- Mayank Mehta
- 26 Aug, 2009
- New York City
European markets edged lower on a weakness in miners and commercial banks. Natixis surged on the expectations of profit in the third quarter. Continental AG said it repaid
- Mayank Mehta
- 26 Aug, 2009
- New York City
UK stocks declined after the flood of weak earnings. The benchmark index edged lower after surging to new highs in three of the last six days of trading. Antofagasta declined after first half earnings fell. Tullow Oil, Premier Oil and Cairn Energy fell on the weak sentiment in the resource stocks.
- Mayank Mehta
- 26 Aug, 2009
- New York City
Torchmark Corporation led the decliners in the S&P 500 index with a loss of 3.8%. Brown Shoe Company reported second quarter net loss. Dollar Tree comparable same store sales increased 6.8%. Bridgepoint Education files for secondary offering.
- 123jump.com Staff
- 26 Aug, 2009
- New York City
Intuit fourth quarter revenue declined marginally to $475.77 million as revenues remained flat but costs and expenses rose. Net loss for the quarter rose 14.2% to $70.7 million. Losses per share were 22 cents against 19 cents in the year ago quarter.
- 123jump.com Staff
- 26 Aug, 2009
- New York City
The farm equipment maker net quarterly sales and revenues dropped 24% to $5.9 billion. Net quarterly profit declined 27% to $420 million hurt by lower shipment, production volumes and the unfavorable effects of foreign exchange. Earnings per share slipped to 99 cents from $1.32 a year-ago quarter.
- 123jump.com Staff
- 25 Aug, 2009
- New York City
Stocks in Tokyo declined after surging more than 3% in the previous session. In weak trading resource stocks, exporters and trading companies and automakers closed lower. Sony released electronic book reader with access to one million titles.
- 123jump.com Staff
- 25 Aug, 2009
- New York City
Australian stocks declined after surging on Monday. Suncorp-Metway and Foster
- Mukesh Buch
- 25 Aug, 2009
- New York City
U.S. market indexes closed to a new high after reports on consumer confidence and home price. Crude oil and natural gas prices decreased. Stocks in China decreased after comments from Chinese Premier. European markets edged higher on telecom and industrial stocks.
- Mayank Mehta
- 25 Aug, 2009
- New York City
European markets edged higher for the sixth day in a row and major indexes are trading at high for the year for the last eleven months. German and French market indexes advanced for the fourth day in a row. Calyon, a unit of Credit Agricole SA is seeking $1.7 billion in damages from IKB Deutsche.
- Mayank Mehta
- 25 Aug, 2009
- New York City
UK stocks advanced for the sixth day in a row to a new high for the year. Mortgage approvals surged to a high since February 2008. Punch Tavern soared 22% after it reiterated earnings outlook for the year. Admiral Group first-half net dropped 5%. Persimmon net drops 63%. Regus surges 14%.
- Mayank Mehta
- 25 Aug, 2009
- New York City
Big Lots led gainers in the S&P 500 index with a rise of 9%. Bank of Montreal declares dividend. Chico
- 123jump.com Staff
- 25 Aug, 2009
- New York City
U.S. stocks edged higher after home price index fell less than expected and consumer confidence surged in August. Fed Chairman Bernanke won the White House appointment for the second term that will need an approval from lawmakers. Ivanhoe Mines surged after Mongolia voted to expire windfall tax.
- Mayank Mehta
- 25 Aug, 2009
- New York City
Stocks in Mumbai edged higher after the higher rainfall forecast. Investors are estimating that poor monsoon season is expected to have less than expected impact on earnings. Department of Posts is likely to spend $1 billion to modernize its operations. L&T receives infrastructure orders.
- 123jump.com Staff
- 24 Aug, 2009
- New York City
The home improvement retailer sales for the second quarter were $19.1 billion, down 9.1% from last year with average ticket falling 9.3% to $52.25. Net income fell marginally to $1.1 billion and earnings per share were 66 cents compared to 71 cents in the year ago quarter.
- 123jump.com Staff
- 24 Aug, 2009
- New York City
Tokyo stocks are expected to trade sideways after a sharp rally in stocks in resource linked stocks and exporters. More banks in Japan plan to raise capital. Sumitomo Mitsui Financial propose to raise $3.5 billion and Mizuho Financial prepares to raise nearly $750 million in preferred stocks.