- 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.
- Mayank Mehta
- 28 Jan, 2009
- New York City
Legg Mason and Calamos Asset Management fell after reporting losses. Citigroup jumped on the speculation that its Japanese brokerage unit may be sold to Mizuho Financial Group. Tyco Electronics fell on a quarterly loss. Tidewater Inc rose on 31% rise in earnings.
- Darlington Musarurwa
- 28 Jan, 2009
- New York City
Stocks in Tokyo trading gained 0.6% on the expectations that the U.S. stimulus plan will be passed. Panasonic is expected to reported first loss in six years. Sumitomo Mitsui Financial Group net dropped nearly 70% in the nine months ending in December.
- 123jump.com Staff
- 28 Jan, 2009
- New York City
Australia stocks rose 1.5% after commodity and financial stocks gained on expectations that the Reserve Bank of Australia will cut interest rates as consumer prices drop. In the December quarter, consumer price index fell 0.3%. Woolworth second quarter sales rise 8.1% to A$13.3 billion.
- 123jump.com Staff
- 27 Jan, 2009
- New York City
The mobile phone maker reported a 19% decline in net sales to 12.7 billion euros, net fell 69% to 576 million euros on falling margins and weak sales. Earnings per share decreased to 15 euro cents from 47 euro cents a year ago. The company expects a 10% decline in mobile device sales in 2009.
- 123jump.com Staff
- 27 Jan, 2009
- New York City
U.S. stocks closed higher after a day of listless trading. Earnings dominated the trading sentiment. General Electric and its finance division may face ratings downgrade as analysts believe profit target may be hard to reach. Crude falls but gold traded near $900 price.
- 123jump.com Staff
- 27 Jan, 2009
- New York City
Valero dropped after the crude oil refiner posted a loss. American Express declined but recovered in the afternoon trading after its earnings dropped 79%. Netflix surged on a sharp increase in revenue and earnings. Waddell & Reed declined on one-time charges and a fall in asset under management.
- 123jump.com Staff
- 27 Jan, 2009
- New York City
Japan launches emergency aid for struggling companies. Coca-Cola seeks 50% stake in Kikkoman Corp. but the Japanese company is still not sure how much stake it plans to sell. International tourist arrivals dropped sharply in December. Japanese tourist traveling to foreign destinations declined too.
- 123jump.com Staff
- 27 Jan, 2009
- New York City
The fiscal deficit in India at the end of the current year is expected to rise to 5.9% of the GDP. The RBI holds rates and reserve ratios for banks and lowers the estimate of the economic growth rate to 7%. Stocks surged on the global mega mergers in pharmaceutical industries.
- 123jump.com Staff
- 27 Jan, 2009
- New York City
Stocks in Australia rebounded sharply on the rise in business confidence. Producer price index rose 1.3% in December from November and 6.5% from a year ago. A rise in commodities and crude oil prices lifted trading sentiment. Macquarie Countrywide led gainers in the ASX 200 index shares.
- 123jump.com Staff
- 27 Jan, 2009
- New York City
The semiconductor chipmaker reported first quarter net loss of $706 million or $0.91 per share versus a net loss of $262 million or $0.34 per share a year ago, including a $369 million non-cash write-down of memory inventories. Net sales in the quarter fell 9% to $1.40 billion.
- 123jump.com Staff
- 26 Jan, 2009
- New York City
Barclays in a letter to investors stressed that the company has
- 123jump.com Staff
- 26 Jan, 2009
- New York City
U.S. stocks edged higher after a mega merger between Pfizer and Wyeth. The existing home sales rose unexpectedly 6.5% in December. Earnings dominated trading sentiment. Caterpillar and Deere & Company fell on weaker than expected outlook. Gold rose above $900 per ounce.