- 123jump.com Staff
- 05 May, 2009
- New York City
U.S. stocks edged lower after rallying for days on the hopes that banks are adequately capitalized and economy is in the bottoming out process. European banks closed higher after UBS reported smaller than expected loss. Alcatel loss widened. Demag Cranes orders plunged.
- 123jump.com Staff
- 05 May, 2009
- New York City
European stocks declined after rally in recent days ran out of steam. Banks increased after UBS reported smaller than expected loss. Adidas AG and Metro AG declined on weak earnings. German auto sales increased 14% in April.
- Mayank Mehta
- 05 May, 2009
- New York City
Legg Mason Inc led the decliners in the S&P 500 index of 18.7%. ATS Medical, Inc tops first quarter earnings per share by 2 cents. Chesapeake Energy Corporation posts first quarter $6 billion loss.
- 123jump.com Staff
- 05 May, 2009
- New York City
U.S. stocks traded volatile as service industry index showed a smaller decline in April. Fed chairman in his prepared remarks focused on the fragile economic conditions. Legg Mason reported a larger loss compared to a year ago and D R Horton quarterly loss declined.
- 123jump.com Staff
- 05 May, 2009
- New York City
Hong Kong gained on the back of a rise in optimism in the U.S. The benchmark index has recovered 45% from its lows of March 10 and continues to gain as investor sentiment rebound. Li & Fung declined 8% after it planned to raise $350 million from the controlling shareholder.
- 123jump.com Staff
- 05 May, 2009
- New York City
Stocks in Mumbai trading were unchanged after a rally of 6.4%. DLF surged after it planned to raise capital and sell its non-core assets. Sobha Developers board approved capital increase and sell of the company to foreign institutional investors. Tata Motors reported a surge in Nano bookings.
- 123jump.com Staff
- 05 May, 2009
- New York City
The online auctioneer quarterly revenue declined 8% to $2 billion caused by the impact of a stronger dollar and decline of the core marketplaces business. Net income decreased 22% to $357.1 million in the quarter. Earnings per share was 28 cents compared to 34 cents in the prior-year quarter.
- 123jump.com Staff
- 04 May, 2009
- New York City
U.S. stocks surged as world markets rallied on optimism that the rise in Chinese manufacturing index may indicate world trade stabilization. Pending contracts for home resale also increased in the U.S. lifting indexes and financials. Banks surged led by a rally in Wells Fargo.
- 123jump.com Staff
- 04 May, 2009
- New York City
European stocks closed higher led by a rise in steel and automakers, insurance companies and airlines. The worldwide rally was sparked by the latest read on manufacturing industry suggested expansion in manufacturing in China. ArcelorMittal and Thyssen Krupp surged.
- 123jump.com Staff
- 04 May, 2009
- New York City
Stocks in Australia surged, despite a record fall in home prices in the first quarter ending in March. Jobs ads in newspapers and on the Internet dropped 7.5% in April and plunged nearly half from a year ago. Macquarie Group sold 20 million shares at A$27.00 a share and raised A$540 million.
- 123jump.com Staff
- 04 May, 2009
- New York City
China region stocks surged after investors piled in stocks on better than expected manufacturing industry data. The weekend agreement among Asian nations to set up a reserve fund also bolstered stocks in the region. Commodities linked stocks rallied in Hong Kong and in Shanghai.
- Mayank Mehta
- 04 May, 2009
- New York City
Sprint Nextel Corporation led gainers in the S&P 500 index with a rise of 13.7%. Administaff, Inc first quarter net falls 38% on lower margins. CNA Financial Corporation post first quarter losses as investment woes continue. Tyson Foods, Inc shares fall after second quarter loss.
- 123jump.com Staff
- 04 May, 2009
- New York City
U.S. stocks traded higher on second monthly increase in pending home resale contracts and gain in construction spending. Markets in China, India and Australia surged and European markets traded higher. Crude oil and copper gained. Sprint surged after it reported quarterly profit.
- 123jump.com Staff
- 04 May, 2009
- New York City
Mumbai stocks surged on the optimism about recovery in the global markets and expanding manufacturing in China. HDFC reported 20% increase in profit and Allahabad Bank net income increased 55%. Century Textiles net increase 10%. Banks, financial services and commodities linked stocks surged.
- 123jump.com Staff
- 04 May, 2009
- New York City
The beverage maker quarterly revenue fell 2.8% to $7.17 billion. Net quarterly income declined 10% to $1.35 billion following restructuring charges and lower revenue. Earnings per share dipped to 58 cents from 64 cents a year-ago quarter. Unit case volume rose 2% in the quarter.