- 123jump.com Staff
- 28 Apr, 2009
- New York City
U.S. stocks edged higher as consumer confidence rises and worries related to adequacy of banks kept stocks in the sector lower. World Health Organization raised its swine flu alert to the highest level since 2005. U.S. Steel dropped. China based Baidu earnings rose 23%.
- 123jump.com Staff
- 28 Apr, 2009
- New York City
The Sensex index in India fell sharply after gaining for six weeks in a row. Foreign institutional investors have resumed the stock purchase in India in the last three weeks. Bharti Airtel declined ahead of earnings tomorrow.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
The benchmark Tokyo index closed higher but stocks in broader trading fell. Airlines, tour operators and meat packers declined on the outbreak of swine flu in Mexico. Japan Cabinet Office estimates economy in the current year to shrink 3.3% from the earlier estimate of flat economic growth.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
Mumbai stocks traded volatile as investors digested earnings and faced declining global markets. Rupee edged lower as dollar gained against most currencies around the world. ICICI Bank surged 8% on weak earnings. Reliance resumes its crude oil production after a month long shut down.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
World financial markets retreated on the worries that fragile economies may face additional shocks if the outbreak of swine flu spreads beyond five nations. General Motors launched its $27 billion debt excahnge offer for 10% equity stake in the company. UK pound drops against dollar and yen.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
With the first case of swine flu in Spain, investors were cautious. Airlines and hotels declined but pharmaceutical companies gained in trading. Merck KGaA, the drug and chemical maker in Germany first quarter net income plunged to 56.7 million euros. Sperian Protection in Pairs surged 23%.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
UK stocks fell along with a decline in European markets. British Air led decliners in the FTSE 100 index along with a sell-off in transportation related stocks. Aviva Plc jumped 5% after it completed 200 million pounds offering but will not reveal the terms of the offering.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
General Motors offered 10% equity stake in the company to bond holders in exchange of $27 billion debt. Most bond holders are likely to holdout for a better deal and are likely to seek majority control of the company. The restructuring calls current shareholders diluting to 1%.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
General Motors Corporation led gainers in the S&P 500 index with a rise of 31.9%. Alberto Culver Company second quarter profit meets street. Qualcomm Inc reported second quarter net loss. Whirlpool Corporation first quarter profit drops on weakening demand. Air and cruise liners led decliners.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
The personal computer maker revenue tumbled 16% to $13.4 billion in the quarter. Net quarterly income plunged 48% to $351 million. Earnings per share slumped to 18 cents from 31 cents a year-ago quarter. The company earned revenue of $61.1 billion for fiscal year 2009.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
PepsiCo first quarter sales fell by 1% to $8.26 billion and net profit slipped 1.1% to $1.14 billion. Earnings per share were 71 cents as against 67 cents a year ago. The company plans to takeover Pepsi Bottling Group and PepsiAmericas for $6 billion.
- 123jump.com Staff
- 27 Apr, 2009
- New York City
World markets remained focused on the swine flu outbreak in Mexico and the possible pandemic outbreak. Cases of flu have been reported in the U.S., Canada, Spain and New Zealand. Tour operators and air and cruise transportation companies decline and select drug makers rise. Mexico drops 3.5%.
- 123jump.com Staff
- 26 Apr, 2009
- New York City
The middle-market investment banking firm reported net quarterly revenues from continuing operations declined 12% to $83.9 million. Net loss increased 92% to $2.7 million in the quarter. The company lost 17 cents a share compared to a loss of 9 cents a year-ago quarter.
- 123jump.com Staff
- 26 Apr, 2009
- New York City
IMF, the emergency lender to troubled nations with its reputation in decline backed a plan to raise $500 billion. The fund will issue bonds and raise money from emerging nations after the U.S. and Europe resisted calls from the emerging nations to dilute their voting shares.
- 123jump.com Staff
- 25 Apr, 2009
- New York City
The healthcare company reported quarterly sales declined 7.2% to $15 billion. Net earnings decreased 2.5% to $3.5 billion. Earnings per share remained flat at $1.26, same as a year-ago quarter. The company estimates earnings per share between $4.45 and $4.55 for fiscal 2009.