- 123jump.com Staff
- 29 May, 2009
- New York City
In European trading stocks edged higher after industrial production in Japan increased. Germany reported zero inflation in May and retail sales decreased in April. The dollar declined against the euro. GM and Magna appear to be in a preliminary agreement for the sale of Opel division.
- Trupti Mehta
- 29 May, 2009
- New York City
The familiar sectors were active in stock trading in London. Miners led the gainers after precious metal prices surged. Gold jumped above $975 an ounce and crude oil hovered near $65 a barrel. Home prices in a latest survey showed an increase of 1.2% in May.
- 123jump.com Staff
- 29 May, 2009
- New York City
Industrial production in April surged and is expected to rise in May at a faster pace. The rebound in exports of electronics and automobiles helped manufacturing to recover. The consumer price index in the month fell and unemployment surged to a five-year high. Shipper gained and retailers fell.
- Mayank Mehta
- 29 May, 2009
- New York City
Cintas Corporation led the decliners in the S&P 500 index with a loss of 5.7%. Dell first quarter profit tumbles 63% on 24% decline in sales. Jamba, Inc reports wider losses for the first quarter. Tiffany & Co first quarter sales declined 22% and net plunged 62%.
- 123jump.com Staff
- 29 May, 2009
- New York City
First quarter GDP estimate was revised to a decrease of 5.7% from an earlier estimate of 6.3% a month ago. The revision in GDP reflects higher than expected decrease in imports and smaller than expected decrease in inventories.
- Mukesh Buch
- 29 May, 2009
- New York City
In Mumbai the benchmark index closed up 2.3% after the release of fourth quarter economic data. Real estate developers, banks and oil and energy companies traded higher. The benchmark indexes have rebounded 52% from their lows ten weeks ago.
- 123jump.com Staff
- 29 May, 2009
- New York City
The GDP expanded at 5.8% in the fourth quarter in India and for the fiscal year ending in March at 6.7%. The annual growth rate was the slowest in the last six years after hitting the peak of 9.6% two years ago. The government spending in rural areas ahead of election surged 12.5% in the quarter.
- 123jump.com Staff
- 29 May, 2009
- New York City
The video game and entertainment software retailer sales increased 9.2% to $1.98 billion despite comparable store sales decline of 1.5% in the quarter. Net quarterly earnings increased 13.4% to $70.4 million. Earnings per share rose to 42 cents from 37 cents in the prior-year quarter.
- 123jump.com Staff
- 28 May, 2009
- New York City
U.S. stocks rebounded after the U.S. bonds recovered and yields dropped. Housing market remained weak as more home owners fall behind on their mortgages. Crude oil surged after inventories declined. GM bankruptcy is imminent.
- 123jump.com Staff
- 28 May, 2009
- New York City
Weak earnings from asset management companies and retail sales impacted the UK averages. Speedy Hire to raise
- Mayank Mehta
- 28 May, 2009
- New York City
General Motors Corporation led gainers in the S&P 500 index with a rise of 13.9% before settling to 1% gain. Coldwater Creek Inc first quarter reports narrower than expected loss. dELiA, Inc first quarter loss narrows. Star Bulk Carriers Corp first quarter profit rises.
- 123jump.com Staff
- 28 May, 2009
- New York City
The teen-focused retailer net quarterly sales declined 16% to $223.5 million on same-store sales fall of 18%. Net quarterly loss narrowed 27.5% to $8.7 million helped by a decline in expenses. The company lost 13 cents a share compared to a loss of 17 cents a share a year-ago quarter.
- Sarla Buch
- 28 May, 2009
- New York City
U.S. stocks edged lower after mortgage delinquencies rise to a record high. Crude oil and natural gas prices surged after the release of weekly inventories data. Initial jobless claims in last week declined 13,000. Durable goods orders increased in April.
- Darlington Musarurwa
- 28 May, 2009
- New York City
Global markets weakness dragged Australian stocks lower. The strength in oil and firm metal prices also supported the Aussie. Babcock & Brown Japan Property Trust surged after it sold one of its properties in Tokyo. Monadelphous Group was awarded A$170 million contract from Woodside Petroleum.
- Darlington Musarurwa
- 28 May, 2009
- New York City
Japan Tobacco finalized its terms of five year bonds sales that are rated AA. Sumitomo Mitsui Financial plans to raise as much as $8.6 billion after it made a disastrous investment in Barclays. April retail sales decline in Japan marked the eighth monthly fall in a row.