- 123jump.com Staff
- 24 Mar, 2009
- New York City
U.S. stocks closed lower a day after surging more than 7%. Treasury Secretary and Fed chairman asked for additional powers to deal with non-banking institutions that pose systemic risks. Fed offered a buying schedule to purchase $300 billion of Treasuries.
- 123jump.com Staff
- 24 Mar, 2009
- New York City
European markets closed higher for the second day on the optimistic view of the banking solution from the U.S. Treasury. Deutsche Bank and Credit Suisse gained but Societe Generale fell. Metro AG fell after it reported 7.1% rise in earnings for the year. S&P lowered its view on Lithuania.
- 123jump.com Staff
- 24 Mar, 2009
- New York City
Australian personal insolvencies rise 12.2% in 2008. Iron ore contract prices are expected to fall after BHP lowered prices by 57% the coking coal delivered from next week. Resources stocks traded mixed as worries of falling world prices and high operating cost linger for the industry.
- 123jump.com Staff
- 24 Mar, 2009
- New York City
Steelmakers in Tokyo gained after BHP Billiton agreed for 57% price cut for coking coal supply. Iron ore prices are also expected to fall as much as 50%. Banks and financials surge after the U.S. proposed a plan to purchase toxic assets. Auto Sales in Japan are expected to dip to 32-year low.
- 123jump.com Staff
- 24 Mar, 2009
- New York City
China calls for the establishment of super currency that is not dependent upon one country. The call for the global currency reform comes ahead of meeting of G-20 nations and the worry that China may suffer if inflation accelerates in the U.S.
- 123jump.com Staff
- 24 Mar, 2009
- New York City
Prime Minister Singh suggested that the economy will regain its vigor in the next six months as economic stimulus takes hold. Rupee declined in the trading as crude oil rallies in the recent months and exports remain weak. Reliance gained but IT stocks declined.
- 123jump.com Staff
- 24 Mar, 2009
- New York City
Stocks after four hours of trading were up after trading down for the most part of the day. Carnival Corp rose after it reported better than expected earnings. MGM Mirage fell after its partner in Dubai sough court order to cancel the partnership. Newell Rubbermaid Inc plunged 10% on weaker outlook.
- 123jump.com Staff
- 24 Mar, 2009
- New York City
The business software maker total quarterly revenues rose 2% to $5.5 billion. Net earnings declined 1% to $1.33 billion due to a stronger US dollar. Earnings per share remained flat at 26 cents compared to the year-ago quarter. The company declared its first quarterly dividend of 5 cents a share.
- 123jump.com Staff
- 24 Mar, 2009
- New York City
The uniform maker third quarter revenue decreased 7% to $909 million, and profit declined by 12% due to staff reductions and company closures. Earnings per share were 47 cents versus 53 cents from a year ago quarter.
- 123jump.com Staff
- 24 Mar, 2009
- New York City
U.S. markets trade lower after the best one-day performance this year. Commodities and stocks decline in the early trading. UK inflation accelerates. ArcelorMittal launches 1.1 billion euros convertible debt offering. Asian stocks surged on the back of a rise in New York.
- 123jump.com Staff
- 23 Mar, 2009
- New York City
Banks rally on U.S. Treasury plan to purchase sour toxic debt. Daimler AG, the second largest German auto company raised nearly 2 billion euros from a fund based in Abu Dhabi. The move to raise capital at a price when the stock is down more than 50% only highlights dire cash needs at Daimler.
- 123jump.com Staff
- 23 Mar, 2009
- New York City
The latest rally on Wall Street was sparked by the U.S. Treasury plan to work with private sector and purchase illiquid and hard to value mortgage-linked debts from banks. Markets in New York surged nearly 7% and in Latin America rallied above 5%. Copper gained and crude oil edged higher.
- 123jump.com Staff
- 23 Mar, 2009
- New York City
Stocks in UK surged on the optimism that lifted world markets after the U.S. proposed a plan to acquire toxic debt owned by banks. The FTSE index increased nearly 3% on a sharp rise in banking and mining stocks. Vodafone and Telefonica owned O2 are in discussion to share network infrastructure.
- 123jump.com Staff
- 23 Mar, 2009
- New York City
Citigroup Inc led gainers in the S&P 500 index with a rise of 16.7%. Hastings Entertainment, Inc fourth quarter profit declines. Tiffany & Co fourth quarter sales dropped 20% and profit declined 76%. Walgreen Company surged 8% on quarterly sales increased and net declined 7%.
- 123jump.com Staff
- 23 Mar, 2009
- New York City
Stocks in India surged on a regional rally in Asia. The U.S. Treasury plan to purchase worthless debts lifted markets in India. Trading turnover on both exchanges surged. Tata Motors advanced 3% after it launched its much anticipated small car Nanao. Ranbaxy Labs surged 11% on approvals from UK.