- Mayank Mehta
- 04 May, 2009
- New York City
Sprint Nextel Corporation led gainers in the S&P 500 index with a rise of 13.7%. Administaff, Inc first quarter net falls 38% on lower margins. CNA Financial Corporation post first quarter losses as investment woes continue. Tyson Foods, Inc shares fall after second quarter loss.
- 123jump.com Staff
- 04 May, 2009
- New York City
U.S. stocks traded higher on second monthly increase in pending home resale contracts and gain in construction spending. Markets in China, India and Australia surged and European markets traded higher. Crude oil and copper gained. Sprint surged after it reported quarterly profit.
- 123jump.com Staff
- 04 May, 2009
- New York City
Mumbai stocks surged on the optimism about recovery in the global markets and expanding manufacturing in China. HDFC reported 20% increase in profit and Allahabad Bank net income increased 55%. Century Textiles net increase 10%. Banks, financial services and commodities linked stocks surged.
- 123jump.com Staff
- 04 May, 2009
- New York City
The beverage maker quarterly revenue fell 2.8% to $7.17 billion. Net quarterly income declined 10% to $1.35 billion following restructuring charges and lower revenue. Earnings per share dipped to 58 cents from 64 cents a year-ago quarter. Unit case volume rose 2% in the quarter.
- 123jump.com Staff
- 02 May, 2009
- New York City
The chip maker reported second quarter net revenue of $2.5 billion and a net loss of $289 million hurt by the litigation settlement charges with Broadcom. Earnings per share were a loss of 18 cents per share as compared to 47 cents profit in the year ago quarter.
- 123jump.com Staff
- 03 May, 2009
- New York City
The financial services provider quarterly revenue was $21 billion including record contributions from legacy Wells Fargo and 41% of combined revenue from Wachovia. Net quarterly income rose 52% to $3 billion. Earnings per share dropped to 56 cents from 60 cents a year-ago quarter.
- 123jump.com Staff
- 02 May, 2009
- New York City
The financial institution reported quarterly revenue rose 111% to $36 billion. Net quarterly income surged 250% to $4.2 billion with Merrill Lynch contributing $3.7 billion. Earnings per share rose to 44 cents from 23 cents the prior year. The bank extended $183 billion in credit in the quarter.
- 123jump.com Staff
- 01 May, 2009
- New York City
EMC first quarter revenue declined 9.2% to $3.15 billion and net income declined 22.8% to $194.1 million. Earnings per share were 10 cents as against 12 cents in the year ago quarter. The company generated record cash and investments were $9.8 billion.
- 123jump.com Staff
- 01 May, 2009
- New York City
Commodities linked stocks rallied after crude oil and copper increased. Crude oil jumped 4% after China reported second monthly expansion in a row. March exports from India declined and government indicated it sees no signs of improvement in near term. Softbank in Tokyo surged.
- 123jump.com Staff
- 01 May, 2009
- New York City
UK stocks closed flat on low trading volume on a day when all other European markets were closed. Copper and Nickel prices rallied after China reported healthy gains in manufacturing for the second month in a row. Kazakhmys surged 10% and other miners including Xstrata and Antofagasta surged.
- Mayank Mehta
- 01 May, 2009
- New York City
The Manitowoc Company, Inc led gainers in the S&P 500 index with a rise of 14.6%. The Hartford Financial Services Group, Inc reported quarterly net loss $1.21 billion. Met Life reported first quarter sales declined 12% and reported a net loss.
- 123jump.com Staff
- 01 May, 2009
- New York City
MasterCard dropped as much as 10% after it reported first quarter sales declined 2.2% to $1.2 billion and net income declined 18%. The gross dollar volume and transactions declined in the U.S. and rose at a curtailed rate in Europe.
- 123jump.com Staff
- 01 May, 2009
- New York City
Stocks in Japan traded higher for the second day in a row after better than expected earnings from Softbank, Itochu and Fujitsu. Showa Denko plunged on weak outlook. Sumitomo Mitsui has agreed to pay $5.5 billion to acquire Nikko Cordial from Citigroup for $5.5 billion.
- 123jump.com Staff
- 01 May, 2009
- New York City
Exports, imports and trade deficit in India declined in March. Annual fiscal trade deficit, though smaller than previous year still remain at elevated level. Third phase of election was completed in nine states in India in low voter turnout.
- 123jump.com Staff
- 30 Apr, 2009
- New York City
U.S. stocks reversed their early gains after Chrysler debt holders and debt holders could not agree. The failure forced first major automaker in the U.S. into bankruptcy throwing in doubts the future of hundreds auto parts maker. Japan lowered its annual economic outlook.