- Mayank Mehta
- 29 Jul, 2009
- New York City
UK stocks edged higher as mortgage lending in June increased. BG Group earnings fell 31% on lower energy prices. Cadbury first half profit surged 177%. The auto dealer Inchcape surged after it reported better than expected earnings.
- 123jump.com Staff
- 29 Jul, 2009
- New York City
The flash memory card maker total revenue declined 10% to $731 million in the quarter. Net quarterly income was $53 million helped by increased pricing and higher royalty revenue. Earnings per share gains were 23 cents compared to a loss of 33 cents per share the prior-year quarter.
- Mayank Mehta
- 29 Jul, 2009
- New York City
Yahoo! and Microsoft agree to partner on a search technology and advertising revenue sharing. Microsoft will gain higher visibility for Bing and raise competitive pressures on Google. Yahoo will retain 88% ad revenues for the first ten years but Microsoft will not make any upfront payment.
- 123jump.com Staff
- 29 Jul, 2009
- New York City
Stocks in Shanghai plunged after investors worried of the government crackdown on new loans and housing bubble. The benchmark index has surged more than 75% in the last nine months. China Cosco dropped after it estimated a loss in the first half on weak container and dry bulk cargo.
- Mayank Mehta
- 29 Jul, 2009
- New York City
Mumbai stocks retreated after sharp gains in the last ten days and on earnings jitters. Jindal Steel surged after its earnings gained on currency bets. Aditya Birla Nuvo Ltd dropped on poor results. DLF fell back from its recent highs ahead of earnings. National Fertilizers declined.
- 123jump.com Staff
- 29 Jul, 2009
- New York City
Nissan reported its third quarterly loss and Honda first quarter net plunged 96%. Yahoo Japan surged after it estimated higher sales and earnings in the second quarter. Nippon steel declined after it estimated loss in the second quarter.
- 123jump.com Staff
- 28 Jul, 2009
- New York City
The global asset management firm revenues were $613 million for the quarter, down just 1%. Net income zoomed 238% to $50 million. Earnings per share were 35 cents compared to a loss of 26 cents in the year ago quarter.
- Mukesh Buch
- 28 Jul, 2009
- New York City
Weakening U.S. consumer confidence and a slight uptick in U.S. home prices did not sway market indexes near close. Disappointing earnings drove shares of Interpublic, Valero, Viacom and U.S. Steel lower. U.S. steel offered optimistic outlook and recalled about 800 workers. IBM acquires SPSS.
- Mayank Mehta
- 28 Jul, 2009
- New York City
European markets closed lower after rallying for more two weeks. Deutsche Bank set aside sharply higher loan loss reserves. Pfeiffer Vacuum second quarter revenues exceeded expectations. EADS report higher quarterly profit as Airbus deliveries increase. BP issues cautious outlook.
- Mayank Mehta
- 28 Jul, 2009
- New York City
The RBI left its key lending rate unchanged at 3.25% but lifted its inflation outlook in the current financial year. Adani Power Limited initial public offering is oversubscribed by anchor investors. Grasim Industries profit surged 68%.
- 123jump.com Staff
- 27 Jul, 2009
- New York City
Internet major Yahoo second quarter revenue declined 13% to $1.57 billion but cost cutting measures paid off and net income rose 8% to $141 million. Earnings per share were 10 cents compared to 9 cents in the prior year quarter. New Homepage was also introduced with new features.
- Mukesh Buch
- 27 Jul, 2009
- New York City
The dollar edged lower after new home sales in the U.S. increased 11% in June, the sharpest monthly gain in eight years. Alberto Culver, Corning, Cott, LVMH, Pearson and Verizon fell after earnings. Dollar dropped to two-month low and Treasury bond yields increased.
- Mayank Mehta
- 27 Jul, 2009
- New York City
European markets edged higher on earnings outlook. LVMH leaked earnings showed a decline of 23%. Societe Television Francaise surged after net dropped 61%. Thomson SA and banks agreed on revised lending terms. Porsche plunged 11%.
- Mayank Mehta
- 27 Jul, 2009
- New York City
UK stocks continued to rally for the eleventh day in a row. Commodities and earnings linked stocks closed higher. Rexam is expected to raise ₤350 million in rights issue. Beazley Group declined on 55% drop in earnings. Pearson increased 12% after it increased its dividend.
- Mayank Mehta
- 27 Jul, 2009
- New York City
Mylan Inc led the decliners in the S&P 500 index with a loss of 7.2%. ACCO Brands Corp second quarter profit beats market. Honeywell International lowered its annual revenues outlook. Varian surges after it agreed to be acquired by Agilent Technologies.