- 123jump.com Staff
- 13 Apr, 2009
- New York City
The homebuilder first quarter revenue slid 61% to $307.4 million. Net loss fell 78.3% to $58.1 million and earnings per share were loss of 75 cents against a loss of $3.47 a share in the year ago quarter. The company ended the quarter with $1.1 billion in cash.
- 123jump.com Staff
- 13 Apr, 2009
- New York City
U.S. stocks traded lower after rising for weeks. Ahead of bank earnings this week investors appeared cautious. Genworth plunged 24% after it was denied access to Treasury funds. Express Script agreed to acquire pharmacy benefit business from WellPoint for $4.7 billion. Boeing lowered its earnings.
- 123jump.com Staff
- 13 Apr, 2009
- New York City
The beverages maker quarterly net sales decreased 0.9% to $1.38 billion. Net loss was $621 million on a $696 million goodwill write-down. The company lost $2.44 a share compared to earnings of 54 cents a year-ago quarter and estimates net sales to decline 2% to 4% for fiscal 2009.
- 123jump.com Staff
- 11 Apr, 2009
- New York City
The payroll solutions provider total quarterly revenue decreased 1% to $528.6 million. Net income declined 8% to $130.8 million in the quarter. Earnings per share fell to 36 cents from 39 cents a year-ago quarter. Checks per client declined 4.3% during the quarter.
- 123jump.com Staff
- 11 Apr, 2009
- New York City
Ruby Tuesday third quarter revenue decreased by 9.6% to $317.5 million with same-restaurant sales decreasing by 6.8%. Net income plunged 59% to $4.8 million. Earnings per share were 9 cents against 23 cents in the prior year quarter.
- 123jump.com Staff
- 11 Apr, 2009
- New York City
CKE fourth quarter net income shot up to $2.6 million from $100000 and earnings per share were 5 cents as against zero in the prior year quarter. Income for the year from continuing operations increased by 5.4% to $37 million.
- 123jump.com Staff
- 10 Apr, 2009
- New York City
Banks in Europe closed higher on the back of positive sentiment in New York trading. Speculators were quick to tie the gain in earnings at Wells Fargo with the banking sector health and drove bank stocks higher. ING plans to divest as many as ten businesses to raise upto 8 billion euros.
- 123jump.com Staff
- 10 Apr, 2009
- New York City
Stocks in Shanghai trading closed higher on the speculation of rate cut. Exports declined in March but trade surplus more than tripled from February. Exports in the month fell 17% but imports declined 25% lifting the trade surplus to $18.6 billion. China Pacific Insurance net income plunges.
- 123jump.com Staff
- 10 Apr, 2009
- New York City
Stocks in Tokyo closed higher in a listless trading. Banks declined after Sumitomo Mitsui reported its largest loss in six years and proposed to raise 800 billion yen in public offering. Ship liners gained on a rise freight rate index.
- 123jump.com Staff
- 09 Apr, 2009
- New York City
Banks rallied on the hopes that Wells Fargo higher earnings estimate bodes well for others in the industry. The sharp rally in New York was broad and lifted tech stocks index 4%. Retailers reported another weak monthly sales in March and smaller gains at discounters. Textron soared on buyout rumors.
- 123jump.com Staff
- 09 Apr, 2009
- New York City
Banks rallied sharply after Wells Fargo estimate of the first quarter earnings of 55 cents a share. Retailers traded broadly lower after reporting another weak monthly sale in March. Warehouse retailers surprisingly reported weak performance.
- 123jump.com Staff
- 09 Apr, 2009
- New York City
Barclays Plc sells its successful iShare unit for $4.4 billion or
- 123jump.com Staff
- 09 Apr, 2009
- New York City
Bank of England keeps rate at 0.5% and will continue
- 123jump.com Staff
- 09 Apr, 2009
- New York City
Despite a plunge of 73% in foreign direct investment in February, India still managed to receive $25.4 billion in investment in the first eleven months of the current fiscal year. Inflation in the last week in March fell to 0.26% but food prices surge. Essar Oil surges on Kenyan refinery investment.
- 123jump.com Staff
- 09 Apr, 2009
- New York City
Stocks in Hong Kong surged on the optimism that economic stimulus will revive the growth. The larger than expected economic package in Japan also lifted stocks in Asia. March auto sales surged 10% on the government subsidies to 772,400 on 40% increaese in minivan demand.