- 123jump.com Staff
- 12 Jan, 2009
- New York City
Citigroup is at advanced state of discussion to sell a controlling stake in Smith Barney to Morgan Stanley. The newly merged brokerage operation will be jointly owned by two battered investment banks. The merged operation is expected to be valued at $20 billion.
- 123jump.com Staff
- 12 Jan, 2009
- New York City
Stocks in Hong Kong fell and in Shanghai edged higher as business climate deteriorated. The latest survey in China indicated weakening confidence and a decline in business activities across all industrial sectors. Casino stocks rebounded after the expected travel visa restrictions were not imposed.
- Darlington Musarurwa
- 12 Jan, 2009
- New York City
Australia job placements ads drop 9.7% in December. Job placement ads in the metropolitan cities declined sharply as businesses scale back hiring. Rio Tinto shelves $2.15 billion plan to explain iron ore mining in Brazil. Stocks in Sydney trading fell with the benchmark index ASX 200 declining 1.4%.
- 123jump.com Staff
- 11 Jan, 2009
- New York City
The mining equipment maker sales surged 40% to a record $1 billion and net income was $118 million or $1.11 a share compared to $70 million or $0.64 a share last year. New orders were $1.2 billion. The company expects earnings per share between $3.60 and $4.00 in 2009.
- 123jump.com Staff
- 11 Jan, 2009
- New York City
The electronics retailer reported sharp drop in profit for the third quarter despite a 16% revenue growth. The company had net earnings of $52 million or 13 cents per share sharply lower than $228 million or 53 cents per share in the prior year quarter.
- 123jump.com Staff
- 10 Jan, 2009
- New York City
Business process services third quarter revenues were $170 million and net earnings of $7.6 million, or $0.21 per diluted share, compared to revenues of $174.8 million and earnings of $7.8 million, or $0.20 per diluted share. Full year earnings a share expected to be in the range of $0.71 to $0.76.
- 123jump.com Staff
- 10 Jan, 2009
- New York City
LookSmart, an online advertising network reported revenue for the third quarter surged 37% to $15.4 million. Revenues from the advertiser network increased 39% to $13.9 million and revenue per click decreased to 8 cents from 12 cents. Net loss was $1.6 million or $0.10 a share.
- 123jump.com Staff
- 10 Jan, 2009
- New York City
The luxury home builder fourth quarter revenues declined to $698.9 million and net loss was $78.8 million or $0.49 a share including pre-tax write-downs of $175.9 million. The company ended fiscal year 2008 with 273 selling communities and estimates to deliver between 2,000 and 3,000 homes in fiscal 2009.
- 123jump.com Staff
- 10 Jan, 2009
- New York City
The national closeout retailer quarterly net sales declined 0.9% to $1.02 billion and comparable store sales decreased 0.2%. Net income was $12.25 million or $0.15 a share, compared to $14.30 million or $0.14 a share in the prior-year quarter.
- 123jump.com Staff
- 10 Jan, 2009
- New York City
The engineering company revenue rose 11% from a year ago to $2.63 billion. Net income surged to $120 million or 30 cents a share from $105 million or 25 cents a share in the prior year. New business bookings were $4 billion. The company expects revenue growth between 6% and 9% for fiscal 2010.
- 123jump.com Staff
- 10 Jan, 2009
- New York City
The specialty retailer third quarter sales were flat to $480.1 million on lower traffic and lower average ticket sales. Same store sales decreased 1.5% in the quarter compared to an increase of 2.4% in the year ago period. The retailer projected earnings per share between 75 cents to 85 cents for the full year 2009.
- 123jump.com Staff
- 10 Jan, 2009
- New York City
The homebuilder revenues plunged 48% to $721.4 million and home deliveries declined 42% to 2,294 homes. Net quarterly loss was $450.5 million or $5.79 a share, compared to a net loss of $469.3 million or $7.42 a share a year ago.
- 123jump.com Staff
- 10 Jan, 2009
- New York City
The financial information integrator reported rise of 16% in revenues to $156 million. Net income surged 21% to $35.59 million and earnings per share increased to 73 cents from 58 cents a year ago. The Company expects second quarter revenues in the range of $156 million to $159 million.
- 123jump.com Staff
- 09 Jan, 2009
- New York City
Costco quarterly sales rose 4% to $16.04 billion last year while total revenue including membership fee rose by 3.7% to $16.39. Comparable same stores sales in the quarter rose 1% from a year ago, excluding foreign exchange effect would have been 4%.
- 123jump.com Staff
- 09 Jan, 2009
- New York City
Weaker than expected December payroll report put investors on the defensive. Leading indexes in the stock markets declined for the third day in a row. Retailers led the decliners on lowered earnings expectations. Crude oil decline. Markets in Asia and Europe fell. Citi to sell Smith Barney unit.