- 123jump.com Staff
- 29 Jan, 2009
- New York City
The Internet search and advertising company revenue rose to 18% to $5.7 billion. Net earnings dropped 68% to $382.4 million on AOL impairment charges. Earnings per share declined to $1.21 compared to $3.79 a year ago.
- 123jump.com Staff
- 29 Jan, 2009
- New York City
U.S. stocks dropped ahead of the GDP report and on weak employment and new home sales. The sales declined to 45-year low to annual rate of 331,000. Unemployment claims rose to 4.8 million at the end of the last week. President Obama urged Wall Street to reconsider $18 billon of bonus.
- Mayank Mehta
- 29 Jan, 2009
- New York City
Textron, Eastman Kodak and Allstate plunged after the companies reported a quarterly loss. Eastman Kodak announced plan to lay-off as many as 4,500. DryShips plunged on $500 million secondary offering.
- 123jump.com Staff
- 29 Jan, 2009
- New York City
The latest read on monthly inflation at the end of previous week in India edged higher, however inflation remains subdued. India is likely to announce third stimulus package. Stocks in Mumbai trading fell after rising 6% for the week. Indian Hotels profit surged 38% and BHEL rose ahead of earnings.
- 123jump.com Staff
- 29 Jan, 2009
- New York City
Hong Kong left its key rate unchanged following the similar move by the U.S. Federal Reserve. The new mortgage loans origination declined in December in Hong Kong. Oil consumption rose at a slower pace in 2008 in China but production increased at a faster pace.
- 123jump.com Staff
- 29 Jan, 2009
- New York City
New Zealand aggressively cut its benchmark lending rate to 3.5% from 5% as the central bank lowers its view on the global economic conditions and prospects of higher exports. Stocks in Australia edged higher 0.9% on higher commodities prices.
- Darlington Musarurwa
- 29 Jan, 2009
- New York City
December retail sales in Japan fell 2.7% as consumer keep a tight grip on spending on worrying job losses. The recent declines in energy costs have still not been passed on to the consumers. Sony reported operating loss in the third quarter of 18 billion and estimated full year loss of 150 billlion.
- 123jump.com Staff
- 28 Jan, 2009
- New York City
The discount retailer reported quarterly net sales increased 4.2% to $1.7 billion on comparable sales increase of 2.1%. Net income increased 14.1% to $59.3 million and earnings per share rose to 42 cents from 37 cents a year ago quarter. The company opened 65 new stores in the quarter.
- 123jump.com Staff
- 28 Jan, 2009
- New York City
The restaurant operator second quarter net loss was $37.42 million or $0.73 per share, wider than a net loss of $10.35 million or $0.20 per share a year ago quarter. Total revenue dropped 9.7% during the quarter fueled by a 10.8% decline in same restaurant sales.
- 123jump.com Staff
- 28 Jan, 2009
- New York City
The home furnishings retailer third quarter net sales declined 0.7% to $1.8 billion on comparable store sales fall of 5.6%. Third quarter net earnings per share were 34 cents compared to 52 cents a year ago and the company estimated fourth quarter earnings between 40 cents to 46 cents a share.
- 123jump.com Staff
- 28 Jan, 2009
- New York City
Apple quarterly revenue rose 6% to $10.17 billion for the first quarter representing 6%, beating the high end of guidance. Net income in the quarter increased to $1.6 billion or $1.78 per share compared to $1.58 billion and $1.76 for the prior year.
- 123jump.com Staff
- 28 Jan, 2009
- New York City
The U.S. Fed left its key lending rate range unchanged near zero and indicated its preparedness to buy U.S. Treasuries. The move may be designed to allow the administration and the U.S. Congress to create more budget deficit spending.
- 123jump.com Staff
- 28 Jan, 2009
- New York City
Financial stocks lead a rally in London rally on the hopes that the U.S. stimulus plan will provide additional liquidity in the world financial system. British Sky Broadcasting interim profit increases 26% to
- 123jump.com Staff
- 28 Jan, 2009
- New York City
The Sensex index added nearly 3% for the second day in a row on short covering ahead of expiry of January derivative contracts. Tata Motors gained after UK offered loan guarantees for its UK luxury car operations Jaguar and Land Rover. India to lower petrol, diesel and gas prices effective tomorrow.