against 10 cents of earnings per share a year ago.
- 123jump.com Staff
- 15 Jun, 2009
- New York City
The downward momentum in global markets dragged New York stocks lower. A rise in dollar, weak commodities and tired rally dragged markets in Asia and New York. The prospect of more bank losses worried investors in Europe. The dollar edged higher against euro and crude oil and gold declined.
- 123jump.com Staff
- 15 Jun, 2009
- New York City
European market indexes closed lower on weak mining, energy and financial stocks. Porsche is in talks with sovereign investment funds in the Middle East to raise as much as 2.5 billion euros. Steelmakers in Germany and Amsterdam trading lead the decliners in Europe.
- 123jump.com Staff
- 13 Jun, 2009
- New York City
The personal computer maker quarterly sales decreased 23% to $12.3 billion. Net quarterly income plunged 63% to $290 million impacted by a sharp decline in PC sales, as well as restructuring charges. Earnings per share slumped to 15 cents from 38 cents a year-ago quarter.
- 123jump.com Staff
- 12 Jun, 2009
- New York City
European markets are closed mixed as investors focused on the direction of euro and dollar and surmised that the current rally in stocks stretched. Volkswagen declined after the company cited weak global markets. Thomson SA in Paris surged on the hopes of debt restructuring.
- 123jump.com Staff
- 12 Jun, 2009
- New York City
For weeks now investors have focused on the rally in commodities and a growing bearish sentiment against the U.S. Treasuries and the dollar. Dollar gained and commodities prices declined. BlackRock agreed to pay $13.5 billion for investment unit of Barclays.
- Darlington Musarurwa
- 12 Jun, 2009
- New York City
BlackRock agreed to acquire Barclays investment management unit for $13.5 billion. Barclays will record $8.8 billion in capital gains and lift its core capital ratio to 8%. Barclays and other banks will provide $2 billion in financing.
- 123jump.com Staff
- 12 Jun, 2009
- New York City
Stocks in Japan closed higher after investors accumulated financials, retailers and industrial companies. Consumer confidence in May reached to eight-month high. Financial closed higher on earnings revisions from brokers. Nikkei 225 Average is now up 10% for the year.
- Mayank Mehta
- 12 Jun, 2009
- New York City
Ameriprise completed its 36 million shares public offering. Hartford Financial declined after it agreed to receive $3.4 billion in TARP funds and raise $750 million in an offering. BlackRock agreed to acquire Barclays investment management unit for $13 billion. E*Trade surged.
- 123jump.com Staff
- 12 Jun, 2009
- New York City
In India, industrial production rose in April on a rise in manufacturing and electricity output. Yield on 10-year bond increased to 6.94% and State Bank of India estimated 4% of loan portfolio in restructuring.