- 123jump.com Staff
- 09 Dec, 2008
- New York City
Westpac plans to raise A$2.5 billion to raise its capital. Australian business conditions decline in November. Industry group forecasts sharply lower economic growth in 2009 but not a recession.
- 123jump.com Staff
- 09 Dec, 2008
- New York City
Japan revised its quarterly economic decline to 1.8% from the previous estimate of 0.4%. Sony Corp plans to eliminate 5% of its worldwide staff and save 100 billion yen by the end of fiscal 2010. The company will also trim its invetsment and manufacturing in Europe.
- 123jump.com Staff
- 09 Dec, 2008
- New York City
Hong Kong stocks fell after rallying on Monday. Hong Kong foreign reserves soared to $166 billion, eight largest in the world. Commodities and mining related stocks gained but financials and realty stocks declined. shippers and related stocks rose on a rise in freight price index.
- Trupti Mehta
- 09 Dec, 2008
- New York City
H&R Block, Inc second quarter revenues fell 1.5% to $351.5 million and net loss was $135.9 million or 41 cents a share. National Semiconductor Corporation second quarter sales fell 16% to $421.6 million and net income fell 63% to $33.9 million or 14 cents a share.
- Mayank Mehta
- 08 Dec, 2008
- New York City
Stocks surged on the hopes that new administration will provide more than $600 billion in economic stimulus as early as January. Of the stocks in S&P 500 index 421 gained, 77 declined and 2 were unchanged. The 26 stocks in Dow gained and 4 declined. Infrastructure and industrials led the rally.
- 123jump.com Staff
- 08 Dec, 2008
- New York City
Stocks in Australia surged. Job postings dropped 8.6% in November and in metropolitan newspapers plunged 12%. Stocks surged after news reports suggested China National Petroleum may bid for Santos in partnership with foreign oil company.
- 123jump.com Staff
- 08 Dec, 2008
- New York City
Tokyo stocks surge on optimistic outlook for the U.S. stimulus plan from President-elect Obama. Bank lending increased in November at a fastest pace in 16 years. Construction equipment makers surged on the optimism that the U.S. stimulus plan will increase exports.
- 123jump.com Staff
- 08 Dec, 2008
- New York City
Reserve Bank of India cut repo rate by 1% to 6.5% over the weekend and Indian government broadened and enlarged its stimulus package. The government will offer cheaper credit to exporters and home buyers. Small businesses will have access to more credit through a separate program. Stocks Surged.
- 123jump.com Staff
- 08 Dec, 2008
- New York City
The home improvement retailer quarterly sales increased 1.4% to $11.7 million. Earnings per share fell 23% to $0.33 from a year ago of 43 cents. In the quarter total customer count increased 3.4% but average ticket declined 2% to $65.64. Comparable transactions decreased 3.5%.
- 123jump.com Staff
- 08 Dec, 2008
- New York City
U.S. stocks surged on optimism that new administration will provide a large government stimulus to arrest faltering economy. At least today, investors are overlooking forces that will stoke inflation in the years to come. On Sunday, India lowered its lending rates. Oil and metals prices rise.
- 123jump.com Staff
- 08 Dec, 2008
- New York City
Dell Inc third quarter fell 3% to $15.16 billion and net income in the period declined to $727 million or $0.37 per share compared to $766 million or $0.34 per share in the prior year quarter. Cash outflow from operations was $86 million and cash conversion cycle increased to 25 days.
- 123jump.com Staff
- 07 Dec, 2008
- New York City
Autodesk, design software developer third quarter revenues increased 13% to $607 million. Diluted earnings per share increased 29% to 45 cents. The company expects fourth quarter revenue between $525 million and $550 million and earnings per share between 13 cents and 19 cents.
- 123jump.com Staff
- 06 Dec, 2008
- New York City
PetSmart third quarter revenues increased 12.1% to $1.3 billion, and net profit rose to $35.8 million or 28 cents a share compared to $29.5 million or 23 cents a share. The company guided fourth quarter earnings per share between 59 cents to 62 cents.
- 123jump.com Staff
- 05 Dec, 2008
- New York City
November unemployment rose 6.7% in the U.S. as 533,000 people lost their jobs, largest monthly cut in 33 years. Stocks closed higher after Hartford Financial lifted earnings outlook and Prudential offered better than expected earnings views.
- 123jump.com Staff
- 05 Dec, 2008
- New York City
Insurance stocks rallied after Hartford and Prudential revised earnings outlook. Hartford Financial surged after it lifted its earnings guidance and Prudential soared 30% on its better outlook for 2009. Royal Bank of Canada declined 5%.