- Mayank Mehta
- 07 Jan, 2009
- New York City
Satyam Computer Services plunged 91% after Chairman resigned and admitted financial irregularity. Alcoa fell more than 10% on a restructuring plan and production cut. Casino stocks fell further on weak consumer spending. Time Warner Inc will record $25 billion of non-cash charge and a loss.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
Scottish & Southern Energy to issue 40 million shares worth
- 123jump.com Staff
- 07 Jan, 2009
- New York City
In weak trading in Sydney, stocks closed higher ahead of earnings release. November retail sales rose 0.1% and new home sales declined 1.1% in the month. Oil and gas company Santos revived its A$1.8 billion plan to develop and supply natural gas from a field in Western Australia.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
Japanese retailer Aeon Co Ltd forecasted its first annual loss in seven years. Sales in the first eleven months ending in November declined 1.2%. Listed companies in Japan are looking for a profit gain of 10% in the fiscal year ending in March 2009.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
Stocks in Mumbai plunge after Satyam Chairman admitted inflating balance sheet, cash reserve and sales for the last five year. The fourth largest software export company is also listed on the New York Stock Exchange. The benchmark index Sensex plunges 7%.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
China issues 3G licenses to three mobile operators. Bank of America sells $2.83 billion stake in Construction Bank of China and lowers its stake to above 16%. The benchmark Stock index in Hong Kong fell 3.4% and in Shanghai edged 0.6% lower. Telecom stocks fell on profit taking.
- 123jump.com Staff
- 06 Jan, 2009
- New York City
U.S. stocks rebounded on the hopes that the new administration will soon provide a large economic stimulus. Alcoa Inc laid off 13% of its staff and cut its capital expenditure and suspend stock buyback. Dow Chemical will seek $2.5 billion from Kuwait after it canceled joint venture.
- 123jump.com Staff
- 06 Jan, 2009
- New York City
UK house prices dropped 2.5% from a month earlier and 15.9% from a year ago to
- 123jump.com Staff
- 06 Jan, 2009
- New York City
Mumbai stocks traded mix ahead of earnings season and the expectations of more rate cuts. More rate cuts are likely in the next three months if the economy remains weak. Axis Bank and Infosys will kick start the earnings season at the end of this week.
- Mayank Mehta
- 06 Jan, 2009
- New York City
Solar panel chip makers fell after LDK lowered its revenue estimate and Evergreen took one time charge on production stoppage and shipment delays. IntercontinentalExchange declined on earnings worries. Garmin Limited dropped after Goldman downgraded the stock.
- 123jump.com Staff
- 06 Jan, 2009
- New York City
Hong Kong home sale in December rebound from a month ago but fall sharply for the year. Weak confidence, falling demand and tight lending from banks depress property sales.
- 123jump.com Staff
- 06 Jan, 2009
- New York City
Stocks in Japan edged higher on a rise in spot prices of computer chips and weakening yen. Toyota will lower production at 11 plants in the next two months. Prices of memory chips in Asian trading surged for the second day on expectations of lower than expected supply.
- 123jump.com Staff
- 06 Jan, 2009
- New York City
Australian stocks rose 1.5% despite the latest read on business conditions showed a weakness last seen 10 years ago. Auto sales dropped 11.3% in December and fell 3.6% in the year 2008. Auto sales are expected to fall 12% in 2009 in Australia.
- 123jump.com Staff
- 06 Jan, 2009
- New York City
CKE reported third quarter earnings declined to $5.4 million or $0.10 per share from $6.2 million a year ago with revenue fall of 4%. On a blended basis the sales at comparable stores rose by 0.9%. In the first three quarters of the fiscal year the restaurant operator added 27 new stores.
- 123jump.com Staff
- 06 Jan, 2009
- New York City
The automotive aftermarket retail and service chain quarterly revenue declined 12.2% to $464.2 million and comparable sales decreased 10.4%. Net earnings rose to $2.8 million or $0.05 per share as compared to a net loss of $20.6 million or $0.40 per share in 2007. Gain from sale lease back transactions increased from $87 million to $173 million.