- 123jump.com Staff
- 13 Aug, 2009
- New York City
The deal between Porsche and Volkswagen will end the merger story that involved two rival founding families and regional governments and several banks in the last four years.
- Mukesh Buch
- 13 Aug, 2009
- New York City
Stocks in New York trading edged higher after Wal-Mart earnings exceeded market expectations. July retail sales declined. Weekly jobless claims edged up 4,000. Euro area showed signs of rebound. Volkswagen and Porsche ink deal to merge.
- Mayank Mehta
- 13 Aug, 2009
- New York City
Euro area economic decline slowed sharply in the second quarter and the economies of Germany, France and Greece expanding. Volkswagen will acquire 42% stake in Porsche. Aegon posts
- Mayank Mehta
- 13 Aug, 2009
- New York City
Stocks in UK and Europe gained after economies expanded in the second quarter in France and Germany and the pace of contraction across euro zone declined. The pound strengthened against major currencies. Prudential Plc first half loss narrowed and raised dividend.
- Mayank Mehta
- 13 Aug, 2009
- New York City
AutoZone, Inc led the decliners in the S&P 500 index with a loss of 4.2%. Advance Auto Parts second quarter sales and net increased 7%. LDK Solar Co in the second quarter lost $217 million. Wal-Mart edges higher after sales and net edge lower.
- Mayank Mehta
- 13 Aug, 2009
- New York City
Stocks in India surged after the government proposed to lower individual and corporate taxes to the lowest on record. The simplified and lowered tax regime with vigorous enforcement is expected to widen the taxpayer base from the current 2.5% of population.
- 123jump.com Staff
- 13 Aug, 2009
- New York City
The leather goods maker sales dipped 1% to $778 million in the quarter. Net quarterly income decreased 32% to $145.8 million. Earnings per share declined to 45 cents from 62 cents a year-ago quarter. Direct-to-consumer sales rose 3% to $683 million during the quarter.
- 123jump.com Staff
- 12 Aug, 2009
- New York City
Stocks in Japan edged lower on weak commodities prices and stronger yen. In broader trading stocks declined after a rally that lifted the benchmark index more than 40% in ten weeks.
- Mukesh Buch
- 12 Aug, 2009
- New York City
U.S. stocks rebounded after Fed left rates unchanged. Home builders and financials closed higher. U.S. trade deficit grows 4%. The Bank of England is prepared to pump liquidity until inflation rebounds to its target rate of 2%. Japan Price indexes of corporate goods, imports and exports fell.
- 123jump.com Staff
- 12 Aug, 2009
- New York City
European markets edged higher after consumer prices in France fell and output in 16-nations euro area decreased 0.6% in June. Thomson credit default swaps will be settled after the vote in favor of the settlement. E.ON increased on better than expected adjusted earnings. Nestle drops on earning.
- Mayank Mehta
- 12 Aug, 2009
- New York City
The Bank of England in its inflation report indicated that the central bank will continue to pump more liquidity into the financial system as inflation is below its target level of 2%. Jobless claims increased 24,900 in July. TUI Travel drops on pandemic flu worries and Balfour Beatty surges.
- Mayank Mehta
- 12 Aug, 2009
- New York City
The Bank of England plans to add liquidity to the financial system as the pace of money supply growth falters and inflation is likely 2% target. The BoE estimated that pace of economic recovery to be highly uncertain and households, banks and public sector need to adjust their balance sheet.
- Mayank Mehta
- 12 Aug, 2009
- New York City
Home builders surged after Toll Brothers net new home orders increased in the third quarter. Applied Materials quarterly loss was better than expected. Sara Lee plunged more than 8% after it reported quarterly loss. E-House China surged 20% after quarterly net soared 65%.
- Mayank Mehta
- 12 Aug, 2009
- New York City
U.S. stocks advance ahead of Fed statement on interest rate later this afternoon. Toll Brothers surged after it retired debt and backlog fell 47%. Starwood Property lifted its offer size for initial public offering. JA Solar declined after it reported quarterly loss.
- Mayank Mehta
- 12 Aug, 2009
- New York City
Output at factories, mines and electric utilities surged 7.8% in June. Swine flu worries forces Mumbai to close schools and malls. Generic drug makers surged for the second day in a row. Tata Steel rolls back recent price increase in select steel categories.