- Mayank Mehta
- 02 Jun, 2009
- New York City
Barclays Plc declined 12% after Abu Dhabi based investor sold stake in the bank with a profit of more than 50%. JP Morgan Chase fell 3% after it completed $5 billion in offering. Daktronics, the maker of electronic displays declined 13% after revenues declined 5.7%.
- 123jump.com Staff
- 02 Jun, 2009
- New York City
Stocks in Japan continue to edge higher on a rise in commodities prices, optimistic views on the global economy and international trade and a prospect of market share gains after the fall of GM. Sony Financial plunged 14% after it lowered its estimate of net holdings.
- 123jump.com Staff
- 02 Jun, 2009
- New York City
Stocks in India edged higher for the fifth day. Net inflows from foreign investors, rising commodities prices and expanding manufacturing has sustained recent gains. Markets are rallying ahead of the release of government agenda on June 4.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
General Motors filed for protection to restructure operations, wipe-off most of its debt and reduce its labor and operating cost. Stocks surged around the world after China manufacturing expanded for the third month in a row. Copper price reached six-month high and crude oil high for the year.
- Darlington Musarurwa
- 01 Jun, 2009
- New York City
European markets rallied after China reported third monthly manufacturing expansion in a row. The less than expected decline in manufacturing also supported a rise in energy and commodities stocks. Steelmakers, industrials and energy stocks jumped.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
UK stocks traded higher on a rise in copper, gold and crude oil prices. A global rally sparked by the third monthly increase in manufacturing in China. Copper reached $5,000 a ton, six-month high. UK home prices stabilized in May.
- Darlington Musarurwa
- 01 Jun, 2009
- New York City
Stocks in Mumbai gained for the fourth day in a row as rupee gained, trade deficit declined in April and foreign investors poured record investment in Indian stocks. April trade deficit declined 42% to $5 billion. Foreign investors poured $4.3 billion in Indian stocks in May.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
Stocks in Shanghai and Hong Kong surged after China reported third successive monthly expansion in manufacturing. The gain set-off a strong rally that expanded to Asian markets and supported indexes in Europe and the U.S.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
Retailers surged in New York trading after market indexes traded higher 2.5% or more. Stocks linked to Russia, China, Brazil and India surged as markets in Asia and emerging economies surged. Energy and commodities stocks gained as well.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
The design software maker quarterly revenue dipped 29% to $426 million. Net loss was $32.1 million in the quarter. The company lost 14 cents a share versus earnings of 41 cents a share a year-ago quarter. The company estimates revenue between $395 million and $420 million for the second quarter.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
Stronger than expected home sales and better than expected retail sales, lifted the Australian benchmark index. Stocks surged 2% and Aussie gained against the U.S. dollar. Crude oil, gold, copper and silver closed higher. The australian dollar closed up at 81.18 U.S. cents.
- 123jump.com Staff
- 31 May, 2009
- New York City
The apparel retailer total sales declined 8% to $3.1 billion on comparable store sales fall of 8% in the quarter. Net quarterly earnings decreased 14% to $215 million. Earnings per share reduced to 31 cents from 34 cents the prior-year quarter. The company opened 11 new stores in the quarter.
- 123jump.com Staff
- 30 May, 2009
- New York City
The farm equipment maker net sales decreased 17% to $6.75 billion in the quarter. Net quarterly income dipped 38% to $472.3 million. Earnings per share slipped to $1.11 from $1.74 a year-ago quarter. Company equipment sales are projected to decline about 26% for the third quarter.
- 123jump.com Staff
- 30 May, 2009
- New York City
Intuit Inc third quarter revenue was $1.4 billion, up 9% year-over-year and net income grew 9.1% to $484.8 million. Earnings per share were $1.47 as against $1.33 for the year ago quarter. Revenue for the year is expected between $3.16 billion to $3.19 billion.
- 123jump.com Staff
- 30 May, 2009
- New York City
U.S. stocks closed up as global economic indicators point to improved economic climate. Industrial production in Japan, mild inflation in Europe and faster economic expansion in India and the improving confidence in the U.S. lifted stocks and commodities. Crude oil surpassed $66 and gold $980.