- 123jump.com Staff
- 09 Jan, 2009
- New York City
Stocks in Hong Kong edged lower and in Shanghai rose 1.6% on Friday but fell sharply for the week. Benchmark index in Hong Kong fell 4.4% for the week. A survey of businesses suggested a weak confidence and projected that the weakness is likely to persist till 2010. Lenovo Group fell on a downgrade.
- 123jump.com Staff
- 09 Jan, 2009
- New York City
U.S. stocks edged lower after unemployment rate crossed 7% and 524,000 jobs were lost in December. For the year 2.6 million people lost jobs. Construction, manufacturing and retail sectors lost bulk of the jobs in the year. KB Home plunged and dragged other home builder after a large loss.
- 123jump.com Staff
- 09 Jan, 2009
- New York City
Indian stocks fell for the second day after Satyam scandal rattled investors. The Satyam chief Raju was arrested later in the evening. Oil executives strike entered the third day but in the late evening strike was called off. The benchmark index Sensex 1.9%.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
U.S. stocks edged lower after weaker than expected retail sales and profit warnings from retailers. Wal-Mart sales missed estimates and indicated weaker than expected sales rise in January. The Bank of England lowered the rates to the lowest level in 34 years. Stocks in Japan and China dropped.
- Mayank Mehta
- 08 Jan, 2009
- New York City
U.S. stocks fell after retailers lowered the profit outlook and reported weaker than expected sales. Wal-Mart fell after it missed sales rise estimate in December and lowered earnings outlook. Macys and Gap dropped too. Manitowoc dropped after it lowered earnings estimates.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
The Bank of England lowered its benchmark interest rate to 1.5%, the lowest level since inception in 1964. The central bank hinted worsening economic conditions, falling retail sales and further weakeness in the economy. Crude oil prices declined below $42 a barrel.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
U.S. stocks edged lower after Wal-Mart, Gap and Macys reported weaker than expected retail sales data and lowered earnings expectations for the latest quarter. Jobless claims rose less than expected at the end of the last week but number of claimants rose to a 26-year record high.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
Toro reported net earnings of $119.7 million or $3.10 per share for the year, a decrease of 8.8% on a per share basis compared to last year. The company expects fiscal 2009 net earnings to be between $2.50 and $2.70 per share on a revenue decline of 5% from a year ago.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
AutoZone reported quarterly net income of $131.37 million or $2.23 per share compared to $132.52 million or $2.02 per share a year ago. Same-store sales declined 1.5% in the quarter with net sales increased 1.6% to $1.48 billion.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
Hong Kong benchmark index fell 3.8% and Shanghai index plunged 5.9%. Hong Kong foreign currency reserves increase to US$182.5 billion at the end of December. Lenovo Group stock plunged 26% after it announced a plan to cut 11% jobs.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
Stocks in Tokyo declined 3.9% after rising for seven days in a row. The benchmark index fell after weak unemployment report in the U.S. showed more than expected job losses. Central Tokyo office vacancy rose for the eleventh month in a row. The Bank of Japan will offer 1.2 trillion yen in loans.
- Darlington Musarurwa
- 08 Jan, 2009
- New York City
Australia trade surplus declined 51% to A$1.45 billion in November from A$2.96 billion the previous month as exports declined 4% to A$26.9 billion in the period. Seasonally adjusted total dwelling units approved in November fell 12.8% from a month ago and 34.7% from a year earlier to 9,581.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
U.S. stocks declined sharply and erased the gains of the year. Earnings worries dominated trading sentiment. Marks & Spencer sales declined less than forecasted. Satyam plunged after the chairman resigned and admitted financial irregularity.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
The specialty medical products maker revenue rose 6% to $269 million and surpassed $1 billion in fiscal 2008 and net income was $29.48 million or $0.65 a share, compared to a loss of $24.19 million or $0.54 a share in the year-ago quarter. The Company expects earnings of $2.17 a share in 2009.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
Korn/Ferry second quarter fee revenue and earnings per share fell to $189.3 million and 30 cents and revenue per consultant declined 8% from a year ago. The company expects third quarter fee revenue to range from $140 million to $160 million and diluted earnings per share to range from a loss of 10 cents per share to break-even.