- 123jump.com Staff
- 22 Nov, 2008
- New York City
GameStop, the entertainment software retailer sales increased 5% in the Q3 to $1.7 billion. Comparable sales fell 1.8%. Net earnings were $46.7 or 28 cents per share compared to $52.0 million or 31 cents per share a year ago. The company estimates Q4 earnings per share between $1.29 and $1.34.
- 123jump.com Staff
- 21 Nov, 2008
- New York City
Asian stocks rallied on the hopes that more government intervention in the region will bolster the economic growth and sustain the domestic demand. The Bank of Japan kept its key lending rate at 0.3% and indicated that it is ready to add more liquidity in the financial system.
- 123jump.com Staff
- 21 Nov, 2008
- New York City
The Men
- 123jump.com Staff
- 21 Nov, 2008
- New York City
U.S. stocks rebounded in the early morning after more than 10% in last two days. However, European markets fell with the weaknesses in banks and retail stocks. Asian stocks rose on the hope that the government will support the domestic programs. Citigroup fell another 18%.
- 123jump.com Staff
- 20 Nov, 2008
- New York City
U.S. market indexes dropped more than 5% and lost 10% in the last two days of trading. S&P 500 index declined to nearly a 12-year low and crude oil prices fell to a 3-year low. Thirteen of 30 Dow stocks are trading below 2002 closing prices. European markets decline 4% and Japan plunges 7%.
- 123jump.com Staff
- 20 Nov, 2008
- New York City
Retailers reported declining revenues and earnings. Solar panels and technologies maker report lower than expected earnings. PetSmart rose 13% and Schools Specialty dropped 9%. Prologis plunged 16%. The dental supplies company slid 16%. Lincoln National dropped 18%.
- 123jump.com Staff
- 20 Nov, 2008
- New York City
Dr Pepper Snapple in its first quarter as an independent company reported earnings of $0.41 per share compared to $0.61 per share in prior year period. The company generated $523 million of cash from operations since its separation from Cadbury in May 2008 and has repaid $295 million of its loans.
- Darlington Musarurwa
- 20 Nov, 2008
- New York City
Hong Kong stocks fell on the global economic slowdown worries tracking losses in Japan and Australia. Banks, realty and retail stocks declined on the worries that credit crunch is likely to get worse in the short term. China to increase tax rebates on the light industry.
- 123jump.com Staff
- 20 Nov, 2008
- New York City
Stocks in Japan plunged 7% to below key 8,000 mark as investors increasingly worry about the depth of the U.S. economic recession. US lawmakers appear to be still lacking the grasp of the current economic crisis and Secretary Treasury appears to lack direction or a plan.
- 123jump.com Staff
- 19 Nov, 2008
- New York City
J. C. Penney, the department store chain reported sales declined 8.7% to $4.3 billion and net income plunged to $124 million or $0.56 per diluted share compared with $261 million and $1.17 for the prior year. The company guided earnings for the fourth quarter to be between $0.90 and $1.05 a share.
- Darlington Musarurwa
- 19 Nov, 2008
- New York City
Toyota will halt production during holiday period in the U.S. and slow production at several plants in North America. Toyota also said it will miss sales target in China. Nissan predicted U.S. auto sales to plunge to 11 million in 2009. Sumitomo Mitsui to raise $4 billion.
- 123jump.com Staff
- 19 Nov, 2008
- New York City
U.S. home starts, completions and permits in October fell as tight credit and weak demand kept buyers away. Building permits dropped 40%, home starts plunged 38% and completions dropped 26% from a year ago. Single family homes starts declined 3.3% from September to 531,000 annual rate.
- 123jump.com Staff
- 19 Nov, 2008
- New York City
Wal-Mart Stores, the largest retailer in the world reported net sales in the third quarter increased 7.5% to $97.6 billion and diluted earnings per share increased 10% to 77 cents The Company expects diluted earnings per share in the fourth quarter between $1.03 and $1.07.
- 123jump.com Staff
- 19 Nov, 2008
- New York City
European markets fell across the region on job cuts, bank profit worries and weak earnings environment. Market indexes dropped more than 1% in the early afternoon after ECB President Jean-Claude Trichet said that global financial system is under severe stress in 65 years.
- 123jump.com Staff
- 19 Nov, 2008
- New York City
Stocks in Australia edged lower as global economic slowdown worries continue to haunt investors. Babcock & Brown plans to cut 60% staff to lower operating costs. Leadning economic indicators index declined to annualized increase of 1.1%. AWB Ltd annual revenue rose 51% and net up surged 137%.