- 123jump.com Staff
- 24 Feb, 2009
- New York City
UK stock edged lower after mortgage lending hovered at half the level a year ago, home builders are expected to take another write-off in land values and insurance stocks are the latest target of short sellers. The net mortgage lending rose in January but dropped 43% form a year ago.
- 123jump.com Staff
- 24 Feb, 2009
- New York City
Japan stocks fell 1.5% as investors were unsettled by news that Nomura Holdings will issue shares at a premium in order to boost its balance sheet. However, losses were trimmed by a falling yen, which slumped the most in three months against the dollar to 95.85 yen from 94.61 yen yesterday.
- 123jump.com Staff
- 24 Feb, 2009
- New York City
Ahead of the budget speech in Hong Kong, the benchmark index of stocks declined 2.9%. Consumer price index in January rose at 3.1% compared to a year ago. HSBC, China Life and Manulife declined on the weakness in financial stocks.
- 123jump.com Staff
- 24 Feb, 2009
- New York City
European markets close lower as earnings worries and weak banks drag investors sentiment lower. Business confidence in Germany falls to 25-year low. Markets in Asia close sharply lower as investors see no sign of the end of the current financial crisis. Nomura plans to raise $3 billion.
- Darlington Musarurwa
- 24 Feb, 2009
- New York City
Australian stocks fell. Suncorp reported today that its net profit after tax in the six months ended December 31 dropped 33% to A$258 million. The company also replaced its chief executive. Aristrocrat Leisure, the second largest slot machine maker reported second half net dropped 75%.
- 123jump.com Staff
- 24 Feb, 2009
- New York City
The military contractor net sales rose 3% to $11.1 billion. Quarterly net earnings increased 3% to $823 million. Earnings per share rose to $2.05 from $1.89 last year. The company generated a record $4.4 billion in cash from operations in fiscal 2008.
- 123jump.com Staff
- 24 Feb, 2009
- New York City
The snacks and beverage manufacturer quarterly revenue increased 3% to $12.73 billion. Net earnings dipped 43% to $719 million in the quarter. Earnings per share declined to 46 cents from 77 cents a year ago quarter. The company plans to generate savings of $350 to $400 million in fiscal 2009.
- 123jump.com Staff
- 24 Feb, 2009
- New York City
U.S. stocks fell sharply despite a surge in banks. The ongoing discussion between Citigroup and the U.S. Treasury only highlights the fragile nature of the U.S. banking system. The Treasury action, though welcome is not likely to solve the problem of distressed loans.
- 123jump.com Staff
- 23 Feb, 2009
- New York City
Security software maker quarterly revenues increased 19% to $424 million and net income surged 273% to $45 million in the quarter. Earnings per share rose to 29 cents from 7 cents a year ago quarter. The company estimates earnings between 20 cents and 24 cents a share in the first quarter of 2009.
- 123jump.com Staff
- 23 Feb, 2009
- New York City
XL fourth quarter net loss increased 17.2% to $1.43 billion on operating income of $189.5 million. Earnings per share declined to $4.36 from $6.88 in the quarter a year ago. The company took a goodwill charge of $990 million of which $975 million was related to Mid Ocean acquisition.
- 123jump.com Staff
- 23 Feb, 2009
- New York City
European market indexes closed lower despite an attempt by financial stocks to rally failed to lift indexes and sector stocks. Banks and auto led the decliners in Germany and France. Renault debt rating was lowered. France will invest capital to support the merger of two largest savings banks.
- 123jump.com Staff
- 23 Feb, 2009
- New York City
Stocks in UK and in Europe declined as persistent worries related banking sector remain on top of investors list. Northern Rock reports a loss of
- 123jump.com Staff
- 23 Feb, 2009
- New York City
Fifth Third Bancorp led gainers in the S&P 500 index with a rise of 41.5%. Campbell Soup Company second quarter profits fall 15%. Developers Diversified Realty Corporation slips to loss in fourth quarter. Broker views lifted Motorola and Expedia but ArcelorMittal falls.
- 123jump.com Staff
- 23 Feb, 2009
- New York City
Stocks in Hong Kong closed higher on the speculation that the U.S. may increase its stake in the troubled lender Citigroup. The benchmark index in jumped 3.8% and in Shanghai increased 3.4%. Macao gambling revenues in January declined 5.3%. Gold in the region traded above $1,000 price.
- 123jump.com Staff
- 23 Feb, 2009
- New York City
Stocks in Tokyo declined on active trading after SFCG filed for bankruptcy, the largest bankruptcy by a publicly traded company in seven years. In Tokyo trading Nikkei 225 index fell 0.5%. The convenience store sales increased 7% in January on rising sales of tobacco.