- 123jump.com Staff
- 10 Jun, 2009
- New York City
UK stocks edged higher today tracking gains in commodities. Stocks are now following the trends in the commodities and in energy markets. UK production output declined and trade deficit increased to
- Darlington Musarurwa
- 10 Jun, 2009
- New York City
Stocks in Japan closed higher after financials and shipping companies rallied. Three largest shipping companies edged higher after comments from Credit Suisse. Separately, K-Line is preparing to cut additional 3 billion yen in costs. Machinery orders declined April.
- 123jump.com Staff
- 10 Jun, 2009
- New York City
The fashion jewelry retailer first quarter sales declined 22% to $ 523.1 million and net earnings plunged 62.5% to $24 million due to steeper than expected drop in sales. The company earned 20 cents per diluted share, compared with 50 cents from a year ago quarter.
- 123jump.com Staff
- 10 Jun, 2009
- New York City
Big Lots first quarter sales fell slightly to $1.14 billion with net profit increasing 4.9% to $36.2 million due to lower expenses. Earnings per share were 44 cents as against 42 cents a year ago and are expected to range from $1.85 to $1.95, for the full year.
- Mayank Mehta
- 10 Jun, 2009
- New York City
Ameriprise Financial declined 9% after it planned $900 million offering. CB Richard Ellis surged 18% after it places $100 million of stocks with hedge funds controlled by Paulson & Co. Citigroup initiated the process of converting preferred shares of $58 billion.
- 123jump.com Staff
- 10 Jun, 2009
- New York City
Stocks in India climbed higher as net purchase from foreign investors reaches $5 billion with most of it invested in the last six weeks. HDFC seeks to raise 4,000 crore rupees and Rural Electrification plans to 3,000 crore rupees offering.
- 123jump.com Staff
- 10 Jun, 2009
- New York City
Stocks in Australia surge after consumer confidence soars. The government stimulus and first quarter GDP expansion contributed to the confidence boost. The home loans increased in April and loans to first time home buyers were 28% of all loans. Karoon Gas raised A$150 million.
- 123jump.com Staff
- 09 Jun, 2009
- New York City
U.S. stocks closed mixed but tech stocks closed higher on revised outlook from Texas Instruments. Crude oil reached intra-day high of $70 a barrel since October last year. Copper and other base metal prices increased.
- Darlington Musarurwa
- 09 Jun, 2009
- New York City
European markets closed mixed after German exports fell more than expected in April and industrial production declined. Business confidence in France in May increased. Arcandor filed for insolvency and bankers will sell its majority stake in Thomas Cook. Air France-KLM traffic declined.
- 123jump.com Staff
- 09 Jun, 2009
- New York City
U.K. house prices rise 1.1% in April. BlackRock values investment management unit of Barclays at $13 billion. Thomas Cook majority stake is likely to be auctioned after Arcandor files for insolvency. Greene King acquires 30 pubs at
- 123jump.com Staff
- 09 Jun, 2009
- New York City
Stocks in Mumbai trading rebounded after Prime Minister said economy is likely to grow at 7% in the current fiscal year. Satyam Computer Services surged after it reported net income in the third quarter. Tech Mahindra surged 25%. Infosys along with EDS and IBM were selected for A$450 million deal.
- Mayank Mehta
- 09 Jun, 2009
- New York City
The Men''s Wearhouse surged after it reported better than expected earnings. Harley Davidson and Hartford Financial declined after negative comments from brokers. FuelCell Energy surged after it reported smaller than expected loss. Pep Boys-Manny, Moe & Jack increased 7% on steady sales.
- 123jump.com Staff
- 09 Jun, 2009
- New York City
Financial stocks in Tokyo led the decliners after the proposed merger between two insurance companies faced resistance. Executives at Nipponkoa expressed dissatisfaction with Sompo Japan merger. Investors have turned cautious after recent sharp gains in the commodities and benchmark indexes.
- Darlington Musarurwa
- 09 Jun, 2009
- New York City
Australian business confidence increases in May as the government commits A$22 billion to infrastructure spending. JB Hi-Fi Limited lifted its earnings outlook. Origin Energy lowered its annual earnings outlook for the second time this year. Attacks on Indian students in Australia continue.
- Darlington Musarurwa
- 09 Jun, 2009
- New York City
China auto and commercial vehicles sales surge in May and for the year after the government offered tax rebates. China also boosted tax incentives to exporters of electronics and other products. Financials rallied on media speculation of a merger between Ping An and Shenzhen Development Bank.