- 123jump.com Staff
- 17 Feb, 2009
- New York City
European indexes fall between 2% and 3% at close on the worries that banks in Eastern European countries are weaker than earlier estimated. The banks in Western Europe may suffer as many banks have significant operations in the region.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
Stocks in India dropped for the second day in a row after interim budget did not provide any corporate tax relief. The volatile foreign investors are likely to withdraw funds from the company as global economic recession widens. India is likely to miss its export target in the current fiscal year.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
The payment solutions firm reported revenues rose 14.2% to $1.22 billion in the quarter and earnings declined 21% to $239.4 million. Earnings per share decreased to $1.84 from $2.26 a year ago quarter. Revenues increased 22.7% to $5.0 billion for fiscal 2008.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
The payment processor quarterly revenues rose 17% to $1.7 billion. Net income increased 35% to $574 million for the quarter. Earnings per share rose to 74 cents from 55 cents a year ago quarter. Total cards carrying customers rose 10% globally to 1.7 billion.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
The benchmark indexes in Hong Kong dropped 3.8% and in Shanghai declined 3.1% after foreign investors withdrew HK$500 million in January. Separately, China reported fiscal revenues in January declined 17.1% on similar decline in tax revenues. Hong Kong exports in December declined 13%.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
European markets closed lower as banking sector woes persist in the region. Raiffeisen International, Swedbank AB, UniCredit SpA and Daimler AG declined in the regional trading. Eastern European economies are expected shrink at a faster pace than the Western Europe as the region relied on debt.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
Wal-Mart fourth quarter earnings dropped 7.4% to $3.79 billion or 96 cents a share compared to $4.01 billion or $1.02 a share. The company increasingly reliant on international sales and sale of groceries at domestic locations in the U.S. had anemic sales growth.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
Stocks in Australia fell on the worries that the global recession is likely to deepen after G-7 meeting of ministers failed to offer clear path to recovery. China based Minmetals offered $2.6 billion bid for OZ Minerals. BG Group raises takeover offer for Pure Energy to A$995 million.
- Darlington Musarurwa
- 17 Feb, 2009
- New York City
Japan stock indexes declined after index for demand for services dropped in December. Passenger car sales from the eight biggest car makers will drop in the current fiscal year. Finance Minister Nakagawa resigned after he appeared intoxicated at a press conference after G-7 meeting.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
The healthcare products maker quarterly sales dipped 4.9% to $15.2 billion and net earnings rose 14% to $2.7 billion. Earnings per share increased to 97 cents from 82 cents a year ago quarter. The company expects earnings per share between $4.45 and $4.55 for fiscal 2009.
- 123jump.com Staff
- 16 Feb, 2009
- New York City
The technology service company reported quarterly revenues decreased 6% to $27 billion and net income from continuing operations rose 12% to $4.4 billion. Earnings per share increased to $3.28 from $2.80 last year. The company estimates earnings of at least $9.20 per share in the fiscal 2009.
- 123jump.com Staff
- 16 Feb, 2009
- New York City
The chip maker first quarter revenues of $2.5 billion but earnings plunged 55.5% to $341 million. Earnings per share were 20 cents compared to 46 cents a year ago quarter. The company estimates second quarter revenues to be in the range of $2.25 billion to $2.45 billion, a 6% to 14% decrease from a year ago.
- 123jump.com Staff
- 16 Feb, 2009
- New York City
European markets close lower on weakness in banks and financial stocks. G-7 finance ministers fail to offer a clear plan to prevent the further widening of the economic downturn and persistent weakness in banking sector. Air Liquide rallies on strong earnings.
- 123jump.com Staff
- 16 Feb, 2009
- New York City
UK stocks dropped after a gloomy economic forecast from the largest industry group. The latest estimate suggests that the economy can drop as much as 4.5% in the next six quarters and the growth may resume the earliest and in 2011. For the current the economy is forecasted ot shrink 3.3%.
- 123jump.com Staff
- 16 Feb, 2009
- New York City
Stocks in India dropped sharply after the interim budeget focus on rural development and failed to offer any subsidy to businesses. Exports in the current fiscal year are expected to rise 26.4% and total international traded is expected to surge 35.5%.