- 123jump.com Staff
- 03 Mar, 2009
- New York City
U.K. construction activity falls in February. Northern Rock residential mortgages portfolio declines 27% to
- 123jump.com Staff
- 03 Mar, 2009
- New York City
Stock prices declined after foreign investors sold stocks and repatriated capital to home market. The benchmark index declined more than 2% for the second day in a row. The foreign fund outflow is expected to rise as emerging markets remain depressed.
- 123jump.com Staff
- 03 Mar, 2009
- New York City
Hong Kong property sales fall 12.4% to February. HSBC fell 18.8% or $17 billion in market capitalization after it reported a sharp drop in earnings and offered to raise nearly $18 billion at 51% discount from the stock price.
- 123jump.com Staff
- 03 Mar, 2009
- New York City
Japan stock indexes fell after automaker Toyota Motor Corp. asked for an emergency bailout package from the Japan Bank for International Cooperation as slowing global demand continue to affect production and squeeze margins. Toyota to ask for $2 billion loan.
- 123jump.com Staff
- 03 Mar, 2009
- New York City
Australia keeps interest rates unchanged at 3.25%. Australia retail sales increase 0.2% to A$19.2 billion in January. Current account deficit falls 32% to A$6.5 billion in December quarter.
- 123jump.com Staff
- 02 Mar, 2009
- New York City
The home improvement retailer quarterly sales dipped 3.8% to $10 billion on comparable store sales fall of 9.9%. Net earnings plummeted 60% to $162 million in the quarter and earnings per share declined to 11 cents from 28 cents a year-ago quarter. The company opened 33 stores during the quarter.
- 123jump.com Staff
- 02 Mar, 2009
- New York City
The food distributor quarterly net sales rose 2% to $847.6 million. Net income increased 50% to $13.6 million in the quarter. Earnings per share rose to 32 cents from 21 cents a year ago quarter. The company estimates earnings per share between $1.28 and $1.36 in fiscal 2009.
- 123jump.com Staff
- 02 Mar, 2009
- New York City
World markets dropped as earnings worries, deepening economic crisis and as some of the largest banks and industrial companies fell sharply in New York. Markets in U.S., UK, Switzerland, Brazil and Argentina dropped more than 4%.
- 123jump.com Staff
- 02 Mar, 2009
- New York City
American Capital Ltd led the decliners in the S&P 500 index with a loss of 16.2%. American International Group, Inc posts $61.7 billion in fourth quarter loss. Atlas America, Inc posts loss in fourth quarter. Clear Channel Outdoor Holdings, Inc reports $3 billion loss in fourth quarter.
- 123jump.com Staff
- 02 Mar, 2009
- New York City
London market averages fell 5% after HSBC announced the largest rights issue of
- 123jump.com Staff
- 02 Mar, 2009
- New York City
Exports from India decline 15.9% to $12.38 billion in January and trade deficit in the month persisted at elevated level in the month. For the ten months deficit surged 50% despite a fall in oil prices. Sensex Index dropped 3.2%. National elections are announced to begin on April 16.
- 123jump.com Staff
- 02 Mar, 2009
- New York City
Australian wages and salaries increase 0.2% in the December quarter and new home sales advance 8% in January. Australian manufacturing index drops in February. Stocks in Australia fell on a weakness in metal prices and worries that industrial activities will slowdown in the rest of the year.
- 123jump.com Staff
- 02 Mar, 2009
- New York City
Japan stock indexes dropped after wages dropped in January on worsening conditions on the global financial markets. Domestic sales of new cars excluding mini-vehicles fell 32.4% to 218,212 units in February as sales from Toyota and Honda plunged 32% and 21% respectively.
- 123jump.com Staff
- 02 Mar, 2009
- New York City
Stocks in Hong Kong fell sharply after HSBC reported a larger than expected loss and proposed to raise 12.5 billion pounds at 51% discount to the latest closing price.
- 123jump.com Staff
- 27 Feb, 2009
- New York City
U.S. stocks closed lower after a sharp revision in the fourth quarter estimate of GDP shrink to 6.2%. General Electric cut 68% its dividend and save $9 billion. Citigroup agreed to let the U.S. increase its stake in the bank to 36% after it converted $25 billion in preferred stock to common stock.