- Mayank Mehta
- 27 Jul, 2009
- New York City
Mylan Inc led the decliners in the S&P 500 index with a loss of 7.2%. ACCO Brands Corp second quarter profit beats market. Honeywell International lowered its annual revenues outlook. Varian surges after it agreed to be acquired by Agilent Technologies.
- 123jump.com Staff
- 27 Jul, 2009
- New York City
The online retailer revenue rose 14% to $4.65 billion in the quarter. Net quarterly profit declined 10% to $142 million punctuated by a steep decline in its flagship business of selling media products like books, music and DVDs. Earnings per share fell to 32 cents from 37 cents a year-ago quarter.
- 123jump.com Staff
- 27 Jul, 2009
- New York City
Shanghai stocks surged as investors chased stocks. Sichuan Express nearly tripled on its first day of trading in Shanghai. China Everbright soared 11% after it securities unit was approved for listing in Shanghai. Investors chase stocks in Shanghai as banks increase lending.
- Mayank Mehta
- 27 Jul, 2009
- New York City
The benchmark index in Mumbai traded sideways after Reliance Industries profit declined. Tata Motors earnings gained on accounting changes. Banks and cement companies reported better than expected earnings. DLF surged 4% ahead of earnings. MRF Limited soared 17% after its net tripled.
- 123jump.com Staff
- 27 Jul, 2009
- New York City
Stocks in Japan closed higher for the ninth day in a row, the longest stretch of advance in 21 years. Three leading shipping companies lowered earnings outlook for the year on weak container loading and auto shipments. Hitachi affiliates surged on the acquisition plan by the parent.
- 123jump.com Staff
- 24 Jul, 2009
- New York City
The largest mobile handset maker second quarter sales dropped 25% to
- Mukesh Buch
- 24 Jul, 2009
- New York City
U.S. stocks closed mixed after two week rally halted. Weak earnings from Microsoft, Amazon.com and American Express slowed the market momentum. UK second quarter GDP contracted but South Korean economy gained. U.S. consumer confidence fell further in June.
- 123jump.com Staff
- 24 Jul, 2009
- New York City
Stocks in London closed higher for the tenth day in a row despite the economy contracting in the second quarter. The benchmark FTSE 100 index increased for the tenth day in a row, the longest rally in five years. Vodafone sales increased 9.3% on currency and acquisitions.
- Mayank Mehta
- 24 Jul, 2009
- New York City
Chinese search engine company Baidu.com surged 7% after it estimated higher revenues next quarter. Amazon.com, Microsoft and American Express declined after earnings. Broadcom plunged 10% after its net plunged. Sunpower soared on better than expected earning.
- 123jump.com Staff
- 24 Jul, 2009
- New York City
Home builders, energy companies and resource stocks continued their ascent after Chinese regulators did not revised the mortgage rules for second homes. Separately, statistics bureau in Beijing reported that property sales in China increased 53% in June from a year ago.
- 123jump.com Staff
- 24 Jul, 2009
- New York City
Reliance Industries, the most valued company in India, revenues declined 22.6% to $7 billion and net income fell 11.5% to $759 million in the fiscal first quarter ending in June. The price decline in crude oil and sharp fall in refining margins contributed the revenues and earnings shortfall.
- 123jump.com Staff
- 24 Jul, 2009
- New York City
Global rally in stocks lifted Tokyo benchmark index. Fujitsu increased for the second day after offering target for record earnings in fiscal 2011. Panasonic gained 8% on broker recommendation. Shipping companies increased. Japan Tobacco dropped for the second day on the prospect of higher taxes.
- 123jump.com Staff
- 24 Jul, 2009
- New York City
Improved monsoon rains in the last seven days and earnings momentum lifted the benchmark index Sensex higher. Rupee edged higher. Earnings released from 450 companies to date have increased 17.4% in the first fiscal quarter.
- 123jump.com Staff
- 23 Jul, 2009
- New York City
Apple Inc quarterly revenue rose 11.8% to $8.34 billion riding on the best non-holiday quarterly revenue ever. Net profit rose by 15% to $1.23 billion. Earnings per share were $1.35 compared to $1.19 in the year ago quarter.
- Mukesh Buch
- 23 Jul, 2009
- New York City
U.S. stocks surged on lower than expected rise in unemployment claims and third monthly increase in home sales. Earnings momentum drove the market indexes to record territory for the year. Dow closed above 9,000 for the first time since January. Markets in Asia, Europe and South America closed up.