- Mayank Mehta
- 15 Apr, 2009
- New York City
Capital One Financial Corporation led the decliners in the S&P 500 index with a loss of 9.2%. CSX Corporation first quarter profit slides to 62 cents a share. Intel Corporation first quarter sales fall 26%. Peabody Energy first quarter revenue triples but falls short of expectations.
- 123jump.com Staff
- 15 Apr, 2009
- New York City
U.S. stocks edged higher in the morning trading after the latest read on industrial production and consumer price index showed decline. The decline in both indexes was viewed by the market as deferring inflation. Capacity utilization fell to the lowest since data collection began in 1967.
- 123jump.com Staff
- 15 Apr, 2009
- New York City
CarMax fourth quarter sales dropped 28% to $1.47 billion but net income surged 71.9% to $37.52 million helped by lower expenses and an income at CAF. Earnings per share were 17 cents as compared to 10 cents a year ago.
- 123jump.com Staff
- 14 Apr, 2009
- New York City
U.S. economic reports overshadowed the better than expected earnings from Johnson & Johnson and Goldman Sachs. UK pound edged higher after a interbank interest rate in London steadily declined. European banks gained on Goldman Sachs earnings. Intel net drops 55% to 11 cents or $647 million.
- 123jump.com Staff
- 14 Apr, 2009
- New York City
UK stocks dropped as much as 1.1% and pound strengthened on a steady fall in interbank loans. Mining companies rose after copper prices increased. Poland the second nation after Mexico is seeking IMF assistance to support its currency.
- 123jump.com Staff
- 14 Apr, 2009
- New York City
Australian stocks gained as commodities and gold prices edged higher. Australian business lending falls 14.7% to A$25 billion in February but business confidence increase in March. Qantas slashes its earnings estimate for the fiscal year to as low as A$100 million.
- Mayank Mehta
- 14 Apr, 2009
- New York City
Huntington Bancshares Incorporated led gainers in the S&P 500 index with a rise of 16.0%. Bank of the Ozarks first quarter profit surges on higher net interest income. Fastenal Company posts lower first quarter profit and the retailer the Talbots, Inc posts fourth quarter net loss.
- 123jump.com Staff
- 14 Apr, 2009
- New York City
Retail sales in March declined 1.1% and producer prices also edged lower. Weak sales in all retail segments expect grocery sales dragged the sales in the month. February sales were revised to an increase of 0.3% from a decline of 0.1% and January sales were revised higher to 1.9% from 1.8%.
- 123jump.com Staff
- 14 Apr, 2009
- New York City
The payment processing company reported quarterly revenues grew 26% to $392.7 million. Net quarterly loss generated was $106.8 million. The company lost $1.34 a share compared to earnings of 50 cents a year-ago quarter and incurred a non-cash impairment charge of $148 million in the quarter.
- 123jump.com Staff
- 13 Apr, 2009
- New York City
U.S. stocks edged lower ahead of earnings from banks. Goldman Sachs after the close reported better than expected earnings. The Indian GDP in the quarter ending in December grew at 5.3%, a sharp fall from 8.9% from the quarter a year ago.European markets were closed.
- 123jump.com Staff
- 13 Apr, 2009
- New York City
Tech Mahindra won the bidding process for fourth largest software services exporter Satyam. The four months saga of Satyam started after its chairman and founded admitted of inflating cash balance to $1 billion and financial statements for years. Tech Mahindra offered 58 rupees a share.
- 123jump.com Staff
- 13 Apr, 2009
- New York City
Express Script acquires NextRx from WellPoint, Inc for $4.6 billion for cash and stock. The deal expected to close by the end of the year will also benefit from a 10-year deal with WellPoint and tax advantages. The company will add 25 million members for pharmacy plans.
- Mayank Mehta
- 13 Apr, 2009
- New York City
Genworth Financial, Inc led the decliners in the S&P 500 index with a loss of 29.0%. The Boeing Company adjusted its production target for 2010 and earnings outlook for the first quarter. Genworth Financial, Inc plunges on failure to qualify for US Treasury aid.
- 123jump.com Staff
- 13 Apr, 2009
- New York City
The homebuilder first quarter revenue slid 61% to $307.4 million. Net loss fell 78.3% to $58.1 million and earnings per share were loss of 75 cents against a loss of $3.47 a share in the year ago quarter. The company ended the quarter with $1.1 billion in cash.
- 123jump.com Staff
- 13 Apr, 2009
- New York City
U.S. stocks traded lower after rising for weeks. Ahead of bank earnings this week investors appeared cautious. Genworth plunged 24% after it was denied access to Treasury funds. Express Script agreed to acquire pharmacy benefit business from WellPoint for $4.7 billion. Boeing lowered its earnings.