- 123jump.com Staff
- 18 Jun, 2009
- New York City
The Japan Iron and Steel Federation reported another monthly decline in domestic steel production in May. For the year steel production is 45% lower from a year ago. Steelmakers, autos and trading companies declined in Tokyo trading. Kawasaki Kisen led decliners among shippers.
- 123jump.com Staff
- 18 Jun, 2009
- New York City
The benchmark index in India dropped lower on the worries that some of the recent tax reliefs may be withdrawn by the government. Stocks declined as the fourteen week old rally falters, global markets are directionless and uncertainty on the national budget expected in three weeks.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
President Obama unveiled the overhaul financial regulations that failed to impress investors and Wall Street. The plan appears to satisfy lobby groups of various financial products purveyors but fails to tackle the core issues of leverage and high interest rates on consumer products.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
U.S. stocks struggled as the President Obama offered his plan to overhaul financial regulations. Ten healthy banks repaid $70 billion of funds to the U.S. government with interest. S&P lowered ratings on eighteen banks. Fertilizer stocks fall after K+S estimated lower international demand.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
European markets closed lower. Michelin plans to eliminate 2,900 positions in France. K+S lowered its outlook for the production and potash fertilizer prices for the second half. Aeroports de Paris completed Sfr 250 million bond offering.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
UK unemployment edged up to 7.2% in three months to April and increased at a slower pace than expected. J. Sainsbury completed offering of
- Darlington Musarurwa
- 17 Jun, 2009
- New York City
Stocks in Japan edged higher defying the decline in regional markets. Real estate stocks rallied on the expectations that recent tax break will spur housing demand. 20-year government bond auction drew more investors that expected.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
The talent management firm fourth quarter fee revenue fell 43.5% to $107 million and operating loss was $33.9 million compared to income of $20.2 million a year ago. Loss per share was 45 cents as against earnings per share of 36 cents a year ago.
- Mayank Mehta
- 17 Jun, 2009
- New York City
Watson Pharmaceuticals surges 5% after it agreed to pay $1.75 billion for Arrow Group. E*Trade plunges 15% after it proposed to raise $400 million in stock offering and $1 billion in debt. FedEx declined after it offered weaker than expected outlook for the fiscal first quarter.
- Darlington Musarurwa
- 17 Jun, 2009
- New York City
U.S. stocks edge lower after the release of consumer price index data. European markets tracked lower after the release of construction and UK unemployment data. E*Trade propose $1 billion of debt exchange and $400 million stock offering. FedEx estimates lower than expected first quarter earnings.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
Mumbai stocks in volatile trading fell sharply in the last hours of trading. The benchmark index opened lower on a weak trading sentiment in the U.S. and worries that local markets may be stretched. The advance payments of taxes for the first fiscal quarter were nearly unchanged from a year ago.
- Darlington Musarurwa
- 17 Jun, 2009
- New York City
Australian stocks declined on weak U.S. industrial production data and general weakness in Asian markets trading. Australian leading economic index rebounded in April from March and home construction declined 4% in March. Asciano plunged after it increased its plan to raise more capital.
- Mayank Mehta
- 16 Jun, 2009
- New York City
Harman International dropped 11% after it proposed to sell 9 million shares. Bruker Corp filed to offer 70 million shares. Best Buy first quarter revenues declined 12% and net income fell 14.5%. Tyco Electronics surges 8% on revised operating earnings outlook.
- Darlington Musarurwa
- 16 Jun, 2009
- New York City
Stocks in China region declined on the global worries and tired rally. China lowers its holdings of U.S. Treasury bonds and also committed to lend $10 billion to members of Shanghai Cooperation Organization. Commodities linked stocks traded lower.
- 123jump.com Staff
- 16 Jun, 2009
- New York City
The membership warehouse operator net quarterly sales dipped 5% to $15.5 billion on comparable sales fall of 7%. Net quarterly income declined 29% to $209.6 million due to softer sales and a litigation charge. Earnings per share slumped to 48 cents from 67 cents a year-ago quarter.